CETE - Centro de Estudos de Economia Industrial, do Trabalho e da Empresa Reserch Centre on Industrial, Labour and Managerial Economics
Faculdade de Economia do Porto
ANNUAL ACTIVITY REPORT, 2002
FOREWORD
During the year of 2002 the Research Centre has primarily focused on the improvement of collaboration with external researchers through participation in conferences and in common research projects. A higher number of papers and reports, namely publications in scientific journals, have been produced in co-operation with foreign researchers. Post-graduate training was defined as another major activity, with important funding support of FCT for the purpose of inviting prominent visiting professors. The collaboration with visiting professors is very important not only for the teaching of advanced microeconomics of the Doctoral program, but also for the supervision of post-graduate students and the co-operation with CETE’s members in scientific domains. Important progress in this domain was obtained due to a longer period of visit of Prof. Jean Gabszewicz.
CETE is committed with the development of cooperation in scientific research and advanced training, particularly within the framework of a joint venture between institutions from northern Portugal and Galicia. CETE participates via the Faculty of Economics.
Concerning facilities and infrastructures, the Datastream (a database on financial and accounting) has been available to all members. The Department of Statistics of the Ministry of Labour (DETEFP) is currently sending information about statistical products such as “Boletim de Estatística”, “Sínteses ao inquérito dos salários por
profissões na construção civil e obras públicas”, “Inquérito ao emprego estruturado”, “Balanço social”, and “Síntese das greves”. During 2002 it was not possible to
implement a local full access to the database Quadros de Pessoal, but negotiations will pursuit.
By the end of 2001 and beginning of 2002, CETE applied for the financing of new computer facilities, joining a consortium composed of CETE, CEMPRE and NIAAD, a sub-group of LIACC at the University of Porto, in the context of the Concurso Nacional
de Reequipamento Científico promoted by FCT. If the Computational Economics and Finance (CEF) Laboratory is developed, CETE is particularly committed to agricultural data projects and labour market projects requiring the management of large databases. During 2002, CETE has not been informed about further developments of this public contest.
CETE participated in the discussion of the project for a new building to host the FEP’s research centres. Putting researchers together will certainly improve research conditions. According to information of the UP, the new building is expected to be finished in 2004.
In 2002, particular attention has been paid to the debate of internal organization and improvement of research conditions. In this sense the Statutes of CETE have been approved in the General Assembly of 5 April 2002. The counseling of the unit has
beneficiated from the comments and suggestions of Prof. Jean Gabszewicz. Among other things, Prof. Gabszewicz insisted on implementing or improving a series of discussion papers and a program of seminars that should include the discussion of the work of doctoral students. Co-operation with other universities, namely Portuguese and Spanish, should be developed. Collective membership in international academic organizations is encouraged. The external visibility of the center is another critical point that should be improved.
The unit prepared a report of activity covering the years 1999-2001 and the planning for 2002-2004 to submit for FCT evaluation.
MEMBERSHIP AND ORGANISATION
Membership did changed in 2002. New members, José António Cardoso Moreira and Nuno Alexandre Bastos Moutinho have been invited to join CETE. Alberto Castro left in January 2002 to create a new research unit at the Catholic University.
António Osório could not participate in the unit activities in 2001, due to public office position.
Kevin S. Neil cooperated with CETE’s researchers.
Margarida Ruivo assured the management of the unit. Help in current administrative tasks is obtained by contracting services to ISFEP.
PROMOTIONS
Into Full Professor (Professor Catedrático)
- António Abílio Garrido BRANDÃO, in July 3 2002 Into Assistant Professor (Professor Auxiliar)
Helder Manuel VALENTE Silva, in February 4th 2002.
PUBLIC CONTESTS Doctoral Dissertations
- Helder Manuel VALENTE Silva
"Estratégias Financeiras em Fusões e Aquisições de Empresas Actuando em Sectores Concorrenciais e em Sectores Sujeitos a Regulação Económica - Um Ensaio no Âmbito do Cruzamento da Economia Industrial e da Teoria Financeira" (Financial strategies in mergers and acquisitions of firms operating in competitive industries and in regulated industries). Thesis defended in 4-2-2002. Supervision of Prof. Aníbal Durães dos Santos (UCP, Portuguese Catholic University) and co-supervision by Prof. António Brandão (CETE).
