Growth and Convergence in Portugal: Historical and Policy Experiences at National and Metropolitan Level

Lúcio Vinhas de Souza () and Daniel Diaz ()
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Lúcio Vinhas de Souza: University of Coimbra, CeBER, Faculty of Economics
Daniel Diaz: Brandeis University, United State

Notas Económicas, 2024, issue 58, 37-62

Abstract: Contrary to other EU countries, Portugal has become relatively poorer for almost a quarter of century. Growth decomposition exercises show that this is due to a reduction in capital accumulation and a sharp fall in total factor productivity. There are areas in which the country can act to reduce the fall, by capitalizing on national comparative advantages and the diverse but complementary features of its two largest metropolitan regions, Lisbon and Porto. However, this requires policy changes.

Keywords: Economic growth; growth decomposition; economic policies; regional economics; demographics; European Union (search for similar items in EconPapers)
JEL-codes: F4 F6 H00 J1 O1 O4 O5 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:gmf:journl:y:2024:i:58:p:37:62

DOI: 10.14195/2183-203X_58_2

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