Unpicking Portugal’s export performance: A microdata analysis
Paula Adamczyk and
Ben Westmore ()
No 1618, OECD Economics Department Working Papers from OECD Publishing
Portugal has notably increased its international openness over recent decades, with exports’ share of GDP rising by 20 percentage points since 1993. This analysis couples microdata with panel regression techniques to investigate the drivers of Portuguese export growth over the 1995-2016 period. The results highlight that there was no one single factor behind the export expansion. While an improvement in price competitiveness played a significant role, the majority of the increase in exports was explained by other factors. These include increases in the quality of export products and weak domestic demand that prompted firms to increase their focus on foreign markets. The empirical results also suggest that the restoration of the health of the Portuguese financial sector and its further development is beneficial for export growth.
Keywords: competitiveness; export performance; financial development; international trade; microdata; Portugal (search for similar items in EconPapers)
JEL-codes: F10 F14 F43 F65 C32 C55 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fdg and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:oec:ecoaaa:1618-en
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