Kaldorian Approach to Greek Economic Growth

Stavros Drakopoulos and Ioannis Theodossiou

MPRA Paper from University Library of Munich, Germany

Abstract: In the last 30 years, Greece has experienced a rapid rate of economic growth which has transformed the economy and enabled it to become a member of the EEC. Specifically, Greece transformed itself from an agricultural economy with virtually no industrial base to an economy with a significant industrial sector and consequently a relatively high income per capita. One can explain this on the lines of a Kaldorian framework. In this paper we provide an outline of Kaldor's growth model and test its relevance to the economic experience of Greece during the 1967-1988 period. The empirical results suggest that the model can adequately explain the developments in the economy to a considerable degree

Keywords: Economic Growth; Greece; Kaldor (search for similar items in EconPapers)
JEL-codes: O40 O47 O52 (search for similar items in EconPapers)
Date: 1991-01
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Citations: View citations in EconPapers (15)

Published in Applied Economics 10.23(1991): pp. 1683-1689

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