MEASURING STRUCTURAL CHANGES OF THE GREEK ECONOMY DURING THE PERIOD OF ECONOMIC CRISIS

Serafeim Polyzos () and Dimitrios Tsiotas
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Serafeim Polyzos: Department of Planning and Regional Development, University of Thessaly, Pedion Areos, Volos 38 334, Greece

Management Research and Practice, 2020, vol. 12, issue 2, 5-24

Abstract: After a long period of growth, the Greek economy in 2008 tipped into recession, which lasted at the period 2008-2018 and still affects the economic recovery of the country, which appeared relatively slow due to the magnitude or the characteristics of the economic problem and the unsuccessful strategies adopted and implemented. This paper studies the evolution of the fundamental macroeconomic measures of the Greek economy and detects the key changes that have occurred during that period on data from the Input - Output Tables of the years 2010 and 2015. which provide a satisfactory context for describing the interconnections of productive sectors of an economy. The study aims to provide insights about the structural characteristics of the Greek economy, the profound knowledge of which contributes to the successful implementation of economic development policies and to the interconnection of its productive sectors, given that the intensification of relations between the productive sectors of an economy is a critical factor for a growth prospect and the expansion of productive activity brought about by developmental actions. The overall approach drives to conclusions and strategy proposals aiming at economic growth and development.

Keywords: Greek economic crisis; Input – Output Analysis; economic changes; structural changes (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:rom:mrpase:v:12:y:2020:i:2:p:5-24

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