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- W2246855369 abstract "The deepening of economic and financial integration in the European Union has led to different responses in the group of ‘cohesion’ countries. Ireland and Portugal stand out as the two extreme examples, as Ireland caught-up to the forerunners after the launching of EMU, in 1992, whereas Portugal lost ground. This paper looks at structural shifts in order to explain different economic performances within Europe. We conclude that Portugal’s labour productivity lag was the outcome of a less favourable structure of employment; that differences in the structure of employment are not clustered in specific industries; and that such structural differences are associated with different factor endowments, namely physical and human capital. Portugal has a rising competitiveness problem in international markets as real wages have increased faster than labour productivity in the 1990s. That has to be changed by policy measures, by the market through higher levels of unemployment, or by a combination of both." @default.
- W2246855369 created "2016-06-24" @default.
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- W2246855369 date "2010-01-01" @default.
- W2246855369 modified "2023-09-23" @default.
- W2246855369 title "The Portuguese economy in the Irish mirror, 1960-2004" @default.
- W2246855369 hasPublicationYear "2010" @default.
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