The impact of regulations and institutions on competitiveness and productivity: the case of Greece

The discussion on the causes of the Greek crisis has focused on the twin deficits: the fiscal and current-account deficit. The objective of this paper is to examine how the twin deficits came about implicating structural features of the Greek economy which contributed to the loss in competitiveness....

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Autor principal:	Daphne Nicolitsas
Formato:	article
Lenguaje:	EN
Publicado:	Università Carlo Cattaneo LIUC 2021
Materias:	competitiveness institutions wage determination product market rigidities productivity self-employment deindustrialisation Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/3d52028845634d3da1b9abde92310126
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id	oai:doaj.org-article:3d52028845634d3da1b9abde92310126
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spelling	oai:doaj.org-article:3d52028845634d3da1b9abde923101262021-11-25T10:44:59ZThe impact of regulations and institutions on competitiveness and productivity: the case of Greece10.25428/1824-2979/202101-23-471824-2979https://doaj.org/article/3d52028845634d3da1b9abde923101262021-06-01T00:00:00Zhttps://ejce.liuc.it/18242979202101/182429792021180102.pdfhttps://doaj.org/toc/1824-2979The discussion on the causes of the Greek crisis has focused on the twin deficits: the fiscal and current-account deficit. The objective of this paper is to examine how the twin deficits came about implicating structural features of the Greek economy which contributed to the loss in competitiveness. The paper uses evidence on labor market outcomes and business demographics together with detailed information on product and labor market institutions to support the argument that these institutions played a role in the premature deindustrialization of the economy and in shaping a structure binding the economy to a low productivity level. These structural characteristics are related not only to cost elements but also to the capacity of the economy to deliver.Daphne NicolitsasUniversità Carlo Cattaneo LIUCarticlecompetitivenessinstitutionswage determinationproduct market rigiditiesproductivityself-employmentdeindustrialisationEconomics as a scienceHB71-74ENThe European Journal of Comparative Economics, Vol 18, Iss 1, Pp 23-47 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	competitiveness institutions wage determination product market rigidities productivity self-employment deindustrialisation Economics as a science HB71-74
spellingShingle	competitiveness institutions wage determination product market rigidities productivity self-employment deindustrialisation Economics as a science HB71-74 Daphne Nicolitsas The impact of regulations and institutions on competitiveness and productivity: the case of Greece
description	The discussion on the causes of the Greek crisis has focused on the twin deficits: the fiscal and current-account deficit. The objective of this paper is to examine how the twin deficits came about implicating structural features of the Greek economy which contributed to the loss in competitiveness. The paper uses evidence on labor market outcomes and business demographics together with detailed information on product and labor market institutions to support the argument that these institutions played a role in the premature deindustrialization of the economy and in shaping a structure binding the economy to a low productivity level. These structural characteristics are related not only to cost elements but also to the capacity of the economy to deliver.
format	article
author	Daphne Nicolitsas
author_facet	Daphne Nicolitsas
author_sort	Daphne Nicolitsas
title	The impact of regulations and institutions on competitiveness and productivity: the case of Greece
title_short	The impact of regulations and institutions on competitiveness and productivity: the case of Greece
title_full	The impact of regulations and institutions on competitiveness and productivity: the case of Greece
title_fullStr	The impact of regulations and institutions on competitiveness and productivity: the case of Greece
title_full_unstemmed	The impact of regulations and institutions on competitiveness and productivity: the case of Greece
title_sort	impact of regulations and institutions on competitiveness and productivity: the case of greece
publisher	Università Carlo Cattaneo LIUC
publishDate	2021
url	https://doaj.org/article/3d52028845634d3da1b9abde92310126
work_keys_str_mv	AT daphnenicolitsas theimpactofregulationsandinstitutionsoncompetitivenessandproductivitythecaseofgreece AT daphnenicolitsas impactofregulationsandinstitutionsoncompetitivenessandproductivitythecaseofgreece
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The impact of regulations and institutions on competitiveness and productivity: the case of Greece

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