Growth
Tourism Competitiveness in Cape Verde: The case of Tarrafal/Santiago
Abstract:
The study of competitiveness has been constantly gaining importance in recent decades. Cape Verde Government elected Tarrafal as a development hub of tourism competitiveness. Since the empirical validation of competitiveness Cape Verde is still shortfall, so the current research aims to analyze the determinants of competitive advantage of tourism in Tarrafal. To achieve this goal, it was adopted a qualitative methodology based on a sample of the major 136 key players in the tourism area and the creation of four working groups during Tarrafal Technical Days (1 and 2 July 2022) to better discuss these issues. The discussion of the nal conclusions from each working group, allowed to systematize some major development alternatives to Tarrafal as a strategic tourism hub. Major implications for managers were also presented, such as the importance to develop and reinforce cultural traditions, reinforce entrepreneurship in order to maximize the tourism chain value through the implementation of better infrastructures (better roads, a maritime port as well as an aerodrome), diversify the tourist o er based on di erent segments (culture, nature, sports, events, remote working among others) and bene t other regions and municipalities around the county.
Quotation:
Sarmento, Eduardo Moraes e José Luís Mascarenhas Monteiro (2023). ” Tourism competitiveness in Cape Verde : the case of Tarrafal/Santiago”. Revista Turismo & Desenvolvimento, 42:117-132
The primacy of accommodation in the Brazilian economy
Abstract:
The capitalist world-economy is immersed in a generalized inertia. A movement of slow accumulation, low investment, limited growth rates, but with a high level of profit, and which takes place through intense pressure on existing levels of inequality, combining a global restructuring of wealth and income generation with a reproduction of the workforce in terms of its limited maintenance. Inertia that can be seen, mainly, from the productive-financial crisis of the first decade of the 2000s. Brazil is not oblivious to this inertia and its consequences. This article intends, from a conceptual reflection, to discuss the elements that characterize what I call the accommodation structure of the Brazilian economy.
Quotation:
Moreira, Marcelo José (2021). “A primazia pela acomodação da economia brasileira”. Revista de Economia da UEG. 17(2), p. 44-65
The Effects of Corruption, Renewable Energy, Trade and CO2 Emissions
Abstract:
Corruption reflects a set of illegal activities that jeopardize the smooth functioning of economies, society, and climate and environmental issues. The Effects of Corruption, Renewable Energy, Trade and CO2 Emissions tests the relationships between economic growth, corruption, renewable energies, international trade, and carbon dioxide emissions using panel data for European countries, namely Portugal, Spain, Italy, Ireland, and Greece, from 1995–2015. As an econometric strategy, this research uses the panel fully modified least squares (FMOLS), panel dynamic least squares (DOLS), and panel two-stage least squares estimator (TSLS). Considering the variables utilized in the research and the panel unit root test, we observed that the variables are integrated I (1) in the first difference. The variables of corruption, economic growth, renewable energies, international trade, and carbon dioxide emissions are cointegrated in the long run, using the Pedroni and Kao residual cointegration test arguments. The methodology of Dumitrescu–Hurlin to test the causality between carbon dioxide emissions, corruption, economic growth, and renewable energy shows that there is unidirectional causality between carbon dioxide emissions and corruption and economic growth and corruption. The results suggest that the corruption index and economic growth have a statistically significant positive impact on carbon dioxide emissions. However, renewable energies and international trade reduce climate change and improve the environmental quality.
Quotation:
Leitão, N.C. (2021b). The Effects of Corruption, Renewable Energy, Trade and CO2 Emissions (MDPI) 2021, 9 (2), 62. https://doi.org/10.3390/economies9020062
Fresh Validation of the Low Carbon Development Hypothesis under the EKC Scheme in Portugal, Italy, Greece and Spain
Abstract:
Fresh Validation of the Low Carbon Development Hypothesis under the EKC Scheme in Portugal, Italy, Greece and Spain is in line with the United Nations Sustainable Development Goals (UN-SDGs) that address pertinent global issues. This study focuses on the need for access to clean and affordable energy consumption, responsible energy consumption, sustainable economic growth, and climate change mitigation. To this end, this paper evaluates the relevance of the renewable energy sector on the environmental Kuznets curve (EKC) framework in Portugal, Italy, Greece, and Spain for the period 1995–2015. As an econometric strategy, we adopt the use of panel data over the highlighted countries. In the first step, we apply the unit root test recommended by Levin, Lin, and Chu in conjunction with ADF-Fisher, and Phillips-Perron for robustness and consistency. We found that the variables used in this study are integrated I (1) in the first difference. In the second step, we apply the Pedroni cointegration test, and Kao Residual cointegration test, and we observe that the variables are cointegrated in the long run. The generalized least squares (GLS), the panel fully modified least squares (FMOLS), ordinary least squares robust (OLS), and panel quantile regression are considered in this research. The econometric results validate the assumption of the environmental Kuznets curve, i.e., and there is a positive correlation between income per capita and a negative effect of squared income per capita on carbon dioxide emissions. In contrast, we observe that renewable energy reduces CO2 emissions. Finally, we also find a direct connection between the urban population and the environmental degradation in the examined blocs. These results show that in Portugal, Italy, Greece, and Spain, more is required to achieve environmental sustainability in the respective countries growth trajectory. Further policy prescriptions are appended in the concluding section of this study.
