Spillovers of investment in PPPs onto Portuguese Public and Private investment and GDP

This paper presents results of time series techniques assessing the macroeconomic impact of investment in public-private partnerships (PPPs) on public and private investment in Portugal, using data for the period 1998-2013. The approach used allows the computation of crowding-in/crowding-out effects of investment from PPPs, that is, whether investment in PPPs provides favorable spillovers for the… Continue reading Spillovers of investment in PPPs onto Portuguese Public and Private investment and GDP

Entry and exit in the 2008–2013 Portuguese economic crisis

Recessions are conventionally considered as times in which low-productivity firms are driven out of the market at a relatively accelerated pace and resources freed to more productive uses as a result. But recessions that are closely associated with financial crises can reduce efficiency in resource reallocation through reduced bank lending to profitable projects. Banks may… Continue reading Entry and exit in the 2008–2013 Portuguese economic crisis