Economic Crisis, Development and Competitiveness in Southeastern Europe
Theoretical Foundations and Policy Issues

Editors: Anastasios Karasavvoglou, Dimitrios Kyrkilis, Georgios Makris, Persefoni Polychronidou



Analyzes the reasons for, and consequences of current economic problems in Southeast European Countries

Provides insights into the theoretical and empirical foundations of the crisis

Describes specific policies (the role of migration, social capital, tax issues, exchange rates) for the development problems in Southeast European Countries

This book analyzes the foundations and means of overcoming the current crisis in the broader area of Southeast Europe. The contributions make proposals from both theoretical and empirical points of view and discuss the concept, determinants and policies of competitiveness in these countries. The financial crisis became a prolonged fiscal crisis, a bank confidence crisis, and economic recession, and the book discusses the European and national policies implemented to resolve it. It also investigates the internal conflicts generated by institutional arrangements and policy measures, both within the nation states and the eurozone. Economic competitiveness is a key topic for policymakers, as they have to secure economic growth and improve their populations’ standards of living. This volume sheds light on what constitutes economic competitiveness, as well as on the policies and economic and institutional structures that improve competitiveness.

Table of contents

Macroeconomic Theory and Macroeconomic Logic: The Case of the Euro Crisis

Economic Crisis and National Economic Competitiveness: Does Labor Cost Link the Two? The Case of the South Eurozone States

‘Compulsory’ Economic Deflation Turned Political Risk: Effects of Austere Decision-Making on Greece’s ‘True’ Economy (2008–2015) and the ‘Eurozone or Default’ Dilemma

Theory of Optimum Currency Areas and the Balkans

The Balance-of-Payments Constrained Growth Model in Transitional Economy: The Case of Bulgaria

The Nexus Between Imports and National Income in Turkey

Interaction Between Competitiveness and Innovation: Evidence from South-Eastern European Countries

Testing Uncovered Interest Parity for Structural Breaks: A Developing Country Perspective

Adult Education: A Vehicle for Economic Development