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A New Growth Model for the Greek EconomyThe Greek Growth Decoupling

A New Growth Model for the Greek Economy: The Greek Growth Decoupling [The recent economic crisis has brought back on the focus of the debates issues of developmental nature for the European economies. Dealing with the debt crisis in European economies, beyond any peculiarities that present at the national level, depends largely on the common economic policy followed. However, that policy cannot suit all. This chapter attempts to capture the decoupling paths between the Greek economy and the economies of Ireland, Portugal, Cyprus, and the Baltics, after the break out of the crisis in each case. The scope is to highlight the differences in economics and politics, macroeconomic rebalancing, competitive issues, and a general characterizing of the recession they faced. Throughout the analysis, it seems that the Greek economy faces an idiosyncratic pattern that matches its future growth potential. Those idiosyncratic characteristics relate to the direction of the potential abilities of the economy.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A New Growth Model for the Greek EconomyThe Greek Growth Decoupling

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Publisher
Palgrave Macmillan US
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-137-58943-9
Pages
33 –57
DOI
10.1057/978-1-137-58944-6_3
Publisher site
See Chapter on Publisher Site

Abstract

[The recent economic crisis has brought back on the focus of the debates issues of developmental nature for the European economies. Dealing with the debt crisis in European economies, beyond any peculiarities that present at the national level, depends largely on the common economic policy followed. However, that policy cannot suit all. This chapter attempts to capture the decoupling paths between the Greek economy and the economies of Ireland, Portugal, Cyprus, and the Baltics, after the break out of the crisis in each case. The scope is to highlight the differences in economics and politics, macroeconomic rebalancing, competitive issues, and a general characterizing of the recession they faced. Throughout the analysis, it seems that the Greek economy faces an idiosyncratic pattern that matches its future growth potential. Those idiosyncratic characteristics relate to the direction of the potential abilities of the economy.]

Published: Sep 1, 2016

Keywords: Total Factor Productivity; Banking Sector; Public Debt; Debt Crisis; Fiscal Deficit

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