FEC2-Artigos (em revistas ou actas indexadas)
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- Exploração das percepções sobre o emprego na hotelaria no Algarve durante a COVIDPublication . Castela, Guilherme; Henriques, Cláudia Helena; Lampreia Carvalho, Fatima; Afonso, CarlosThe Travel and Tourism (T&T) industry is highly sensitive to extreme events like pandemics (Price et al., 2022; OECD, 2020). The COVID-19 pandemic severely disrupted the sector, leading to mobility restrictions and closures (Chowdhury and Jomo, 2020). However, it also presented opportunities for innovation (Price et al., 2022). The economic impact on Portugal's GDP was significant, with T&T's contribution dropping from 17.1% in 2019 to 8.7% in 2020 and recovering in subsequent years (WTTC, 2022). Given the Algarve's dependence on tourism, this study highlights the need for new strategies to overcome challenges (EURES, 2022). This research aims to analyse how Algarve's (South of Portugal) hospitality (hotels and restaurants) employers and employees perceived the Portuguese government's measures to address the COVID-19 crisis via a Three-Way Data Analysis multivariate statistical procedure, namely the COSTATIS method, which can be considered a more advanced or specialized version of STATIS, offering more flexibility and refinement in handling complex data relationships. The statistical procedure supports the assessment of 27 varieties of perceptions of the pandemic crisis that were collected from respondents distributed in four hospitality professional categories (restaurant and hotel managers and employees). The conclusions identify that association with a professional category in the hospitality industry tends to affect ideas regarding the potential for coping and resilience associated with organizational challenges. Members of the diverse professional categories think of the crisis in different ways due to their status and hierarchic position in business organisations. More attention should be given to what those professionals with lower status have to say about the organisational climate in the event of future crises.
- Broadening tourism experience and destination imagePublication . Martins Guerreiro, Maria Manuela; Pinto, Patrícia; Bagheri, Fatemeh; de Matos, Nelson Manuel da SilvaAlthough previous studies deal with tourism experience, destination image and related outcomes, this study innovates by elaborating on a more comprehensive view of the tourism experience and destination image. Guided by suggestions for more research in the relevant literature, this study examines the correlation between tourism experience, experiential destination image, tourism memory, satisfaction and loyalty and explores domestic and international tourists. The data were collected from tourists visiting the Algarve, Portugal, in 2021. A multi-group analysis determined the main differences between domestic and international tourists. The results show that the tourist experience has five dimensions: active learning, emotional engagement, passive entertainment, immersive escape, and aesthetic appeal. Furthermore, tourism experiences of both domestic and international tourists positively affect the cognitive image of the Algarve. There is a significant difference among domestic and international tourists regarding the impact of tourism memory on tourists' loyalty. Theoretical and managerial implications, limitations, and potential directions for future research are discussed.
- Wellness tourism: a systematic literature reviewPublication . Fernandes Martins, Patrícia Raquel; Neves de Jesus, Saúl; Pocinho, Margarida; Pinto, Patricia ISWellness tourism is a proactive process where people travel to maintain or enhance their well-being. The main goal of this study is to analyse the publications on wellness tourism as a subcategory of health tourism over the last five years and contribute to a better understanding of this field. Specifically, the objectives are: (a) to identify the theoretical models and methodological frameworks involving wellness tourism, (b) to identify prominent and emerging themes, and (c) to provide directions for future investigations. A systematic literature review based on the PRISMA guidelines was carried out through Web Science and Scopus databases in December 2023. After applying the inclusion and exclusion criteria, 72 peer-reviewed empirical articles published between 2019 and 2023 in English-language academic journals were selected. The review identified and assessed the selected studies’ theoretical and methodological frameworks. Additionally, the thematic analysis revealed 66 distinct variables related to wellness tourism, highlighting emerging research trends. Finally, the study outlines potential avenues for future research. This systematic review provides theoretical insights and practical contributions to the growing field of wellness tourism.
