Regional Inequalities in Greece

Petrakos, George; Artelaris, Panagiotis

doi:10.1007/978-3-7908-2086-7_6

Cited by 35 publications

(66 citation statements)

References 43 publications

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“…Some authors have found evidence that regional disparities tend to behave in a pro‐cyclical manner, that is, increasing in periods of economic expansion and decreasing in periods of slow growth. This pattern has been identified for short‐term growth processes by Petrakos, Rodríguez‐Pose, and Rovolis (2005) for the EU as a whole and by Ioannides and Petrakos (2000) and by Petrakos (2001) for Greece alone. Dewhurst (1998) also detected a pro‐cyclical evolution of disparities in the UK for the period 1984–1993, as did Cuadrado‐Roura, Mancha Navarro, and Garrido Yserte (1998) and Rodríguez‐Pose (2000) between 1985 and 1999 for Spain.…”

Section: Introductionmentioning

confidence: 57%

“…The reasons for this behavior of rich and poor regions in Greece are related to two factors: the reliance on tourism as the main source of revenue by various dynamic Greek regions and the expansion of industrial activity from Athens to its neighboring regions. Many Greek regions with an intermediate level of development at the beginning of the 1980s—and especially the islands of Crete, the South Aegean, and Ionian islands—have kept their economies relatively open, thanks to their dependence on tourism flows and have, as a consequence, grown faster than other regions more reliant on agriculture or on other types of services (Petrakos and Saratsis 2000). Hence, in Greece, tourism helps to offset the concentration of economic activity in the more developed areas of the country, operating “as a counterbalancing force to the endogenous tendencies of industrial activity to concentrate in selected areas” (Petrakos and Saratsis 2000: 69; see also Ioannides and Petrakos 2000).…”

Section: The Emergence Of Sheltered Economies In the Southern Periphementioning

confidence: 99%

“…Many Greek regions with an intermediate level of development at the beginning of the 1980s—and especially the islands of Crete, the South Aegean, and Ionian islands—have kept their economies relatively open, thanks to their dependence on tourism flows and have, as a consequence, grown faster than other regions more reliant on agriculture or on other types of services (Petrakos and Saratsis 2000). Hence, in Greece, tourism helps to offset the concentration of economic activity in the more developed areas of the country, operating “as a counterbalancing force to the endogenous tendencies of industrial activity to concentrate in selected areas” (Petrakos and Saratsis 2000: 69; see also Ioannides and Petrakos 2000). In addition, in the last two decades, Athens has witnessed the decentralization of numerous industrial activities to its outskirts—fundamentally to the prefecture of Boeotia in Central Greece—which, according to Petrakos and Saratsis (2000: 67), has been one of the main drivers of economic dynamism in Greece in recent years and has acted as a further centrifugal force.…”

Section: The Emergence Of Sheltered Economies In the Southern Periphementioning

confidence: 99%

“…Hence, in Greece, tourism helps to offset the concentration of economic activity in the more developed areas of the country, operating “as a counterbalancing force to the endogenous tendencies of industrial activity to concentrate in selected areas” (Petrakos and Saratsis 2000: 69; see also Ioannides and Petrakos 2000). In addition, in the last two decades, Athens has witnessed the decentralization of numerous industrial activities to its outskirts—fundamentally to the prefecture of Boeotia in Central Greece—which, according to Petrakos and Saratsis (2000: 67), has been one of the main drivers of economic dynamism in Greece in recent years and has acted as a further centrifugal force.…”

Section: The Emergence Of Sheltered Economies In the Southern Periphementioning

confidence: 99%

See 3 more Smart Citations

Regional Business Cycles and the Emergence of Sheltered Economies in the Southern Periphery of Europe

Rodríguez‐Pose¹,

Fratesi²

2007

Growth and Change

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Recent research has highlighted that in the last few years, the evolution of regional disparities in many European states has become pro-cyclical. This represents a change with respect to the predominantly anti-cyclical pattern of the 1960s and 1970s. This paper addresses the question of whether and when this change has taken place in the southern periphery of Europe, before analysing the factors that may have played a role in such a change. The analysis relies on a regional database that includes the evolution of the GDP per capita of NUTS II regions in five European countries (France, Greece, Italy, Portugal, and Spain) between 1980 and 2000. The results of the analysis support the hypothesis of a change towards a pro-cyclical evolution of regional disparities in the cases of Italy, Portugal, and Spain, but not in those of Greece and France. A relationship between these pro-cyclical patterns and the emergence of less dynamic sheltered economies is also detected in peripheral regions. This lack of dynamism is related to the fact that numerous peripheral areas in southern Europe have become increasingly dependent on factors such as transfers or public investment and employment, and therefore are less exposed to changes in market conditions. Copyright 2007 Blackwell Publishing.

