Europe
The role of tourism, trade, renewable energy use and carbon dioxide emissions on economic growth: evidence of tourism-led growth hypothesis in EU-28
Abstract:
The Role of Tourism, Trade, Renewable Energy Use and Carbon Dioxide Emissions on Economic Growth: Evidence of Tourism-Led Growth Hypothesis in EU-28 examines the effects of renewable energy, trade, carbon dioxide emissions and international tourism on economic growth in EU-28, considering panel data for the period 1995–2014. The investigation finds the new determinants of economic growth. The empirical results find support from the panel fully modified least squares (FMOLS), panel dynamic least squares (DOLS) and fixed effects (FE) as estimation techniques. The econometric results are consistent with the existing literature. The variables considered in this study are cointegrated in the first difference, as suggested by the panel unit root test. The present study seeks to advance the knowledge of the growth determinants, paying attention to the effect that both the tourism and energy sector exerts on economic growth for EU-28 countries. The empirical results demonstrate that trade openness, tourism arrivals and renewable energy encourage economic growth. Therefore, according to the econometric results, renewable energy allows improving environmental quality. However, CO2 emissions are positively correlated with economic growth, showing that growth is directly correlated by climate change and greenhouse gas. The results also confirm the tourism-led growth hypothesis (TLGH) for the panel. Finally, the empirical results confirm that trade openness, energy use and international tourism contribute to enhance economic growth. Based on these findings, further insights and policy prescription are offered in the concluding section.
Quotation:
“Balsalobre-Lorente, D., Leitão, N.C. (2020): The Role of Tourism, Trade, Renewable Energy Use and Carbon Dioxide Emissions on Economic Growth: Evidence of Tourism-Led Growth Hypothesis in EU-28. Environmental Science and Pollution Research. Publisher: Springer International Publishing”
Coronacrise 2020: que crise?
Abstract:
The forecasts already published by national and international institutions on the impact of Covid-19 on economies confirm what had already been anticipated: deep falls in product and employment, fuelled by the joint reduction in consumption, investment and international trade, with consequent effects on deficits and public debt. Coronacrise 2020: que crise? discusses the economic crisis triggered by Covid-19, namely in its particularities and in the common elements with the economic crisis that preceded it. In particular, the elements of connection with the 2008-2009 crisis are discussed, with emphasis on the comparison between the responses that were given at that time and the responses that are currently being given, seeking to highlight the differences between the more active intervention of the European Central Bank and the hesitant and contradictory intervention of national and European institutions with responsibility for fiscal policy. We highlight the need for an economic recovery plan, with a European dimension and integrating national specificities, as well as the need for a change in attitude regarding the role of economic policy, that should favor a long-term expansionist perspective instead of the contractionary perspective which has conditioned European macroeconomic management in recent years.
Quotation:
Mendonça, A. (2020). “Coronacrise 2020: que crise?”. Lusíada. Economia & Empresa, nº 28 (2020), pp. 11-41. https://doi.org/10.34628/gp7b-es79
Europe at the crossroads of the COVID-19 crisis: integrated macroeconomic policy solutions for an asymmetric area
Abstract:
The economic crisis triggered by the COVID–19 pandemic once again raises doubts about the eurozone’s ability to deal with joint economic problems given its dissimilar dynamics and asymmetries. Europe at the crossroads of the COVID-19 crisis: integrated macroeconomic policy solutions for an asymmetric area contributes to a paradigm shift in the governance of the euro area towards a more comprehensive and integrated approach. Two dimensions of this paradigm are considered. First, the need for a change in the economic policy concerning the recovery, from a supply-push to a demand-pull orientation, supported on a fiscal and monetary policy mix, integrated within a comprehensive macroeconomic approach. Second, we examine the need for a shift in external relations towards a more global integration-oriented policy, with the euro area positioning itself as an alternative to the current polarization between the United States and China. Our conclusions point to: (i) giving priority to growth and employment; (ii) promoting long-term economic sustainability based on integrated macroeconomic policies, the reduction of income concentration, and the reconstitution of strong middle classes; (iii) reorientating international relations into a perspective of cooperation; (iv) reinforcing regulation and global governance; and (v) eliminating exceptional situations and ways to evade economic controls.
