Abstract

The Portuguese economy underwent a process of growth and structural transformation during the twentieth century, while the last two decades conveyed a period of considerable creative destruction of firms. Indeed, following a period of rapid economic expansion in the second half of the 1990s, the deterioration of the economic situation felt since 2001 contributed to the deceleration of economic growth, which has also had an impact on firm turbulence. Using Quadros de Pessoal and the Eurostat and OECD methodology (Manual on Business Demography Statistics), this article describes employer enterprise dynamics in Portugal over 1985-2007, and discusses the main stylized facts related to firm creation, performance, and firm size distribution by region and sector.

Highlights

  • Using Quadros de Pessoal and the Eurostat and OECD methodology (Manual on Business Demography Statistics), this article describes employer enterprise dynamics in Portugal over 1985-2007, and discusses the main stylized facts related to firm creation, performance, and firm size distribution by region and sector

  • Entrepreneurship policies became a central part of policy orientation in recent years in Portugal, as it is widely understood that enterprise dynamics allows tackling many problems related to competitiveness and innovation and the growing uncertainty faced in international markets

  • Most studies on enterprise dynamics in Portugal still lack a long run perspective, required to detect underlying structural changes in the entrepreneurial fabric. This analysis provides a threefold perspective of the main stylized facts1 of enterprise creation in Portugal, consolidated over a period of two decades. It focuses on employer enterprises, which are an important source of job creation, playing a fundamental role in economic activity

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Summary

C O I MB RA

THE DYNAMICS OF EMPLOYER ENTERPRISE CREATION IN PORTUGAL OVER THE LAST TWO DECADES: A FIRM SIZE, REGIONAL AND SECTORAL PERSPECTIVE. Using Quadros de Pessoal and the Eurostat and OECD methodology (Manual on Business Demography Statistics), this article describes employer enterprise dynamics in Portugal over 1985-2007, and discusses the main stylized facts related to firm creation, performance, and firm size distribution by region and sector. Este artigo descreve a dinâmica empresarial de empresas empregadoras em Portugal, ao longo de duas décadas (1985-2007), com recurso a uma base de dados concebida a partir dos Quadros de Pessoal, que adopta a metodologia preconizada pela OCDE e Eurostat no «Manual on Business Demography Statistics». The Dynamics of Employer Enterprise Creation in Portugal Over the Last Two Decades: A Firm Size, Regional and Sectoral Perspective

Introduction
Performance Indicators for Employer Enterprises
Employer Enterprises by Size Class
Firms are divided into six different size classes
Firm Size Distribution
Employer Enterprises by Region
Employer Enterprises by Sector
Findings
Main Conclusions
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