Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/60211
Título: | Asymmetric regional dynamics: from bust to recovery |
Autor(es): | Alexandre, Fernando Costa, Hélder Portela, Miguel Rodrigues, Miguel Ângelo Vilela |
Palavras-chave: | Regional development Economic convergence Debt Exports Local government Fiscal decentralization Resilience International financial crisis Eurozone crisis |
Data: | 2018 |
Editora: | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
Resumo(s): | Regional convergence stands out in the severe adjustment of the Portuguese economy that followed the international fi nancial crisis.This result contrasts with increasing regional inequality in other European countries. We show that regions' GDP growth rates of the Portuguese economy were driven by debt and exports. Our estimates suggest that differences in regional debt-to-GDP and exports-to-GDP ratios resulted in asymmetric regional economic dynamics. Highly indebted regions had a more severe recession and aslower recovery. Regions more open to trade had a milder recession and a stronger recovery. Finally, our results suggest that fiscal decentralization may improve regions' resilience. |
Tipo: | Documento de trabalho |
URI: | https://hdl.handle.net/1822/60211 |
Versão da editora: | https://www.eeg.uminho.pt/pt/investigar/nipe/Paginas/publicacoes.aspx |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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NIPE_WP_17_2018.pdf | 1,47 MB | Adobe PDF | Ver/Abrir |