{"title":"Evaluating ensemble learning techniques for stock index trend prediction: a case of China","authors":"Xiaolu Wei, Yubo Tian, Na Li, Huanxin Peng","doi":"10.1007/s10258-023-00246-1","DOIUrl":"https://doi.org/10.1007/s10258-023-00246-1","url":null,"abstract":"","PeriodicalId":45031,"journal":{"name":"Portuguese Economic Journal","volume":"30 11","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138957289","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Normal-beta exponential stochastic frontier model: Maximum simulated likelihood approach","authors":"Misgan Desale Nigusie","doi":"10.1007/s10258-023-00247-0","DOIUrl":"https://doi.org/10.1007/s10258-023-00247-0","url":null,"abstract":"<p>This paper considers the beta exponential distribution as a distribution function of inefficacy score in a stochastic frontier model. The beta exponential distribution is a three-parameter distribution, and it is more flexible than commonly used probability density functions in a stochastic frontier model (SFM). This new model, a “Normal-Beta Exponential SFM”, nests another five SFMs. This paper presents a simulated log-likelihood function and simulated inefficiency estimator of a normal-beta exponential SFM, a closed form log-likelihood function and closed form inefficiency estimator of a normal-weighted exponential SFM, and an empirical study using a normal-beta exponential SFM. In our empirical study, we have used a likelihood ratio test to compare the performance of SFMs and a normal-beta exponential SFM fits the data better than other nested special case SFMs. Furthermore, the empirical result shows that parameters of a normal-beta exponential SFM can be estimated with less standard error or high certainty than a normal-gamma SFM.</p>","PeriodicalId":45031,"journal":{"name":"Portuguese Economic Journal","volume":"101 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138715212","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Income redistribution and carbon emissions in Portugal","authors":"Sulhi Ridzuan","doi":"10.1007/s10258-023-00244-3","DOIUrl":"https://doi.org/10.1007/s10258-023-00244-3","url":null,"abstract":"<p>Portugal’s income tax system is very progressive and has a greater redistributive effect than the European Union average. This progressive income redistribution, however, comes at a cost to the environment. This note finds that—using Portuguese time series data over the period 1970–2018—income redistribution increases carbon dioxide emissions in the long run. This is consistent with the theoretical literature, which suggests that redistributing income increases consumption among the bottom class group (and thereby emissions). We propose some policy recommendations to help policymakers find a balance between social equity and climate goals. In addition, this note also shows that the most common proxy of income redistribution used in the empirical literature may be inappropriate and lead to false conclusions.</p>","PeriodicalId":45031,"journal":{"name":"Portuguese Economic Journal","volume":"52 3","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138515271","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The impact of Petrobras spending on economic cycles by the lengths of its multipliers computed from non-linear model","authors":"Edmundo Inacio, Cassio Garcia Ribeiro, Carolina Troncoso Baltar, Rosangela Ballini, Yanchao Li","doi":"10.1007/s10258-023-00241-6","DOIUrl":"https://doi.org/10.1007/s10258-023-00241-6","url":null,"abstract":"","PeriodicalId":45031,"journal":{"name":"Portuguese Economic Journal","volume":"184 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136113638","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Oluwatomisin J. Oyewole, Damilola M. Ibidun, Mamdouh Abdulaziz Saleh Al-Faryan
{"title":"Trade shocks and real effective exchange rates dynamics in Nigeria","authors":"Oluwatomisin J. Oyewole, Damilola M. Ibidun, Mamdouh Abdulaziz Saleh Al-Faryan","doi":"10.1007/s10258-023-00240-7","DOIUrl":"https://doi.org/10.1007/s10258-023-00240-7","url":null,"abstract":"","PeriodicalId":45031,"journal":{"name":"Portuguese Economic Journal","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135833326","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Avoiding the Dutch Disease in tourism-led economies: reconciling tourism development and sectoral diversification","authors":"Federico Inchausti-Sintes","doi":"10.1007/s10258-023-00243-4","DOIUrl":"https://doi.org/10.1007/s10258-023-00243-4","url":null,"abstract":"Abstract Although tourism has produced long-term growth and progress, the economic consequences of this economic specialisation, which is summarised by the paradoxical effect known as the Dutch Disease, alongside the worst financial performance in tourism-led economies as a result of the COVID-19 pandemic, indicate the need for diversification in such economies. Previous research has overwhelmingly shown that tourism development results in decreases in traditional exports, overdevelopment of services and marginalises the weight of industry in the economy. Using a theoretical dynamic general equilibrium model, this article demonstrates that the Dutch Disease can be avoided in tourism-led economies, precisely owing to tourism specialisation, and non-tourism development is possible. More importantly, non-tourism development can be achieved by simultaneously enhancing the quality of tourism-based activities to increase international competitiveness.","PeriodicalId":45031,"journal":{"name":"Portuguese Economic Journal","volume":"230 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135344256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Time and frequency volatility spillovers among commodities: Evidence from pre and during the Russia-Ukraine war","authors":"Yunfei Chen, Wei Jiang","doi":"10.1007/s10258-023-00242-5","DOIUrl":"https://doi.org/10.1007/s10258-023-00242-5","url":null,"abstract":"","PeriodicalId":45031,"journal":{"name":"Portuguese Economic Journal","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136155665","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Climate change’s impact on commodity prices: a new challenge for monetary policy","authors":"Jamilu Iliyasu, A. R. Sanusi","doi":"10.1007/s10258-023-00237-2","DOIUrl":"https://doi.org/10.1007/s10258-023-00237-2","url":null,"abstract":"","PeriodicalId":45031,"journal":{"name":"Portuguese Economic Journal","volume":" ","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48093923","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The time-varying impacts of global economic policy uncertainty on macroeconomic activity in a small open economy: the case of Turkey","authors":"M. Daştan, Kerem Karabulut, Ömer Yalçinkaya","doi":"10.1007/s10258-023-00239-0","DOIUrl":"https://doi.org/10.1007/s10258-023-00239-0","url":null,"abstract":"","PeriodicalId":45031,"journal":{"name":"Portuguese Economic Journal","volume":"1 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41470983","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Producer service industry agglomeration and eco-efficiency of tourism enterprises: theoretical mechanism and empirical test","authors":"Ruidai Tang","doi":"10.1007/s10258-023-00235-4","DOIUrl":"https://doi.org/10.1007/s10258-023-00235-4","url":null,"abstract":"","PeriodicalId":45031,"journal":{"name":"Portuguese Economic Journal","volume":"1 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52199628","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}