- José António Cardoso MOREIRA
“Essays in Links between Firm value and Earnings Components under Conservative Accounting”, Lancaster University. Thesis defended in May and recognised by the University of Porto in August 2002.
PUBLICATIONS
Papers in international journals with referees BARBOT, Cristina
“Does Airport Regulation Benefit Consumers?”, International Journal of Transport
Economics, forthcoming, June 2003.
DE MELLO, Maria Margarida; PACK, Alan and SINCLAIR, Thea
"A system of equations model of UK tourism demand in neighbouring countries"
Applied Economics, volume 34, issue 4, March 2002, pp. 509-522.
FARINHA, J.
"Dividend Policy, Corporate Governance and the Managerial Entrenchment Hypothesis: An Empirical Analysis", Journal of Business Finance and Accounting, forthcoming 2003.
LANSINK, Alfons Oude and SILVA, Elvira
"CO2 and Energy Efficiency in the Dutch Glasshouse Industry" Journal of
Environmental and Resource Economics, special issue, Volume 24, no. 4, March 2003.
STEFANOU, Spiro E. and SILVA, Elvira
“Nonparametric Dynamic Production Analysis and the Theory of Cost”, Journal of
Productivity Analysis, volume 19, no. 1, January 2003.
LANSINK, Alfons Oude and SILVA, Elvira
“Non-Parametric Production Analysis of Pesticides Use in the Netherlands”, Journal of
Productivity Analysis, forthcoming 2003.
VAREJÃO, José M.
“Job and worker flows in high adjustment cost”, Portuguese Economic Journal, Forthcoming 2003.
Papers in other journals GONZÁLEZ, Maria do Pilar
“Género e economia: uma abordagem na perspectiva da economia do trabalho” (Gender and Economics: an overview from the perspective of Labour Economics), Ex Aequo, nº 6, January, 2002, pp. 91-116.
MONCEL, Nathalie and RUIVO, Margarida
“L’impact des politiques d’emploi sur la socialisation des ressources des travailleurs dans cinq pays européens”, Sociologia del Lavoro nº 85, 2002, pp.195-206.
Books
BRANDÃO, António, PIMENTA, Carlos and FIGUEIREDO, Octávio
La Stratégie Nationale du Portugal de 1926 à nos Jours (Portugal’s national strategies
from 1926 to the present), Publications du C.E.T.A.I. Centre d’études en administration internationale, École des Hautes Études Commerciales (HEC) – Université de Montréal, Montréal, Canada, 2000, (Portuguese edition: A estratégia nacional de Portugal desde
1926 até aos nossos dias, IDICT- Instituto para o Desenvolvimento e Inspecção das
Condições de Trabalho, 2002).
CASTRO, Alberto; LOPES, Margarida Chagas; SANTOS, Américo Ramos dos; VAREJÃO, José; CARNEIRO, Anabela; FERNANDES, Graça Leão;
Estudo sobre a Mobilidade Sectorial, Profissional e Regional: Tendências Recentes e Perspectivas Futuras (Industrial, Occupational and Regional Mobility: Trends and
Perspectives). Research teams: CETE, CISEP- ISEG and RS - Ramos dos Santos, Consultores Associados, June 2000; Observatório do Emprego e Formação Profissional (OEFP), Colecção Estudos e Análises nº 28, 2002. The report may be downloaded in htttp://oefp.iefp.pt.
FIGUEIREDO, António Manuel (coord.), José VAREJÃO, Maria Clara CORREIA, Maria do Pilar GONZÁLEZ et al.
Avaliação do Impacto da Estratégia Europeia para o Emprego em Portugal. Criação de Emprego e Reconversão do Tecido Empresarial, Ministério da Segurança Social e do
Trabalho, Departamento de Estudos, Prospectiva e Planeamento, Colecção Cogitum nº 3, Lisbon, 2003, 248 p.
Edition of Books
VAREJÃO, José M. (coord.)
