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Growth and Convergence in Portugal: Historical and Policy Experiences at National and Metropolitan Level

Author

Listed:
  • Lúcio Vinhas de Souza

    (University of Coimbra, CeBER, Faculty of Economics)

  • Daniel Diaz

    (Brandeis University, United State)

Abstract

Contrary to other EU countries, Portugal has become relatively poorer for almost a quarter of century. Growth decomposition exercises show that this is due to a reduction in capital accumulation and a sharp fall in total factor productivity. There are areas in which the country can act to reduce the fall, by capitalizing on national comparative advantages and the diverse but complementary features of its two largest metropolitan regions, Lisbon and Porto. However, this requires policy changes.

Suggested Citation

  • Lúcio Vinhas de Souza & Daniel Diaz, 2024. "Growth and Convergence in Portugal: Historical and Policy Experiences at National and Metropolitan Level," Notas Económicas, Faculty of Economics, University of Coimbra, issue 58, pages 37-62, December.
    • Handle: RePEc:gmf:journl:y:2024:i:58:p:37:62
    DOI: 10.14195/2183-203X_58_2
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    More about this item

    Keywords

    Economic growth; growth decomposition; economic policies; regional economics; demographics; European Union;
    All these keywords.

    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F6 - International Economics - - Economic Impacts of Globalization
    • H00 - Public Economics - - General - - - General
    • J1 - Labor and Demographic Economics - - Demographic Economics
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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