Panagiotis E. Petrakis

Panagiotis E. Petrakis
National and Kapodistrian University of Athens | uoa · Faculty of Economics

About

288
Publications
108,538
Reads
How we measure 'reads'
A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text. Learn more
1,568
Citations

Publications

Publications (288)
Book
Full-text available
The Rebirth of the Greek Labor Market provides evidence of the macroeconomic evolution of the Greek economy, as well as current conditions in the labor market, to suggest potential areas of growth following the crisis. The contributors of this collection focus on three main issues that make the overall volume distinctive. Firstly, the authors devel...
Book
Full-text available
The book "The Greek Economy and the Crisis. Challenges and Responses" targets all those who think about the present and future of this (culturally) long-lived small geographic region (Greece), to form a personal view of its social and economic problems. A society that repeats the same types of behaviour over the centuries does not do so due to rand...
Book
Full-text available
It is a wide-spread belief that the cultural background inhered in a society affects the requirements of economic development. This relationship requires theoretical and empirical justification. The present book provides this together with an analysis of the development of cultural background itself. Cultural background is embodied in political ins...
Book
Full-text available
This book presents an overview of the economics and politics implemented in the European Union and especially the Eurozone during the crisis of 2008-2012. Although it focuses on these four years, the analysis starts from the establishment of the European Union and covers the period up to the outbreak of the Cypriot banking crisis in mid-2013. The l...
Article
The paper contributes to the interpretation of annual growth rates based on the effect of the basic growth factors (capital, labour, human capital) and the cultural background as part of the “remaining factors”. It uses a series of variables to express these effects, which are analysed with a principal component analysis and a regression analysis,...
Book
This contributed volume explores the relationships between politics, economics, and evaluation. With a special focus on Greece, it addresses how evaluations within different sectors impact policymaking and explains what this means for sustainable development. Featuring interdisciplinary perspectives on economic policy evaluation for inclusive and...
Book
Full-text available
Το βιβλίο προσφέρει μια σφαιρική και αναλυτική ματιά στην τροχιά της ελληνικής οικονομίας, επικεντρωμένη στην επίδραση των επενδύσεων κατά την περίοδο από το 1990 έως το 2035. Το βιβλίο καταγράφει τις επιδόσεις της ελληνικής οικονομίας σε περιόδους ευμάρειας και αστάθειας και αναδεικνύει την κριτική σημασία των επενδύσεων για την οικονομική βιωσιμό...
Article
Full-text available
This study regards AI as a socioecological issue and highlights the social identity determinants of the social perceptions of AI, which is the main dependent variable. We analyze Greece in 2022 as a case study. Our findings suggest that specific social identity variables concerning fundamental and social values, such as religion, views on new techn...
Book
Full-text available
This book introduces the Political Economy of Alternative Economic Futures for the Greek economy up to 2035. The analysis is not restricted to the presentation of a series of forecasts but aims to develop a comprehensive framework for Greece’s future. The analysis covers five realms regarding alternative economic futures, which outline the politica...
Chapter
This chapter describes the evolution of crucial figures for the Greek economy and, through this analysis, captures a clear picture of how the Greek economy has been led to the state it was in at the end of 2022. The purpose is to highlight the dynamism of the economy so that to be able to clarify the need for structural changes so that the economy...
Chapter
In this chapter, importance is given to issues on population evolution, environment, renewable energy sources, and natural resources for the case of Greece, highlighting the opportunities and threats observed for a sustainable development path. Sustainable development requires a series of developments related to adequate population growth, environm...
Chapter
The future is a fluid state which is constructed by the past, the present, and the expectations—and hopes—for what is coming ahead. History is, thus, important. The current chapter provides a comprehensive examination of the significance of history in scenario development, which serves as a means for forecasting the future. Given that history conne...
Chapter
The effectiveness of governance is a particularly critical issue related to the policy implemented and the development trajectory followed by any economy. In fact, given that geostrategic and economic developments at the global level have changed how governments now intervene in the formation of economies, the state’s role in economies and societie...
Chapter
Cultural change can be modeled as a Darwinian evolutionary process in which some cultural values become more common and others decline.
Chapter
Over the decades, remarkable progress has been made on inclusiveness issues in the global economy, notably thanks to the 2030 Agenda for Sustainable Development. However, gaps and challenges remain. Many individuals are still trapped in a vicious cycle of marginalization in economic, social, and political life. Many children are significantly behin...
