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The Sraffian Multiplier and the Key-Commodities for the Greek Economy: Evidence from the Input-Output Tables for the Period 2000-2010
NIKOLAOS NTEMIROGLOU
The scope of this paper is to specify the ‘key-commodities’ for the Greek economy through the estimation of the ‘static’ Sraffian multiplier and the related employment multipliers for the years 2000, 2005 and 2010. Although a positive trend in the output multiplier was found over time, the employment multipliers declined. It was found that a management of effective demand shall target on the primary and service sector in short term, but in the long run structural changes and strengthening of inter-sectoral relations are necessary in the industry.
Volume :- No.10 (2016)
Issue No :- 1 (2016)
Pages :- 1-24