Multiplier effects by sector: an input-output analysis of the Greek economy

Constantina Backinezos, Stelios Panagiotou () and Evangelia Vourvachaki
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Constantina Backinezos: Bank of Greece
Evangelia Vourvachaki: Bank of Greece

Economic Bulletin, 2020, issue 52, 7-28

Abstract: This study presents the output, gross value added and employment multipliers for the Greek economy based on the most recent Input-Output tables of 2015, which were compiled according to the European System of Accounts (ESA) 2010. The analysis utilises the Leontief model, in both the “open” and “closed” variations with respect to households’ consumption, which allows to assess, at a disaggregated sectoral level, the direct and indirect production effects, as well as the induced consumption effects caused by exogenous changes in the final demand of each sector. The multipliers offer an up-to-date and systematic ranking of sectors according to their economy-wide potential impact owing to their technological features and inter-sectoral linkages.

Keywords: input-output analysis; Leontief multipliers; output multipliers; GVA multipliers; employment multipliers; Greek economy (search for similar items in EconPapers)
JEL-codes: C67 D57 E32 F40 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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