The grand tour: Keynes and Goodwin go to Greece

Artikel

The impact of the crisis in the Greek economy was not uniform among the regions, threatening socioeconomic cohesion. In this paper, we explore the concept of the income multiplier in a multi-regional input-output setting, in the context of the Greek recession, showing empirical evidence for the increasing magnitude of the multiplier during the recession period. The main results reveal a complex system of interregional relations on some of whose structural characteristics the cyclical reaction paths of the regions depends. In this case, the use of fiscal instruments to stimulate local activity in the regions may bring about important implications for regional inequality in Greece.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Journal of Economic Structures ; ISSN: 2193-2409 ; Volume: 9 ; Year: 2020 ; Issue: 31 ; Pages: 1-21 ; Heidelberg: Springer

Classification and Topics

• Classification: Wirtschaft ; General Aggregative Models: Keynes; Keynesian; Post-Keynesian ; Fiscal Policy ; Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
• Subject: Interregional input-output analysis ; Keynesian multiplier ; Recessions ; Greece ; Austerity policy ; Countercyclical regional policy

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Haddad, Eduardo Amaral ; Cotarelli, Natalia ; Simonato, Thiago Cavalcante ; Vale, Vinicius de Almeida ; Visentin, Jaqueline Coelho
• Event: Veröffentlichung
• (who): Springer
• (where): Heidelberg
• (when): 2020

Further information

• DOI: doi:10.1186/s40008-020-00205-5
• Handle: http://hdl.handle.net/10419/261578
• Last update: 10.03.2025, 11:42 AM CET