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Portugal Selected Issues

A range of indicators point to a competitiveness gap of 10–20 percent with respect to euro area competitors. Closing the competitiveness gap will require an extended adjustment period, even with a jump in total factor productivity (TFP) growth and strong wage moderation. This paper reviews several f...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Staff Country Reports
Subjects:
Business Cycles
Labor Costs
Investment
Finance
Labour
Wages, Compensation, And Labor Costs: General
Corporate Finance And Governance: General
Currency
Competition
Trade: General
Exports And Imports
General Financial Markets: General (includes Measurement And Data)
Intangible Capital
International Economics
National Accounts
Export Performance
Labor
Foreign Exchange
Financial Markets
Corporate Finance
Saving And Investment
International Trade
Exports
Investments: General
Macroeconomics
Corporate Investment
Capacity
Exchange Rates
Capital
Finance: General
Income Economics
Portugal
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:A range of indicators point to a competitiveness gap of 10–20 percent with respect to euro area competitors. Closing the competitiveness gap will require an extended adjustment period, even with a jump in total factor productivity (TFP) growth and strong wage moderation. This paper reviews several factors that could help explain the boom and bust behavior of corporate investment. Investor sentiment will recover with the deepening of structural reforms, but high corporate debt level is likely to slow the pace of investment growth in the near future
Physical Description:39 pages
ISBN:9781451832228

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