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| Abstract |
A successful reform of public enterprises would improve productivity in key sectors of the Greek economy, and thus provide essential inputs at lower cost to the economy as a whole. Reforms would need to address the factors that are responsible for the poor performance of Greek public enterprises. First, labour costs are high and productivity low in international comparisons. Second, there are wide technology gaps between Greece and other OECD countries. Third, Greece’s public enterprises fulfil heavy public service commitments without matching compensation. As a result, prices are often out of line with prices elsewhere. In recognition of the large drag on the economy, as well as the burden on the budget, the Government has embarked on a programme to revitalise inefficient public enterprises. The objective of this paper is to analyse the main issues concerning the public enterprise sector and assess the current policy framework, as well as planned changes to it. First, the key ...
Des réformes bien conçues des entreprises publiques amélioreraient la productivité dans les secteurs clés et assureraient ainsi la fourniture d’intrants essentiels à faible coût à l’ensemble de l’économie grecque. Ces réformes devraient s’attaquer aux facteurs qui sont à l’origine des piètres performances des entreprises publiques grecques. Premièrement, le niveau des coûts de main-d’oeuvre est élevé et la productivité faible. Deuxièmement, il y a des retards dans la modernisation des équipements. Troisièmement, les entreprises publiques assument de larges obligations de service public sans contrepartie financière. En conséquence, les prix sont souvent éloignés de ceux d’autres pays. Reconnaissant les effets inhibitifs sur la croissance et le poids sur le budget générés par un mauvais fonctionnement de ces secteurs clés, le gouvernement a engagé un programme de revitalisation des entreprises inefficientes. Ce document analyse les principaux problèmes que connaissent les entreprises ...
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