Asymmetric regional dynamics: from bust to recovery
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://hdl.handle.net/1822/60211 |
Resumo: | 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. |
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Asymmetric regional dynamics: from bust to recoveryRegional developmentEconomic convergenceDebtExportsLocal governmentFiscal decentralizationResilienceInternational financial crisisEurozone crisisRegional 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.Fundação para a Ciência e Tecnologia (FCT), QREN, FEDER, PT2020, COMPETEinfo:eu-repo/semantics/publishedVersionUniversidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)Universidade do MinhoAlexandre, FernandoCosta, HélderPortela, MiguelRodrigues, Miguel Ângelo Vilela20182018-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/1822/60211enghttps://www.eeg.uminho.pt/pt/investigar/nipe/Paginas/publicacoes.aspxinfo: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:RCAAP2023-07-21T12:43:24Zoai:repositorium.sdum.uminho.pt:1822/60211Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:40:53.166631Repositório 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: from bust to recovery |
title |
Asymmetric regional dynamics: from bust to recovery |
spellingShingle |
Asymmetric regional dynamics: from bust to recovery Alexandre, Fernando Regional development Economic convergence Debt Exports Local government Fiscal decentralization Resilience International financial crisis Eurozone crisis |
title_short |
Asymmetric regional dynamics: from bust to recovery |
title_full |
Asymmetric regional dynamics: from bust to recovery |
title_fullStr |
Asymmetric regional dynamics: from bust to recovery |
title_full_unstemmed |
Asymmetric regional dynamics: from bust to recovery |
title_sort |
Asymmetric regional dynamics: from bust to recovery |
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 development Economic convergence Debt Exports Local government Fiscal decentralization Resilience International financial crisis Eurozone crisis |
topic |
Regional development Economic convergence Debt Exports Local government Fiscal decentralization Resilience International financial crisis Eurozone crisis |
description |
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. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018 2018-01-01T00:00:00Z |
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/1822/60211 |
url |
https://hdl.handle.net/1822/60211 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://www.eeg.uminho.pt/pt/investigar/nipe/Paginas/publicacoes.aspx |
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 |
Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
publisher.none.fl_str_mv |
Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
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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