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Key-Sectors Attractiveness Of The Greek Economy: An Input-Output Approach


  • KOLOKONTES, D. Argyrios
  • KONTOGEORGOS, Achilleas
  • LOIZOU, Efstratios


The Greek economy is in crisis and has lost a significant part of its welfare. In this situation, one of the most important issues for the economic policy is to create attractive investments’ opportunities in order to improve the employment rates and in general to increase the income. This paper, in the framework of a demand-driven Leontief Input-Output (I-O) model, combines indicators with backward characteristics like the conventional type I multipliers and elasticities, to point out the key sectors for the short-term and long-term development planning, taking into consideration the sectoral attractiveness and the range of the computed magnitudes per index.

Suggested Citation

  • KOLOKONTES, D. Argyrios & KONTOGEORGOS, Achilleas & LOIZOU, Efstratios & CHATZITHEODORIDIS, Fotios, 2018. "Key-Sectors Attractiveness Of The Greek Economy: An Input-Output Approach," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 18(1), pages 35-54.
  • Handle: RePEc:eaa:aeinde:v:18:y:2018:i:1_3

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    References listed on IDEAS

    1. Sergey Drobyshevsky & Oleg Lugovoy & Ekaterina Astafieva & Anna Kozlovskaya & Pavel Trunin & Lew Lederman, 2005. "Factors of Economic Growth in Russia’s Regions," Published Papers 121, Gaidar Institute for Economic Policy, revised 2012.
    2. Cuadrado-Roura, Juan R. & Garrido, Ruben & Mancha, Tomas, 2000. "Convergence And Regional Mobility In The European Union," ERSA conference papers ersa00p450, European Regional Science Association.
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    More about this item


    I-O analysis; Multipliers; Elasticities; Attractiveness; Net surplus; Net value added; Greece.;

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models


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