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Overview An extended period of real convergence in living standards towards the euro area average came to a halt in 2000 and the Portuguese economy continued to slow down in [...]

Introduction A sustained consolidation of public finances is one of the most important challenges facing the authorities. During the latter part of the high growth period, between 1997 and 2000, [...]

The sustainable increase of Portuguese productivity and competitiveness requires a deep modification of the business environment. Bearing in mind the persistent competitiveness loss observed in the last years, the government [...]

INTRODUCTION AND BACKGROUND In May 1995, the OECD Development Centre published a study entitled "Linkages: OECD and major developing economies" (Linkages 1), examining current and prospective economic developments in 15 [...]

INTRODUCTION Technology in the competitiveness debate Over the past years, the notion of "competitiveness" has played a prominent role in discussions about firms' and countries' capacities to compete successfully in [...]

INTRODUCTION The process of regulatory reform has gained some momentum over the past decades. Starting with comprehensive regulatory reform efforts in the United States and the United Kingdom, it has [...]

The private internal rate of return on education is an indicator that measures the effects higher educational attainment has on the earnings of workers relative to the cost of the [...]

The 1996 OECD Economic Survey of Portugal examined social security reform, emphasising the need to enhance the financial sustainability of the social transfer and pension systems and achieve greater efficiency [...]

Within the framework set out by the OECD Jobs Study, the 1996 OECD Economic Survey of Portugal provided a set of detailed policy recommendations for improving the functioning of Portugal's [...]

A COMPARATIVE NOTE INTRODUCTION Nowadays there is great interest in international comparisons of social protection systems. In response to this interest, the OECD social expenditure data base (SOCX) has been [...]

Introduction Since the beginning of the 1990s, consumer-price increases for non-tradeables have exceeded those for tradeables by a significant margin.(25) In international terms this is not unusual, and, indeed, the [...]

Recent developments The slowdown in economic activity, which had commenced in 1991, became more pronounced at the end of 1992. Output declined by around 1/4 per cent in the second [...]

Overview 1993 was characterised by setbacks to monetary and fiscal policy. Fiscal consolidation suffered a severe reverse, as falling output and tax evasion contributed to a deficit overrun of 3 [...]

Accession to the European Community (EC) on 1st January, 1986 marked the end of a lengthy transition period in Portugal's international integration. Application was first made in March 1977, but [...]

OECD ECONOMIC SURVEYS PORTUGAL Table of contents Introduction I. Recent trends Overview Demand and output Labour market developments Renewed wage and price inflation International trade and finance II. Medium-term adjustment: [...]

The Portuguese financial sector has undergone a significant transformation in recent years. Until the late 1980s, state ownership of financial institutions and a myriad of direct controls were more typical [...]

This chapter examines recent progress in structural reform, with a focus on the labour market, increased product market competition and measures related to the health care system. The unemployment rate [...]

The current cycle placed in perspective The economy entered its sixth year of expansion in 1999, private consumption and investment spending being boosted by rising disposable income, lower interest rates, [...]