The Sraffian Multiplier and the Key-Commodities for the Greek Economy: Evidence from the Input-Output Tables for the Period 2000-2010

Nikolaos Ntemiroglou ()
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Nikolaos Ntemiroglou: Department of Public Administration, Panteion University, Athens, Greece

Bulletin of Political Economy, 2016, vol. 10, issue 1, 1-24

Abstract: The scope of this paper is to specify the ‘key-commodities’ for the Greek economy through the estimation of the ‘static’ Sraffian multiplier and the related employment multipliers for the years 2000, 2005 and 2010. Although a positive trend in the output multiplier was found over time, the employment multipliers declined. It was found that a management of effective demand shall target on the primary and service sector in short term, but in the long run structural changes and strengthening of inter-sectoral relations are necessary in the industry.

Date: 2016
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