Public policy reforms to further improve Portuguese export performance:
Portugal's export performance over the past decade has been impressive, helping to reduce external imbalances. This partly owed to a sequence of structural reforms that benefited the productivity of the export sector and led to an increase in its size. Nonetheless, exports as a share of GDP and...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2019
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1556 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Portugal's export performance over the past decade has been impressive, helping to reduce external imbalances. This partly owed to a sequence of structural reforms that benefited the productivity of the export sector and led to an increase in its size. Nonetheless, exports as a share of GDP and the stock of foreign direct investment remain below that of other comparable small European economies. Further shifting the orientation of the economy to the external sector is vital for Portugal given the strong link between trade openness and GDP per capita. To do this, policymakers must ensure that policy settings incentivise exporting firms to expand and improve their competitiveness, both through lower price and improved quality. For example, regulatory barriers that reduce competition in professional services should be lowered to improve the cost and quality of intermediate inputs. Increasing the efficiency of domestic infrastructure is also key, especially through competition-enhancing reforms to the port sector. To further differentiate and improve Portuguese export products, skills in the business sector need to be enhanced through better-targeted lifelong learning opportunities. At the same time, there is a need to focus innovation policies on raising the participation of small and medium enterprises in innovative activities. |
| Beschreibung: | 1 Online-Ressource (43 p.) |
| DOI: | 10.1787/4d416a6b-en |
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| spelling | Westmore, Ben VerfasserIn aut Public policy reforms to further improve Portuguese export performance Ben, Westmore and Paula, Adamczyk Paris OECD Publishing 2019 1 Online-Ressource (43 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1556 Portugal's export performance over the past decade has been impressive, helping to reduce external imbalances. This partly owed to a sequence of structural reforms that benefited the productivity of the export sector and led to an increase in its size. Nonetheless, exports as a share of GDP and the stock of foreign direct investment remain below that of other comparable small European economies. Further shifting the orientation of the economy to the external sector is vital for Portugal given the strong link between trade openness and GDP per capita. To do this, policymakers must ensure that policy settings incentivise exporting firms to expand and improve their competitiveness, both through lower price and improved quality. For example, regulatory barriers that reduce competition in professional services should be lowered to improve the cost and quality of intermediate inputs. Increasing the efficiency of domestic infrastructure is also key, especially through competition-enhancing reforms to the port sector. To further differentiate and improve Portuguese export products, skills in the business sector need to be enhanced through better-targeted lifelong learning opportunities. At the same time, there is a need to focus innovation policies on raising the participation of small and medium enterprises in innovative activities. Economics Portugal Adamczyk, Paula MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/4d416a6b-en Volltext |
| spellingShingle | Westmore, Ben Public policy reforms to further improve Portuguese export performance Economics Portugal |
| title | Public policy reforms to further improve Portuguese export performance |
| title_auth | Public policy reforms to further improve Portuguese export performance |
| title_exact_search | Public policy reforms to further improve Portuguese export performance |
| title_full | Public policy reforms to further improve Portuguese export performance Ben, Westmore and Paula, Adamczyk |
| title_fullStr | Public policy reforms to further improve Portuguese export performance Ben, Westmore and Paula, Adamczyk |
| title_full_unstemmed | Public policy reforms to further improve Portuguese export performance Ben, Westmore and Paula, Adamczyk |
| title_short | Public policy reforms to further improve Portuguese export performance |
| title_sort | public policy reforms to further improve portuguese export performance |
| topic | Economics Portugal |
| topic_facet | Economics Portugal |
| url | https://doi.org/10.1787/4d416a6b-en |
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