Interconnections in the Greek Economy: Between Macro- and Microeconomics

ISBN-13: 9783031313349 / Angielski

Panagiotis E. Petrakis

Opis

This book examines the economic interconnections of the Greek economy at a macro and micro level, allowing it to explore both the economic relations between the various sectors and the interconnections of various companies and overlaps in management boards. Two approaches are used to quantify interdisciplinary and cross-sectoral interfaces: the traditional input-output analysis approach and the “influence and information flow” approach through network analysis. The book's first part presents the current conditions and the economic interconnections within the Greek economy. In the second part, during the analysis of microeconomic interconnections between individuals and companies, a much more thorough presentation of the economic interconnections of Greek companies is established. Finally, the book’s third part presents how the Greek economy must transform its production prototype under structural constraints and opportunities for economic diversification and inclusive growth and under the pressure of economic shocks and uncertainty.

Spis treści

Part A: Sectoral Interconnections in the Greek Economy. –Chapter 1: Industrial Policy and Productive Transformation: An Optimization Approach based on Input-Output Analysis (Maria Markaki, Stelios Papadakis). –Chapter 2: Greece towards 2027: Structural Transformation, Industrial Policy and Economic Development (Maria Markaki, Stelios Papadakis). –Chapter 3: A regional analysis of Inputs-Outputs of the Greek Economy:  a baseline depiction of interconnections in Greece (Georgia Pagiavla and Yorgos Pisinas). –Part B: Relations in the Greek Industries. –Chapter 4:  Networks in Ownership and Management Structures (Giorgos Vasilis). –Chapter 5: Connected Corporate Networks I: Definitions, metrics and empirical results from the Greek telecommunications sector (Michalis Vafopoulos, Charalampos Agiropoulos, Artemis Gourgioti and Michalis Klonaras). – Chapter 6: Connected Corporate Networks II: A novel approach to the competition measure (Charalampos Agiropoulos, Michalis Vafopoulos, Artemis Gourgioti and George Galanos). –Part C: Economic Shocks, Diversification and Economic Interconnections. –Chapter 7: Economic Shocks in Greece and the Effects on the Gross Value Added per Economic Sector (Kyriaki Kafka). –Chapter 8: Identifying Smart Growth Policies for Economic Diversification and Sustainable and Inclusive Growth in the Greek Economy (Pantelis Kostis). –Chapter 9: Networks & Interconnections in an Era of Trending Divergence (Anna-Maria Kanzola)

O autorze

Panagiotis E. Petrakis is Emeritus Professor in the Department of Economics at National and Kapodistrian University of Athens, Greece, where he serves as Scientific Coordinator of Distance Education Training Programs. He was chairman of the Department of Economics at NKUA from 2005 to 2009. He is the author of numerous scientific articles and monographs and has extensive publications in recognized academic journals on economic development, entrepreneurship, and cultural background.

Blurb

“This book is an excellent addition to the literature in this field of economic interconnections and networks as it provides a framework for understanding and explaining economic, institutional, national, and social interactions and relationships. Moreover, the book offers policy implications on how to mitigate vulnerabilities resulted by incoherent interconnections, focusing on the Greek economy, which is service-oriented and characterized by low dynamism. Overall, it will be of great value to researchers, students, and practitioners alike.”

— Dimitrios Kenourgios, Professor of Department of Economics, National and Kapodistrian University of Athens

“This book provides a rich and innovative portrayal of the Greek economy and its challenges. By focusing on sectoral interconnections, relations among industries and corporate networks it links macroeconomic evaluation with microeconomic detail necessary for more refined industrial policy design. The varied and transdisciplinary approaches of the contributing authors illuminate both our understanding of the Greek government debt crisis and the ways to achieve sustainable development. Students, researchers, and policymakers will have much to gain from reading this book.”

— Andreas Papandreou, Professor of Department of Economics, National and Kapodistrian University of Athens

This book examines the interconnections of the Greek economy at a macro and micro level, allowing it to explore both the economic relations between the various sectors and the interconnections of various companies and overlaps in management boards. Two approaches are used to quantify interdisciplinary and cross-sectoral interfaces: the traditional input-output analysis approach and the “influence and information flow” approach through network analysis. The book presents the current conditions and the economic interconnections within the Greek economy. During the analysis of microeconomic interconnections, a much more thorough presentation of the economic interconnections of Greek companies is established. Finally, how the Greek economy must transform its production prototype under structural constraints and opportunities for economic diversification and inclusive growth and under the pressure of economic shocks and uncertainty is presented.

Panagiotis E. Petrakis is an Emeritus Professor (Department of Economics, NKUA, Greece), and Scientific Coordinator of Distance Education Training Programs.