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 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.
Saved in:
freely available
Saved in favorites
Similar items by subject
-
(2007)
-
China's Growth and Integration into the World Economy; Prospects and Challenges
Prasad, Eswar, (2004)
-
Competitiveness in the CFA Franc Zone
Tsangarides, Charalambos G., (2007)
- More ...
Similar items by person