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The Sraffian Multiplier and the Key-Commodities for the Greek Economy: Evidence from the Input-Output Tables for the Period 2000-2010

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  • Nikolaos Ntemiroglou

    (Department of Public Administration, Panteion University, Athens, Greece)

Abstract

The scope of this paper is to specify the ‘key-commodities’ for the Greek economy through the estimation of the ‘static’ Sraffian multiplier and the related employment multipliers for the years 2000, 2005 and 2010. Although a positive trend in the output multiplier was found over time, the employment multipliers declined. It was found that a management of effective demand shall target on the primary and service sector in short term, but in the long run structural changes and strengthening of inter-sectoral relations are necessary in the industry.

Suggested Citation

  • Nikolaos Ntemiroglou, 2016. "The Sraffian Multiplier and the Key-Commodities for the Greek Economy: Evidence from the Input-Output Tables for the Period 2000-2010," Bulletin of Political Economy, Bulletin of Political Economy, vol. 10(1), pages 1-24, June.
    • Handle: RePEc:awu:journl:v:10:y:2016:i:1:p:1-24
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    Cited by:

    1. Theodore Mariolis & Nikolaos Ntemiroglou, 2023. "Matrix multipliers, demand composition and income distribution: Post‐Keynesian–Sraffian theory and evidence from the world's ten largest economies," Metroeconomica, Wiley Blackwell, vol. 74(4), pages 658-697, November.

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