Application of Keynesian and convergence theories in Portugal. An alternative approach

Vítor Martinho ()

MPRA Paper from University Library of Munich, Germany

Abstract: This work aims to test the Verdoorn Law, with the alternative specifications of (1)Kaldor (1966), for five Portuguese regions (NUTS II) from 1986 to 1994. It is intended to test, even in this work, the alternative interpretation of (2)Rowthorn (1975) of the Verdoorn's Law for the same regions and periods. The results of this work will be complemented with estimates of these relationships to other sectors of the economy than the industry (agriculture and services sectors) and for the total economy of each region. The aim of this paper is, also, to present a further contribution to the analysis of absolute convergence, associated with the neoclassical theory, of the sectoral productivity at regional level.

Keywords: polarization; convergence; Portuguese regions; linear models; panel data (search for similar items in EconPapers)
JEL-codes: C23 O18 R11 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-pke
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