Selected Issues Papers

Enhancing Judicial System Efficiency in Greece: Drivers and Economic Impact

By Katherine Dai, Mariusz Jarmuzek, Ritong Qu, Amira Rasekh

May 9, 2025

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Format: Chicago

Katherine Dai, Mariusz Jarmuzek, Ritong Qu, and Amira Rasekh. "Enhancing Judicial System Efficiency in Greece: Drivers and Economic Impact", Selected Issues Papers 2025, 057 (2025), accessed June 1, 2025, https://doi.org/10.5089/9798229011976.018

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Summary

Greece’s judicial system efficiency has been one of the lowest in the EU; affecting adversely the country’s economic performance. The massive increase in demand for judiciary services during the crisis period resulted from significant business and personal insolvencies; along with limited availability of alternative dispute resolutions and relatively low court fees. The response of judiciary services supply did not match the demand owing to inadequate deployment of human and financial resources and a low level of digitalization. Policy simulations suggest sizeable gains from judicial reforms for investment and productivity. Reducing the imbalances in the judicial system is important not only to address the legacy issues; but also to create conditions for higher growth going forward.

Subject: Commodity markets, Corporate insolvency, Distressed assets, Economic sectors, Financial crises, Financial markets, Financial sector policy and analysis, Production, Productivity, Services sector, Solvency, Total factor productivity

Keywords: Business dynamism, Commodity markets, Corporate insolvency, Courts, Distressed assets, Economic Growth, Efficiency in Greece, Firm entry rate, Global, Greece's judicial system efficiency, Judicial Perfomance, Judicial system reform, Judicial System Reforms, Judiciary services, Policy simulation, Productivity, Productivity dispersion, Reforms in product market regulation, Regulatory reform, Services sector, Solvency, Total factor productivity

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