The Greek Maritime Cluster as a Driving Force for the Economy's Restarting

Theodoropoulos Sotirios and Tassopoulos Eugenios

International Journal of Economics & Business Administration (IJEBA), 2014, vol. II, issue 3, 3-14

Abstract: Clusters as a geographical concentration of independent activities have been for a long time recognized as a crucial instrument for promoting industrial development, innova-tion, competitiveness and growth. A vast literature and worldwide experience has emerged and is associated with the most dynamic economies. The maritime industries and services compromise of a wide range of sectoral activities producing internationally tradable goods and services in a most competitive world envi-ronment. In Greece, the shipping sector traditionally has a sizeable contribution to the Greek economy mainly by its revenues from seaborne transportation services. At the same time, the contribution from the other categories of the maritime cluster in domestic value added is relatively limited. There is a significant scope to benefit from more bal-anced maritime activities, with appropriate policies providing huge business opportuni-ties and generating production, value added, employment, direct in the maritime sector and the rest of the economy through multiplied indirect effects. By this paper, we aim to present the economic importance of the Greek maritime cluster to the economy and its related macroeconomic aggregates, as also in the country's ex-ternal balance, competitiveness, economic confidence and stability. We are going to attempt to explore future prospects and appropriate policy instruments in the main field of the Greek maritime cluster, by which the unexploited opportunities can contribute to the country's effort exiting from the current crisis.

JEL-codes: D L L92 R1 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ersj.eu/repec/ers/pijeba/14_3_p1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ers:ijebaa:v:ii:y:2014:i:3:p:3-14

Access Statistics for this article

More articles in International Journal of Economics & Business Administration (IJEBA) from International Journal of Economics & Business Administration (IJEBA)
Bibliographic data for series maintained by Marios Agiomavritis ().