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The structure and evolution of production, employment and human capital in Port...

The main purpose of this paper is to analyse the structure and evolution of production, employment and human capital in Portugal, using an inter-industry approach. A descriptive analysis of the sector composition of gross output, value added and employment is made, followed by a quantification of changes in relative labour productivity and primary input content of final demand components. Next, the evolution of...

External dependency, value added generation and structural change: an interindu...

The external dependency of many industries and the corresponding low value added generated in production create high external deficits and growing debt to GDP ratios in several open economies. In this paper we propose an empirical method to assess the evolution of these vulnerabilities, based on a new treatment of interindustry production multipliers. The (gross) output growth potential given by the column sums...

Assessing Economic Complexity with Input-Output Based Measures

Economic complexity can be defined as the level of interdependence between the component parts of an economy. In input-output systems, intersectoral connectedness is a crucial feature of analysis, and there are many different methods for measuring it. Most of the measures, however, have drawbacks that prevent them from being used as a good indicator of economic complexity, because they were not explicitly made ...

A New Kind of Production Multiplier for Assessing the Scale and Structure Effec...

The main purpose of this paper is to develop a new kind of input-output multiplier that would be particularly well suited to quantifying the impacts of final demand changes on the sectoral output growth potential of an economy. Instead of using the traditional output multipliers, solving an appropriate optimization problem provides what can be called input-output Euclidean distance multipliers. This method does...

Assessing Economic Complexity in some OECD countries with Input-Output Based Me...

Economic complexity can be defined as the level of interdependence between the component parts of an economy. In input-output systems intersectoral connectedness is a crucial feature of analysis, and there are many different methods of measuring it. Most of the measures, however, have important drawbacks to be used as a good indicator of economic complexity, because they were not explicitly made with this purpo...

Generalized Dynamic Systems

O impacto económico da integração de Portugal na Europa

Neste artigo é descrito o impacto da adesão de Portugal à CEE sobre a economia portuguesa. São considerados três períodos: o período imediatamente seguinte à adesão, em que o impacto foi claramente positivo, permitindo à economia portuguesa crescer a um ritmo relativamente elevado; o período de preparação para a moeda única, em que se geraram problemas de competitividade externa devido à política macroeconómica...

As Duas Europas

Neste artigo são postas em confronto duas concepções sobre o futuro da União Europeia: o Superestado Europeu, que se considera equivalente ao conceito de “Europa dos Cidadãos” e a Europa como confederação de Estados, que se considera equivalente ao conceito de “Europa dos Estados”. É feita a crítica da primeira concepção e do Tratado Constitucional que, segundo o Autor, se revelará altamente instável. Com base...

A new interrelatedness indicator to measure economic complexity, with an applic...

This paper is about economic complexity, treated as interrelatedness between the parts or sectors of an economy, particularly one represented by an input-output system. The complexity indicator proposed capture two relevant features of interrelatedness that can be separately measured: a dependency effect and a network effect. This indicator can be used in two contexts: the direct connections given by the techni...

Complexity as Interrelatedness: an Input-Output Approach

In this paper we make a first attempt to link two subjects with a potentially useful, but as yet not conveniently explored, connection: the study of complexity and the (Leontief) input-output analysis. In this context, we consider economic complexity as interrelatedness between the different parts or sectors of an economy, as represented by an input-output system and one interesting question emerges, namely: sh...