Portugal: Selected Issues

October 20, 2005

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Portugal: Selected Issues, (USA: International Monetary Fund, 2005) accessed November 23, 2024

Summary

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.

Subject: Banking, Expenditure, Fiscal consolidation, Fiscal policy, Labor productivity, Production, Productivity, Total factor productivity

Keywords: Bank, Bank competition, Bank efficiency, CR, Europe, Expenditure measure, Fiscal consolidation, Government spending shock, Interest margin, ISCR, Labor productivity, Output response, Portugal, Productivity, Productivity deceleration, Productivity growth, Total factor productivity

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/376
Stock No:

1PRTEA2005002
ISBN:

9781451928006
ISSN:

1934-7685

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