The role of income inequality on fiscal multipliers

A Work Project, presented as part of the requirements for the Award of a Masters Double Degree in Economics from the Nova School of Business and Economics and University of Maastricht

The Impact of income support programs on transitions to employment

The income support programs are created with the purpose of fighting both, the poverty trap and the inactivity trap. The balance between both is fragile and hard to find. Thus, the goal of this work is to contribute to solve this issue by finding how income support programs, particularly the Portuguese RSI, affect transitions to employment. This is made through duration analysis, namely using Cox and Competing Risks models. A particular feature is introduced in this work as it incorporates the possibility of Defective Risks. The estimated hazard elasticity with respect to the amount of RSI received for individuals who move to employment is -0,41. More than a half of RSI receivers stays for more than a year and the probability of never leaving to employment is 44%. The results appear to indicate that RSI has affected negatively transitions to employment.

Reporting Income Taxes in the Banking Sector In Angola - Accounting, Tax Regulation and Financial Reporting Evidences

This research provides an insight into income taxes reporting in Angola, based on hand collected data from the annual reports of banks. Empirical studies on Angolan companies are scarce, in part due to the limited access to data. The results show that income taxes’ reporting has improved over the years 2010-2013, becoming more reliable and understandable. The Angolan Government is boosting the economic growth through tax benefits in the investment in public debt, which cause a reduction in the banks’ effective tax rate. The new income tax law will reduce the statutory tax rate from 2015 onwards and change the taxable income, resulting in shifting the focus to promoting private investment.

Comprehensive income: evidence from Portuguese listed companies on reporting choices and value relevance

This work project aims at analysing choices related to Comprehensive income (CI) of Portuguese listed firms and understanding the reasons behind them. Additionally, it studies the relevance of CI versus Net Income (NI). It was found that firm’s size and volume of Other comprehensive income (OCI) are positively related with the choice for separate statements while smaller firms with positive NI and negative OCI tend to disclose less information about taxes. The value relevance of CI proved to be superior to that of NI but OCI seems to have no incremental value relevance.

Contribuição para o estudo de um sistema integrado de abastecimento de água e tratamento de água residual doméstica. Caso de estudo: Cidade da Praia

O problema de escassez de água em muitas regiões do globo acompanhado do acelerado crescimento da população e das decorrentes alterações climáticas, constituem um conjunto de preocupações ligadas à gestão dos recursos hídricos, principalmente no que diz respeito à satisfação das necessidades de consumo quer em termos quantitativos, quer em termos qualitativos. Tanto o abastecimento de água para o consumo humano, como a descarga e reutilização de águas residuais urbanas, requerem, à priori, um conjunto de processos e operações de tratamento tanto mais exigentes quanto maior o nível de qualidade final pretendido, tendo sempre em consideração aspectos como a saúde e a exposição humana como também o tipo de actividade a que se destina a água. Com o presente trabalho pretende-se dar um contributo para a avaliação da viabilidade de implementação de um sistema integrado de abastecimento de água e de tratamento de águas residuais domésticas na cidade da Praia, em Cabo Verde, tendo por base a situação actual, e um ano horizonte de 20 anos (2015 a 2035). Cabo Verde é um país com sérios problemas no que se refere aos recursos hídricos uma vez que carece de chuva e de reservas de águas subterrâneas. Circundado pelo mar, quase a totalidade dos municípios é abastecida pela água proveniente de processos de dessalinização da água do mar, através de tecnologias de membranas - Osmose Inversa (OI). Neste estudo, através de inquérito directo (260 inquéritos) e visitas presenciais a instituições, empresas e directamente à população, fez-se a caracterização dos sistemas de gestão da água e de águas residuais da referida cidade, por forma a perceber o funcionamento dos mesmos. Em 2014, cerca de 90% da água distribuída à população da Praia (10.000 m3.dia-1) proveio da água dessalinizada na central da ELECTRA. No mesmo ano, o caudal médio diário de água residual afluente à ETAR do Palmarejo foi de 2245 m3.dia-1. A deficiente cobertura da rede de drenagem de águas residuais da cidade (26,5%, segundo resultados do inquérito) é a principal razão pela baixa afluência à ETAR. Neste trabalho, procedeu-se ainda, à avaliação comparativa de custos para produção de água para a rega de áreas verdes da cidade, quer a partir de técnicas de dessalinização quer a partir da reutilização de água residual tratada. Com a reutilização de água residual tratada na rega das áreas verdes da cidade da Praia (92,4 ha), concluiu-se que, ao fim dos próximos 21 anos, poupar-se-á, na dessalinização, cerca de 32 milhões de euros (3.520 milhões de ECV). Da análise efectuada, concluiu-se que o volume necessário para o sistema de armazenamento da água residual tratada (estimado com base no mês de maior necessidade de rega do ano horizonte, Junho de 2035, assumindo um tempo de retenção hidráulico de um dia) é de 5.000 m3.

