Ερευνητικά δοκίμια
Μόνιμο URI για αυτήν τη συλλογήhttps://pyxida.aueb.gr/handle/123456789/64
Περιήγηση
Πλοήγηση Ερευνητικά δοκίμια ανά Συγγραφέα "Papageorgiou, Dimitris"
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Α Β Γ Δ Ε Ζ Η Θ Ι Κ Λ Μ Ν Ξ Ο Π Ρ Σ Τ Υ Φ Χ Ψ Ω
Τώρα δείχνει 1 - 2 από 2
- Αποτελέσματα ανά σελίδα
- Επιλογές ταξινόμησης
Τεκμήριο Market and political power interactions in Greece: a theory(2016) Kollintzas, Tryphon; Papageorgiou, Dimitris; Vassilatos, Vanghelis; Athens University of Economics and Business, Department of EconomicsIn recent years the growth pattern of Greece has been disturbed, as this country issuffering from a persisting economic crisis that goes beyond the usual business cycle. In this paper, we develop a neoclassical growth model of market and political power interactions that explains this crisis. The model incorporates the insiders-outsiders labor market structure and the concept of an elite government. Outsiders form a group of workers that supply labor to a competitive private sector. And, insiders form a group of workers that enjoy market power in supplying labor to the public sector and influence the policy decisions of government, including those that affect the development and maintenance of public sector infrastructures. This leads to labor misallocation andinefficient fiscal policies. Despite the fact that expanding public sector output has a positive effecton growth, eventually this is counterbalanced by the labor misallocation and inefficient tax policyoutcomes. Thus, the deep and sustained growth reversal occurring in Greece is explained as aconsequence of the organizational structure of the labor market, that has important implications onthe workings of the economic and political systems.Τεκμήριο The driving forces of the greek great depression(03/13/2017) Economides, George; Papageorgiou, Dimitris; Philippopoulos, Apostolis; Athens University of Economics and Business, Department of EconomicsThis paper provides a quantitative study of the main determinants of the Greek greatdepression since 2010. We use a medium-scale DSGE model calibrated to the Greek economybetween 2000 and 2009 (the euphoria years that followed the adoption of the euro). Then, departingfrom 2010, our simulations show that the fiscal policy mix adopted, jointly with the deterioration ininstitutional quality and, specifically, in the degree of protection of property rights, can explainessentially all the total loss in GDP between 2010 and 2015 (around 26%). In particular, the fiscalpolicy mix accounts for 14% of the total output loss, while the deterioration in property rightsaccounts for another 8%. It thus naturally follows that a less distorting fiscal policy mix and astronger protection of property rights are necessary conditions for economic recovery in this country.