A New Growth Model for the Greek Economy
Requirements for Long-Term Sustainability

Editors: Panagiotis E. Petrakis



On June 3, 2015, the Greek Parliamentary Budget Office, the National and Kapodistrian University of Athens, the Democritus University of Thrace, and the University of Peloponnese sponsored an international conference to address medium- and long-term growth in Greece. This collection presents the strongest papers on the conditions required to revive and maintain economic growth. Leading experts cover almost every major issue identified in the latest literature, from demographic issues and proposals for export strategy to the need for innovation and structural reform. The combination of qualitative and quantitative approaches to assessing present conditions make this ground-breaking collection a valuable resource for a variety of academics, professional economists, and economic policy practitioners planting the seeds of Greece's future.

Table of contents (20 chapters)

Front Matter

On the Greek Growth Model: A Collective Contribution

Greece and the European Union
• Front Matter
• The EU and the Eurozone
• The Greek Growth Decoupling

On the Greek Growth Model
• Front Matter
• Is Greece Destined to Grow?
• Lessons for Europe from the Greek Crisis
• Developing Growth Potential for the Greek Economy
• Requirements for a New Business Model in Greece
• Is There an Easy Way Out? Redenomination Issues and Their Financial Consequences in Case of a Greek Exit from the Eurozone
• Extroversion Within a New Economic Paradigm

Structural Changes and Labor Markets
• Front Matter
• Qualifying and Quantifying the Greek Structural Reform Efforts
• Innovation or ‘More of the Same’: A Crucial Choice for the Greek Society
• Demographic Challenges Facing Long-Term Growth in Greece
• Rearranging Social Security Contributions: Alleviating the Burden of the State and Returning Value to the State and Society
• Okun’s Law in Greece in the Post-Crisis Era: An Empirical Study
• The Influence of Flexible Working on Unemployment: Evidence from the Greek Labor Market
• Jobs Not Growth: An Alternative Path for Development

Macroeconomic Evolution and Export Performance
• Front Matter
• The Determinants of Economic Fluctuations in Greece: An Empirical Investigation (1995–2014)
• Fiscal Multipliers and Growth in the Greek Economy: An Assessment of the Recent Fiscal Adjustment Program
• The Impact of Sovereign Debt Ratings and Financial Performance on Bank Ratings
• What Drives Greek Exports Performance? A Macrolevel Analysis

Back Matter

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