IMF Staff Country Reports

Portugal: Selected Issues

Publication Date:

October 11, 2007

Electronic Access:

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Summary:

This Selected Issues paper analyzes Portugal’s export performance in 2006 and assesses whether it might augur a sustained recovery. The paper examines the factors underlying the recent export rebound, and searches for signs of fundamental changes in structures of the export industries during the last decade. It highlights the importance of labor market flexibility. Using a four-country version of the IMF Global Economic Model, the paper attempts to illustrate the benefits of labor market reform to help close the competitiveness gap.

Series:

Country Report No. 2007/342

Subject:

Exports Income tax systems International trade Labor Labor market flexibility Labor markets Personal income tax Revenue administration Tax administration core functions Taxes