The indebtedness of households up until the economic adjustment programme for Portugal: an empirical assessment
https://doi.org/10.3326/pse.44.4.5 | Published online: December 1, 2020 Figure 1
Domestic credit to the private sector in Portugal as % of GDP, 1961‐2011 Figure 2
Long‐term interest rate for convergence purposes for Portugal, 1993‐2012 Figure 3
Annual Portuguese GDP and DCPS growth rates, 1961‐2011 Table 1
Constant Markov transition probabilities matrix (all periods)
Figure 4
State probabilities of the DCPS‐to‐GDP ratio for Portugal, 1961‐2011 Table 2
Granger causality tests
Table 3
Long-run estimates of Portuguese GDP and DCPS
Note: 46 observations for the 1961-2011 and 20 observations for the 1992-2011 period. Source: Authors’ calculations. T-statistics are in parenthesis. Table 4
Vector error correction (VEC) model estimations, 1961-1975
Note: 13 observations. Source: Authors’ calculations. T-statistics are in parenthesis. Table 5
VEC Model: Error‐correction coefficients, 1961-1975
Note: 13 observations. Source: Authors’ calculations. T-statistics are in parenthesis. Figure 5
Current account balance as % of GDP, 1980-2011 Figure 1 Domestic credit to the private sector in Portugal as % of GDP, 1961‐2011 DISPLAY Figure Figure 2 Long‐term interest rate for convergence purposes for Portugal, 1993‐2012 DISPLAY Figure Figure 3 Annual Portuguese GDP and DCPS growth rates, 1961‐2011 DISPLAY Figure Table 1 Constant Markov transition probabilities matrix (all periods) DISPLAY Table Figure 4 State probabilities of the DCPS‐to‐GDP ratio for Portugal, 1961‐2011 DISPLAY Figure Table 2 Granger causality tests DISPLAY Table Table 3 Long-run estimates of Portuguese GDP and DCPS DISPLAY Table Table 4 Vector error correction (VEC) model estimations, 1961-1975 DISPLAY Table Table 5 VEC Model: Error‐correction coefficients, 1961-1975 DISPLAY Table Figure 5 Current account balance as % of GDP, 1980-2011 DISPLAY Figure |
December, 2020 IV/2020 |