- Understanding urban resilience and SDGs: a new approach in decision‐making for sustainable citiesPublication . Barcellos‐Paula, Luciano; de Castro Rezende, Aline; Gil‐Lafuente, Anna MaríaRecent crises exacerbate social, environmental, and economic problems affecting the Sustainable Development Goals (SDGs) and urban resilience. Urgent action is needed to address these issues. The paper aims to (i) broaden the debate on urban resilience and the SDGs and (ii) examine how the interconnection of Urban Spatial Resilience (USR) and the SDGs can contribute to sustainable cities and communities. The research is developed through a literature review and a bibliometric analysis, followed by a quantitative approach using modeling and simulation. The results reveal three critical elements that can impact urban resilience and sustainable development: SDG11, urban spatial structure resilience, and urban spatial form resilience. Other findings indicate that SDG13 and SDG6 have a significant indirect relationship with urban resilience. The study provides policy implications supporting urban resilience and the SDGs.
- A bibliometric analysis: wine tourism in the sectorPublication . Gómez-Carmona, Diego; Marín-Dueñas, Pedro Pablo; Correia, Marisol B.; Escobar, Marta Toribio; de Matos, Nelson Manuel da Silva; Cruces-Montes, Serafín JesúsThe term “wine tourism” was first used in 90’s from Australia. The definition of ecotourism has been studied by many academics throughout its history, reaching the conclusion that it is the activities carried out by people outside their usual environment in a given period of time related to the viticulture of the environment and wine. This study aims to enhance knowledge in the wine tourism field by employing bibliometric methods to quantitatively analyze its evolution over the past two decades. This analysis shows that from 2019 onwards, publications increased considerably, reaching a peak in 2020, mostly (linking with COVID-19 lockdown). In the areas of geography and economics, as research in the area of tourism is still very recent. The conceptual analysis shows the variety of terms used by researchers and how they have evolved over time, the most commonly used being "touristic" and "vineyard", with others appearing such as "meal" connected to "winery waste" or "tourism development", which are more akin to current management.
- Do investors tend to overreact when investing in clean energy stock indices?Publication . Dias, Rui; Galvão, Rosa; Cruz, Sandra P.; Gonçalves, Sidalina; Irfan, Mohammad; Teixeira, Nuno; Alexandre, Paulo; Palma, Cristina; Almeida, LilianaDue to climate change, investors are increasingly interested in clean energy stocks attracting many investors due to clean energy prospects. This paper analyses investor overreactions to long-term prices in various clean energy stock indices, such as Clean Energy Fuels (CLNE), Global Clean Energy (GCEI), as well as the Dow Jones Industrials (DJI) stock index, over the period from 24 February 2022 to 23 May 2024. The results show that the Global Clean Energy (GCEI) clean energy stock index rejects H0 at the 16-day lag at a significance level of 1%; similarly, the Clean Energy Fuels (CLNE) index rejects the null hypothesis at lags 8, 9, 10, 11 and 12 days, both indices show negative serial autocorrelation, which means that price movements are not entirely random and are influenced by prior price movements. This evidence could mean that investors overreact to the information that reaches the market. On the other hand, the ETF (PWYF) and the Dow Jones Industrial Stock Index (DJI) show that the random walk hypothesis has not been rejected. In other words, these markets show that they are in equilibrium and that the existence of exaggerated reactions on the part of investors is not significant. The answer to the research question was partially accepted, so the Russian invasion of Ukraine in 2022 led to the partial presence of overreactions in these stock indices. In conclusion, investors operating in these markets should exercise caution and consider their risk tolerance before investing. Investors should, therefore, continue to monitor market trends and adjust their investment strategies accordingly.
- A critical analysis of the portuguese framework for entrepreneurship education considering the entreComp competence frameworkPublication . ESPINGARDEIRO BANHA, FRANCISCO MANUEL; Graça, André Rui; Góis, BeatrizThis paper critically examines the recently approved Portuguese Framework for Entrepreneurship Education (REE), in 2024, a key policy document aimed at implementing entrepreneurship education (EE) in compulsory public education. It addresses the historical context and current challenges of EE in Portugal, where participation in EE programmes has been limited. The REE is part of a broader initiative under the Citizenship Education subject, aiming to develop entrepreneurial skills among students as they progress through the education system. This article explores the evolution of EE frameworks, particularly focusing on the European Entrepreneurship Competence Framework (EntreComp), which has been widely adopted across Europe. It investigates how these frameworks, including the REE, contribute to the development of entrepreneurial competencies—skills that go beyond business creation to foster creativity, resilience, and problem-solving. The paper also highlights the benefits and challenges of implementing EE, including the need for tailored teaching materials and the importance of teacher support. By presenting Portugal’s recent efforts to integrate EE into its curriculum, this paper contributes to the international discourse on effective strategies for fostering entrepreneurial skills. It emphasises the role of such frameworks in overcoming barriers to EE, ensuring inclusivity, and addressing the evolving needs of global education systems in the face of rapid socio-economic changes.
