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The Role of Agriculture in Economic Growth in Greece

In: Economic Crisis in Europe and the Balkans

Author

Listed:
  • Dimitrios Kyrkilis

    (University of Macedonia)

  • Simeon Semasis

    (Agricultural Bank of Greece)

  • Constantinos Styliaras

    (University of Macedonia)

Abstract

This paper aims at analyzing the contribution of agriculture to economic growth in postwar Greece, especially after 1970 by exploring the relationship of agriculture with the main non-agricultural economic sectors. The development model proclaimed and followed in postwar Greece neglected agriculture and emphasized industrialization. However, the implementation of the model did not lead to a strong industrial sector, but it destroyed agriculture and over inflated services. In the paper, the use of proper econometric and statistical techniques utilizing time series data collected for the period 1970 up to date establishes that agriculture followed a path not affecting the other economic sectors and at the same time not being affected by them.

Suggested Citation

  • Dimitrios Kyrkilis & Simeon Semasis & Constantinos Styliaras, 2014. "The Role of Agriculture in Economic Growth in Greece," Contributions to Economics, in: Anastasios Karasavvoglou & Persefoni Polychronidou (ed.), Economic Crisis in Europe and the Balkans, edition 127, pages 227-240, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-00494-5_13
    DOI: 10.1007/978-3-319-00494-5_13
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    Keywords

    Agriculture; Economic growth;

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