The Greek economy in a Kaldorian developmental framework

Konstantinos Katrakilidis; Persefoni Tsaliki; Theodosios Tsiakis

doi:10.1556/aoecon.63.2013.1.4

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Acta Oeconomica

Volume/Issue:: Volume 63: Issue 1

The Greek economy in a Kaldorian developmental framework

Authors:

Konstantinos Katrakilidis

Konstantinos Katrakilidis Aristotle University of Thessaloniki Faculty of Law, Economics and Political Sciences, Department of Economic Sciences Thessaloniki GR 541 24 Greece

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Persefoni Tsaliki

Persefoni Tsaliki
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Theodosios Tsiakis

Theodosios Tsiakis
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Pages:: 61–75

Online Publication Date:: 02 Mar 2013

Publication Date:: 01 Mar 2013

Article Category:: Journal Article

DOI:: https://doi.org/10.1556/aoecon.63.2013.1.4

Keywords:: economic growth; Kaldor’s laws; Greek economy; ARDL; O40; O14; E12; C22

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This paper empirically explores the validity of the Kaldorian insights into economic growth and development. In doing so, we examine the three laws outlined in Kaldor’s analysis and test their relevance to the Greek economy for the period 1970–2006. We employ the ARDL method to analyse the long-run and short-run relationships among the variables. The empirical results confirm Kaldor’s proposition about the importance of the demand side of the economy and thus provide the necessary theoretical and empirical ground for innovative economic policies in these difficult times for Greece.

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Acta Oeconomica Periodical of the Hungarian Academy of Sciences

Print ISSN:: 0001-6373

Online ISSN:: 1588-2659

Associate Editors

Péter Benczúr, Joint Joint Research Center, European Commission
Dóra Benedek, International Monetary Fund
Balázs Égert, OECD
Dániel Prinz, World Bank
Rok Spruk, University of Ljubljana, School of Economics and Business, Slovenia

Editorial Board

Anders Åslund, Georgetown University and Advisory Council of CASE, USA
István Benczes, Corvinus University of Budapest, Hungary
Agnieszka Chłoń-Domińczak, SGH Warsaw School of Economics, Poland
Fabrizio Coricelli, University of Siena, Italy
László Csaba, Corvinus University of Budapest, Hungary and Central European University, Austria
Beáta Farkas, Faculty of Economics and Business Administration, University of Szeged, Hungary
Péter Halmai, Budapest University of Technology and Economics, and National University of Public Service, Hungary
Martin Kahanec, Central European University, Austria
Michael Landesmann, The Vienna Institute for International Economic Studies (WIIW), Austria
Péter Mihályi, Corvinus University of Budapest, Hungary
Debora Revoltella, European Investment Bank

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: judit.kalman@uni-corvinus.hu

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2023
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Rank by Impact Factor	Q3 (Economics)
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CiteScore	1.4
CiteScore rank	Q3 (Economics and Econometrics)
SNIP	0.385
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SJR index	0.218
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Acta Oeconomica
Language	English
Size	B5
Year of Foundation	1966
Volumes per Year	1
Issues per Year	4
Founder	Magyar Tudományos Akadémia
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ISSN	0001-6373 (Print)
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