The convergence of national income to 'European' levels has been a topic in nearly all discussions about the Portuguese economy. In this paper we present an analysis of this convergence process from the early 1950s up until the present day, with particular reference to the potential change in the pattern of convergence after 1986. Two fundamental questions are addressed: (i) has Portuguese income shown a convergence pattern to European Union (EU) levels over time? (ii) Did this pattern change after 1986 when Portugal became a EU member? Our results suggest a positive answer to both questions.
- European economic convergence
- Portuguese economy
- Spanish economy