The structural adjustment of the Portuguese economy in the context of the economic reform of the Eurozone

Marta Silva and João Carlos Lopes

No 2020/0143, Working Papers REM from ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa

Abstract: This paperaims at analyzing the structural changes that occurred in the Portuguese economy after the 2010/2013 sovereign debt crisis, compared with what occurred in Germany and using the current debate surrounding the new reform of the Eurozone as a backdrop. We thus intend to find out whether a peripheral southern economy like Portugal and the Eurozone’s nuclear economy (Germany) have become closer and, if so, what that means in terms of the sustainability of the Eurozone as a set of different economies sharing the same currency. The study will be framed in the varieties of capitalism theory and in the theory of growth regimes.

Keywords: sovereign debtcrisis; growth regimes; realconvergence; economic structure; varieties of capitalism; Eurozone; Portugal; Germany (search for similar items in EconPapers)
JEL-codes: F45 O11 O47 O52 O57 (search for similar items in EconPapers)
Date: 2020-09
New Economics Papers: this item is included in nep-eec and nep-opm
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Persistent link: https://EconPapers.repec.org/RePEc:ise:remwps:wp01432020

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