Structural Analysis of the Greek Economy

George Economakis, Maria Markaki and Alexios Anastasiadis

Review of Radical Political Economics, 2015, vol. 47, issue 3, 424-445

Abstract: The paper focuses on the “structural characteristics†of the Greek economy: domestic sectoral productive linkages, specialization profile, level of industrial and technological development, relative income elasticities of demand, international trade profile. Our analysis in these characteristics indicates that the Greek economy is a rather ‘‘extraverted†economy, within the EU frame. This “extraversion,†and not the labor costs, is the real cause of the Greek poor economic performance and low competitiveness. Input-output analysis confirms this suggestion.

Keywords: Greek economy; relative income elasticities of demand; productive diversification; input-output analysis; “extraverted†economy (search for similar items in EconPapers)
JEL-codes: D57 O10 O57 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:47:y:2015:i:3:p:424-445

DOI: 10.1177/0486613414542779

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