What has been driving the fluctuations in the portuguese economy? A business-cycle accounting approach

Detalhes bibliográficos
Autor(a) principal: Abreu, Frederico Figueiroa Teixeira de
Data de Publicação: 2018
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/16571
Resumo: Mestrado em Economia
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spelling What has been driving the fluctuations in the portuguese economy? A business-cycle accounting approachCiclos económicosMacroeconomiaEconomia PortuguesaCrise económicaPortugalBusiness Cycle AccountingReal Business CycleInvestment WedgeEfficiency wedgePortuguese EconomyMacroeconomicsMestrado em EconomiaA comunidade cientifica tem examinado a economia portuguesa na procura por uma possível justificação para a década perdida e, mais recentemente, a crise da dívida soberana. Nesta dissertação dedico-me a medir e avaliar as flutuações da economia portugesa através de um método chamado Business cycle Accounting. Na aplicação deste método foco-me em três períodos chave, que resultam da subdivisão do período entre 1992 e hoje. Após obter o resultado que a Investment wedge foi a distorção que melhor explica as flutuações da economia portuguesa entre 1992 e 2001, e entre 2007 e 2014 e a efficiency wedge a que melhor explica esta evolução para o período entre 2001 e 2007, dedico me a procurar na literatura explicações plausíveis para este resultado. Em conclusão, estes resultados obtidos discordam com literatura passada na aplicação deste método à economia portuguesa.The Portuguese economy has been submitted to a thorough evaluation by the scientific community, in a search to explain the Portuguese ?lost decade? and, more recently, the sovereign-debt crisis following the Great Recession. In this dissertation I measure and evaluate the fluctuations in the Portuguese economy using the Business-Cycle Accounting (BCA) method. I especially focus on three economic crises that hit the Portuguese economy from 1992 to the present day. I also provide some context on the shape of the Portuguese economy, mainly by checking what were the biggest obstacles to growth according to the literature. Applying the BCA procedure to the Portuguese economy led to the conclusion that the investment wedge had the largest role in explaining the fluctuations of the economy as a whole for both the 1992-2001 and 2007-2014 periods and that the efficiency wedge played a major role in the 2001-2007 slump. According to Portugal and Blanchard (2017) there is a cycle throughout 1992-2013. The period studied on this dissertation will focus on this cycle and its boom, slump and recession sub-periods. The conclusions obtained are somewhat different from those in the previous BCA literature on the Portuguese economy. Namely, the efficiency wedge is the main explainer in both Iskrev (2013) and Cavalcanti (2007), although providing a similar result to the period in study they disregard the importance of the investment wedge.Instituto Superior de Economia e GestãoCosta, Luís F.Brinca, PedroRepositório da Universidade de LisboaAbreu, Frederico Figueiroa Teixeira de2019-01-02T10:34:41Z2018-092018-09-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.5/16571engAbreu, Frederico Figueiroa Teixeira de (2018). "What has been driving the fluctuations in the portuguese economy? A business-cycle accounting approach". Dissertação de Mestrado, Universidade de Lisboa. Instituto Superior de Economia e Gestão.info: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:RCAAP2023-03-06T14:46:22Zoai:www.repository.utl.pt:10400.5/16571Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:01:57.384316Repositório 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 What has been driving the fluctuations in the portuguese economy? A business-cycle accounting approach
title What has been driving the fluctuations in the portuguese economy? A business-cycle accounting approach
spellingShingle What has been driving the fluctuations in the portuguese economy? A business-cycle accounting approach
Abreu, Frederico Figueiroa Teixeira de
Ciclos económicos
Macroeconomia
Economia Portuguesa
Crise económica
Portugal
Business Cycle Accounting
Real Business Cycle
Investment Wedge
Efficiency wedge
Portuguese Economy
Macroeconomics
title_short What has been driving the fluctuations in the portuguese economy? A business-cycle accounting approach
title_full What has been driving the fluctuations in the portuguese economy? A business-cycle accounting approach
title_fullStr What has been driving the fluctuations in the portuguese economy? A business-cycle accounting approach
title_full_unstemmed What has been driving the fluctuations in the portuguese economy? A business-cycle accounting approach
title_sort What has been driving the fluctuations in the portuguese economy? A business-cycle accounting approach
author Abreu, Frederico Figueiroa Teixeira de
author_facet Abreu, Frederico Figueiroa Teixeira de
author_role author
dc.contributor.none.fl_str_mv Costa, Luís F.
Brinca, Pedro
Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Abreu, Frederico Figueiroa Teixeira de
dc.subject.por.fl_str_mv Ciclos económicos
Macroeconomia
Economia Portuguesa
Crise económica
Portugal
Business Cycle Accounting
Real Business Cycle
Investment Wedge
Efficiency wedge
Portuguese Economy
Macroeconomics
topic Ciclos económicos
Macroeconomia
Economia Portuguesa
Crise económica
Portugal
Business Cycle Accounting
Real Business Cycle
Investment Wedge
Efficiency wedge
Portuguese Economy
Macroeconomics
description Mestrado em Economia
publishDate 2018
dc.date.none.fl_str_mv 2018-09
2018-09-01T00:00:00Z
2019-01-02T10:34:41Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/16571
url http://hdl.handle.net/10400.5/16571
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Abreu, Frederico Figueiroa Teixeira de (2018). "What has been driving the fluctuations in the portuguese economy? A business-cycle accounting approach". Dissertação de Mestrado, Universidade de Lisboa. Instituto Superior de Economia e Gestão.
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 Instituto Superior de Economia e Gestão
publisher.none.fl_str_mv Instituto Superior de Economia e Gestão
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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