Asymmetric regional dynamics in the Portuguese economy: debt, openness and local revenues

Detalhes bibliográficos
Autor(a) principal: Alexandre, Fernando
Data de Publicação: 2021
Outros Autores: Costa, Hélder, Portela, Miguel, Rodrigues, Miguel Ângelo Vilela
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://hdl.handle.net/1822/83453
Resumo: Regional convergence stands out in the adjustment of the Portuguese economy that followed the international financial crisis. This outcome contrasts with increasing regional inequality in other European countries. We investigate the role of regional indebtedness, openness to trade and local fiscal autonomy in regions’ economic performance. Using a novel database, we contribute to a better understanding of the linkages between macroeconomic imbalances and regional economic dynamics. Our estimates suggest that regions’ indebtedness had a negative impact on economic growth. On the other hand, openness to trade and fiscal decentralization had a positive impact on economic growth.
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spelling Asymmetric regional dynamics in the Portuguese economy: debt, openness and local revenuesRegional economic convergenceResilienceDebtOpenness to tradeFiscal decentralizationInternational financial crisisCiências Sociais::Ciências PolíticasSocial SciencesScience & TechnologyRegional convergence stands out in the adjustment of the Portuguese economy that followed the international financial crisis. This outcome contrasts with increasing regional inequality in other European countries. We investigate the role of regional indebtedness, openness to trade and local fiscal autonomy in regions’ economic performance. Using a novel database, we contribute to a better understanding of the linkages between macroeconomic imbalances and regional economic dynamics. Our estimates suggest that regions’ indebtedness had a negative impact on economic growth. On the other hand, openness to trade and fiscal decentralization had a positive impact on economic growth.This paper was financed by the National Funds of the FCT - Fundacao para a Ciencia e a Tecnologia (Portuguese Foundation for Science and Technology) [project numbers UID/ECO/03182/2019 and PTDC/EGE-ECO/29822/2017] (`It's All About Productivity: Contributions to the Understanding of the Sluggish Performance of the Portuguese Economy').RoutledgeUniversidade do MinhoAlexandre, FernandoCosta, HélderPortela, MiguelRodrigues, Miguel Ângelo Vilela20212021-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/1822/83453engAlexandre, F., Costa, H., Portela, M., & Rodrigues, M. (2020, September 9). Asymmetric regional dynamics in the Portuguese economy: debt, openness and local revenues. Regional Studies. Informa UK Limited. http://doi.org/10.1080/00343404.2020.18020040034-34041360-059110.1080/00343404.2020.1802004https://www.tandfonline.com/doi/full/10.1080/00343404.2020.1802004info: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:RCAAP2023-07-21T12:36:17Zoai:repositorium.sdum.uminho.pt:1822/83453Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:32:19.548653Repositório 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 Asymmetric regional dynamics in the Portuguese economy: debt, openness and local revenues
title Asymmetric regional dynamics in the Portuguese economy: debt, openness and local revenues
spellingShingle Asymmetric regional dynamics in the Portuguese economy: debt, openness and local revenues
Alexandre, Fernando
Regional economic convergence
Resilience
Debt
Openness to trade
Fiscal decentralization
International financial crisis
Ciências Sociais::Ciências Políticas
Social Sciences
Science & Technology
title_short Asymmetric regional dynamics in the Portuguese economy: debt, openness and local revenues
title_full Asymmetric regional dynamics in the Portuguese economy: debt, openness and local revenues
title_fullStr Asymmetric regional dynamics in the Portuguese economy: debt, openness and local revenues
title_full_unstemmed Asymmetric regional dynamics in the Portuguese economy: debt, openness and local revenues
title_sort Asymmetric regional dynamics in the Portuguese economy: debt, openness and local revenues
author Alexandre, Fernando
author_facet Alexandre, Fernando
Costa, Hélder
Portela, Miguel
Rodrigues, Miguel Ângelo Vilela
author_role author
author2 Costa, Hélder
Portela, Miguel
Rodrigues, Miguel Ângelo Vilela
author2_role author
author
author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Alexandre, Fernando
Costa, Hélder
Portela, Miguel
Rodrigues, Miguel Ângelo Vilela
dc.subject.por.fl_str_mv Regional economic convergence
Resilience
Debt
Openness to trade
Fiscal decentralization
International financial crisis
Ciências Sociais::Ciências Políticas
Social Sciences
Science & Technology
topic Regional economic convergence
Resilience
Debt
Openness to trade
Fiscal decentralization
International financial crisis
Ciências Sociais::Ciências Políticas
Social Sciences
Science & Technology
description Regional convergence stands out in the adjustment of the Portuguese economy that followed the international financial crisis. This outcome contrasts with increasing regional inequality in other European countries. We investigate the role of regional indebtedness, openness to trade and local fiscal autonomy in regions’ economic performance. Using a novel database, we contribute to a better understanding of the linkages between macroeconomic imbalances and regional economic dynamics. Our estimates suggest that regions’ indebtedness had a negative impact on economic growth. On the other hand, openness to trade and fiscal decentralization had a positive impact on economic growth.
publishDate 2021
dc.date.none.fl_str_mv 2021
2021-01-01T00:00:00Z
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 https://hdl.handle.net/1822/83453
url https://hdl.handle.net/1822/83453
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Alexandre, F., Costa, H., Portela, M., & Rodrigues, M. (2020, September 9). Asymmetric regional dynamics in the Portuguese economy: debt, openness and local revenues. Regional Studies. Informa UK Limited. http://doi.org/10.1080/00343404.2020.1802004
0034-3404
1360-0591
10.1080/00343404.2020.1802004
https://www.tandfonline.com/doi/full/10.1080/00343404.2020.1802004
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 Routledge
publisher.none.fl_str_mv Routledge
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
repository.mail.fl_str_mv
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