全球智库信息集成服务系统(G2TT): DP8996 An Explanation of the Greek Crisis:"The Insiders

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP8996
	DP8996 An Explanation of the Greek Crisis:"The Insiders - Outsiders Society"
	Tryphon Kollintzas; Vanghelis Vassilatos; Dimitris Papageorgiou
发表日期	2012-05-27
出版年	2012
语种	英语
摘要	In this paper we present stylized facts of the Greek economy that characterize the causes and the consequences of its ongoing crisis. Then, we offer an explanation that can account for those causes and consequences. This explanation is based on the view of Greek society as consisting of two groups with conflicting goals:'insiders' and 'outsiders'. Insiders are enjoying rightful and unrighteous benefits and the system is protecting them from their own potentially unlawful behavior, competition and meritocracy. Outsiders are the rest of society. The economic consequence of the 'insiders - outsiders society' is the accumulation of public and foreign debts as well as relatively low overall growth - features that characterize the Greek economy, for some time. Finally, following the insiders- outsiders explanation, we offer policy recommendations for an exit from the crisis and the resumption of growth.
主题	International Macroeconomics
关键词	Greek crisis Insiders-outsiders Twin deficits Total factor productivity Growth Competitiveness
URL	https://cepr.org/publications/dp8996
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/537834
推荐引用方式 GB/T 7714	Tryphon Kollintzas,Vanghelis Vassilatos,Dimitris Papageorgiou. DP8996 An Explanation of the Greek Crisis:"The Insiders - Outsiders Society". 2012.