Unpicking Portugal’s export performance: A microdata analysis

Paula Adamczyk ; Ben Westmore

Organisation for Economic Co-operation and Development

关键词: international trade;    Portugal;    export performance;    financial development;    competitiveness;    microdata;   

DOI  :  https://doi.org/10.1787/71df6aa3-en

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

Portugal has notably increased its international openness over recent decades, with exports’ share of GDP rising by 20 percentage points since 1993. This analysis couples microdata with panel regression techniques to investigate the drivers of Portuguese export growth over the 1995-2016 period. The results highlight that there was no one single factor behind the export expansion. While an improvement in price competitiveness played a significant role, the majority of the increase in exports was explained by other factors. These include increases in the quality of export products and weak domestic demand that prompted firms to increase their focus on foreign markets. The empirical results also suggest that the restoration of the health of the Portuguese financial sector and its further development is beneficial for export growth.