Rebalancing and Jobs

Panagiotis E. Petrakis and Dionysis G. Valsamis

Chapter 2 in The Rebirth of the Greek Labor Market, 2014, pp 19-38 from Palgrave Macmillan

Abstract: Abstract The basic traits that comprise the Greek productive model include the following: (a) a limited share of the tradable sector relative to total production, (b) high debt, (c) low growth, and (d) high unemployment. Despite the crisis, the Greek economy remains introvert, with entrepreneurial activity limited to sectors not subject to international competition.

Keywords: Gross Domestic Product; Total Factor Productivity; Euro Area; Sovereign Debt; Nontradable Good (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-46082-0_2

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DOI: 10.1057/9781137460820_2

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