Gender wage gaps and economic crisis in Greece

Agiomirgianakis, George; Bertsatos, Georgios; Tsounis, Nicholas

doi:10.1080/02692171.2018.1485633

Cited by 3 publications

(1 citation statement)

References 27 publications

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“…The average annual real GDP growth for the period was −3.93%, the average price changes over the period were −2.3%, the average annual unemployment rate was 24.2% of the labor force, and the average annual current account balance was USD −9.9 billion (IMF 2021). Furthermore, there was an emigration of the most skilled and qualified individuals together with a fall in employment coupled with wage cuts of 22.5% to 23.2% dictated by the Troika (Agiomirgianakis et al 2019).…”

Section: Data Descriptionmentioning

confidence: 99%

A New Method for Measuring Total Factor Productivity Growth Based on the Full Industry Equilibrium Approach: The Case of the Greek Economy

Tsounis

Steedman

2021

Economies

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A new method of identifying the sources of output growth and measuring total factor productivity (TFP) is proposed, with an application to data from the Greek economy. The price accounting approach, based on the full industry equilibrium (FIE) framework introduced by Opocher and Steedman, where technical progress not only increases outputs relative to inputs but also reduces output prices relative to input rewards, is used. The contributions of this paper are that, first, it amends the FIE TFP measurement approach to account for heterogeneous labor inputs, imported inputs, and indirect taxes, and applies the method to real-world data from the Greek economy; second, it provides a comparison of the results with those found by the use of the neoclassical approach to TFP measurement arguing that the FIE approach measures better sectoral TFP change, and third, it provides an estimate of the effects of sectoral research and development (R&D) expenditures and R&D diffusion from other sectors on TFP change for the Greek economy.

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Section: Data Descriptionmentioning

confidence: 99%