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Authors
Advisor(s)
Abstract(s)
This paper presents capital services estimates for 26 Portuguese industries for the 1977–2003 period. The estimation procedure follows an inte- grated approach under which the flows of capital services are approximated as a proportion of the capital stock converted into standard efficiency units. Our findings suggest a close proximity between the evolution of capital flows and the observed fluctuations of Portuguese macroeconomic growth. TFP growth estimates based on growth accounting reveal, furthermore, a very disappointing performance of the Portuguese economy during the period under study, with an average annual rate of TFP growth of 0.8% being observed. Performance varies across industries, but the bulk of activities show very modest rates of TFP growth.
Description
Keywords
Capital services TFP Portugal
Pedagogical Context
Citation
Silva, Ester Gomes da (2010). "Capital services estimates in Portuguese industries, 1977–2003". Portuguese Economic Journal, 9(1):35-74
Publisher
Springer Verlag