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|Título:||Shiva's dance: Crisis, local institutions and private firms|
|Autor:||Santos, João Ricardo Dias Ramos Pereira dos|
|Data de Defesa:||Jan-2015|
|Resumo:||The uneven spatial distribution of start-ups and their respective survival may reflect comparative advantages resulting from the local institutional background. For the first time, we explore this idea using Data Envelopment Analysis (DEA) to assess the relative efficiency of Portuguese municipalities in this specific context. We depart from the related literature where expenditure is perceived as a desirable input by choosing a measure of fiscal responsibility and infrastructural variables in the first stage. Comparing results for 2006 and 2010, we find that mean performance decreased substantially 1) with the effects of the Global Financial Crisis, 2) as municipal population increases and 3) as financial independence decreases. A second stage is then performed employing a double-bootstrap procedure to evaluate how the regional context outside the control of local authorities (e.g. demographic characteristics and political preferences) impacts on efficiency.|
|Designação:||A Work Project presented as part of the requirements for the Award of a Master Degree in Economics from the NOVA – School of Business and Economics|
|Aparece nas colecções:||NSBE: Nova SBE - MA Dissertations|
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