Chapter
The present chapter unfolds in an informative and practical manner the “art” of forecasting and scenario building. To that end, the present chapter theoretically and practically debates a step-by-step process in scenario building with the aim of generating four possible scenarios for Greece in the next decade. First, we discuss the theoretical impl...
Chapter
The aim of this chapter is to highlight the importance of a series of contextual factors for the future and provide a critical analysis of the matter. By “contextual factors” we refer to a wide umbrella of terms that shape system dynamics. Some of these factors evolve dynamically but others are the product of shocks in the system. We also call thes...
Chapter
Greek society was particularly affected by the recessionary conditions that affected the economy during the last decade but also by the intense conditions of uncertainty, such as the 2008 debt crisis, political instability, the Covid-19 pandemic, and the energy crisis that exacerbated it. These conditions influenced and continue to influence not on...
Chapter
Globally, economies are facing the consequences of three different forms of crisis: the crisis of the COVID-19 pandemic, the economic and fiscal crises (see Chapter 3), and the environmental crisis that has prompted climate change with the potentially existential threat to the planet. With this wave of uncertainty shocks experienced by economies ar...
Chapter
The need to shift to a model of economic development that does not undermine social cohesion is now universally recognized. This happens as the well-being of citizens that fuels economic growth is shaped to a great extent by non-income factors that are nevertheless necessary for the exploitation and creation of economic opportunities. Adopting Incl...
Chapter
This chapter attempts to outline the possible outcomes of the future regarding the course of the dynamic development of the Greek economy. For this purpose, the possible developments until 2035 are presented through the five scenarios considered in this book. The issue of the output gap for the economy is presented, as well as the external sector o...
Article
This study examines human economic behavior and views on environmental perceptions using social identity theory to determine how human behavior could impact the outcomes of alternative courses in the future in relation to the environmental crisis. Alternative economic scenarios for the future include growth, unsustainable growth, transformation, an...
Chapter
The purpose of this chapter is to analyze the knowledge requirements for production transformation in the aftermath of the 2010–2020 Greek economic crisis. The topic that the chapter is called to analyze is the following: The production structure of the Greek economy as reflected in 2018 in the sectors of the economy based on their employment has a...
Article
Full-text available
Incorporating the unavoidable changes manifesting in the behavior of individuals as an outcome of evolution at the level of development of the economy and society, we pinpoint a new theoretical background requiring the reconfiguring of the micro-foundations of economic theory regarding the creative economy. We thus set the theoretical micro-foundat...
Article
Full-text available
The effect of institutions on innovation outcomes, and therefore on economic growth, is a well-defined relationship in the literature. However, through the empirical analysis of the present paper, this relationship seems to differ between different groups of countries. The above issues are examined using annual data for 152 countries for the period...
Article
Purpose This study examines the relationship between rationality and creativity by means of social identity theory for the Greek society (2019–2020). Design/methodology/approach The outline of the social identity was given through self-categorization via a distributed questionnaire. The types of behavior (rational, nonrational and loss-averse) wer...
Chapter
The interconnection of attitudes, behaviors and cultural background in general with the opinions about taxation is an issue that has not been particularly interlinked in the relevant literature. This chapter presents the views and attitudes on the role of the state, taxation and state welfare. In addition to linking these views to a number of varia...
Chapter
The purpose of the chapter is to highlight important aspects and attitudes of human behavior in Greek society. Through them we can outline personal behaviors that shape the way decisions are made, both at individual and collective level. More specifically, the chapter presents aspects for the development of human personality as well as the concept...
Chapter
This chapter presents the attitudes of Greek society regarding the social attitudes that are developing and how they have evolved over the last two decades. More specifically, the chapter presents the human approach, in the sense that the emphasis is given on the society’s attitudes toward human friendship, human closeness, sociability and ease of...
Chapter
This chapter focuses on presenting a series of concepts related to happiness, life satisfaction, health and political self-determination. Based on the relevant literature, it seems that people’s happiness is associated with all these concepts. Thus, a theoretical analysis is presented for the above concepts, and also a description of the evolution...
Chapter
The scope of the chapter is to presents the main attitudes of Greek society and how they are positioned compared to the rest of the world, based on Global Preferences Survey. Most theories of human behavior agree that a set of preferences guide individuals in decision-making. These include risk-taking preferences, positive and negative reciprocity...
Chapter
The size of the Greek public sector is considered by many to be the main culprit for the long-term accumulation of deficits, which led to the debt crisis that the Greek economy was called upon to face over the last decade. As a result, the public sector has been the target of adjustment programs. At the same time, the prolonged period of economic c...