A Dinâmica do Emprego na Região do Norte (The Dynamics of Employment in the
Northern Region of Portugal), Ministério das Cidades, Ordenamento do Território e do Ambiente, CCRN – Comissão de Coordenação da Região do Norte, Porto, 2002, 148 p.
Chapters in Books
VAREJÃO, José M.; CASTRO, Alberto
“Operating Hours and Working Time in Europe” in Frank BAUER and Georg SIEGLEN (ed.), Operating Time in Europe, ISO, Koln, 2002
VAREJÃO, José M.; CARNEIRO, Anabela
“Emprego, Desemprego e Mobilidade na Região do Norte” (Employment, Unemployment and Mobility in the Northern Region) in VAREJÃO, José M. (coord.) A
Território e do Ambiente, CCRN – Comissão de Coordenação da Região do Norte, Porto, 2002, pp. 21-82;
VAREJÃO, José M.; CARNEIRO, Anabela
“A Mobilidade do Emprego”, in CASTRO, Alberto et. al, Estudo sobre a Mobilidade
Sectorial, Profissional e Regional: Tendências Recentes e Perspectivas Futuras,
Observatório do Emprego e Formação Profissional (OEFP), Colecção Estudos e Análises nº 28, 2002, pp. 37-56.
PAPERS PRESENTED AT SCIENTIFIC MEETINGS BARBOT, Cristina
“Minimum Quality Standards and Coverage Constraints: The Case of Railway Industry”, X National Meeting on Industrial Organisation, Universidade Nova de Lisboa, January 2002.
BRANDÃO, António and CASTRO, Sofia
“Excess Entry and Strategies of Public Firms” Conference in Honor of Jean Gabszewicz
“From Imperfect Competition to Industrial Organisation”, CORE/Université
Catholique de Louvain-la-Neuve, June 2002.
BRANDÃO, António and CASTRO, Sofia
“Objectives of Public Firms and Entry”, X National Meeting on Industrial
Organisation, Universidade Nova de Lisboa, January 2002.
CARNEIRO, Anabela and Portugal, Pedro
"Workers’ Accessions and Separations and Real Wage Ciclicality", 79th Conference of
Applied Econometrics Association (AEA), Brussels, 28-29 May 2002.
CARNEIRO, Anabela and Portugal, Pedro
"Workers’ Accessions and Separations and Real Wage Ciclicality", 14th Conference of
European Association of Labour Economists (EALE), Paris, 19-21 September 2002.
DE MELLO, Margarida; NELL, Kevin S. and SANTOS, Luis
“Forecasting Tourism Demand for Portugal with Naif and ARDL models”, 22nd
International Symposium on Forecasting, Dublin, June 2002.
DE MELLO, Margarida and NELL, Kevin S.
“The Forecasting Ability of a Cointegrated VAR Demand System”, VIII Encontro de Novos Investigadores em Análise Económica, La Coruña, July 2002.
FARINHA, Jorge
"Dividend Policy, Corporate Governance and the Managerial Entrenchment Hypothesis: An Empirical Analysis", paper presented at the following conferences:
- EFMA- European Financial Management Association 2002 Conference, London, 26-29 June, 2002.
- Corporate Governance Developments and the New Tools of Governance, Birmingham Business School, University of Birmingham, 9 July, 2002.
- PFN-Portuguese Finance Network 2nd Finance Conference, University of Évora,
6-8 June, 2002.
GONZÁLEZ; Maria do Pilar
“Género e Economia: uma Abordagem na Perspectiva da Economia do Trabalho”, IV
Meeting of the Portuguese Association for Women’s Studies, Santarém, 14-15 January
2002
GONZÁLEZ; Maria do Pilar
“Gender Deficit in the Portuguese Labour Market”, Workshop of the Gender and Employment Expert Group, Brussels, 22 February 2002
OLIVEIRA, Manuel M.; SANTOS, M. Clementina
“Qualification Requirements and Educational Attainments in Portugal, 1985-1997” paper presented to
- Conference of the Bank of Portugal “Desenvolvimento Económico Português no
Espaço Europeu: Determinantes e Políticas”, Lisbon, F. Gulbenkian, 24-25 May
2002.
