scholarly journals A Three-Country Macroeconomic Model for Portugal

2019 ◽  
Vol 19 (281) ◽  
Author(s):  
Alex Pienkowski
Keyword(s):  
Euro Area ◽  
Macroeconomic Model ◽  
External Shocks ◽  
Portuguese Economy ◽  
Domestic Shocks ◽  
The Portuguese Economy

This paper outlines a simple three-country macroeconomic model designed to focus on the transmission of external shocks to Portugal. Building on the framework developed by Berg et al (2006), this model differentiates between shocks originating from both inside and outside the euro area, as well as domestic shocks, each of which have different implications for Portugal. This framework is also used to consider the dynamics of the Portuguese economy over recent decades. The model, which is designed to guide forecasts and undertake simulations, can easily be modified for use in other small euro area countries.

scholarly journals Financialisation and the slowdown of labour productivity in Portugal: A post-Keynesian approach

2021 ◽  
Author(s):  
Diogo Correia ◽  
Ricardo Barradas
Keyword(s):  
Time Series ◽  
Income Inequality ◽  
Economic Performance ◽  
Labour Productivity ◽  
Personal Income ◽  
Integration Process ◽  
Income Share ◽  
Portuguese Economy ◽  
The Portuguese Economy

The aim of this paper is to conduct a time series econometric analysis in order to empirically evaluate the role of financialisation in the slowdown of labour productivity in Portugal during the period from 1980 to 2017. During that time, the Portuguese economy faced a financialisation phenomenon due to the European integration process and the corresponding imposition of a strong wave of privatisation, liberalisation and deregulation of the Portuguese financial system. At the same time, Portuguese labour productivity exhibited a sustained downward trend, which seems to contradict the well-entrenched mainstream hypothesis on the finance–productivity nexus. Based on the post-Keynesian literature, we identify four channels through which the phenomenon of financialisation has impaired labour productivity, namely weak economic performance, the fall in labour’s share of income, the rise of inequality in personal income and an intensification of the degree of financialisation. The paper finds that lagged labour productivity, economic performance and labour income share positively impact labour productivity in Portugal, while personal income inequality and the degree of financialisation negatively impact labour productivity in Portugal. The paper also finds that the main triggers for the slowdown of labour productivity in Portugal are the degree of financialisation and personal income inequality over the last decades.

Twenty years after the Porter Report for Portugal

2015 ◽  
Vol 25 (5) ◽  
pp. 540-554 ◽  
Author(s):  
Vítor da Conceição Gonçalves ◽  
Fernando Ribeiro Mendes ◽  
Idalina Dias Sardinha ◽  
Ricardo Rodrigues
Keyword(s):  
Design Methodology ◽  
Development Model ◽  
Competitive Advantages ◽  
Content Type ◽  
Michael Porter ◽  
Process Understanding ◽  
Time Period ◽  
Portuguese Economy ◽  
The Portuguese Economy ◽  
The One

Purpose – The purpose of this paper is to discuss the contribution of the Porter Report toward increasing the competitiveness of the Portuguese economy and highlights the factors that affected its operationalization. Design/methodology/approach – This paper considers the contributions of the Porter Report, entitled “Building the Competitive Advantages of Portugal”, presented in 1994, particularly with regard to the recommended clusters and public policies, as well as the assessment and warnings provided by Michael Porter in 2002, examining both in the present perspective. Findings – Although Michael Porter, in 2002, made a critical judgment about the country’s evolution since the 1994 report, it is clear that, on the one hand, the recommended development model attracted high attention and had positive repercussion in academic and business circles, while on the other hand, some of the objectives were achieved, albeit at a slower pace than would have been desirable. Political and economic context and the time period are relevant for all technological and geostrategic changes, among others. The accuracy of the diagnosis and the development model proposed by Michael Porter is confirmed and the difficulty in its implementation is highlighted. Originality/value – The analysis of the Portuguese evolution after Porter’s recommendations is instrumental in understanding the competitiveness and development challenges faced by a small peripheral economy in the European integration process. Understanding these difficulties and successes is of utmost importance in improving the definition and in the implementation of policies focused on the competitiveness of countries and regions.

scholarly journals EU Enlargement and the Portuguese Economy

World Economy ◽  
2004 ◽  
Vol 27 (6) ◽  
pp. 781-802 ◽  
Author(s):  
Nuno Crespo ◽  
Maria Paula Fontoura ◽  
Frank Barry
Keyword(s):  
Eu Enlargement ◽  
Portuguese Economy ◽  
The Portuguese Economy

scholarly journals Returns to schooling in the Portuguese economy: a reassessment

2018 ◽  
Vol 42 (2) ◽  
pp. 215-242 ◽  
Author(s):  
Maria Manuel Campos ◽  
◽  
Hugo Reis ◽  
Keyword(s):  
Returns To Schooling ◽  
Portuguese Economy ◽  
The Portuguese Economy

scholarly journals Current and Historical Application of Knowledge Management in Economy

2020 ◽  
Vol 4 (6) ◽  
pp. 454-465
Author(s):  
Eduardo Tomé
Keyword(s):  
Knowledge Management ◽  
Supply And Demand ◽  
Historical Background ◽  
Vocational Education And Training ◽  
Published Data ◽  
Evaluation Procedures ◽  
Macro Scale ◽  
Portuguese Economy ◽  
Democratic Revolution ◽  
The Portuguese Economy

Objectives: The paper tries to analyse the current and historical application of Knowledge Management in the Portuguese Economy, particularly since the democratic revolution of 1974. Methods/Analysis: Study is based in theories about the impacts of knowledge in countries at a micro and a macro scale. A three levels mode is used, related to context (namely 1) Historical background; 2) basic economic and social data: 3) broad vocational education and training (VET) systems; 4) institutional actors; 5) political context),  intervention (namely 1) basic legislative documents, 2) guidelines on eligibility, 3) programs, 4) evaluation procedures) and outcomes (namely 1) stocks, investment, and outcomes; 2) price, quantity, supply, demand, equilibria; 3) needs).  Data used are statistical published data and other published documents. Findings: The context changed for the better, because after 1974 the country rulers installed a regime in which knowledge was not seen like a luxury but as a basic need; the change in context was also helped by the adhesion to the EU, which in turn led to massive interventions supported by funds like the ESF and the Regional fund; as a result outcomes are finally seen, as the increase in supply and demand of knowledge and also in the income and employability of the Portuguese attests. Novelty/Improvement These findings are important because they depict the slow but sure transformation of Portugal into a Knowledge Economy. Should be complemented by a more detailed analysis, with a larger group of researchers. Doi: 10.28991/esj-2020-01245 Full Text: PDF

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