Portuguese economic growth revisited: a technology-gap explanation

José Afonso Mendes (), Sandra T. Silva () and Ester Silva ()
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José Afonso Mendes: Faculdade de Economia, Universidade do Porto
Sandra T. Silva: Faculdade de Economia, Universidade do Porto, CEF.UP

FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto

Abstract: After a period of convergence where many perceived the country as a success case, Portugal’s economic performance proved to be disappointing in the last decade. In this study we focus on the relationship between technology and economic catching-up in order to answer to two major questions: (i) Has the technological structure of the Portuguese economy been an obstacle for catching up? (ii) What was the role played by the inefficient use of the available resources? Using Data Envelopment Analysis (DEA), we show that over the last few decades the efficiency level of Portugal relative to a sample of 19 OECD countries fell sharply, which resulted in a divergent pattern of the Portuguese economy relative to the technological frontier.

Keywords: Economic growth; Catching-up, Technology, Structural Change, Innovation (search for similar items in EconPapers)
JEL-codes: L16 O3 O43 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2014-10
New Economics Papers: this item is included in nep-eec and nep-gro
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