Portugal : Selected Issues.

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 ho...

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Dettagli Bibliografici
Ente Autore: International Monetary Fund
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2005.
Serie:IMF Staff Country Reports; Country Report ; No. 2005/376
Accesso online:Full text available on IMF
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520 3 |a 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. 
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