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Palgrave Macmillan

The Evolution of the Greek Economy

Past Challenges and Future Approaches

  • Book
  • © 2020

Overview

Authors:
  1. Panagiotis E. Petrakis

    1. Department of Economics, National and Kapodistrian University of Athens, Athens, Greece

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  2. Pantelis C. Kostis

    1. Department of Economics, National and Kapodistrian University of Athens, Athens, Greece

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    You can also search for this author in PubMed   Google Scholar

  • Provides a summary of historical developments in the Greek economy
  • Compares Greek economic forecasts up to 2030
  • Addresses how structural reforms will affect the Greek economy through the TFP

Part of the book series: The Political Economy of Greek Growth up to 2030 (TPEGG)

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xxxiv
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  2. The Evolution of Economic History, Institutions and Cultural Background

    1. Front Matter

      Pages 1-1
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    2. A Brief Economic History of Repeated Defaults

      • Panagiotis E. Petrakis, Pantelis C. Kostis
      Pages 3-17

    3. The Institutional Evolution and the Failed Modernizing Attempts

      • Panagiotis E. Petrakis, Pantelis C. Kostis
      Pages 19-49

    4. The Geostrategical Settings and the Systemic Risks

      • Panagiotis E. Petrakis, Pantelis C. Kostis
      Pages 51-75

    5. The Formation of Idiosyncratic Structure of Institutions and Culture

      • Panagiotis E. Petrakis, Pantelis C. Kostis
      Pages 77-99

  3. The Evolution of Sustainability, Governance, Inclusivity, Culture and Economic Growth in the Greek Economy

    1. Front Matter

      Pages 101-101
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    2. Sustainable Development

      • Panagiotis E. Petrakis, Pantelis C. Kostis
      Pages 103-123

    3. Sustainable Governance

      • Panagiotis E. Petrakis, Pantelis C. Kostis
      Pages 125-135

    4. Inclusivity

      • Panagiotis E. Petrakis, Pantelis C. Kostis
      Pages 137-160

    5. Human Behaviors

      • Panagiotis E. Petrakis, Pantelis C. Kostis
      Pages 161-178

    6. Growth in the Greek Economy

      • Panagiotis E. Petrakis, Pantelis C. Kostis
      Pages 179-204

    7. Insights of the Production Prototype Change During the Crisis (2008–2018)

      • Panagiotis E. Petrakis, Pantelis C. Kostis
      Pages 205-229

  4. The Long-Term Evolution of the Greek Economy

    1. Front Matter

      Pages 231-231
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    2. The Requirements for a Pro-growth Long-Term View

      • Panagiotis E. Petrakis, Pantelis C. Kostis
      Pages 233-256

    3. The Long-Term View of the Greek Economy Under the Normal and the Optimal Pro-growth Scenario: 2020–2030

      • Panagiotis E. Petrakis, Pantelis C. Kostis
      Pages 257-288

  5. Back Matter

    Pages 289-292
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Keywords

About this book

This book assesses the current state of the Greek economy and detects its development and growth prospects up to 2030. The analysis begins with 19th century Greece, addressing the repeated defaults that led to the formation of a dependent state, and the failed modernizing attempts. Then the book addresses current geostrategic dimensions as well as the current structure of institutions and culture in Greece. The second part presents the evolution of sustainability, governance, and inclusivity, as well as the evolution of culture in Greek society and insights into the production prototype. The third part of the book looks forward to what lays ahead for Greece up to 2030. It presents the theoretical background for two scenarios: the normal scenario (business as usual, including the effects of the recent Covid-19 pandemic) and the optimal scenario (a pro-growth scenario including increases of Total Factor Productivity through structural reforms). In presenting these scenarios, the book discusses issues ranging from a comparative analysis between Greece and the Eurozone, the developments in output gap and potential output, public debt, competitiveness, basic macroeconomic variables, a detailed analysis on investments, and inclusive growth.

Authors and Affiliations

  • Department of Economics, National and Kapodistrian University of Athens, Athens, Greece

    Panagiotis E. Petrakis, Pantelis C. Kostis

About the authors

Panagiotis E. Petrakis is Professor in the Department of Economics at National and Kapodistrian University of Athens, Greece, where he serves as Director of the Sector of International Economics and Development and Scientific Coordinator of Distance Education Training Programs. He was chairman of the Department of Economics at National and Kapodistrian University of Athens from 2005 to 2009. He is the author of numerous scientific articles and monographs and has extensive publications in recognized academic journals on economic development, entrepreneurship, and cultural background.

Pantelis C. Kostis is Adjunct Lecturer of Economics at National and Kapodistrian University of Athens and the Hellenic Open University, Greece. His research has been published in distinguished international academic journals including Journal of Business Research, Economic Modelling and the Journal of Socio-Economics. He is also the co-author of several books regarding the European andthe Greek economy, and economic development and growth.

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