Quotation:
“Mendonça, A. and Vale, S. (forthcoming). “Europe at the crossroads of the COVID-19 crisis: integrated macroeconomic policy solutions for an asymmetric area”, (co-autoria com Vale, S.), in New challenges for Eurozone Governance: Are there joint solutions for common threats? (Edit. José Caetano, Isabel Vieira, and António Caleiro), London: Springer. ISBN-10:3030623718″
As (im) pertinências do método. Metodologia participativa e o estudo sobre a Afrodescendência em Portugal
Abstract:
The announcement of the Decade of African Descendants (2015-2024) by the UN, drew attention to the presence of African descendants in Europe, including in Portugal, as part of the contemporary social configuration of the continent. However, the focus on these people has been sustained, above all, in theories and representations of subalternity and exclusion that do not recognize them as new political subjects in a Europe that is no longer black and white. These politically hybrid subjects, in the historical and cultural sense, bring theoretical-epistemological and methodological challenges to the social sciences, since their visions, paradigms and ways of living escape the traditional lenses of the approaches that associate them with immigrants or refugees. We propose that in approaching the subject of Afrodescendence, method is central and determinant of the outcomes, ethical function and meaning of social research on emerging contemporary subjects. We argue in favour of participatory methodology, reflecting on its pertinence in a context where the people in the researched situation are critical subjects in their fields of intervention/action who reject being reduced to mere objects of study. We analyse the processes of negotiation in the field concluding on the contribution of this project to the dialogue between academics and the afrodescendant collectives. As (im)pertinências do método. Metodologia participativa e o estudo sobre a Afrodescendência em Portugal is inserted in the debate on the democratization of knowledge, sustained, in particular, by critical perspectives that are based on studies on emerging contemporary subjects.
Quotation:
Évora, Iolanda. “As (im)pertinências do método. Metodologia participativa e o estudo sobre a Afrodescendência em Portugal”, In: Yao, Jean-Arséne, Victorien Lavou Zoungbo et Luis Mancha San Esteban, eds. Forthcoming. Representations collectives croisées: Afriques, Amériques et Caraibes. Xix-xxi siècles. III GRELAT. Actas do Colóquio. Madrid: UAH Editora, 167-176. ISBN:978-84-18254-12-3.
The Routledge Handbook of EU-Africa Relations
Abstract:
This handbook provides a comprehensive overview of the changing dynamics in the relationship between the African continent and the EU, provided by leading experts in the field. Structured into five parts, the book provides an incisive look at the past, present and potential futures of EU-Africa relations. The cutting-edge chapters cover themes like multilateralism, development assistance, institutions, gender equality and science and technology, among others. Thoroughly researched, this book provides original reflections from a diversity of conceptual and theoretical perspectives, from experts in Africa, Europe and beyond. The handbook thus offers rich and comprehensive analyses of contemporary global politics as manifested in Africa and Europe. This handbook will be an essential reference for scholars, students, researchers, policy makers and practitioners interested and working in a range of fields within the (sub)disciplines of African and EU studies, European politics and international studies. The Routledge Handbook of EU-Africa Relations, by Luís Mah (researcher for the Centre for African and Development Studies), Nial Duggan and Toni Haastrup is part of the mini-series Europe in the World Handbooks examining EU-regional relations and established by Professor Wei Shen.
Quotation:
Mah, Luís, Duggan, Nial & Haastrup, Toni (2021). The Routledge Handbook of EU-Africa Relations. Routledge. ISBN 9781315170916.
The Value of Information: The Impact of European Union Bank Stress Tests on Stock Markets
Abstract:
In The Value of Information: The Impact of European Union Banks Stress Tests on Stock Markets we tested whether the 2010, 2011 and 2014 European Union bank stress tests produced useful and real information to the market. Using an augmented capital asset pricing model, we analyzed the impact of the information disclosures on each stress test (announcement, methodology and results events) on the stock market returns and risk of banks. Our approach allows an integrated analysis, as a sample of 41 banks that participated in all three stress tests was used. The most significant event was the methodology disclosure, in terms of its impact on risk and returns. In contrast, the results events did not have much impact in the stock market when considering the entire sample of banks. On the other hand, after dividing the sample of banks into two groups (those that passed the 2014 European Union stress test vs. those that failed), we observed a significant reaction of the stock markets in both groups. These findings are consistent with the hypothesis that stress tests provide real and valuable information to the markets about the banking system. A significant part of that information is conveyed by announcement and methodology events
Quotation:
“Borges, M. R., Mendes, J. Z. and Pereira, A. (2019). “The Value of Information: The Impact of European Union Banks Stress Tests on Stock Markets”. International Advances in Economic Research, 25, 429-444. https://doi.org/10.1007/s11294-019-09760-5“
Perspective piece on “Transfers in an Aging European Union” by Fanny A. Kluge, Joshua R. Goldstein and Tobias C. Vogt
Abstract:
The growth in the longevity of Europe’s population is a consequence of developments in various fields, including medicine, nutrition and welfare policies, and reflects overall progress in well-being, human development and quality of life. However, as the continued improvement in life expectancy has been accompanied by a decline in fertility rates, which migration is not sufficient to compensate for, it has resulted in a growing ageing population, which raises critical societal challenges. Several articles presented in this journal explore the short and long-term effects of population ageing in the EU and in each of its member countries. The article written by Fanny Kluge, Joshua Goldstein and Tobias Vogt, Transfers in an ageing European Union, (hereafter “KGV”) contributes to understanding the effects of population ageing on the fiscal budgets of EU-28 countries and “its implications for potential transfer flows between EU countries”. The results of “KGV” open several avenues for further research. Elsa Fontainha comments on the work of Fanny A. Kluge, Joshua R. Goldstein and Tobias C. Vogt on population transfers in the European Union.
