... countries sharing common geopolitical and socioeconomic characteristics, namely Greece and Portugal. Design/methodology/approach The autoregressive distributed lag (ARDL) cointegration methodology is applied, as proposed by Pesaran and Shin (1995) and Pesaran et al. (2001) in the presence...

..., the prospective of using weather derivatives in Portugal and why Portugal should use such instruments as well as the potential of Portugal's enterprises are presented. Design/methodology/approach This paper attempts to distinguish the reasons for the appearance of a weather derivatives market and the growth...