THE DETERMINANTS OF ECONOMIC DEVELOPMENT OF GREECE

Ismatilla Mardanov ()
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Ismatilla Mardanov: Southeast Missouri State University

No 9411784, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: Greece?s specialization on tourism and service within the European Union (EU), the lack of its currency, monetary and financial dependence on the EU, and the weak voice in foreign trade decisions put Greece in economic turmoil and made the EU less effective in solving crucial problems in member countries. Using extended data, I have analyzed Greece?s economic growth patterns for 46 years. The results indicate that protection of property rights, government consumption, and service industry had a significant and positive impact on economic growth while tax rates had a significant negative effect on GDP growth rates.

Keywords: Greece; EU; Eurozone; economic growth; political and economic freedom; national debt; global financial crisis (search for similar items in EconPapers)
JEL-codes: O10 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2019-10
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Published in Proceedings of the Proceedings of the 50th International Academic Conference, Paris, Oct 2019, pages 159-164

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:9411784

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