mardi 17 janvier 2017 : Le système sera arrêté pour permettre l'entretien régulier entre 7h30 et 7h45 (HNE). // Tuesday, January 17 2017 : The system will be going down for regular maintenance between 7:30 and 7:45 (EST) .
The Portuguese economy has performed remarkably well since joining the EU in 1986. Output per worker grew at an annual rate of 2.25%. The relative price of investment has declined. Real investment has increased compared to output, in part fuelled by an increase in capital inflows. At the same time, resource allocation seems
to have improved as well: firm-level data shows a significant decline in the dispersion
of labor productivity and size across firms. This paper argues that improvements in
outside investor rights that have taken place since Portugal joined the EU is a prime
candidate to explain this set of facts.
Université de Montréal, Département de sciences économiques