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Since their accession to the European Union in 1986, both Portugal and Spain have benefited from strong financial …
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Since their accession to the European Union in 1986, both Portugal and Spain have benefited from strong financial …
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. It is found that the Law is a good instrument for predicting actual growth in Portugal and this result is reinforced by … performing the McCombie test. Our results reveal that Portugal grew slightly higher relatively to the OECD countries in the … "Thirlwall's Law" implies. Portugal also grew slightly faster than the rate consistent with the balance-of-payments equilibrium …
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