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  • Paper: Resource misallocation contributed to prolonged economic slump in Portugal

    Economists Daniel A. Dias (right) and Christine Richmond say increasing resource misallocation in Portugal contributed to at least 15 years of sluggish economic growth, a finding that could explain the lackluster performance of other European Union countries in the lead-up to the eurozone crisis of 2009.

    Economists Daniel A. Dias (right) and Christine Richmond say increasing resource misallocation in Portugal contributed to at least 15 years of sluggish economic growth, a finding that could explain the lackluster performance of other European Union countries in the lead-up to the eurozone crisis of 2009.

    Photo by L. Brian Stauffer

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  • To contact Daniel A. Dias, call 217-265-0682; email ddias@illinois.edu.
    To contact Christine Richmond, call 217-300-2744; email cjrd@illinois.edu. The paper, “Misallocation and Productivity in the Lead Up to the Eurozone Crisis,” is available online.