Acerca da importância da sincronização do ciclo económico português no contexto europeu

Why and how must Portugal be synchronized with the European Union?

António Caleiro

MPRA Paper from University Library of Munich, Germany

Abstract: A retrospective analysis of the Portuguese business cycle synchronization with some business cycles of reference allows us to draw conclusions that support the vital need to invest in domestic production that, by its nature, being exportable and/or being substitute of imports. From this point of view, the increase in competitiveness that is required in the global model of development as a driver of productivity growth is also important given the gains associated with business cycle synchronization with the European business cycle obtained through the exports. This second aspect, less obvious but equally important for a sustained growth path, is the main focus of this paper.

Keywords: Business Cycles; Synchronization Analysis; Portugal; Análise de Sincronização; Ciclos Económicos (search for similar items in EconPapers)
JEL-codes: E02 E32 E61 (search for similar items in EconPapers)
Date: 2011-11-21
New Economics Papers: this item is included in nep-mac
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Related works:
Working Paper: Acerca da importância da sincronização do ciclo económico português no contexto europeu (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:34993

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