Fiscal Deficits and the Role of the State in the Greek Economy

Matthew J. Lambrinides and Theophanis B. Pakos
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Matthew J. Lambrinides: Pantion University
Theophanis B. Pakos: Pantion University

Chapter 4 in Issues in Contemporary Economics, 1992, pp 30-41 from Palgrave Macmillan

Abstract: Abstract There is almost universal agreement that the expansion of public-sector indebtedness has been one of the most serious problems plaguing the Greek economy during the 1980s. As can be seen from the figures on public expenditure and taxes presented in Table 4.1, the large increase in fiscal deficits occurred after 1981. This has been a period of deepening crisis for the Greek economy, as evidenced by the marked deceleration in economic growth and private investment activity.

Keywords: Gross Domestic Product; Public Expenditure; Government Expenditure; Shadow Economy; Social Expenditure (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-11955-4_4

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