Portugal: Selected Issues

October 31, 2006

Preview Citation

Format: Chicago

Portugal: Selected Issues, (USA: International Monetary Fund, 2006) accessed September 20, 2024

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.

Subject: Competition, Corporate investment, Exchange rates, Export performance, Exports, Financial markets, Foreign exchange, International trade, National accounts

Keywords: Aggregate investment function, Business investment, Competition, Corporate investment, CR, Debt, Debt hypothesis, Europe, Exchange rate, Exchange rates, Export, Export performance, Exports, Global, Investment, Investment decision, ISCR, Undertaking investment project

Publication Details

Pages:

39
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/386
Stock No:

1PRTEA2006003
ISBN:

9781451832228
ISSN:

1934-7685

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