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Raising Greece's Potential Output Growth

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  • Vassiliki Koutsogeorgopoulou
  • Helmut Ziegelschmidt
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    Abstract

    This Working Paper looks at structural policies which would improve Greece’s long-term economic performance and help speed economic and social convergence with average European Union member countries. It focuses on a number of key areas which are particularly important for rapid growth as they offer substantial scope for catching up with international best practice. These areas are: getting more people into work through higher flexibility in the labour market and more effective labour market policies; competition policy reform; the liberalisation of product markets, in particular the energy, telecommunication and transport sectors; policies to foster entrepreneurship; and financial market reform, including the implementation of a better corporate governance regime. A number of Annexes provide additional information on the reform of the energy markets (electricity, gas, oil), the telecommunications sector, maritime transport and financial markets. This Working Paper relates to the 2005 OECD Economic Survey of Greece (www.oecd.org/eco/surveys/Greece) Renforcer le potentiel de croissance de la productivité en Grèce Ce document de travail examine les politiques structurelles qui amélioreraient les performances à long terme de la Grèce en matière de productivité et contribueraient à accélérer la convergence sur le plan économique et social avec les autres pays membres de l’UE. Ce document de travail se concentre sur un certain nombre de domaines clés, particulièrement importants pour une progression rapide de la productivité car ils offrent des possibilités non négligeables d’harmonisation avec les meilleures pratiques internationales. Ces domaines sont les suivants : réforme de la politique de la concurrence, promotion d’une économie fondée sur le savoir, libéralisation des marchés de produits, en particulier dans les secteurs de l’énergie, des télécommunications et du transport, mesures favorisant l’entrepreneuriat, et mise en œuvre d’un régime de gouvernement d’entreprise de meilleure qualité. Un certain nombre d'annexes prévoient l'information additionnelle sur la réforme des marchés de l'énergie (l'électricité, gas, pétrole), du secteur de télécommunications, du transport maritime, et des marchés financiers. Ce document de travail se rapporte à l'Étude économique de l'OCDE de la Grèce (www.oecd.org/eco/surveys/Grèce)

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    File URL: http://dx.doi.org/10.1787/017462764373
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    Bibliographic Info

    Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 452.

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    Date of creation: 13 Oct 2005
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    Handle: RePEc:oec:ecoaaa:452-en

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    Keywords: labour markets; transport; product markets; flexibility; energy sector; productivity; telecommunications; competition policy; reforms; corporate governance; financial markets; privatisation; entrepreneurship; marchés de produits; transport; régime d’accès; télécommunications; réformes; marché du travail; marchés financiers; productivité; politique de la concurrence; privatisation; flexibilité; secteur d'énergie; entrepreneuriat;

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