Quotation:
Fontainha, E. (2019). Perspective piece on “Transfers in an Ageing European Union” by Fanny A. Kluge, Joshua R. Goldstein and Tobias C. Vogt. Journal of the Economics of Ageing, 13, 55-55. https://doi.org/10.1016/j.jeoa.2018.10.006
A Caminho de uma Recaída da Economia Mundial? Ainda Algumas Notas sobre a Natureza da Crise Económica e Financeira de 2008-2009 e os seus Impactos na Economia Europeia
Abstract:
Based on the analysis of the latest data on the evolution of the world economy, the reasons that may underlie the persistence of the difficulties in recovering, in a sustained manner, the rates of growth, particularly in the euro zone, more than a decade after the outbreak of the crisis of 2008-2009, are discussed. The nature of this global economic crisis is discussed in A caminho de uma recaída da economia mundial? : Ainda algumas notas sobre a natureza mundial? : Ainda algumas notas sobre a natureza da crise económica e financeira de 2008-2009 e os seus impactos na economia europeia, its impacts at the European regional level, the emergence of what has been called an identity crisis of the European integration project, the inefficiency of the euro system as an adjustment mechanism, internal and external, and the role of unconventional monetary policy. The conclusion is that Europe needs to undertake a profound redefinition of its integration project, including the redesign of the euro system in light of the recent experience of unconventional monetary policy. In this process, it is considered that there is an important place for Portugal, as an Atlantic European country, whose identity was formed and consolidated in the process of constitution of the global economy.
Quotation:
Mendonça, António .2019. A caminho de uma recaída da economia mundial?: Ainda algumas notas sobre a natureza mundial?: Ainda algumas notas sobre a natureza da crise económica e financeira de 2008-2009 e os seus impactos na economia europeia”, Lusíada – Economia & Empresa, nº 26, p. 31-66
Futuro(s) da Cooperação: Continuidades e rupturas
Abstract:
At a time when a new strategy for Portuguese Cooperation is being defined and profound changes are taking place at the global level, ACEP and CEsA have decided to mark their years of experience in the sector with a document that is intended as a contribution towards evaluating the path of Portuguese Cooperation policy and setting the course for possible futures. In Futuro(s) da Cooperação: Continuidades e Rupturas, in addition to our vision and questions about the policies of Portuguese and European cooperation and the role of civil society, we have also included other voices of partners and specialists, particularly from Africa, which run through the whole document and give it a more plural, multidisciplinary and multi-geographic character. This document was prepared by the ACEP team, within the framework of an advocacy and political influence project, developed in partnership with CEsA (CSG/ISEG/ULisboa), with the support of Camões – Instituto da Cooperação e da Língua. Alongside the rescue of principles and values – in speech and in practice – a serious and uncomplicated discussion must be started on power relations and the ‘delocalisation of aid’, laid bare by the pandemic crisis. This debate, already on the agenda in countries like the United Kingdom, is still absent in Portuguese Cooperation. An approach to the localisation of cooperation as a process of autonomisation implies a process logic, without a fixed time, in which non-financial resources are valued, which allows for a subjective space/time for growth and which lasts beyond this or that funding or project.
Quotation:
Oliveira, A. F., Proença, F., Cavaco, R. (2021). Futuro(s) da Cooperação: Continuidades e rupturas. Lisboa: ACEP e CEsA.
A Rede Cáritas em Portugal e a Resposta à Covid-19
Resumo:
A Rede Cáritas em Portugal e a Resposta à Covid-19 analyzes the importance of the social action of the Cáritas Network in Portugal in an unexpected and health emergency context, by documenting the organization’s response to the Covid-19 pandemic. An analysis is made of the continuity actions, but also of the innovations that emerged during the first year of the pandemic. With a presence that covers all the districts of Mainland Portugal and Islands, the Cáritas Network in Portugal developed, for the first time, a National Program of direct support to families in the form of goods and food stamps, as well as occasional and urgent financial support intended for payment of basic needs such as rent, health and electricity expenses, to a considerable number of beneficiaries (10,444 people, 3,205 families). The study shows that the Cáritas Network in Portugal was able to continue the food support activities and occasional support that it was already developing, given a greater demand from families: 60% of people who sought support from Cáritas in this period had never resorted to this kind of help.
Citação:
Pais Bernardo, Luís, Ana Luísa Silva, Renata Vieira de Assis e Luís Mah (Coord.). 2021. “A Rede Cáritas em Portugal e a Resposta à Covid-19”. Estudo Cáritas / CEsA-ISEG. Lisboa: Cáritas Portuguesa. Agosto.
