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Sobre a perda de ímpeto no processo de convergência da economia portuguesa: uma abordagem dogmática

  • Miguel Lebre de Freitas

    (University of Aveiro)

Neste artigo argumenta-se que a perda progressiva de ímpeto observada na trajectória de convergência da Economia Portuguesa é consistente com a interpretação neo-clássica, segundo a qual as economias crescerão tão mais devagar quanto mais próximas estiverem do seu equilíbrio de longo prazo. Com base num exercício simples de contabilidade de níveis, argumenta-se que o impulso de crescimento observado na segunda metade do século passado terá sido essencialmente induzido por um aumento da produtividade total dos factores (PTF), ocorrido nas décadas de 60 e 70. Relativamente às duas décadas seguintes, não se detectam novos movimentos de convergência em termos de PTF. Pelo contrário, os resultados da análise sugerem que a convergência do PIB por trabalhador registada nas últimas duas décadas do século XX foi essencialmente a tradução do processo de ajustamento da economia ao impulso inicial na PTF.

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Article provided by Faculdade de Economia, Universidade de Coimbra in its journal Notas Económicas.

Volume (Year): (2007)
Issue (Month): 25 (June)
Pages: 27-41

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Handle: RePEc:gmf:journl:y:2007:i:25:p:27-41
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