Αρχεία Κατηγοριών: Άρθρα

This paper examines the relationship between economic growth and general welfare using input-output analysis and welfare economics in Germany, Greece, Italy, and the Netherlands. Findings reveal that economic growth aligns with welfare improvement mainly in Italy and the Netherlands.

Το άρθρο αναλύει τη συμμετοχή της ελληνικής οικονομίας στις Παγκόσμιες Αλυσίδες Αξίας (ΠΑΑ) την περίοδο 1995-2020. Εντοπίζονται σημαντικές αυξήσεις στην εξάρτηση της Ελλάδας από τις διεθνείς αγορές, αλλά ταυτόχρονα, η αλληλεξάρτηση παραμένει περιορισμένη, υποδεικνύοντας την υποβάθμιση του ρόλου της ελληνικής οικονομίας στο διεθνές σύστημα.

This paper estimates the Greek hotel sector’s economic impact, contributing 4.8% to GDP and 6.6% to employment in 2023. It highlights that nearly 20% of hotel costs are taxes, informing policymakers on the sector’s significance and role within the economy.

This paper analyzes the intersectoral linkages of Greece’s tourism sector using an extended version of the hypothetical extraction method and 2015 input-output data. It finds that tourism acts more as an input supplier than a buyer, indicating that broader economic growth is needed to stimulate tourism rather than relying on tourism to drive growth.

This paper evaluates the effects of a «green» employer of last resort (ELR) program in the US, using an extended multiplier framework. It finds that an optimal ELR can enhance output and employment while reducing imports and carbon emissions. However, achieving ecological goals may compromise overall effectiveness.

The paper presents a model estimating how costs contribute to energy prices in Greece. Findings reveal that profits, particularly in the energy sector, and imports predominantly influence prices. Recommendations suggest implementing policies to curb energy sector profits and promote domestic production to mitigate energy costs.

Using a multisectoral model and data from the supply and use tables, this article estimates the exchange-rate pass-through to the domestic price level of the Turkish economy. The results indicate that a unit change in the exchange rate leads to 0.61 units of change in the overall price level. This effect comes out mostly through the industry, and the primary sector; while in terms of products, the energy sector is the major actor for the changes in the domestic price level.

This article takes a critical view on austerity policy and examines its social and economic consequences for the case of Greece. By introducing the concept of “growthless employment” it demonstrates that the implementation of internal devaluation policies had a substantial impact on the Greek society that needs to be addressed. Within a decade, household disposable income was reduced to an unprecedented level while the labour market was extensively deregulated as several indicators can display. The seemingly paradoxical case of employment without growth—hence, growthless employment—can be interpreted as the consequence of the intensity of the mix of austerity policies that was imposed as “one-size-fits-all” without taking the peculiar structure of the Greek economy into account. A descriptive examination of this idiosyncratic state of affairs is offered, providing new insights on how the level of depreciation can be better assessed. It is argued that the overall severity of the crisis is better captured by the level of disposable income whereas a modified measurement of poverty and income depreciation is introduced for the same purpose. Lastly it is maintained that Greece has suffered by an enormous outflow of its productive-aged population in the aftermath of the crisis. All the above concretise the idea of growthless employment in Greece.