Jump to ContentJump to Main Navigation
Beyond AusterityReforming the Greek Economy$
Users without a subscription are not able to see the full content.

Costas Meghir, Christopher A. Pissarides, Dimitri Vayanos, and Nikolaos Vettas

Print publication date: 2017

Print ISBN-13: 9780262035835

Published to MIT Press Scholarship Online: May 2018

DOI: 10.7551/mitpress/9780262035835.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 02 March 2021

The Greek Economy before and during the Crisis—and Policy Options Going Forward

The Greek Economy before and during the Crisis—and Policy Options Going Forward

Chapter:
(p.3) 1 The Greek Economy before and during the Crisis—and Policy Options Going Forward
Source:
Beyond Austerity
Author(s):

Costas Meghir

Christopher A. Pissarides

Dimitri Vayanos

Nikolaos Vettas

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262035835.003.0001

This chapter reviews the performance of the Greek economy before and during the global financial crisis. It also presents policy options for Greece going forward, drawing to a significant extent on the conclusions of subsequent chapters. The chapter first studies Greece's economic performance in the decades before the crisis. It discusses the evolution of gross domestic product (GDP) per capita and productivity, debt, consumption, investment, wages and prices. The chapter then turns to the quality of the institutions pertaining to the business environment (product market regulation, justice system, access to finance, and labor market regulation), and to social protection and public good provision (pensions, welfare system, health care, and education). It also identifies interconnections between institutional quality and macroeconomic outcomes.

Keywords:   Greek economy, global financial crisis, policy options, business environment, social protection, public good provision, institutional quality, macroeconomic outcomes, gross domestic product

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.