- Conference “Overeducation in Europe: What Do We Know?” jointly organized by the Max Planck Institute for Human Development, Berlin, and ROA at Maastricht University, NL, Berlin, 22-23 November 2002.
VAREJÃO, José M.
“Fixed-Term Contracts, Employment Flows and Productivity”, Conference of the Bank of Portugal “Desenvolvimento Económico Português no Espaço Europeu:
Determinantes e Políticas”, Lisbon, F. Gulbenkian, 24-25 May 2002.
VAREJÃO, José M. and PORTUGAL, Pedro
“Matching Workers to Jobs on the Fast Lane: the Operation of Fixed Term Contracts”,
14th Conference of European Association of Labour Economists (EALE), Paris, 19-22
September, 2002.
PAPERS PRESENTED AT SEMINARS BRANDÃO, António (CETE)
- “Objectivos das Empresas Públicas e Entrada”, January, 18, 2002 FARINHA, Jorge
- “Dividend Policy, Corporate Governance and the Managerial Entrenchment Hypothesis: An Empirical Analysis", Seminário de Finanças do CEMPRE, 12 December 2002
VAREJÃO, José Manuel
- «Por que razão utilizam os empregadores contratos a prazo?», Seminários do CETE, February 22, 2002
WORKING PAPERS BARBOT, Cristina
“Does Airport Regulation Benefit Consumers?”, Investigação – Trabalhos em Curso,
(FEP Working Papers), nº 119 , 2002 (see Publications)
GONZÁLEZ; Maria do Pilar (co-author)
“The Gender Pay Gap and Gender Mainstreaming Pay Policy: Synthesis Report of Gender Pay Equality in the EU Member States”, Rubery Jiil, GRIMSHAW Damian and FIGUEIREDO Hugo (coord). European Work and Employment Research Centre, Manchester School of Management , 2002.
OTHER REPORTS
- Reports from the Portuguese representative on the Gender and Employment Expert Group, sponsored by the E.U. (DG Employment & Social Affairs) under its Action Programme on Equal Opportunities for Women and Men, Maria do Pilar GONZÁLEZ. Reports delivered in 2002: “Gender Equality in Portugal: Some Relevant Issues”; “Portugal: Assesment of the NAP for Employment 2002 from a gender perspective” and Gender Pay Gap in Portugal” (http://www.umist.ac.uk/management/ewerc/).
- Reports of evaluation of the proposal submitted to “Concurso Público para a realização do estudo de avaliação intercalar do Programa Operacional da Região do Norte – 2000-2006” for CCRN - Comissão de Coordenação da Região do Norte; participation of José VAREJÃO and José António MOREIRA.
WORK IN PROGRESS
BARBOT, Cristina, “Welfare Effects of Different Systems of Airport Charges”
BARBOT, Cristina and BRANDÃO, António: “Public and Private Firms Competition in a Vertical Differentiation setting- The Case of Healthcare Industry”
BRANDÃO, António
- “Competition in National Welfare and the Open Market (with Jean Gabszewicz, Isabel Grilo and Sofia Castro)
DE MELLO, Margarida and Kevin S. NELL
- “The Forecasting Ability of a Cointegrated VAR Demand System of the UK Tourism Demand for Portugal, Spain and France” paper submitted to Empirical
Economics
MOREIRA, José António Cardoso
- “The Valuation of Research and Development: does it pay to be different?” (with Peter Pope, Lancaster University)
RUIVO, Margarida
- “A theoretical framework to analyse the nature of financing employment and social protection in Europe”- European Network La Construction Sociale de l’Emploi. Participation in two workshops: Palma de Majorca, 28/01 –1/2/2002 and Genoa, 31/5-4/6/2002. A chapter of a book with Nathalie Moncel and Enrico Fravega is under preparation.
