Economics

Ioannis Bournakis

Chapter 2 in Business and Management Practices in Greece, 2011, pp 26-48 from Palgrave Macmillan

Abstract: Abstract In a period of economic recession, the primary focus of a government is to ensure that the economy will soon return to the long-term path of economic development. Most of the policies designed to achieve of this goal can be characterized as either stabilization or stimulus. Although some fiscal injections are needed as a matter of urgency, the fiscal stimulus itself is unable to generate sustainable growth effects in the long term.

Keywords: Human Capital; Labour Productivity; Productivity Growth; Capital Stock; Total Factor Productivity (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30653-0_2

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DOI: 10.1057/9780230306530_2

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