The Economic Effects of Improving Investor Rights in Portugal
| dc.contributor.author | Castro, Rui | |
| dc.contributor.author | Clementi, Gian Luca | |
| dc.date.accessioned | 2010-07-29T16:05:31Z | |
| dc.date.available | 2010-07-29T16:05:31Z | |
| dc.date.issued | 2009-02 | |
| dc.identifier.uri | http://hdl.handle.net/1866/3992 | |
| dc.publisher | Université de Montréal. Département de sciences économiques. | fr |
| dc.subject | Macroeconomics | en |
| dc.subject | Investment Rate | en |
| dc.subject | Relative Prices | en |
| dc.subject | Resource Misallocation | en |
| dc.subject | Investor Protection | en |
| dc.subject | Optimal Contracts | en |
| dc.subject | Portugal | en |
| dc.subject | JEL Codes: E22, F43, G32, G38, O16, O17, O41 | en |
| dc.title | The Economic Effects of Improving Investor Rights in Portugal | en |
| dc.type | Article | en |
| dc.contributor.affiliation | Université de Montréal. Faculté des arts et des sciences. Département de sciences économiques | |
| dcterms.abstract | 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. | en |
| dcterms.isPartOf | urn:ISSN:0709-9231 | |
| dcterms.language | eng | en |
| UdeM.VersionRioxx | Version publiée / Version of Record | |
| oaire.citationTitle | Cahier de recherche | |
| oaire.citationIssue | 2009-07 |
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