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Key-Sectors Attractiveness Of The Greek Economy: An Input-Output Approach

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  • KOLOKONTES, D. Argyrios
  • KONTOGEORGOS, Achilleas
  • LOIZOU, Efstratios
  • CHATZITHEODORIDIS, Fotios

Abstract

The Greek economy is in crisis and has lost a significant part of its welfare. In this situation, one of the most important issues for the economic policy is to create attractive investments’ opportunities in order to improve the employment rates and in general to increase the income. This paper, in the framework of a demand-driven Leontief Input-Output (I-O) model, combines indicators with backward characteristics like the conventional type I multipliers and elasticities, to point out the key sectors for the short-term and long-term development planning, taking into consideration the sectoral attractiveness and the range of the computed magnitudes per index.

Suggested Citation

  • KOLOKONTES, D. Argyrios & KONTOGEORGOS, Achilleas & LOIZOU, Efstratios & CHATZITHEODORIDIS, Fotios, 2018. "Key-Sectors Attractiveness Of The Greek Economy: An Input-Output Approach," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 18(1), pages 35-54.
    • Handle: RePEc:eaa:aeinde:v:18:y:2018:i:1_3
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    References listed on IDEAS

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    3. E.G. Russkova & I.V. Mitrofanova & O.Yu. Vatyukova & N.P. Ivanov & V.V. Batmanova, 2017. "Structural Changes In The Gdp Of Russia In 1995-2015: Sectoral Approach," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 17(1), pages 39-52.
    4. Лавровский Б. Л., 2003. "Территориальная Дифференциация И Подходы К Ее Ослаблению В Российской Федерации," Higher School of Economics Economic Journal Экономический журнал Высшей школы экономики, CyberLeninka;Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский университет «Высшая школа экономики», vol. 7(4), pages 524-537.
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    Cited by:

    1. Stavros Kalogiannidis & Fotios Chatzitheodoridis & Dimitrios Kalfas & Stamatis Kontsas & Ermelinda Toska, 2022. "The Economic Impact of Russia s Ukraine Conflict on the EU Fuel Markets," International Journal of Energy Economics and Policy, Econjournals, vol. 12(6), pages 37-49, November.

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    More about this item

    Keywords

    I-O analysis; Multipliers; Elasticities; Attractiveness; Net surplus; Net value added; Greece.;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models

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