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Export-Driven Adjustment in Portugal

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  • Reinhard Felke
  • Sven Eide

Abstract

Macroeconomic imbalances in the eurozone have decreased significantly since the beginning of the financial and economic crisis. In Portugal, the economic adjustment process is strongly being driven by growth in export activity. The recent improvement in price competitiveness has supported the positive export trend. However, there are structural challenges that limit the potential for growth in the tradable sector. To ensure that the adjustment process is sustainable, it needs to be backed up by targeted structural reforms. This article aims to contribute to the discussion about the reduction of macroeconomic imbalances in the eurozone by analysing the determinants of export growth in Portugal and the role played by the adjustment policies contained in the macroeconomic programme. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Reinhard Felke & Sven Eide, 2014. "Export-Driven Adjustment in Portugal," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 49(3), pages 170-178, May.
    • Handle: RePEc:spr:intere:v:49:y:2014:i:3:p:170-178
    DOI: 10.1007/s10272-014-0497-8
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    Cited by:

    1. Celeste Varum & Carmen Guimarães & José Martinho Oliveira & Ana Martins, 2020. "Industrial dynamics in the context of a region’s international competitiveness," Local Economy, London South Bank University, vol. 35(3), pages 209-229, May.
    2. Wim Naudé & Martin Cameron, 2021. "Export-Led Growth after COVID-19: The Case of Portugal," Notas Económicas, Faculty of Economics, University of Coimbra, issue 52, pages 7-53, July.
    3. Roumeen Islam, 2017. "Growth after Crisis in Europe: An Interdependence of Macroeconomic and Structural Policies," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 11(2), pages 19-62, December.

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