Chapter
This chapter concerns the notion of identity theory and its reflection on human behavior. Every identity—personal or collective identity of a nation—reflects to specific actions and provides an explanatory framework for decision-making. Therefore, the chapter examines issues such as the theoretical background of personal identity and correspondingl...
Chapter
Greek society is characterized by a peculiar cultural background that directs its development potential, since, in combination with its correspondingly peculiar institutional background, leads to the perpetuation of a stagnant model of economic development. In Greece, the cultural background has a long-term homocyclic effect. This chapter presents...
Chapter
Hofstede’s research came to fill a significant gap in the field of transnational research on values, presenting a set of characteristic values that could be used to measure cultural background. In addition, the GLOBE Study complemented Hofstede’s study by adding additional dimensions that can capture human behavior. Schwartz’s theory of cultural va...
Chapter
This chapter examines the mechanism under which human needs are generated and take place as human actions. This process is a result of two effects; the individuals’ internal characteristics, and the society’s views and cultural background where the individuals live and evolve. That been the case, the chapter examines issues such as the creation of...
Chapter
The main aim of the chapter is to outline how political beliefs are related to citizens’ views on the role of the state and the conduct of economic policy, rationalism and human happiness. More specifically, the chapter presents the voting intention per political party. In addition, the voting intention is distinguished based on the level of ration...
Chapter
This chapter aims to identify the changes that have been observed in the personality traits of the modern Greeks. All personality traits have two opposite poles, and each person is characterized by a portfolio of personality traits which is more or less comprehended by each personality trait. We can, therefore, claim that each person is characteriz...
Chapter
Loss aversion, as well as the degree of rationality of individuals, are projections of human behavior in decision-making. Elements of human behavior, which at the individual level influence the way the individual makes decisions, are an integral part of the macroeconomic growth models. Different preferences can be associated with apparent differenc...
Chapter
In recent decades, developments have been observed—especially in the developed economies of the Western world—leading to a gradual change in the cultural background of these societies from traditional to post-materialistic values. It is a silent revolution of social attitudes and is based on developments such as generational replacement, increased...
Chapter
This chapter develops issues related to the satisfaction of Greek society with the state of the economy, democracy and the euro, as well as the attitude of Greek society regarding the state interventions and the economic policy implemented in Greece. Specifically, there are issues related to attitudes about whether or not state interventions are go...
Article
Full-text available
The present paper delineates an explanatory framework for the defining factors of incentives, both financial and nonfinancial, through the theory of human economic action and that of personality traits, which shape human goals and, ultimately, social identity. It is ascertained that three types of variables affect incentives: basic conditions (cult...
Article
Full-text available
Creativity is a critical element of sustainable development. In current paper it is described through Social Identity by identifying the main factors that shape the background of creativity. We conclude that health, maturity, and positive attitudes of cultural change as well as the social stability, the environmental care and finally, the incentive...
Book
Full-text available
This book studies the evolution in human thought, action, and behavior as a result of the 2008 fi nancial crisis and the Covid-19 crisis. Through the presentation and analysis of data, as recorded for at least a decade, and using the Greek economy as a case study, the authors examine the changes in social and human capital, increasingly risk-averse...
Chapter
The chapter deals with the potentiality of economic policy in the era of low growth and low inflation through its three channels, monetary, fiscal, and structural policy. Of course, the Greek economy, as a member of the Eurozone, does not have the ability to pursue an independent monetary policy, but an examination of this area helps to draw necess...
Chapter
Politics precedes the economy as critical decisions are made at a political level. This assumption requires determining the most important political changes and trends being observed as they directly affect decisions on economic development. Initially, this chapter presents the major political trends, which relate to the redistribution of income an...
Chapter
The chapter deals with the potentiality of economic policy in the era of low growth and low inflation through its three channels, monetary, fiscal, and structural policy. Of course, the Greek economy, as a member of the Eurozone, does not have the ability to pursue an independent monetary policy, but an examination of this area helps to draw necess...
Chapter
This chapter identifies sources that affect the process of economic growth, separating them into those where economic development policies cannot directly and efficiently intervene, fundamental or deep sources, with those that can intervene, i.e., in suitable/direct or “underlying” sources of development policy, proximate sources. Furthermore, the...
Chapter
In this chapter, an attempt is made to determine the Greek economy’s initial position in the global economic structure, capturing the key features of the Greek economy in relation to the international environment and referring to Greek and global developments after the great recession caused by Covid-19. This is considered appropriate in order to i...
