Portugal: Selected Issues

International Monetary Fund

No 2005/376, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on Portugal reviews the considerations regarding productivity slowdown. The favorable evolution of income growth from the 1970s to the mid-1990s in Portugal was associated with above-average productivity growth but also reflected a more moderate decline in the amount of hours worked than that experienced in other countries in Europe. Portugal was an outstanding performer with double-digit productivity increases in large several high-tech industries. The evidence suggests that the negative impact of high labor adjustment costs on productivity is more intense for small- and medium-size companies and depends on the nature of wage-bargaining systems.

Keywords: ISCR; CR; Portugal; bank; productivity growth; output response; expenditure measure; bank efficiency; government spending shock; interest margin; productivity deceleration; bank competition; Productivity; Labor productivity; Total factor productivity; Fiscal consolidation; Europe (search for similar items in EconPapers)
Pages: 63
Date: 2005-10-20
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Citations: View citations in EconPapers (1)

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