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Section: Introductionmentioning

confidence: 57%

Section: The Emergence Of Sheltered Economies In the Southern Periphementioning

confidence: 99%

Section: The Emergence Of Sheltered Economies In the Southern Periphementioning

confidence: 99%

Section: The Emergence Of Sheltered Economies In the Southern Periphementioning

confidence: 99%

See 2 more Smart Citations

Regional Business Cycles and the Emergence of Sheltered Economies in the Southern Periphery of Europe

Rodríguez‐Pose¹,

Fratesi²

2007

Growth and Change

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“…The country's presence in the European unification process has shaped its national and regional economic policy orientation. One of the key questions raised by a number of studies is whether the integration course has enhanced regional growth and convergence (Syriopoulos and Asteriou, 1998;Petrakos and Saratsis, 2000;Tsionas, 2002;Michelis et al, 2004;Christopoulos and Tsionas, 2004;Alexiadis andTomkins, 2004, Benos andKaragiannis, 2008). Empirical results reported mixed evidence at both the regional (NUTS 2) and prefecture levels (NUTS 3).…”

Section: Introductionmentioning

confidence: 99%

Spatial effects of the property sector investment on Greek economic growth

Benos

Karagiannis

Vlamis

2011

Journal of Property Investment &Amp; Finance

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If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -The aim of this paper is to identify the importance of property sector investment in regional economic growth in Greece. Design/methodology/approach -The paper uses regional accounts data, including investment and employment for all Greek industries. The standard Cobb-Douglas specification is used. The authors apply random effects and GMM estimators for dynamic panel data and employ two model specifications (aggregate and disaggregate). Findings -The results indicate a positive relationship between investment in real estate services and hotels and restaurants and regional growth. Also, investment in the energy sector, which is closely linked to construction and consequently to housing activity, appears to have a positive and significant growth effect. Practical implications -The authors believe that these results are useful, make a contribution to the existing knowledge, and provide firm justification that the property sector has a considerable effect on regional economic growth in Greece. Originality/value -One of the distinctive features of the paper is that it discusses critically the extent to which the Greek property sector, as part of a broader nexus of domestic and global dynamics, affects regional economic growth -either directly or indirectly. To the best of the authors' knowledge, none of the existing studies in this area provides a systematic treatment of the property sector as a contributory factor in explaining the growth performance of Greek regions. The authors believe that this is an important empirical issue, especially given the spatial disparities that characterise Greek economic growth.

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Industrial Policies and Evolutionary Paths: A Case Study of the Impact of the Greek Investment Law to Effect Investment Decisions of Greek Firms

Kalogeresis

2020

New Metropolitan Perspectives

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The main objective of the article is to test the difficulty of changing evolutionary paths, by studying the evolution of the sectoral outcomes of one of the basic regional and industrial policy tools in Greece, the Greek Investment Law (GIL), through a brief analysis the past and present experience of GILs. Based on a unique database of the past four GILS, I will try to comment on the effectiveness of the policies in altering the investment decisions of Greek firms, in the light of the national Smart Specialisation Strategy (3S), particularly focusing on the current law (for which there is some preliminary unpublished data), which incorporates -but is not limited to -the sectoral priorities of the Greek National 3S Strategy, and the degree to which this is visible in the preliminary data. More specifically, I will focus on the extent of visible changes in the sectoral distribution of the recent GILs and whether these seem to converge to the targets of the Greek National Smart Specialization Strategy and whether the lack of convergence can be ascribed to the workings of evolutionary mechanisms and in particular a political and cognitive lock-in.

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Regional Inequalities in Greece

Cited by 35 publications

References 43 publications

Regional Business Cycles and the Emergence of Sheltered Economies in the Southern Periphery of Europe

Regional Business Cycles and the Emergence of Sheltered Economies in the Southern Periphery of Europe

Spatial effects of the property sector investment on Greek economic growth

Industrial Policies and Evolutionary Paths: A Case Study of the Impact of the Greek Investment Law to Effect Investment Decisions of Greek Firms

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