Changes in the prevalence, incidence and residual risk for HIV and hepatitis C virus in Southern Brazilian blood donors since the implementation of NAT screening

Introduction Previous studies have shown high residual risk of transfusing a blood donation contaminated by human immunodeficiency virus (HIV) or hepatitis C virus (HCV) in Brazil and motivated the development of a Brazilian platform for simultaneous detection of both viruses by nucleic acid amplification test (NAT) denominated HIV/HCV Bio-Manguinhos/Fundação Oswaldo Cruz (FIOCRUZ). The objective of this study was to verify seroprevalence, incidence and residual risk for both viruses before and after the implementation of NAT. Methods Over 700,000 blood samples from all blood banks in the southern Brazilian State of Santa Catarina were analyzed during the period between January 2007 and July 2013. Results Compared with the period preceding the NAT screening, HIV prevalence increased from 1.38 to 1.58 per 1,000 donors, HIV incidence rate increased from 1.22 to 1.35 per 1,000 donor-years, and HIV residual risk dropped almost 2.5 times during the NAT period. For HCV, seroprevalence increased from 1.22 to 1.35 per 1,000 donors, incidence dropped from 0.12 to 0.06 per 1,000 donor-years, and residual risk decreased more than 3 times after the NAT implementation. Conclusions NAT reduced the duration of the immunologic window for HIV and HCV, thus corresponding to approximately 2.5- and 3-fold respective residual risk reductions.

Susceptibility characterization of residual Brazilian populations of Triatoma infestans Klug, 1834 (Hemiptera: Reduviidae) to deltamethrin pyrethroid

INTRODUCTION: Despite years of efforts towards the elimination of Triatoma infestans in Brazil, residual foci still persist in some areas of the States of Bahia and Rio Grande do Sul. The persistence of these T. infestans populations in the country has two different origins of equal concern: operational failures or insecticide resistance. Thus, the objective of this study was to characterize the susceptibility profile of the residual Brazilian populations of T. infestans to deltamethrin. METHODS: The susceptibility reference lineage was derived from Cipein/Argentina. The populations studied were manually collected using a dislodging agent in peridomiciles in the States of Bahia (Novo Horizonte) and of Rio Grande do Sul (Santa Rosa and Doutor Maurício Cardoso). Serial dilutions of deltamethrin were prepared and applied at the dorsal abdomen of first instar nymphs. The control group received only pure acetone. Mortality was evaluated after 72h. Qualitative tests assessed the mortality of a diagnostic dose of 1xLD99 (2.76ng a.i./nymph) determined for the susceptibility reference lineage. RESULTS: The susceptibility profile characterization of the T. infestans populations revealed an RR50 ranging from 1.73 to 3.26. The mortality percentage in response to a diagnostic dose was 100%. The results obtained in the quantitative and qualitative assays corresponded for all populations. CONCLUSIONS: The results of this study indicate that the persistence of residual foci of T. infestans in Bahia and Rio Grande do Sul is not related to insecticide resistance but may be associated with operational failures. In Rio Grande do Sul, we must consider the possibility of continuous reinfestation by Argentinian individuals, which justifies active and efficient epidemiological surveillance.

Future lending income and security value

I test the Duffie, Gârleanu, and Pedersen hypothesis that security prices incorporate expected future securities lending income. To determine whether institutional investors anticipate gains from future lending of securities, I examine their trading behavior around loan-fee increases. The evidence suggests that institutions buy shares in response to an increase in lending fees, and that this could explain the premium associated with high- lending-fee stocks. Expected future lending income affects stock prices, although the effect seems to be attenuated by the negative information that arises from short selling.

