Agriculture Reference
In-Depth Information
0.08
0.07
0.06
0.05
0.04
0.03
0.02
0.01
0
-0.01
Fig. 8.1 Labor productivity (Production value/number of persons employed) growth rate in
averages (over the period 2004-2011 and across the different forms of the manufacturing sector
considered) for the 30 NUTs III of Portugal
reproduction of recorded media; manufacture of coke, refined petroleum products,
and fuel pellets; manufacture of chemicals and man-made fibers, except pharma-
ceuticals; manufacture of basic pharmaceutical products and pharmaceutical prep-
arations; manufacture of rubber and plastic products; manufacture of other
nonmetallic mineral products; manufacture of basic metals; fabricated metal prod-
ucts, except machinery and equipment; manufacture of computer, communications
equipment, and electronic and optical products; manufacture of electrical equip-
ment; manufacture of machinery and equipment, i.e., manufacture of motor vehi-
cles, trailers, semi-trailers, and vehicle components; manufacture of other transport
equipment; manufacture of furniture and mattresses; other manufacturing; and
repair, maintenance, and installation of machinery and equipment.
The data is relative to the productivity (production value/number of persons
employed), the output, the investment, and other environmental variables, follow-
ing the Keynesian theory and the literature review carried out earlier and summa-
rized in Table
8.1
. The output was deflated with the index consumer prices available
for the period considered and for the Portuguese NUTs II.
Figures
8.1
and
8.2
show the evolution of the productivity growth rate, in
average, for the different Portuguese NUTs III and for the different manufacturing
sectors considered, respectively.
Figure
8.1
shows that the Algarve, A¸ores, and Madeira presented a negative
productivity growth rate, on average, over the period 2004-2011 and across the
several manufacturing sectors. On the other hand, Baixo Mondego, D˜o-Laf˜es,
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