The Greek economy is at a critical point. From to the present, Greece has accomplished an unprecedented — in the annals of the European Union and of the Organization for Economic Cooperation and Development OECD — adjustment of macroeconomic imbalances. There has been a 25 percent improvement in competitiveness in terms of labor costs.
Numerous structural reforms have been implemented in the labor and products markets, as well as in public administration. Banks have been recapitalized extensively. No one can disregard these achievements, which were possible thanks to the sacrifices made by the Greek people after There is further a strong political consensus in favor of the country's continued membership in the eurozone. By a significant majority, Greece's political parties are not just pro-euro, but have also voted in Parliament for measures that have often come at a heavy social cost so that Greece can remain in the euro area.
Populism and the bad practices of the past have been condemned in the minds of Greeks. Nevertheless, the country still has a long way to go. What has been accomplished so far is just the beginning of a new growth model based on healthy fundamentals and higher competitiveness.
For example, we need to become more comfortable with privatizations and with public-private partnerships even in areas that are considered taboo today, such as social security, health and education. We need quite a few more reforms, such as in the energy market, the product and services market, as wel as in certain professions, in order to increase productivity. We need an evaluation of the structures of the public sector, measures to curb red tape across the public administration, and to speed up justice. Our independent institutions need to be respected, and innovation and the transition to an economy of knowledge need to pushed forth by encouraging and offering incentives for cooperation between the private sector and universities and research institutes.
And of course, we still face the task of dealing with the huge volume of nonperforming loans and the problem of so-called strategic defaulters, both steps that are crucial not just to returning the banking system to good health, but also to boosting the Greek economy. Dissertation, in Greek. Publications in books and collective volumes 1. Efficiency measurement across sectors of the Greek economy: A stochastic production frontier analysis with Sophia Dimelis , , in Policy Studies for the Greek and International Economy, pp.
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Technical efficiency and the role of information technology: A stochastic production frontier study across OECD countries with Sophia Dimelis , , in Internet Econometrics, pp. An empirical investigation of direct and spillover effects from information and communication technology in Greek industries with Sophia Dimelis , , in Essays in Economics: Applied Studies on the Greek Economy, pp.
Publications in conference volumes 1. Labor productivity and the impact of information and communication technologies: A panel data analysis of developed and developing countries with Sophia Dimelis , , in Proceedings of the NESIS Summative Conference, pp.
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Other publications 1. Public investment multipliers in EU countries: Does the efficiency of public sector matter? Fiscal multipliers in euro area peripheral countries: empirical evidence from a structural VAR model, , Discussion Paper No. Athens, Centre of Planning and Economic Research. Human capital effects on technical inefficiency: A stochastic frontier analysis across sectors of the Greek economy with Sophia Dimelis , , Discussion Paper No.
Athens, Centre of Planning and Economic Research 7. Completed working papers 1. Does public sector corruption matter when studying the TFP growth influence of regulation? Parametric and non parametric evidence across OECD countries 2. Public investment and growth in EU countries: Does public sector efficiency matter?
Public spending and growth in EU countries: Does monetary policy matter? The growth impact of foreign direct investment: Do regulatory and technological characteristics matter? Fiscal policy and growth in the Euro area periphery: Does the business cycle matter? Asymmetry in the relationship between public spending and growth in the Greek economy: Evidence form Markov Switching models. Work in progress 1. Participation in research projects 1.
As of May my papers have been cited times times since October h-index: 5, i index: 5.
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For details see Google Scholar. International conferences 1.
Athens, Greece, June 3, Thessaloniki, Greece, June , Local meetings and invited seminars 1. Conference on Topical Issues of the Greek Economy.
Kyllini, Greece, May 8, Athens, Greece, December 3, University of Thessaly, Volos, Greece, April 5,