Value creation in Portugal

摘要

This study aims to quantify the value creation in Portugal, comparing it to the value creation in other European countries. After a state of the art review, an algorithm was identified that computes the created value as the difference between Gross Value Added and the replacement needs of the stock of value. It was applied to long term data of economic sectors in Portugal and in other European countries. The results show a sensitive indicator of short-term changes, and very dependent on the established minimum rate of return.