Regional multipliers and economic crisis : the case of Greek economy
Part of : MIBES Transactions : international journal ; Vol.7, pages 79-91
Issue:
Pages:
79-91
Abstract:
The recovery of an economy in crisis is directly related to the strengthening of its key-sectors. Input-output multipliers constitute an important tool used for the identification of the important sectors in an economy. The aim of this paper is the estimation of the multipliers’ changes at NUTS III level during the period 2005-2010 (pre-crisis and in-crisis period) in order to highlight the dynamic sectors of the Greek economy. These sectors should compose the growth engines for the achievement of the economic recovery. Moreover, a regression analysis is implemented in order to examine the relationship among spatial/socio-economic characteristics of each prefecture and the dynamics of its economic sectors.
Subject:
Subject (LC):
Keywords:
regional multipliers, input-output analysis, regional development, tobit regression, Greece
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