Quantitative Evaluation of Portugal’s Economy Recovery in the Period of 2008-2016

The object of the study, presented by the final qualifying work, is the impact of financial crises on the real sector of the economy and the further recovery process which is taking place in a particular country. The subject of the same study is the aforementioned processes in Portugal. The purpose of the work is to determine the mechanisms for the recovery of the country's economy, based on a study of the case of Portugal during the crisis of the eurozone. To accomplish this goal it is necessary to perform a number of tasks. Among them: • Studying of previously submitted pieces of research and theories within the topic of the thesis. • Determining the causes of the crisis and assessing the impact on the real sector of the economy of Portugal. • Review of the structure of the country's recovery policy. • Selection of indicators for assessing recovery in the period under review. • Construction of an econometric model for an integrated assessment of the relationship of the main macroeconomic indicators with changes in GDP as an index of economic development • Identification of mechanisms for the most effective regulation recovery prossess of the country. The results suggest that the fiscal policy of Portugal, aimed at attracting investment capital, was quite successful. According to the results of the regression analysis of the time series, household's disposable income exerts the greatest influence on the changes of GDP (and, accordingly, the economic development of Portugal). In general, the instruments of the recovery policy of Portugal proved to be productive and allowed to mitigate the consequences of the crisis.