The static Sraffian multiplier for the Greek economy: evidence from the Supply and Use Table for the year 2010*
Theodore Mariolis
Theodore Mariolis
Department of Public Administration, Panteion University, Athens, Greece
Search for other papers by Theodore Mariolis in
Current site
Google Scholar
PubMed
Search for other papers by Theodore Mariolis in
Current site
Google Scholar
PubMed
George Soklis
George Soklis
Research Institute for Tourism, Athens and School of Applied Mathematical and Physical Sciences, National Technical University of Athens, Greece
Search for other papers by George Soklis in
Current site
Google Scholar
PubMed
Search for other papers by George Soklis in
Current site
Google Scholar
PubMed
This paper estimates the ‘static Sraffian multiplier’ for the Greek economy using data from the Supply and Use Table for the year 2010. It is found that (i) an effective demand management policy could be mainly based on the service sector; and (ii) the whole economic system, and especially its industry sector, is heavily dependent on imports. The results seem to be in accordance with the observed deep recession of the Greek economy and, furthermore, suggest that a change in its intersectoral structure is necessary.
Purchase
Pay to Access Content (PDF download and unlimited online access)
Institutional Login
Log in with Open Athens, Shibboleth, or your institutional credentials
Personal login
Log in with your Elgar Online account
- 1 INTRODUCTION
- 2 THE ANALYTIC FRAMEWORK
- 3 EMPIRICAL RESULTS
- Representation of the matrix of primary employment multipliers, Λ; μ=0.223(i=44) and M=313.49(i=23)
- Representation of M0 for sw=0 and sp=1; μ=1.0(i=4,40) and M=1.06(i=5)
- Representation of the matrix multipliers for m^=m^*, sw=0 and sp=1
- Output, import and employment multipliers for m^=m^*, sw=0 and sp=1
- Output versus import multipliers;sw=0 and sp=1
- The arithmetic means of multipliers for primary production commodities, industrial commodities and services; m^=0 or m^=m^*, sw=0 and sp=1
- 4 EVALUATION AND POLICY IMPLICATIONS
- Government consumption expenditure, gross investment and foreign trade indices; year 2010
- The arithmetic means of multipliers for each group and category of commodities; m^=m^*, sw=0 and sp=1
- The arithmetic means of multipliers for each group and category of commodities with positive government consumption expenditures; m^=m^*, sw=0 and sp=1
- 5 CONCLUDING REMARKS
- REFERENCES
- APPENDIX 1 DATA SOURCES AND CONSTRUCTION OF VARIABLES
- APPENDIX 2 THE MULTIPLIERS AS FUNCTIONS OF THE SAVINGS RATIOS
| Since 2022 | Since May 2022 | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 121 | 85 | 4 |
| Full Text Views | 0 | 0 | 0 |
| PDF Downloads | 0 | 0 | 0 |
Copyright © 2021
Copyright © 2021
Powered by PubFactory