SILVA, Elvira
- “Nonparametric Dynamic Efficiency Analysis: an Application to the Pennsylvania Dairy Sector” (with Spiro Stefanou)
VAREJÃO, José Manuel
- Fixed-Term Contracts and Career Advancement (with Pedro Portugal) - Operating Hours in Europe (with Alberto Castro)
- Working Time Reductions and Employment: Lessons from the “40 Hours Law”
POST-GRADUATE TRAINING
Post-graduate training is a very important vector of the unit’s activity. The notes to follow concern work by members in different areas: unit members enrolled as doctoral students, supervision of post-graduate students, membership of the coordination committees of FEP’s Masters and Doctoral Programmes in Economics and in Management, courses taught by unit’s members and co-ordinators of courses.
Unit members enrolled as doctoral students
Anabela CARNEIRO: enrolled as a doctoral student at FEP, under the supervision of Prof. Pedro Portugal (Bank of Portugal); Subject: “Ajustamentos Salariais, Ciclo Económico e Desemprego” (Wage adjustments, business cycle and unemployment). Maria Paula SARMENTO: enrolled as a doctoral student at FEP since October 1999, under the supervision of Prof. A: Brandão (CETE) in the field of Industrial Organisation and Economics of the Firm; Subject: "Regulation and Firm's Entry".
Supervision of post-graduate students
For each dissertation it is mentioned: 1) Supervisor, 2) Student; 3) Thesis subject, 4) Dates
- Doctoral dissertations: BARBOT, Cristina
Joaquim Marinheiro
“A Model for Cork Industry” Expected for 2005
BRANDÃO, António Maria Paula Sarmento
"Regulation and Firm's Entry" Expected for 2004
BRANDÃO, António Rosa Fortes
“Subcontracting or Foreign Direct Investment?” Expected for 2004/5
SILVA, Elvira
Nuno Alexandre M. B. Moutinho
“An International Comparison of Productivity Change in Agriculture and the Economy as a Whole, Using Production-Frontier Approaches”
In Progress. Expected to finish in October 2004 - Master dissertations:
BARBOT, Cristina António Jorge Liz
"Imperfect Competition in Cement Industry" Expected for 2003
BARBOT, Cristina Olívia Sá
"Barriers to Entry- Evidence in Portugal" Expected for 2003
FARINHA, Jorge Miguel Sôro
"Dividend Policy in Portuguese Listed Companies" Expected for 2003
FARINHA, Jorge Luís Quinta
"Contrarian and Momentum Strategies in the Portuguese Stock Market" Expected for 2003
FARINHA, Jorge Nuno Basílio
"Stock Splits in the Portuguese Equity Market" Expected for 2003
FARINHA, Jorge Lucinda Santos
"An empirical Analysis of the Pecking Order Hypothesis" Expected for 2004
FARINHA, Jorge Paulo Jorge Fernandes
"The Correlation between the Portuguese Stocky Markets and the Major International Stock Markets"
FARINHA, Jorge Marta Canelas
"The Ex-Dividend Price Effect in the Portuguese Stock Market" Expected for 2003
FARINHA, Jorge Francisco Miranda
"An Empirical Analysis of Mergers and Acquisition in the Portuguese Stock Market" Expected for 2003
FARINHA, Jorge Rui Padrão
"Equity Carve-Outs in Portugal" Expected for 2003
FARINHA, Jorge Nuno Soares
“Evidence of Earnings Management on Portuguese IPO Firms” In Progress
OLIVEIRA, Manuel M. José Ricardo Guimarães In Progress
SANTOS, Maria Clementina Marta Quaresma
"Vocational training and earnings inequality in Portugal" Defended in December 2002
SILVA, Elvira
Maria Alberta Oliveira
“Efficiency Analysis in Secondary Schools” In Progress, expected to finish in October 2004 SILVA, Elvira
Paulo Vieira
“Efficiency Analysis in Municipalities”
In Progress, expected to finish in October 2003
VAREJÃO, José António Dias da Silva
“Promotions and wage dynamics within firms” Expected for 2003
Membership of the Coordination Committees of FEP’s Masters and Doctoral Programmes
