Interconnections in the Greek Economy

“This book is an excellent addition to the literature in this field of economic interconnections and networks as it provides a framework for understanding and explaining economic, institutional, national, and social interactions and relationships. Moreover, the book offers policy implications on how to mitigate vulnerabilities resulted by incoherent interconnections, focusing on the Greek economy, which is service-oriented and characterized by low dynamism. Overall, it will be of great value to researchers, students, and practitioners alike.”— Dimitrios Kenourgios, Professor of Department of Economics, National and Kapodistrian University of Athens “This book provides a rich and innovative portrayal of the Greek economy and its challenges. By focusing on sectoral interconnections, relations among industries and corporate networks it links macroeconomic evaluation with microeconomic detail necessary for more refined industrial policy design. The varied and transdisciplinary approaches of the contributing authors illuminate both our understanding of the Greek government debt crisis and the ways to achieve sustainable development. Students, researchers, and policymakers will have much to gain from reading this book.”— Andreas Papandreou, Professor of Department of Economics, National and Kapodistrian University of Athens This book examines the interconnections of the Greek economy at a macro and micro level, allowing it to explore both the economic relations between the various sectors and the interconnections of various companies and overlaps in management boards. Two approaches are used to quantify interdisciplinary and cross-sectoral interfaces: the traditional input-output analysis approach and the “influence and information flow” approach through network analysis. The book presents the current conditions and the economic interconnections within the Greek economy. During the analysis of microeconomic interconnections, a much more thorough presentation of the economic interconnections of Greek companies is established. Finally, how the Greek economy must transform its production prototype under structural constraints and opportunities for economic diversification and inclusive growth and under the pressure of economic shocks and uncertainty is presented. Panagiotis E. Petrakis is an Emeritus Professor (Department of Economics, NKUA, Greece), and Scientific Coordinator of Distance Education Training Programs.