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Acerca da importância da sincronização do ciclo económico português no contexto europeu
[Why and how must Portugal be synchronized with the European Union?]

  • Caleiro, António

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.

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File URL: http://mpra.ub.uni-muenchen.de/34993/1/MPRA_paper_34993.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 34993.

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Date of creation: 21 Nov 2011
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Handle: RePEc:pra:mprapa:34993
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