nep-tur New Economics Papers
on Tourism Economics
Issue of 2006‒04‒01
one paper chosen by
Antonello Scorcu
Universita di Bologna

  1. Instituições, Gestão e Crescimento Económico: Portugal, 1950-1973 By Joaquim da Costa Leite

  1. By: Joaquim da Costa Leite (Universidade de Aveiro)
    Abstract: After a long period of economic divergence before 1914, the Portuguese economy recovered slightly until 1950, entering thereafter on a path of strong economic convergence. This paper focuses on Portuguese economic growth in the period 1950-1973 in order to show how institutional decisions created an opportunity for integration with the developed economies of Western Europe. Through emigration, trade, tourism and foreign investment, individuals and firms changed their patterns of production and consumption, bringing about a structural transformation. Simultaneously, the increasing complexity of a growing economy raised new technical and organizational challenges, stimulating the formation of modern professional and management teams.
    Keywords: Economic growth; Portugal; institutions; management
    JEL: N0 O4 O5
    Date: 2006–03

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