- Economic development, industrialization, and poverty eradication: a benchmarking analysis of developing, emerging, and developed countriesPublication . Delgado, Afonso; Caldas, Paulo; Varela, MiguelThis study utilizes benchmarking techniques to monitor productivity change in relation to Sustainable Development Goals (SDGs) 1, 8, and 9, addressing the challenges faced by countries in interpreting measures. The first SDG 1, “No Poverty”, aims to completely eliminate poverty. The objective of SDG 8, “Decent Work and Economic Growth”, is to foster comprehensive economic advancement. Finally, SDG 9, “Industry, Innovation, and Infrastructure”, focuses on the creation of durable and sustainable infrastructure, as well as promoting innovation to drive economic progress. Economic development, job creation, wealth creation, and poverty eradication are crucial for sustainable development. However, there is no other study estimating the evolution of countries’ performance in terms of these SDGs, whether countries have converged or not, and how each of these SDGs contributes to this performance development. This is the main goal of the present study, which compares 85 countries (2010–2020) from different profiles (developing, emerging, and developed) in terms of several SDG indicators. We applied data envelopment analysis (DEA) and Malmquist productivity indices that quantify changes in efficiency and technology over time to assess productivity dynamics and improvements. Results showed that emerging countries showed the highest productivity development, followed by developing countries and finally developed countries. The slower productivity development in developed countries indicates stagnation, allowing emerging countries to converge in terms of wealth creation, distribution, and poverty reduction.
- Editorial 48Publication . Gato, Maria Assunção; Cruz, Ana RitaThe thematic dossier in this issue 48 holds special significance for the journal CIDADES, Comunidades e Territórios (CITIES, Communities and Territories). It pays a modest tribute to one of its founders, Vítor Matias Ferreira, who passed away a year ago. The dossier includes a collection of testimonies from people who closely followed part of his research journey in urban studies, as well as from the person who helped him establish and strengthen this journal, which we value deeply. A limited number of testimonies will inevitably fall short of capturing the full impact of someone who was actively involved in civic and intellectual life throughout his career, influencing multiple generations. However, as preserving collective memories becomes increasingly crucial in our fast-paced, information-overloaded era that often fosters social apathy, we hope this dossier will spark interest in Vítor Matias Ferreira’s work among younger generations. This would be one of the greatest tributes we can offer him.
- Interdependence and spillovers between big oil companies and regional and global energy equity marketsPublication . Hanif, Waqas; Hernandez, Jose Arreola; Kang, Sang Hoon; Boako, Gideon; Yoon, Seong-MinWe examine spillovers and nonlinear dependence dynamics between big oil supermajors and regional and global energy equity markets. We derive our empirical results by fitting a directional spillover index, a conditional value-at-risk (CoVaR) method, and time-varying parameter copulas. Spillover index results indicate that big oil supermajors most largely spillover to the EU energy equity sector than to the US energy equity sector. A big oil supermajor British Petroleum (BP) consistently exerts some of the largest spillovers across regional and global energy markets. The CoVaR analysis reveals that on the downside, shocks from Royal Dutch Shell A most largely spillover to the US energy equity sector, while Royal Dutch Shell B does it on the upside. On the downside, Chevron most largely spillovers shocks to the EU energy equity sector, while BP does it on the upside. ExxonMobil most largely spillovers downside shocks to the world energy equity sector, while Royal Dutch Shell B does it on the upside. The Copula results show an asymmetric dependence between major oil companies and the US energy equity sector. The relationship between big oil companies and the EU energy equity sector is characterised by symmetric dependence dynamics.