Improving competitiveness and trade balance of Greek economy: a coopetitive strategy model

David Carfì () and Schiliro' Daniele
Authors registered in the RePEc Author Service: Daniele Schiliro'

MPRA Paper from University Library of Munich, Germany

Abstract: In this work, we propose a coopetitive model applied to the Greek crisis, aimed both at improving the competitiveness of the Greek productive system and rebalancing the current account balance of the country. Our model of coopetition (based on normal form game theory) is conceived at a macro level, wherein there are two players: Greece and SNC (the Surplus Northern Countries of the euro area). We suggest a model that looks for a win-win solution. The win-win solution entails a cooperative bi-strategy in which SNC should contribute to re-balance its trade surplus with respect to Greece and, in addition, SNC should provide a certain amount of foreign direct investment (FDI) to improve the competitiveness and the growth in Greece. Thus we find a transferable utility and properly coopetitive solution, convenient for all the players.

Keywords: Games and economics; coopetition; cooperation; competitiveness; trade balance; foreign direct investment; Greek economy (search for similar items in EconPapers)
JEL-codes: C71 C72 C78 F2 F23 F42 O24 (search for similar items in EconPapers)
Date: 2014-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published in Journal of Applied Economic Sciences N.2.IX(2014): pp. 211-220

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Working Paper: Improving competitiveness and trade balance of Greek economy: a coopetitive strategy model (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:76970

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