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Structural and technological change in the European periphery: The case of Portugal

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  • Argentino Pessoa

    ()
    (CEF.UP and NIFIP, Faculdade de Economia, Universidade do Porto)

Abstract

In the past Portugal managed to grow at a significant rate, but the pace has getting slower and slower from decade to decade, until becoming practically stagnant in the first decade of the 21st century. This stumpy growth together with the current debt crisis has fed the rhetoric of structural reforms in a so obsessive way as if they are a panacea. Our paper shows how structural change was occurred in the Portuguese economy and how it began to be transformed in technological change in the beginning of the 21st. century and argues that structural change and structural reform are two very different concepts and using the latter as a magic potion is more detrimental than beneficial of economic growth and structural change.

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Bibliographic Info

Paper provided by Universidade do Porto, Faculdade de Economia do Porto in its series CEF.UP Working Papers with number 1301.

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Length: 28 pages
Date of creation: Feb 2013
Date of revision:
Handle: RePEc:por:cetedp:1301

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Related research

Keywords: Catching-up; crisis; EMU; peripheral countries; Portuguese economy; structural change; structural reforms; technological change.;

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  1. Maddison, Angus, 1987. "Growth and Slowdown in Advanced Capitalist Economies: Techniques of Quantitative Assessment," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 649-98, June.
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  7. Pessoa, Argentino, 2011. "The Euro Area sovereign debt crisis: Some implications of its systemic dimension," MPRA Paper 35328, University Library of Munich, Germany.
  8. Fagerberg, Jan & Srholec, Martin, 2008. "National innovation systems, capabilities and economic development," Research Policy, Elsevier, Elsevier, vol. 37(9), pages 1417-1435, October.
  9. Dominique Guellec & Bruno van Pottelsberghe de la Potterie, 2000. "The Impact of Public R&D Expenditure on Business R&D," OECD Science, Technology and Industry Working Papers 2000/4, OECD Publishing.
  10. Nadiri, M.I., 1993. "Innovations and Technological Spillovers," Working Papers, C.V. Starr Center for Applied Economics, New York University 93-31, C.V. Starr Center for Applied Economics, New York University.
  11. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, Econometric Society, vol. 60(2), pages 323-51, March.
  12. Fagerberg, Jan, 1988. "International Competitiveness," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 98(391), pages 355-74, June.
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  14. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth Through Creative Destruction," Scholarly Articles 12490578, Harvard University Department of Economics.
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