Abstract
In Greece, certain studies have explored the macroeconomic impact of the CSF on the Greek economy. Capros and Karadeloglou (1989) measure the effects of the first CSF for Greece and find that the output increase is lower than the rest of the European countries, which implies that the existing disparities in growth patterns are exacerbated. Lolos and Zonzilos (1992) reach similar results. Lolos et al. (1995) use a general equilibrium model and establish that the first CSF could have raised GDP in Greece by 1.2 percent during its implementation. However, these studies concentrate on the demand effects. As a result, all positive effects are found to be temporary and cease with the end of the programme, ignoring the possibility that the investments undertaken by the CSF may accelerate growth itself.
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© 2001 Springer Science+Business Media New York
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Christodoulakis, N., Kalyvitis, S. (2001). A New Sectoral Econometric Model for Greece. In: Structural Funds: Growth, Employment and the Environment. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4347-3_3
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DOI: https://doi.org/10.1007/978-1-4615-4347-3_3
Publisher Name: Springer, Boston, MA
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