Doctoral Programme in Economics Cristina Barbot; Elvira Silva
Master Programme in Economics Elvira Silva (President); José Varejão
Courses taught by unit members at FEP’s Masters and Doctoral Programmes Cristina Barbot – Microeconomics I
António Brandão- Industrial Economics and Business Enterprise Economics M. Mendes de Oliveira – Advanced Econometrics and Econometric Methods Maria Clementina Santos – Human Capital Theory
Elvira Silva - Microeconomics I and Dynamic Production Economics Helder Valente – Business Enterprise Economics
José Varejão – Labour Economics
José António António Cardoso Moreira – Análise Contabilística e Auditoria Jorge Farinha – Teoria Financeira and Aquisição e Controle de Empresas
Co-ordinators of courses taught by visiting professors at FEP’s Doctoral Programme
António Brandão and Elvira Silva - Microeconomics II
Visiting Professors in 2002 for Microecomics II:
Prof. Jean Gabszewicz (CORE / Université Catholique de Louvain, Belgium)
Prof. Isabel Grilo (University of Lille, France, and CORE / Université Catholique de Louvain, Belgium)
ORGANISATION OF SEMINARS BRANDÃO, António (CETE)
- “Objectivos das Empresas Públicas e Entrada”, Seminários do CETE, January, 18, 2002
ESCALEIRA, José (Escola Superior de Tecnologia e Gestão, Inst. Pol. Viana do Castelo)
- “A Procura no Sector das Artes do Espectáculo. Tempo e Rendimento na Análise das Audiências”
GRILO, Isabel (CORE/Université de Louvain, GREMARS/Université de Lille e Comissão Europeia)
- "Entrepreneurship in the EU: to wish and not to be", October, 25, 2002 GABSZEWICZ, Jean (CORE / Université Catholique de Louvain, Belgium) - "Network Effects in the Press and Advertising Industry", November, 15, 2002 MERTENS, Jean-François (CORE / Université Catholique de Louvain, Belgium) - « Social Choice », October, 28, 2002 (6 hours)
VAREJÃO, José Manuel (CETE)
- « Por que razão utilizam os empregadores contratos a prazo?», Seminários do CETE, February 22, 2002
ORGANISATION OF SCIENTIFIC MEETINGS
Conference CEMPRE and CETE “A Legislação Laboral – Códigos e Práticas”, Faculty of Economics, December 19, 2002. 1st session – Códigos: Pedro Romano Martinez, Faculdade de Direito, Universidade de Lisboa; Júlio Gomes, Universidade Católica Portuguesa, Porto; Chairman: Miguel Brás Cunha, FEP. 2nd session – Práticas: Pedro Portugal, Universidade Nova de Lisboa e Banco de Portugal; António Dornelas, CIES/ISCTE; Chaiman: Manuel Mendes de Oliveira, FEP
MEMBERSHIP OF SCIENTIFIC COMMITTEES BRANDÃO, António
Member of the Scientific Committee of the National Meetings on Industrial Organisation.
REFEREE OF SCIENTIFIC JOURNALS BRANDÃO, António
- Oxford Economic Papers.
FARINHA, Jorge
- Notas Económicas – Revista da Faculdade de Eonomia daUniversidade de Coimbra - Estudos de Gestão, ISEG
-
SILVA, Elvira
- American Journal of Agricultural Economics published by the American Agricultural
Economics Association.
- European Review of Agricultural Economics published by the European Association
of Agricultural Economics. - Journal of Productivity Analysis - Journal of Applied Economics
- Sociologia, Problemas e Páticas, published by Centro de Investigação e Estudos de Sciologia.
INTERNATIONAL MOBILITY
GONZÁLEZ, Maria do Pilar, teaching “Segmentation of the Labour Market: the Gender Perspective” (10 h), GONZÁLEZ, Maria do Pilar, teaching “Segmentation of the Labour Market: the Gender Perspective” (10 h).University of Ljubljiana, March 2002, “European Labour Market”, Socrates – Erasmus Programme, Co-ordinated by Prof. Bent Greve, University of Roskilde, (DK). CETE/FEP's co-ordinator: Maria do Pilar GONZÁLEZ.
FARINHA, Jorge, Coordinator of the Socrates – Erasmus Programme for the Management Degree.
