International trade in services: firm-level evidence for Portugal

Amador, João; Cabral, Sónia; Ringstad, Birgitte

doi:10.1007/s10258-019-00161-4

Cited by 8 publications

(7 citation statements)

References 14 publications

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“…Being an exporter also greatly increases the chances of becoming an importer. This is consistent with what is documented in Amador et al (2019) that export firms are frequently "two-way traders", i.e., both export and import a non-trivial amount of their sales and consumed inputs, respectively, and that such two-way traders are typically larger, older, more productive and more profitable relative to the average firm.…”

Section: Effects On the Intensive And Extensive Marginssupporting

confidence: 90%

Globalization and Firm Performance

et al. 2023

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Section: Effects On the Intensive And Extensive Marginssupporting

confidence: 90%

Globalization and Firm Performance

et al. 2023

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“…‘Transportation’ and ‘machinery and electrical equipment’ also rose. The export capacity in machinery and transport equipment was largely driven by FDI in the automobile sector (Amador and Cabral 2008; Cabral 2004). In 1995 Ford and Volkswagen opened the automotive assembly plant AutoEuropa in Setúbal outside Lisbon.…”

Section: The Case Of Portugalmentioning

confidence: 99%

Product specialisation, global competition, and industrial decline: Portugal’s path to crisis

Stadheim

2023

Competition & Change

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A widely held view in economics and comparative capitalism states that the crisis in the eurozone was a crisis of labour cost competitiveness. This view maintains that a divergence in unit labour costs engendered a cleavage between the euro area’s core and periphery. Critics have disputed this and drawn attention to export specialisation, along with global competition, rather than intra-European competition. To make progress on this agenda, this article focuses on structures of production as a source of crisis vulnerability. It advances the notion that countries have unique forms of articulation within global capitalism, and that this matters to understanding national crisis trajectories. Focussing on the Portuguese case, the article scrutinises the interactions between export specialisation, global competition and industrial decline. The article shows that Portugal’s current account deficit developed within a context of industrial change and deindustrialisation, which was facilitated competition from China and Eastern Europe. By stressing industrial patterns and global competition, the article provides a more concrete analysis of production than most accounts of the eurozone crisis.

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“…These disruptions can result in a temporary supply shortage and a rapid price increase. Increased electricity flow, facilitated by an efficient transmission system, can lead to more stable day-ahead electricity prices, thereby reducing market volatility [2].…”

Section: Introductionmentioning

confidence: 99%

Quantifying the Impact of Risk on Market Volatility and Price: Evidence from the Wholesale Electricity Market in Portugal

Entezari,

Fuinhas

2024

Sustainability

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This research aims to identify suitable procedures for determining the size of risks to predict the tendency of electricity prices to return to their historical average or mean over time. The goal is to quantify the sensitivity of electricity prices to different types of shocks to mitigate price volatility risks that affect Portugal’s energy market. Hourly data from the beginning of January 2016 to December 2021 were used for the analysis. The symmetric and asymmetric GARCH model volatility, as a function of past information, help to eliminate excessive peaks in data fluctuations. The asymmetric model includes additional parameters to separately obtain the impact of positive and negative shocks on volatility. The MSGARCH model is estimated to be in two states, allowing for transitions between low- and high-volatility states. This approach effectively represents the significant impact of shocks in a high-volatility state, indicating an acknowledgment of the lasting effects of extreme events on financial markets. Furthermore, the MSGARCH model is designed to obtain the persistence of shocks during periods of elevated volatility. Accurate price forecasting aids power producers in anticipating potential price trends and allows them to adjust their operations by considering the overall stability and efficiency of the electricity market.

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International trade in services: firm-level evidence for Portugal

Cited by 8 publications

References 14 publications

Globalization and Firm Performance

Globalization and Firm Performance

Product specialisation, global competition, and industrial decline: Portugal’s path to crisis

Quantifying the Impact of Risk on Market Volatility and Price: Evidence from the Wholesale Electricity Market in Portugal

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