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The spatial aspects of economic crisis in Greece

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  • George Petrakos
  • Yannis Psycharis

Abstract

This article sets out to test econometrically the performance and determinants of NUTS III regions in Greece during the recent economic crisis. Results indicate that economic crisis has further intensified regional inequalities by strengthening the prominent role of Athens metropolitan region in the development map of the country. Advanced regions with higher specialization in tradable and export-oriented sectors adjusted better to economic crisis, although deeper integration with the EU market has not been favourable to regional performance. Finally, public policies that improve the productive and social capital of the regions seem to play an important role in deterring the crisis.

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  • George Petrakos & Yannis Psycharis, 2016. "The spatial aspects of economic crisis in Greece," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 9(1), pages 137-152.
    • Handle: RePEc:oup:cjrecs:v:9:y:2016:i:1:p:137-152.
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    File URL: http://hdl.handle.net/10.1093/cjres/rsv028
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    References listed on IDEAS

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    Cited by:

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    8. Ilias Livanos & Evi Tzika, 2022. "Precarious Employment in Greece:economic crisis, labour market flexibilisation, and vulnerable workers," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 171, Hellenic Observatory, LSE.
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    11. Christofakis Manolis & Gaki Eleni & Lagos Dimitrios, 2019. "The impact of economic crisis on regional disparities and the allocation of economic branches in Greek regions," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 44(44), pages 7-21, June.
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    13. Gluschenko, Konstantin, 2015. "‘Williamson’s Fallacy’ in Estimation of Inter-Regional Inequality," MPRA Paper 71075, University Library of Munich, Germany, revised 03 May 2016.
    14. Dimitrios Kalfas & Fotios Chatzitheodoridis & Efstratios Loizou & Katerina Melfou, 2022. "Willingness to Pay for Urban and Suburban Green," Sustainability, MDPI, vol. 14(4), pages 1-21, February.
    15. Panagiotis Artelaris, 2021. "Regional economic growth and inequality in Greece," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(1), pages 141-158, February.
    16. Krzysztof Nowacki, 2021. "Accident Risk in the Production Sector of EU Countries—Cohort Studies," IJERPH, MDPI, vol. 18(7), pages 1-14, March.
    17. Roberto Cellini & Tiziana Cuccia, 2019. "Do behaviours in cultural markets affect economic resilience? An analysis of Italian regions," European Planning Studies, Taylor & Francis Journals, vol. 27(4), pages 784-801, April.
    18. Fabio Mazzola & Iolanda Cascio & Rosalia Epifanio & Giuseppe Giacomo, 2018. "Territorial capital and growth over the Great Recession: a local analysis for Italy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(2), pages 411-441, March.
    19. Elias Giannakis & Christos T. Papadas, 2021. "Spatial Connectivity and Regional Economic Resilience in Turbulent Times," Sustainability, MDPI, vol. 13(20), pages 1-12, October.
    20. Yannis Psycharis & Anastasia Panori & Dimitrios Athanasopoulos, 2022. "Public Investment and Regional Resilience: Empirical Evidence from the Greek Regions," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 113(1), pages 57-79, February.
    21. Livianos, Ilios & Tzika, Evi, 2022. "Precarious employment in Greece: economic crisis, labour market flexibilisation, and vulnerable workers," LSE Research Online Documents on Economics 115058, London School of Economics and Political Science, LSE Library.
    22. Tyralis, Hristos & Mamassis, Nikos & Photis, Yorgos N., 2017. "Spatial analysis of the electrical energy demand in Greece," Energy Policy, Elsevier, vol. 102(C), pages 340-352.
    23. Joao Capella-Ramos & Romina Guri, 2022. "Firm adaptation in COVID-19 times: The case of Portuguese exporting firms," GEE Papers 0169, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Sep 2022.
    24. Fotios Chatzitheodoridis & Achilleas Kontogeorgos, 2020. "Exploring of a Small-Scale Tourism Product under Economic Instability: The Case of a Greek Rural Border Area," Economies, MDPI, vol. 8(3), pages 1-20, June.
    25. Juan R. Cuadrado-Roura & Ron Martin & Andrés Rodríguez-Pose, 2016. "The economic crisis in Europe: urban and regional consequences," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 9(1), pages 3-11.

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