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Economic Stabilization and Growth in Portugal

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  • Mr. Hans O. Schmitt

Abstract

This paper reviews economic stabilization and growth in Portugal during the 1970s. Following a decade of rapid growth with external equilibrium, the Portuguese economy in the early 1970s suffered a series of major shocks. The paper highlights that the problem of managing economic growth with a balance-of-payments constraint was new to Portugal. The paper reviews the issues that had to be resolved to develop an effective program. The economic outturn is also critically examined in this paper.

Suggested Citation

  • Mr. Hans O. Schmitt, 1981. "Economic Stabilization and Growth in Portugal," IMF Occasional Papers 1981/001, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1981/001
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    Citations

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    Cited by:

    1. João Sousa Andrade & Adelaide Duarte, 2011. "The Fundamentals of the Portuguese Crisis," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(2), pages 195-218, June.
    2. Manuela SILVA, 1982. "Stabilization Policies And Development," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 53(2), pages 187-198, April.
    3. Kopits, György, 1995. "Az előre bejelentett csúszó árfolyamrendszer Magyarországon [Preannounced crawlling peg regime in Hungary]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 797-818.
    4. Luciano Amaral & Bruno Lopes Marques & João Pereira dos Santos, 2022. "Measuring the carnation revolution: a synthetic control analysis of economic crisis in Portugal (1974-1992)," Nova SBE Working Paper Series wp641, Universidade Nova de Lisboa, Nova School of Business and Economics.
    5. João Sousa Andrade & Adelaide Duarte, 2011. "Fundamentals of the Portuguese Crisis," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(2), pages 195-218.

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