Quotation:
Balsalobre-Lorente, D., Leitão, N.C., Bekun, F., V. (2021). Fresh Validation of the Low Carbon Development Hypothesis under EKC Scheme in Portugal, Italy, Greece, and Spain. Energies 2021. 14(1), 250. https://doi.org/10.3390/en14010250
The Impact of Renewable Energy and Economic Complexity on Carbon Emissions in BRICS Countries under the EKC Scheme
Abstract:
Economic complexity makes it possible to assess the development of the countries, the relations of innovation, and the differentiation of products. The Impact of Renewable Energy and Economic Complexity on Carbon Emissions in BRICS Countries under the EKC Scheme considers the links between the hypotheses of the Kuznets environmental curve and economic complexity using panel data for the group of BRICS countries (Brazil, Russia, India, China, and South Africa) from 1990 to 2015. As an econometric strategy, this study considered the panel fully modified least squares (FMOLS), panel dynamic least squares (DOLS), fixed effects (FE), and Panel Quantile Regression. The empirical results showed that economic complexity, income per capita, renewable energy, and carbon dioxide emissions are integrated with the first difference when applying the unit root test. The arguments of Pedroni and Kao cointegration tests were also used. According to these results, the variables used in this research are cointegrated in the long run. The results validated the arguments of the EKC hypothesis, i.e., the income per capita and squared income per capita are positively and negatively correlated with CO2 emissions. Moreover, economic complexity and renewable energy aim to improve environmental damage and climate change.
Quotation:
Leitão, N.C., Balsalobre-Lorente, D., Cantos-Cantos, J.M. The Impact of Renewable Energy and Economic Complexity on Carbon Emissions in BRICS Countries under the EKC Scheme. Energies 2021, 14, 4908. https://doi.org/10.3390/en14164908
Acerca da Repartição Funcional do Rendimento na Economia Portuguesa
Abstract:
The functional division of income – that is, the question of its primary distribution across the different factors of production and, in particular, between labour income (wages) and capital income (profits, interest and rents) – has been a major theme in political economy since its early days. Acerca da repartição funcional do rendimento na economia Portuguesa empirically analyses the evolution of the wage share in income in Portugal between 1960 and 2017, proposing a grid for interpreting the evolution of the functional distribution in the Portuguese economy characterised by the existence of different periods. Depending on the period in question, the empirical results reveal the existence of strong and significant associations between the evolution of the functional distribution and the real GDP growth rate, the inflation rate and the unemployment rate, respectively. These results suggest the succession over time of different regimes regulating the functional distribution of income in the Portuguese economy, which shift from countercyclical to procyclical over the period under review. The article is organised as follows: after this introduction, section 2 briefly discusses the interest of functional income distribution analysis and its linkages with some other debates in economic theory and analysis; section 3 outlines the evolution of the functional distribution of income in the Portuguese economy in the decades since 1960 and its main trends over time; section 4 carries out a set of bivariate, multivariate and structural stability analyses in order to contribute to a better understanding of the determinants of such evolution; and section 5 concludes.
Quotation:
Abreu, Alexandre; July 2020; 3) “Acerca da repartição funcional do rendimento na economia portuguesa”; Notas Económicas, no. 50; 8) pp. 85-101.
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”
The Causality between Energy Consumption, Urban Population, Carbon Dioxide Emissions and Economic Growth.
Abstract:
This article assesses the relationship between electricity consumption and urbanisation by comparing the econometric results of distributed autoregressive lag (ARDL) and vector autoregressive lag (VAR) for the period 1960-2015. Granger causality is also applied to the Portuguese economy. In this study, we use some hypotheses that describe the link between electricity consumption, urban population, carbon dioxide emissions, and economic growth. The motivation of this research focuses on the relationship between electricity consumption (energy consumption) and urban population, supported by the theoretical and empirical contributions of energy and urban economics. The empirical results show that electricity consumption exhibits causality with economic growth, urban population, carbon dioxide emissions, and international trade. This research also proves that there is cointegration among all variables in the long run. Authored by Nuno Carlos Leitão e Daniel Balslobre-Lorente, this chapter (nº5) is part of the book “Econometrics of Green Energy Handbook”, which shares essential insights into the dynamic between energy innovations, environmental guidelines, and economic development, demonstrates how globalization has led to the development of greener energy technologies, paints a global picture using case studies on energy innovation in numerous countries and discusses both technological and policy aspects of green energy development.