Chapter
Technological change and especially the need for interpreting and rationalizing it is the starting point for the further development of the growth theory. The prevailing view in the economics of growth until the 1980s concerning exogenous technology was a structural weakness of growth model, as in fact this hypothesis does not seem to reflect the p...
Chapter
This chapter has an introductory character, giving the reader useful conceptual and methodological tools for understanding the author’s point of view in terms of the analysis of subject matter with which the political economy of Greek development and growth is approached. More particularly, the basic assumptions and fundamental principles on which...
Chapter
This chapter attempts an initial investigation into whether and how the country’s productive model changed during the economic crisis (2008–2018). The chapter also attempts to highlight the problem related to the productive structure of the Greek economy and the fact that no significant differentiation in production is achieved, with the result tha...
Chapter
Sustainable Development is not only aimed at solving pre-existing problems but also at reshaping the economic and social system. Specifically, Sustainable Development seeks to meet the needs of modern (and future) generations without jeopardizing the ability of future generations to meet their own needs. Obviously, the Covid-19 crisis has come to c...
Chapter
The cultural dimensions and social psychological stereotypes are the cognitive constructs that link the past to the present and determine the future. In this chapter the cultural evolution of the Greek society is presented, as one of the most critical factors that have affected the responses to the crisis, but not adequately enough emphasized in th...
Chapter
This chapter concludes the first of a series of books, The Political Economy of Greek Growth up to 2030, focusing on the appearance and effects of Covid-19, with the aim of identifying key forecasts for the Greek economy. In order to achieve this, developments brought about by the pandemic crisis in the world economy are examined, based on the natu...
Chapter
One of the main concerns surrounding the functioning of the political system is its responsibility to select and implement an appropriate economic model. However, the relationship between economic theory and the formation of economic policy is characterized by complexity and interactions, as the specific conditions prevailing in an economy also det...
Chapter
Optimal growth requires pro-growth institutions and culture. In an optimal growth pattern, institutions, and culture facilitate entrepreneurship and innovation. In contrast, if the development and coevolution of institutions and culture are distorted, growth can become permanently stagnant, with a distorted creative destruction process causing weak...
Chapter
Despite the increase in prosperity and wealth for most economies, there have been a number of problems that prevent inclusivity in terms of exploiting opportunities by all. In most developed economies there are issues related to high-income disparities, to reduction of the size of the middle class, to non-equal opportunities between men and women,...
Chapter
This chapter presents the major macroeconomic trends that are expected to have a decisive impact on the future world, shaping conditions for change in the Greek economy and, therefore, conditions for its development and growth. Initially, it is considered appropriate to analyze pessimistic and optimistic views of the sources of growth, taking into...
Chapter
This chapter seeks to present a clear picture of how the Greek economy has been developed up to 2019. The analysis includes critical issues that have severely affected the Greek economy, such as the internal and external balances, the evolution of structural reforms, the competitiveness, the investments, the banking system, the credit system, the e...
Chapter
This chapter analyzes the context within which European economies operate as members of the economic and monetary union of the eurozone, with an emphasis on the Greek economy, highlighting the limitations placed on the formation and exercise of economic policy and its degree of interdependence between European economies. In particular, the effects...
Chapter
This chapter introduces the reader to the concept of the political economy of development and growth used in this book, as well as the following books, with regard to the analysis of the Greek economy, presenting the fundamental axes on which the author’s approach is based: sustainable development, sustainable governance, inclusive growth, social b...
Chapter
The trends that will shape the future are related to wider social, economic, and political changes. This chapter presents the major macroeconomic trends expected to change the social structure, and at the same time change economic conditions, and therefore the level of human prosperity. Firstly, it looks at how Covid-19 can affect global developmen...
Chapter
The changes in the international economic system and in geopolitical power relations over the last decades have had a decisive impact on the ways in which states are now involved in shaping the economy. The globalization of markets, special competitions, the Covid-19 pandemic, new environmental and regional challenges, as well as the divisions emer...
Chapter
The chapter presents the institutional evolution in the Greek economy. Moreover, the Greek economy has been a small open economy since the formation of the Greek state in the 1830s. Hence, the external political and economic relationships have always been a significant part of its history. The Great Powers and their role in Greek political affairs...
Chapter
This chapter provides an overview of the expected development for a number of macroeconomic figures up to 2030. For this purpose, the relevant developments for two scenarios are described: The Normal Scenario (business as usual) and the Optimal Scenario (pro-growth scenario). In addition, the aim of the chapter is to highlight the role of structura...
