A New Growth Model for the Greek Economy: Requirements for Long-Term Sustainability

A New Growth Model for the Greek Economy: Requirements for Long-Term Sustainability

by Panagiotis E. Petrakis (Editor)

Hardcover(1st ed. 2016)

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Overview

On June 3, 2015, the Greek Parliamentary Budget Office, the National and Kapodistrian University of Athens, the Democritus University of Thrace, and the University of Peloponnese sponsored an international conference to address medium- and long-term growth in Greece. This collection presents the strongest papers on the conditions required to revive and maintain economic growth. Leading experts cover almost every major issue identified in the latest literature, from demographic issues and proposals for export strategy to the need for innovation and structural reform. The combination of qualitative and quantitative approaches to assessing present conditions make this ground-breaking collection a valuable resource for a variety of academics, professional economists, and economic policy practitioners planting the seeds of Greece's future.

Product Details

ISBN-13: 9781137589439
Publisher: Palgrave Macmillan US
Publication date: 09/01/2016
Edition description: 1st ed. 2016
Pages: 339
Product dimensions: 5.83(w) x 8.27(h) x (d)

About the Author

Panagiotis E. Petrakis is Professor of Economics at the University of Athens, Greece, where he also serves as the Director of the International Economics and Development Sector. He is the author of more than twenty-six monographs on topics related to European and Greek growth, crises, labor markets, economic policies, and the future of entrepreneurship. He also is the author of numerous research articles in journals such as Small Business Economics, Journal of Banking and Finance, Journal of Business Research, Journal of Socio-Economics, and International Entrepreneurship and Management Journal.

Table of Contents

1. On the Greek Growth Model: A Collective Contribution; Panagiotis Petrakis
PART I: GREECE AND THE EUROPEAN UNION
2. The EU and the Eurozone; Harold James
3. The Greek Growth Decoupling; Pantelis Kostis, Kyriaki Kafka, Dionysis Valsamis
PART II: ON THE GREEK GROWTH MODEL
4. Is Greece Destined to Grow?; Ζsolt Darvas
5. Lessons for Europe from the Greek Crisis; Paolo Manasse
6. Developing Growth Potential for the Greek Economy; Michael Halliassos
7. Requirements for a New Business Model in Greece; Klaus Schrader, David Benček, Claus-Friedrich Laaser
8. Is There an Easy Way Out? Redenomination Issues and their Financial Consequences in Case of a Greek Exit from the Eurozone; David Amiel, Paul-Adrien Hyppolite
9. Extroversion Within a New Economic Paradigm; Grigoris Zarotiadis, Eirini Ozouni
PART III: STRUCTURAL CHANGES AND LABOR MARKETS
10. Qualifying and Quantifying the Greek Structural Reform Efforts; Alessio Terzi
11. Innovation or "More of the same"?: A Crucial Choice for Greek Society; Alexander Kritikos
12. Demographic Challenges Facing Long-Term Growth in Greece; Edward Hugh
13. Rearranging Social Security Contributions: Alleviating the Burden of the State and Returning Value to the State and Society; Thomas Poufinas, Effrosyni Kouskouna
14. Okun's Law in Greece in the Post-Crisis Era: An Empirical Study; Christos Katris
15. The Influence of Flexible Working on Unemployment: Evidence from the Greek Labor Market; Kostas Karamanis, Alina Hyz
16. Jobs, Not Growth: An Alternative Path for Development; Randall Wray
PART IV: MACROECONOMIC EVOLUTION AND EXPORT PERFORMANCE
17. The Determinants of Economic Fluctuations in Greece: An Empirical Investigation (1995–2014); Konstantinos Konstantakis, Panayotis Michaelides, Efthymios Tsionas
18. Fiscal Multipliers and Growth in the Greek Economy: An Assessment of the Recent Fiscal Adjustment Program; Sotiris Papaioannou
19. The Impact of Sovereign Debt Ratings and Financial Performance on Bank Ratings; Evaggelos Drimpetas, Themistokles Lazarides
20. What Drives Greek Exports Performance? A Macro Level Analysis; George Geronikolaou, Eleftherios Spyromitros, Panagiotis Tsintzos

What People are Saying About This

From the Publisher

“This volume makes a contribution to the debate over the Greek economy and its crisis, which has been long overdue. We economists are notoriously bad when it comes to diagnosing short-term developments and dealing with crises. The best of economics comes out when the focus is on trends, economic potential and how to improve things in the longer run. This book does that in an excellent way. It shows the way for a better long-term future of the Greek economy.” (Juergen von Hagen, University of Bonn, Indiana University, Bruegel, and CEPR)

“Much has been written about the causes and the handling of the Greek crisis. At long last, here is a book that offers ideas about what the Greek economy could look like if a number of conditions are met. Let’s hope these conditions will soon be met and a new growth model will be implemented.” (André Sapir, Professor of Economics, Université Libre de Bruxelles, Belgium)


“This is a seminal and timely book that reflects in depth and in substance on the nature and dynamics of the Greek crisis, as well as the implications of the manifestation of that phenomenon of socio-economic and socio-political malaise that has gripped Greece and the rest of the European Union. This work sets the stage for further research and reflection on the dynamics of democracy, innovation, and entrepreneurship for growth in Greece, Europe and the world.” (Elias G. Carayannis, Co-founder and Co-Director, Global and Entrepreneurial Finance Research Institute; Professor of Science, Technology, Innovation and Entrepreneurship, George Washington University, USA)

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