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Corresponding Author:
Theodore Mariolis, Panteion University, Department of Public Administration, Athens, Greece

Coauthors:
Eirini Leriou, Hellenic Open University, Athens, Greece
George Soklis, Hellenic Open University, and Panteion University, Department of Public Administration, Athens, Greece

Dissecting the Input-Output Structure of the Greek Economy 2005-2010

Volume 72 - Issue 4, November 2019
(pp. 453-474)
JEL classification: C67, D57, E61, F14, O25
Keywords: Domestic and Foreign Value Added, Greek Economy, Industrial Policy, Interindustry Linkages and Leakages, Management of Effective Demand, Structural Transformation

Abstract

Using input-output table data and a system of basic and derivative indices, the analysis in this paper provides a dissection of the Greek economy for the years 2005 and 2010. The findings suggest that: (i) the structural features of the economy have been shaped well before the emergence of the so-called Greek (or PIIGS) crisis; (ii) a well-targeted effective demand management policy could be mainly based on the service and primary production sectors; and (iii) industrial policy would be necessary and could primarily focus on nine highly import-dependent commodities of the industry sector. Therefore, it seems that a change in the intersectoral structure of the Greek economy is necessary.


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