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Improving competitiveness and trade balance of Greek economy: a coopetitive strategy model

Author

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  • David, Carfì
  • Daniele, SCHILIRO'

Abstract

In the present work, we propose a coopetitive model applied to the Greek crisis, which aims both at improving the competitiveness of the Greek productive system and rebalancing the current account balance of the country. Our model of coopetition (based on normal form game theory) is conceived at a macro level, wherein there are two players: Greece and SNC (the Surplus Northern Countries of the euro area). We suggest a model that looks for a win-win solution. The win-win solution entails a cooperative bi-strategy in which SNC should contribute to re-balance its trade surplus with respect to Greece and, in addition,SNC should provide a certain amount of foreign direct investment (FDI) to improve the competitiveness and the growth in Greece. Thus we �nd a transferable utility and properly coopetitive solution, convenient for all the players.

Suggested Citation

  • David, Carfì & Daniele, SCHILIRO', 2014. "Improving competitiveness and trade balance of Greek economy: a coopetitive strategy model," MPRA Paper 55124, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:55124
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    References listed on IDEAS

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    1. Daniele Schilirò, 2010. "Investing in Knowledge: Knowledge, Human Capital and Institutions for the Long Run Growth," Chapters, in: Maarten J. Arentsen & Wouter van Rossum & Albert E. Steenge (ed.), Governance of Innovation, chapter 3, Edward Elgar Publishing.
    2. Luo, Yadong, 2007. "A coopetition perspective of global competition," Journal of World Business, Elsevier, vol. 42(2), pages 129-144, June.
    3. David Carf'i & Daniele Schilir'o, 2011. "A model of coopetitive game and the Greek crisis," Papers 1106.3543, arXiv.org, revised Sep 2011.
    4. Carfì, David & Musolino, Francesco, 2012. "A coopetitive approach to financial markets stabilization and risk management," MPRA Paper 37098, University Library of Munich, Germany.
    5. David Carfì & Francesco Musolino, 2011. "Fair Redistribution In Financial Markets A Game Theory Complete Analysis," Journal of Advanced Studies in Finance, ASERS Publishing, vol. 2(2), pages 74-100.
    6. David CARFÌ & Emanuele PERRONE, 2011. "Game Complete Analysis Of Bertrand Duopoly," Theoretical and Practical Research in the Economic Fields, ASERS Publishing, vol. 2(1), pages 4-21.
    7. Carfì, David & Schilirò, Daniele, 2011. "A framework of coopetitive games: applications to the Greek crisis," MPRA Paper 78089, University Library of Munich, Germany.
    8. Paul de Grauwe, 2013. "Design Failures in the Eurozone: Can they be fixed?," Europe in Question Discussion Paper Series of the London School of Economics (LEQs) 7, London School of Economics / European Institute.
    9. William R. Cline, 2013. "Debt Restructuring and Economic Prospects in Greece," Policy Briefs PB13-3, Peterson Institute for International Economics.
    10. Carfí, David & Musolino, Francesco, 2014. "Speculative and hedging interaction model in oil and U.S. dollar markets with financial transaction taxes," Economic Modelling, Elsevier, vol. 37(C), pages 306-319.
    11. Schilirò, Daniele, 2011. "A new governance for the EMU and the economic policy framework," MPRA Paper 32235, University Library of Munich, Germany, revised Jul 2011.
    12. Carfì, David & Schilirò, Daniele, 2012. "A coopetitive model for the green economy," Economic Modelling, Elsevier, vol. 29(4), pages 1215-1219.
    13. Carfì, David & Musolino, Francesco, 2012. "Game theory and speculation on government bonds," Economic Modelling, Elsevier, vol. 29(6), pages 2417-2426.
    14. Giovanna Padula & Giovanni Battista Dagnino, 2007. "Untangling the Rise of Coopetition: The Intrusion of Competition in a Cooperative Game Structure," International Studies of Management & Organization, Taylor & Francis Journals, vol. 37(2), pages 32-52, January.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Daniele SCHILIR, 2015. "Mediterranean Migrations and Economic Development," Journal of Advanced Research in Economics and International Business, ASERS Publishing, vol. 3(4), pages 20-25.
    2. Schilirò, Daniele, 2017. "Imbalances and policies in the Eurozone," MPRA Paper 82847, University Library of Munich, Germany.
    3. Carfì, David & Donato, Alessia & Schilirò, Daniele, 2018. "Sustainability of global feeding.Coopetitive interaction among vegan and non-vegan food firms," MPRA Paper 88400, University Library of Munich, Germany.
    4. Carfì, David & Donato, Alessia & Schilirò, Daniele, 2018. "An environmentally sustainable global economy. A coopetitive model," MPRA Paper 86718, University Library of Munich, Germany.

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    More about this item

    Keywords

    Games and economics; Competitiveness; FDI; Trade Balance; Greek economy; cooperation; coopetition;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • F2 - International Economics - - International Factor Movements and International Business
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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