Lains, Pedro - Departamento de Economia, Gestão e Engenharia … - 2006
of ‘cohesion’ countries. Ireland and Portugal stand out as the two extreme examples, as Ireland caught-up to the … forerunners very rapidly after the launching of EMU, in 1992, whereas Portugal lost ground. This paper looks at structural shifts … in order to explain the different performances of the two economies. We conclude that Portugal’s labour productivity lag …