Reallocation of Resources between Tradable and Non-Tradable Sectors in Portugal: Developing a new Identification Strategy for the Tradable Sector

Ana Fontoura Gouveia () and Filipa Canas ()
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Ana Fontoura Gouveia: Gabinete de Planeamento, Estratégia, Avaliação e Relações Internacionais / Office for Economic Policy and International Affairs - Ministério das Finanças / Ministry of Finance

No 60, GEE Papers from Gabinete de Estratégia e Estudos, Ministério da Economia

Abstract: Portugal implemented a large number of structural reforms in the recent years, which are expected to enhance the allocation of resources in the economy, namely from the non-tradable to the tradable sector. We argue that the methodology to identify the tradable sector used by some international institutions is outdated and may hamper an accurate assessment of the structural progress achieved so far. Based on an enhanced methodology to identify the tradable sector of the economy, we provide more solid ground for future assessments of structural economic developments. By looking at some standard economic indicators, we show that our new criterion provides a different picture of the resource allocation in the Portuguese economy and of the adjustment of the recent years as compared to the one provided by commonly used criteria.

Keywords: Allocative Efficiency; Trade; Microeconomic Policy (search for similar items in EconPapers)
JEL-codes: D04 D61 E F14 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2016-02, Revised 2016-02
New Economics Papers: this item is included in nep-cse, nep-ger and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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