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The Determinants Of Economic Development Of Greece

Author

Listed:
  • Ismatilla Mardanov

    (Southeast Missouri State University)

Abstract

Greece?s specialization on tourism and service within the European Union (EU), the lack of its currency, monetary and financial dependence on the EU, and the weak voice in foreign trade decisions put Greece in economic turmoil and made the EU less effective in solving crucial problems in member countries. Using extended data, I have analyzed Greece?s economic growth patterns for 46 years. The results indicate that protection of property rights, government consumption, and service industry had a significant and positive impact on economic growth while tax rates had a significant negative effect on GDP growth rates.

Suggested Citation

  • Ismatilla Mardanov, 2019. "The Determinants Of Economic Development Of Greece," Proceedings of International Academic Conferences 9411784, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:9411784
    as

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    File URL: https://iises.net/proceedings/iises-international-academic-conference-paris/table-of-content/detail?cid=94&iid=024&rid=11784
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    More about this item

    Keywords

    Greece; EU; Eurozone; economic growth; political and economic freedom; national debt; global financial crisis;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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