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Measuring Structural Changes Of The Greek Economy During The Period Of Economic Crisis

Author

Listed:
  • Serafeim POLYZOS

    (Department of Planning and Regional Development, University of Thessaly, Pedion Areos, Volos 38 334, Greece)

  • Dimitrios TSIOTAS

    (Department of Regional Economic Development, Agricultural University of Athens, Nea Poli, Amfissa, 33100, Greece Department of Planning and Regional Development, University of Thessaly, Pedion Areos, Volos 38 334, Greece Laboratory of Complex Systems, Department of Physics, Faculty of Sciences, International Hellenic University, Kavala Campus, St. Loukas, 65404, Greece)

Abstract

After a long period of growth, the Greek economy in 2008 tipped into recession, which lasted at the period 2008-2018 and still affects the economic recovery of the country, which appeared relatively slow due to the magnitude or the characteristics of the economic problem and the unsuccessful strategies adopted and implemented. This paper studies the evolution of the fundamental macroeconomic measures of the Greek economy and detects the key changes that have occurred during that period on data from the Input - Output Tables of the years 2010 and 2015. which provide a satisfactory context for describing the interconnections of productive sectors of an economy. The study aims to provide insights about the structural characteristics of the Greek economy, the profound knowledge of which contributes to the successful implementation of economic development policies and to the interconnection of its productive sectors, given that the intensification of relations between the productive sectors of an economy is a critical factor for a growth prospect and the expansion of productive activity brought about by developmental actions. The overall approach drives to conclusions and strategy proposals aiming at economic growth and development.

Suggested Citation

  • Serafeim POLYZOS & Dimitrios TSIOTAS, 2020. "Measuring Structural Changes Of The Greek Economy During The Period Of Economic Crisis," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 12(2), pages 5-24, June.
    • Handle: RePEc:rom:mrpase:v:12:y:2020:i:2:p:5-24
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    References listed on IDEAS

    as
    1. Serafeim Polyzos & Spyros Sofios, 2008. "Regional Multipliers, Inequalities and Planning in Greece," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 6(1), pages 53-77.
    2. Nicos Christodoulakis, 2013. "From Grexit to Growth: On Fiscal Multipliers and how to End Recession in Greece," National Institute Economic Review, National Institute of Economic and Social Research, vol. 224(1), pages 66-76, May.
    3. Michel Boucher, 1976. "Some Further Results on the Linkage Hypothesis," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(2), pages 313-318.
    4. Georgios P. Kouretas & Prodromos Vlamis, 2010. "The Greek Crisis: Causes and Implications," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 57(4), pages 391-404, December.
    5. George Pagoulatos, 2018. "Greece after the Bailouts: Assessment of a Qualified Failure," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 130, Hellenic Observatory, LSE.
    6. Triantafyllos PNEVMATIKOS & Serafeim POLYZOS & Dimitrios TSIOTAS, 2019. "Assessing The Structural Changes In The Greek Economy For The Period Prior To Economic Crisis," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(3), pages 69-82, December.
    7. Dimitri B. Papadimitriou & Michalis Nikiforos & Gennaro Zezza, 2013. "The Greek Economic Crisis and the Experience of Austerity: A Strategic Analysis," Economics Strategic Analysis Archive sa_jul_13, Levy Economics Institute.
    8. Dimitrios TSIOTAS, 2016. "City-Size Or Rank-Size Distribution? An Empirical Analysis On Greek Urban Populations," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 11(4), pages 5-16, November.
    9. Christodoulakis, Nicos, 2013. "From Grexit to Growth: On Fiscal Multipliers and how to End Recession in Greece," National Institute Economic Review, National Institute of Economic and Social Research, vol. 224, pages 66-76, May.
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    Cited by:

    1. Dimitrios Tsiotas & Thomas Krabokoukis & Serafeim Polyzos, 2021. "Detecting Tourism Typologies of Regional Destinations Based on Their Spatio-Temporal and Socioeconomic Performance: A Correlation-Based Complex Network Approach for the Case of Greece," Tourism and Hospitality, MDPI, vol. 2(1), pages 1-27, February.

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