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Productivity Profile of Portugal

 

Icon made by Freepik from www.flaticon.com Organisations

 

Council for Productivity;

Bank of Portugal;

Office for Strategy and Studies, Ministry for the Economy (GEE).

 

Icon made by Freepik from www.flaticon.com Selected Publications

 

Ministry for the Economy (GEE): Employee Training and Firm Performance: Quasi-Experimental Evidence from the European Social Fund (2020), How Internationalization and Competitiveness Contribute to Get Public Support to Innovation: The Portuguese Case (2019), Competition and Firm Productivity: Evidence from Portugal (2018), The Determinants of TFP Growth in the Portuguese Service Sector (2018), Portugal: a Paradox in Productivity (2017);

Banco de Portugal: Portugese Eocnomic Growth: A view on structural features, blockages, reforms (2019), What is the Impact of Increased Business Competition? (2019), Regulatory costs and performance of Portuguese (2019), Bank credit allocation and productivity: stylised facts for Portugal (2018), Fear the walking dead: zombie firms, spillovers and exit barriers (2018);

Council for Productivity: Productivity Report (2019)

 

Icon made by Smashicons from www.flaticon.com Data

 

PRT productivity growth graph‌ 

 

Click here to access our Compare-Your-Country tool and explore productivity data from the GFP member countries.  

 

 Latest OECD Recommendations

 

  • Long court proceedings can hamper timely contract enforcement for businesses affecting productivity. Increase the managerial autonomy of the courts so that they can effectively allocate resources such as judges, other judiciary staff and budgets;
  • Set up an independent supervisory body to ensure that regulations in the legal profession are in the public interest;
  • Lengthy insolvency procedures make corporate loans more risky and affect productivity. The tax system encourages debt financing. Improve the workings of insolvency rules by reconsidering the privileged treatment of public creditors, enlarging the scope for simple-majority decisions among creditors and shortening out-of-court settlement procedures;
  • Revise land use regulations and limit discretionary powers of municipalities in licensing procedures to spur business investment in dwellings as well as to boost housing supply and help labour mobility;
  • Perform a thorough evaluation of all vocational training programs. Unify the different systems of vocational education by establishing a single dual VET system, including work-based learning in companies.

 

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