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Convergence, divergence and policy

Portugal in the European Union

Bibliographic Data

ID8041858
AuthorsPedro Lains (0000-0003-1810-1734, Instituto de Ciências Sociais, University of Lisbon, Lisbon, Portugal, corresponding author)
Year2018
Volume42
Issue5
Pages1094-1114
Publication date2018-11-20
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueWest European Politics (JOURNAL)
Journal identifiersISSN: 0140-2382 • E-ISSN: 1743-9655
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/01402382.2018.1522833
OpenAlexW2897739337
LanguageEN
Citations received3
References cited43

This article deals with the connections between economic policy and economic convergence and divergence in the European Union, by looking at the case of Portugal, still today one of its least developed member states. European and domestic economic policies changed across the period here studied, shifting from an emphasis on programmes aimed at fostering investment in infrastructure and knowledge, such as the structural and regional development funds, to policies giving greater relevance to fiscal and financial equilibria. This shift in policies was followed by economic divergence. As the negative correlation between growth and monetarist policies became increasingly salient, electoral shifts and governmental change led to an overhaul of economic policy. One-size-fits-all European monetary policies lowered the potential for integration, whereas a higher level of domestic participation may lead to the opposite effect, opening up the prospect of higher growth and a return to a slower, but more balanced economic convergence. The experience of the periphery may therefore have lessons for the deepening of European integration

Convergence (economics · Divergence (linguistics · Economic policy · Economic system · Economics · European union · Fiscal policy · International economics · Investment (military · Macroeconomics · Political science · Politics · Salient · Local Government Finance and Decentralization · Regional Development and Policy · Social Policy and Reform Studies

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Unique citing works3
Citations per year0,43
Citation span2019 - 2021 (3)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 3

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