Low productivity: resource allocation and obstacles to business growth in the Portuguese economy

Low productivity: resource allocation and obstacles to business growth in the Portuguese economy, by Bruno Trancoso da Rocha, addresses the connection between the Portuguese business composition and the economy's aggregate productivity performance over the past 15-20 years. The paper presents evidence to the fact that the predominance in Portugal of companies of persistently reduced size and productivity translates into losses in aggregate productivity. The author suggests further arguments for the reason of the existing business fragmentation. 

The “Occasional Paper” series comprises sporadic articles on any matter related to the mission and tasks of the Portuguese Public Finance Council, signed by the authors. 

This publication is only available in Portuguese.