The European Journal of Comparative Economics

ISSN: 1824-2979

Contents

• Homepage
• Previous Issues
• Current Issue
• Forthcoming Articles
• Authors
• Jel Classification Codes

Journal

• Aims and Scope
• Editorial Board
• History
• Policy and Ethics
• Indexing & metrics
• Contacts
• News
• Statistics

Contributors, Referees and Editors

• Instructions for Authors
  
• Paper submission
• Registration (new submitters)
• Referees and Editors entrance
  (old system)
• Referees and Editors entrance
  (new system)

EJCE Year: 2021, June. Volume: 18 - Issue: 1

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

by Daphne Nicolitsas

Start page: 23 - End page: 47

Keywords: Competitiveness, Institutions, Wage determination, Product market rigidities, Productivity, Self-employment, Deindustrialisation

Jel code: J2; J31; J5; L11; O43

DOI: 10.25428/1824-2979/202101-23-47

Abstract:

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.

View this article (PDF)