Chapter
This chapter aims to present the Greek economy in the context of geostrategic developments in the wider region of Southeastern Europe. The production system of the Greek economy operates in an international environment. In this context the concept of National Power has an important priority, because it ultimately determines the terms of the game at...
Chapter
The history of modern Greece can be described as an economic history of defaults episodes closely related to its external indebtedness. This chapter presents the four defaults that make Greece a dependent state throughout its recent history: (1) The default of 1826, in the midst of the Greek Independence War. (2) The defaults of the periods 1837–18...
Chapter
The purpose of this chapter is to set the background to capture the estimations concerning the Greek economy in the period from 2020 to 2030. Thus, the chapter presents the need for institutional and cultural changes in order for an economy to transform an idiosyncratic, interrelated with stagnated characteristics, model into an optimal pro-growth...
Chapter
Initially, we focus on innovation and declining returns. Following this, Veblen’s evolutionary approach is explored, and then the Austrians and another important thinker of economic thought, J. Schumpeter, and his contribution to entrepreneurship are described. Finally, the concepts of demand, expectation, and uncertainty are approached through Key...
Chapter
This chapter, initially describes the role of innovation and human capital as perceived by the endogenous growth theory. It defines the externalities which lead to market imperfections posited by the New Keynesian thought. Furthermore, the Real Business Cycle Theory is presented, with a discussion of supply shocks and technological shocks according...
Chapter
In this chapter, the role, independence, and cooperation of Central Banks (US Federal Reserve, European Central Bank, Bank of Japan) are analyzed. Also presented is a number of critical concepts, directly related to the universal governance of the multidimensional world as a result of the globalization and open financial system.
Chapter
This chapter describes entrepreneurship as a basic concept of economic activity, as it is thoroughly addressed by three main schools of thought. After that, the analysis endeavors to explain business failures and its possible causes as well as referring to individuals’ motives for pursuing entrepreneurship and how they thus shape business culture....
Chapter
This chapter presents the international economic architecture as it is framed by the international financial institutions. The pandemic of Covid-19 brought significant impacts on economic development and growth globally. This chapter identifies the new issues raised in the global economy, using the experience from the history of other pandemics tha...
Chapter
At the outset, it is described how human action is shaped through a logical sequence that starts from human needs and goes through the cultural background of a society as well as its institutions. Specifically, the decision-making process is described, together with the creation of stereotypes, the behavior of businesses and individuals, and the bi...
Chapter
This chapter presents the New Classical economics and New Keynesian. The importance of the microfoundations in Keynesian economics provided by New Keynesian economics is noted. Human capital as a source of economic growth is analyzed, as well as the theory of signaling (as a theoretical contribution with microeconomic extensions). The analysis focu...
Chapter
This chapter tracks the evolution of economic thinking from 1940 to 1970. It includes a number of key themes such as international economic relations, optimum currency areas, externalities, and public choice. Also, the basic principles of monetarism are presented after Keynesian perceptions were challenged in the late 1960s. At the end, the chapter...
Chapter
This chapter focuses on the development of economic and developmental thought as a result of the Great Recession of 2008. Initially, we focus on the nature of the Great Recession of 2008 launched by the US subprime crisis, which transformed into a debt crisis under the sudden stop of inflows of capital observed in the countries of the European peri...
Chapter
This chapter presents the international economic architecture as it is framed by the international financial institutions (International Monetary Fund, World Bank, International Settlement Bank) as well as by the councils and standards of cooperation (Financial Stability Forum, Financial Stability Board). Next, the world’s trade institutions and tr...
Chapter
This chapter, presents the neoclassical theory of growth which is made of two parts; exogenous growth and endogenous growth. Exogenous growth models and Overlapping Generations Models (OLG) are presented. Subsequently, AK models (perceived as the first endogenous ones) are analyzed and reference is made to “learning by doing.”
Chapter
This chapter initially presents the Neoclassical Synthesis through its main interpreters (Hicks, Modigliani, Solow, Tobin, and Samuelson). Thereafter, the Keynesians’ approach is described and how effective demand, capital distribution, and accumulation are perceived as sources of growth. Also, effective institutions are presented and the way uncer...
Chapter
This chapter aims to clarify the concept of uncertainty in economic thought. It distinguishes the concepts of risk and uncertainty and their sources within the economy. Finally, the analysis emphasizes the effects of uncertainty on the real economy, which are visible in the shrinking of production and the rising unemployment, to the detriment of th...
