Download A New Growth Model for the Greek Economy: Requirements for by Panagiotis E. Petrakis PDF

By Panagiotis E. Petrakis

On June three, 2015, the Greek Parliamentary finances workplace, the nationwide and Kapodistrian college of Athens, the Democritus collage of Thrace, and the collage of Peloponnese backed a world convention to handle medium- and long term progress in Greece. This assortment offers the most powerful papers at the stipulations required to restore and continue financial development. best specialists hide virtually each significant factor pointed out within the most recent literature, from demographic matters and suggestions for export technique to the necessity for innovation and structural reform. the mix of qualitative and quantitative ways to assessing current stipulations make this ground-breaking assortment a invaluable source for quite a few lecturers, expert economists, and fiscal coverage practitioners planting the seeds of Greece's future.

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An economic argument can be made for security-oriented policies like renewable energy subsidies that increase both current costs and self-sufficiency. The difficulty in formulating a forward-looking energy policy arises from the difficulty in comparing different types of risk and drawing appropriate policy lessons. There are at least four different perceptions of risk, and while all are clearly present, they tend to be seen in quite contrasting THE EU AND THE EUROZONE 27 ways in different European countries, and consequently produce varied and mutually incompatible responses from national political authorities: in CO2 emissions and global warming; in nuclear energy; in security dependence on imported gas and oil; and in the vulnerability of grid delivery systems to periodic breakdown.

However, while the rescue programs in the Baltic states, Ireland, and Portugal have already concluded and Cyprus is on track to exit its economic adjustment program before 2016 (M. Draghi—Press and Information Office Republic of Cyprus, March 6, 2015), Greece is undergoing a third economic adjustment program. Thus, we outline a divergence in development in these economies some years after the consequences of the crisis were fully felt. Thus, a decoupling procedure has also occurred between the programmed European countries that requested a bailout from the European Institutions.

Konstantinos Konstantakis, Panayotis Michaelides and Efthymios Tsionas (Chap. 17: “The Determinants of Economic Fluctuations in Greece: An Empirical Investigation (1995–2014)”) investigate the determinants of the Greek business cycle during 1995–2014. To this end, they use a wide dataset in a quarterly format, which contains all the major macroeconomic and financial variables that have impacted the Greek economy. They apply a number of relevant econometric techniques such as filtering, Fourier analysis, white noise tests, unit root tests, structural breaks tests, backward regression and rolling windows analysis.

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