Progressivity in the Portuguese personal income tax system

This Work Project analyzes the evolution of the Portuguese personal income tax system’s progressivity over the period of 2005 through 2013. It presents the first computation of cardinal progressivity measures using administrative tax data for Portugal. We compute several progressivity indices and find that progressivity has had very modest variations from 2005 to 2012, whilst from 2012 to 2013 there has been a relatively stronger decrease, excluding the impact of the income tax surcharge of the years 2012 and 2013. When this latter is included, progressivity of 2012 and 2013 decreases considerably. Analyzing the effective average tax rates of the top income percentiles in the income scale, we find that these rates have increased over the period 2010–2013, suggesting that an analysis of effective tax rates is insufficient to assess progressivity in the whole tax scheme.

EFEITO RESIDUAL DE CALAGEM Ε MICRONUTRIENTES EM LATOSSOLO AMARELO SOB ROTAÇÃO DE CULTURAS.

O ensaio de campo foi conduzido por um período de três anos, num Latossolo Amarelo da Amazônia Central cultivado com soja (1985), arroz (1986), caupi (1987) e caupi (1988), em rotação, visando estudar o efeito residual da calagem e interação com micronutrientes. Os tratamentos foram 0,2,3 e 5 t/h de calcário calcítico e 2,3 e 5 t/ha de calcário calcítico + micronutrientes (5 kg/ha Cu; 7,5 kg/ha Mn; 0,5 kg/ha Mo; 4,5 kg/ha Zn; 2,0 kg/ha B). Não houve acréscimo significativo na produção de soja e arroz com doses crescentes de calcário: soja variou de 260 a 732 kg/ha e arroz de 557 a 919 kg/ha. No entanto, com calcário + micronutrientes foram obtidos aumentos significativos de produção com relação aos tratamentos só com calagem e à testemunha: soja variou de 1986 a 2357 kg/ha e arroz de 1471 a 2133 kg/ ha. No terceiro ano (caupi) ainda houve uma pequena resposta à aplicação de micronutrientes, enquanto que no quarto ano de cultivo a produção do caupi foi bem menor que a do ano anterior e não houve r-esposta aos tratamentos estudados. A análise do solo nos dois primeiros anos de cultivo mostrou que a maioria dos micronutrientes analisados encontravam-se acima dos níveis críticos; somente o Cu e o Mn apresentaram baixos teores, principalmente nos tratamentos só com calagem. As produções dos dois primeiros cultivos apresentaram alta correlação positiva com os teores de Cu e Mn no solo. Ε possível que nos dois primeiros cultivos a calagem tenha induzido deficiências de Cu e Mn nos tratamentos sem micronutrientes.

The residual effect of deltametrine in the control of Malaria as observed on fifferent types Of walls In the Brazilian Amazon 1

The residual power of deltametrine FW (25 mg 1 .a/m2) was evaluated and compared to that of DDT (2 g i.a./m2) by means of biological tests. The different kinds of material used in constructing houses in Amazonia, such as: masonry, wood, and wattle and daub, were used. Data from logistic regression showed that the drop in mortality, the inclination of the curve in relation to time, was similar for the two insecticides in the first samples. The negative coeficient for the variable, months after application, confirmed a reduction in the activity of both insecticides. Wooden and wattle walls showed positive and negative coeficiencies respectively from the beginning. The wooden walls retained a residual effect but the wattle walls were shown to be the least indicated for the application of insecticides The experiments demonstrated a more prolonged residual effect for deltametrine as compared to DDT, and that insecticides work better on brick and cement and wooden walls than they do on wattle and daub constructions. For these reasons, it would be necessary to spray brick and cement walls every 8 months, wooden ones every 9 months and wattle constructions every 7 months to control the vectors of malaria.

Cost-effective energy and carbon emission optimization in building renovation – A case-study in a low income neighbourhood

Construction sector is one of the major responsible for energy consumption and carbon emissions and renovation of existing buildings plays an important role in the actions to mitigate climate changes. Present work is based on the methodology developed in IEA Annex 56, allowing identifying cost optimal and cost effective renovation scenarios improving the energy performance. The analysed case study is a residential neighbourhood of the municipality of Gaia in Portugal. The analysis compares a reference renovation scenario (without improving the energy performance of the building) with a series of alternative renovation scenarios, including the one that is being implemented.

“ Da Moda ao Resíduo e do Resíduo à Moda”: um contributo sustentável no uso da pele residual na Indústria do calçado

Dissertação de mestrado em Design e Marketing

Seguros Income Protection: análise segundo o sexo e a classe profissional dos segurados

Dissertação de mestrado em Economia Monetária, Bancária e Financeira

Seguros Income Protection com um período máximo de recebimento de benefícios

Dissertação de mestrado em Economia Monetária, Bancária e Financeira