Quotation:
Leitão, N.C. & Lorente, D. B. (2020): The Causality between Energy Consumption, Urban Population, Carbon Dioxide Emissions and Economic Growth. Springer Handbook Green Energy Series: Econometry of Green Energy- Economy and Technological and Development. Publisher: Springer.
Working Paper 172/2018: Growth and Debt in Angola at Provincial Level
Abstract:
The relationship between growth and debt has attracted some research in past,(Eberhardt and Presbitero, 2015, Panizza and Presbitero, 2014, Kourtellos et al., 2013; Checherita-Westphal and Rother, 2012). This hypothesis has been tested for development countries and evidence from Africa countries restricted (Mistry, 1991; Ussain and Gunter, 2005; Mohamed, 2013; Owusu-Nantwi and Erickson, 2016). Reinhart and Rogoff (2010) find that growth rates fall in advanced and emerging market economies when the public debt-to-GDP ratio exceeds 90 percent and that high debt levels are correlated with higher inflation only in emerging markets. The Weak Government Hypothesis states that government fragmentation leads to higher public deficits and debt. This relation can be explained by government inaction, common pool problems or the strategic use of debt that arise in coalition governments (Ashworth, Geys and Heyndels, 2005). Therefore, this paper analyzes the relationship between debt and growth in Angola provinces from 2004-2015, using a spatial model. The spatial model is adequate in the present context as the focus are at regional level (Zhao, Tong and Qiao, 2002; chakravorty, 2003; Haddad, 2008; Barros, Faria and Araujo Jr., 2014) The SAC- Spatial autocorrelation model is adequate when the spatial autocorrelation is intense as it is in Angola context. The motivation for Growth and debt in Angola at provincial level is the following, first, growth at regional level is usually lower than at national level, revealing heterogeneity among Angola provinces that justifies the investigation between growth and debt. Second, regional public expenditure is taken into account since it is a component of the growth and debt. Third, regional public debt is not published in Angola and the access to it needs a ministry of finance accordance. This restricted access signifies that it is a political issue and therefore it may hide some political issues. Therefore, the use of it in and growth debt paper is curious. Additional, the Angola regional provinces are managed by MPLA- Movimento popular de Libertação de Angola members, the incumbent government, signifying that there is a centrality of power that increases the regional spatial correlation. This paper analyses GDP growth and public debt at the provincial level in Angola from 2004-2015, using a spatial model. First a SAC -Spatial autocorrelation model panel is estimated. Later, a robust test is adopted estimating the Hans-Philips linear spatial dynamic model. Finally, a spatial 3sls model is estimated taking into account the possibility endogeneity of regional spatial autocorrelation. The three models give similar results revealing that in Angola public expenditure increase GDP growth but debt decrease it.
Quotation:
Reis, César Fernando e Jelson Serafim (2018). “Growth and debt in Angola at provincial level”. Instituto Superior de Economia e Gestão – CEsA/ CSG –Documentos de Trabalho nº 172/2018.
Working Paper 162/2017: Is the Logistics Sector in China Still a Constraint to Supplying its Domestic Market?
Abstract:
China is a market ripe with opportunities for those who dare challenge its vastness; its alluring promise of an outstanding growth possibility thanks to its immense and growing internal market presents itself to companies as a place of both enormous challenges but also of potentially great rewards. The logistics sector is considered to be one essential vector of competitiveness for the development of consumer market supply. Logistics plays a tremendously important role in a company’s activity. Poor logistics can lead to lost opportunities and unsatisfied customers, among other things, while having a good logistics system in place might work as a source of competitive advantage. In Is the Logistics Sector in China Still a Constraint to Supplying its Domestic Market? we continue the Ilhéu (2006) research that concluded that the Chinese logistics and distribution system was one of the myriad problems Portuguese companies encountered when trying to establish a presence in China; poor infrastructure and a generalized lack of value-added services in Chinese logistics companies were some of the widespread problems faced. The highly fragmented nature of the current Chinese market, high road tolls or uneven taxes between provinces, all contribute to the maintenance of an inefficient system that imposes a disproportionately high cost of logistics in the country. A new era for logistics is being ushered in by China since competitiveness and e-commerce requires the modernization of infrastructures as a global mindset management. Some research questions then arise: are Chinese logistics still a burden to the efficiency of Chinese domestic market? How has the Chinese logistical sector progressed in the last eleven years? Is the lack of value-added services still perceived by foreign companies as a constraint to entering the Chinese market?
Quotation:
Ilhéu, Fernanda e Gonçalo Simões (2017). “Is the Logistics Sector in China Still a Constraint to Supplying its Domestic Market?”. Instituto Superior de Economia e Gestão – CEsA/ CSG – Documentos de Trabalho nº 162/2017
