The long-run behaviour of the income velocity of money in Portugal: 1854-1992
Autor(a) principal: | |
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Data de Publicação: | 2005 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/826 |
Resumo: | This paper analyses the behaviour of the Portuguese income velocity of money from 1854, when Portugal precociously accepted the rules of the gold exchange standard and the eve of the European Economic Union. The long run behaviour of income velocity of money in Portugal displays, throughout the entire period, a pattern in line with its relative economic and institutional backwardness. Only from the 1950s on, did a general process of modernization of the Portuguese economy take place. Economic growth was sustained and important institutional aspects related to monetary and financial factors were developed up to 1973. Portuguese income velocity of money displays the U-shaped pattern, which is also apparent in several case-studies concerning developed economies. However, the inflexion point of the trend is delayed to 1973 as a consequence of Portuguese relative economic and institutional backwardness and in line with the Spanish case. |
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The long-run behaviour of the income velocity of money in Portugal: 1854-1992Economic HistoryVelocity of MoneyGolden-patternEuropean IntegrationPortugal (1854-1992)This paper analyses the behaviour of the Portuguese income velocity of money from 1854, when Portugal precociously accepted the rules of the gold exchange standard and the eve of the European Economic Union. The long run behaviour of income velocity of money in Portugal displays, throughout the entire period, a pattern in line with its relative economic and institutional backwardness. Only from the 1950s on, did a general process of modernization of the Portuguese economy take place. Economic growth was sustained and important institutional aspects related to monetary and financial factors were developed up to 1973. Portuguese income velocity of money displays the U-shaped pattern, which is also apparent in several case-studies concerning developed economies. However, the inflexion point of the trend is delayed to 1973 as a consequence of Portuguese relative economic and institutional backwardness and in line with the Spanish case.ISEG - GHESRepositório da Universidade de LisboaNunes, Ana BelaValério, NunoSousa, Rita Martins de2009-04-21T13:16:09Z20052005-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/826engNunes, Ana Bela, Nuno Valério and Rita Martins de Sousa. 2005. "The long-run behaviour of the income velocity of money in Portugal: 1854-1992". Instituto Superior de Economia e Gestão – GHES - Documento de Trabalho/ Working Paper nº 23-2005info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-02-11T01:31:20Zoai:www.repository.utl.pt:10400.5/826Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:49:04.400Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The long-run behaviour of the income velocity of money in Portugal: 1854-1992 |
title |
The long-run behaviour of the income velocity of money in Portugal: 1854-1992 |
spellingShingle |
The long-run behaviour of the income velocity of money in Portugal: 1854-1992 Nunes, Ana Bela Economic History Velocity of Money Golden-pattern European Integration Portugal (1854-1992) |
title_short |
The long-run behaviour of the income velocity of money in Portugal: 1854-1992 |
title_full |
The long-run behaviour of the income velocity of money in Portugal: 1854-1992 |
title_fullStr |
The long-run behaviour of the income velocity of money in Portugal: 1854-1992 |
title_full_unstemmed |
The long-run behaviour of the income velocity of money in Portugal: 1854-1992 |
title_sort |
The long-run behaviour of the income velocity of money in Portugal: 1854-1992 |
author |
Nunes, Ana Bela |
author_facet |
Nunes, Ana Bela Valério, Nuno Sousa, Rita Martins de |
author_role |
author |
author2 |
Valério, Nuno Sousa, Rita Martins de |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Nunes, Ana Bela Valério, Nuno Sousa, Rita Martins de |
dc.subject.por.fl_str_mv |
Economic History Velocity of Money Golden-pattern European Integration Portugal (1854-1992) |
topic |
Economic History Velocity of Money Golden-pattern European Integration Portugal (1854-1992) |
description |
This paper analyses the behaviour of the Portuguese income velocity of money from 1854, when Portugal precociously accepted the rules of the gold exchange standard and the eve of the European Economic Union. The long run behaviour of income velocity of money in Portugal displays, throughout the entire period, a pattern in line with its relative economic and institutional backwardness. Only from the 1950s on, did a general process of modernization of the Portuguese economy take place. Economic growth was sustained and important institutional aspects related to monetary and financial factors were developed up to 1973. Portuguese income velocity of money displays the U-shaped pattern, which is also apparent in several case-studies concerning developed economies. However, the inflexion point of the trend is delayed to 1973 as a consequence of Portuguese relative economic and institutional backwardness and in line with the Spanish case. |
publishDate |
2005 |
dc.date.none.fl_str_mv |
2005 2005-01-01T00:00:00Z 2009-04-21T13:16:09Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/826 |
url |
http://hdl.handle.net/10400.5/826 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Nunes, Ana Bela, Nuno Valério and Rita Martins de Sousa. 2005. "The long-run behaviour of the income velocity of money in Portugal: 1854-1992". Instituto Superior de Economia e Gestão – GHES - Documento de Trabalho/ Working Paper nº 23-2005 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISEG - GHES |
publisher.none.fl_str_mv |
ISEG - GHES |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799130963445284864 |