The Portuguese Slump and Crash and the Euro Crisis

By Ricardo Reis. 2013

259 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/4cfb6855c98b3da231de7332dd9cbb21f5be67dd

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Citations in the corpus

Inspecting the Mechanism: Leverage and the Great Recession in the Eurozone (2017, background): “Reis (2013) argues that capital misallocation explains the low growth of Portugal between 2000 and 2007 and Gopinath et al. (2015) show the link between capital inflows and low productivity due to misallocation in some periphery countries.”
Capital Flows in the Euro Area (2013, background): “Moreover, as highlighted by Reis (2013), credit frictions in the financial system can mean that capital inflows are misallocated, with incumbent non-productive firms (but possessing collateral assets) can survive through increasing debt levels and thereby inhibiting the expansion of more productive…”
Misallocation and Productivity in the Lead Up to the Eurozone Crisis (2016, background): “Recently, Reis (2013) in searching for the causes of the Portuguese economic slump of the 2000’s argued that certain characteristics of Portugal’s financial sector caused the capital inflows to be largely misallocated, leading to an expansion in the country’s relatively unproductive nontradables…”
Gone with the Headwinds: Global Productivity (2017, background): “…manufacturing sector in Gopinath and others (2015), who link the increased misallocation of capital in Southern Europe to the sharp rise in poorly intermediated capital inflows following the inception of the euro (see also Reis 2013; Borio and others 2016; and Dias, Marques, and Richmond 2016).”
The financial resource curse (2013, unknown): “Indeed, the assumption that knowledge is only partially excludable is a feature of the most influential endogenous growth frameworks, such as the models developed by Romer (1986, 1990), Grossman and Helpman (1991) and Aghion and Howitt (1992).”
Capital Allocation and Productivity in South Europe (2017, background): “Pioneered by Restuccia and Rogerson (2008) and Hsieh and Klenow (2009), the misallocation literature documents large differences in the efficiency of factor allocation across countries and the potential for these differences to explain observed TFP differences.”
Productivity and Misallocation in General Equilibrium* (2017, unknown): “…and Moscoso Boedo (2012), Bartelsman et al. (2013), Caselli and Gennaioli (2013), Neiman and Karabarbounis (2014), Oberfield (2013), Peters (2013), Reis (2013), Asker et al. (2014), Hopenhayn (2014), Moll (2014), Midrigan and Xu (2014), Sandleris and Wright (2014), Edmond et al. (2015), and…”
Large Capital Inflows, Sectoral Allocation and Economic Performance (2015, methodology): “We chose to base our analysis on a broad measure of capital inflows because this is typically the focus of the theoretical literature on capital flows and sectoral allocation of resources (Rebelo and Vegh, 1995; Benigno and Fornaro, 2014; Reis, 2013).”