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Reallocation of resources between the tradable and non-tradable sector in Portugal: Assessing the degree of structural transformation in the Portuguese economy
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Orientador(es)
Resumo(s)
Portugal implemented a large number of structural reforms in the recent
years, which are expected to enhance the allocation of resources in the economy, namely
from the non-tradable to tradable sector. We argue that the methodology to identify the
tradable sector used by some international institutions is outdated and may hamper an
accurate assessment of the progress achieved so far. Based on an enhanced methodology
to identify the tradable sector, we are able to provide a more accurate, clearer picture of
the recent structural developments of the Portuguese economy.