Chapter
This chapter aims to answer basic questions strongly related to the methodology in economics. For this purpose, a set of criteria for evaluating explanatory theories is presented. The analysis continues with a comparison of positivism against normativism. For better understanding, three additional methodological concepts are analyzed: the rhetoric...
Chapter
The presence of sources of growth in the evolution of economics from 1720 to 1940 is traced, focusing particularly on Malthus’s contribution and the theory of comparative advantage. Classical perceptions, such as population change and division of labor, are presented. Also, the concepts of absolute and comparative advantage are presented. Finally,...
Chapter
This chapter, as a follow-up to Chapter 18, presents the post-Great Recession macroeconomic and development debate on issues related to the economic gap in economies, public debt management and supply-side policies.
Chapter
This chapter takes up the theoretical views on the period of the Great Moderation (mid-1980s to the Great Recession of 2008). The focus is on the endogenous growth and there is a presentation of the Romer’s Product Variety Model (1986,1990), the Lucas Model (1988), and Schumpeterian Models. The economic issue of convergence of economies and the Luc...
Chapter
This chapter is an introduction to the basic principles of developmental and growth theory. The basic questions which need to be answered about economic growth are presented at this part. In the next section, the relationship between development, growth, and prosperity is analyzed as well as the different ways economists value prosperity. Output ga...
Chapter
The evolution of economic thought is examined, compiled on a comprehensive table, which is then analyzed alongside the main milestones of the development of the global economy. Reference is made to the economy and economics until the Great Recession of 2008. Also, the advancement of technology in the period following the Great Depression and the en...
Chapter
In this chapter, simple and complex economic systems are compared. The concept of complexity in economic theory is presented along with the ways to measure complexity in an economy. Also, there is a description of the contribution of the concept of information to economic theory, to be found in the basic assumption of the prevalent economic thought...
Chapter
Here we distinguish between the concept of foresight and predictions, as an attempt by individuals to perceive the future in the uncertain world in which they live. The chapter focuses on the role of expectations in economics and the forecasts for the evolution of key macroeconomic variables. Then, reference is made to expectations and the way in w...
Chapter
This chapter, analyzes the relationship between politics and political institutions and how it affects the economic outcomes. Thus, the relationship between policy decision-making and income distribution explains how structural reforms and political costs have a major impact on policymaking by governments. In order to address the issue more thoroug...
Chapter
Greek society was particularly affected by the recession that hit the economy over the last decade. This condition also influenced the political trends of society and economic behaviors, thus shaping the process of the cultural evolution of the Greeks. In order to be able to determine the Optimal Growth Strategy of the Greek economy, the main trend...
Chapter
Governance cannot only influence the performance and form of the economic system at present, but it essentially shapes incentives and institutions for the future distribution of resources and incomes within society. This chapter aims to present economic policies to enhance the quality and sustainability of governance in Greece, given the many weakn...
Chapter
This chapter analyzes some policy areas in which non-fiscal institutional changes will have to be applied in the period 2020–2024. Thus, policies for dynamic growth and development in the Greek economy are initially presented. Then, some non-fiscal institutional structural reforms are presented, where issues related to the promotion of investment a...
Chapter
When we adopt Inclusive Growth, poverty and income inequality are affecting the access to opportunities, as well as the ability for social mobility. Inequality and poverty also affect the prospects for social convergence between regions, generations and families belonging to different socio-economic groups. Increased income inequality is associated...
Chapter
This chapter presents a risk scenario analysis for the Greek economy. Firstly, global risks are presented that are going to affect economic outcomes at a global level. Then country-specific risks are presented, including a comparison of Greece to other economies. Lastly, the chapter presents a downside scenario for the world and the Greek economy a...
Book
Full-text available
This book presents a comprehensive economic plan for Greece to encourage growth and avoid future crises. This book emphasizes structural reforms and the rational financial management and analysis of private and investment infrastructures. This book also looks at the country's production and places an emphasis on revitalizing its technological struc...
Chapter
In this chapter, a simulation of the policy implementation is provided. Initially, the dynamic inclusive and sustainable growth model for the Greek economy is presented, which is a summary of the policies presented in the previous six chapters. The relationship between structural changes and growth multipliers for the Greek economy is presented as...
Chapter
When the political mandate is given to implement a new economic policy, there are two levels of action: the first one has urgent direct character. The second includes policies that are being directly implemented, with the results occurring in the medium-term. This chapter focuses on the presentation of a series of policies for immediate action or f...

Network

Cited By