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The Sraffian Multiplier for the Greek Economy: Evidence from the Supply and Use Table for the Year 2010

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  • Mariolis, Theodore
  • Soklis, George

Abstract

This paper estimates the ‘static Sraffian multiplier’ for the Greek economy using data from the Supply and Use Table for the year 2010. It is found that (i) an effective demand management policy could be mainly based on the service sector; and (ii) the whole economic system, and especially its industry sector, is heavily dependent on imports. The results seem to be in accordance with the observed deep recession of the Greek economy and, furthermore, suggest that a change in its intersectoral structure is necessary.

Suggested Citation

  • Mariolis, Theodore & Soklis, George, 2014. "The Sraffian Multiplier for the Greek Economy: Evidence from the Supply and Use Table for the Year 2010," MPRA Paper 60253, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:60253
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    References listed on IDEAS

    as
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    14. Gerhard Illing & Sebastian Watzka, 2014. "Fiscal Multipliers and Their Relevance in a Currency Union – A Survey," German Economic Review, Verein für Socialpolitik, vol. 15(2), pages 259-271, May.
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    Cited by:

    1. Mariolis, Theodore & Leriou, Eirini & Soklis, George, 2019. "Dissecting the Input-Output Structure of the Greek Economy," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 72(4), pages 453-474.

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    More about this item

    Keywords

    Greek economy; Joint production; Management of effective demand; Sraffian multiplier; Supply and Use Tables;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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