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The static demand multipliers in a joint production framework: comparative findings for the Greek, Spanish and Eurozone economies

Theodore Mariolis (), Nikolaos Ntemiroglou () and George Soklis
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Nikolaos Ntemiroglou: Panteion University

Journal of Economic Structures, 2018, vol. 7, issue 1, 1-20

Abstract: Abstract This paper uses input–output data from Supply and Use Tables for the year 2010 and provides empirical estimations of the static demand multipliers in a joint production framework for two representative Southern Eurozone economies, i.e., Greece and Spain, and for the Eurozone economy as a whole. The findings reveal certain differentiated features of the economies under consideration, call into question the post-2010 ‘horizontal’ implementation of economic policy measures and, finally, provide a context for formulating well-targeted effective demand management and structural policy programs.

Keywords: Joint production; Management of effective demand; Matrix multipliers; Southern Eurozone economies; Supply and Use Tables (search for similar items in EconPapers)
JEL-codes: C67 D57 E11 E12 E61 (search for similar items in EconPapers)
Date: 2018
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