Selected Issues Papers

Improve Resource Allocation to Boost Growth in Greece

By Ritong Qu

May 9, 2025

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Format: Chicago

Ritong Qu. "Improve Resource Allocation to Boost Growth in Greece", Selected Issues Papers 2025, 058 (2025), accessed May 11, 2025, https://doi.org/10.5089/9798229012096.018

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Summary

The productivity growth of the Greek economy has stagnated since the 2010 European Debt Crisis. Despite reforms in product market regulations; their impact on productivity has been mixed. Firm-level data shows that resource misallocation worsened from 2009 to 2020; especially in non-tradable services and smaller firms. Although many firms have become more productive and new high-potential firms have emerged; their growth hasn't been sufficient to boost overall productivity. Accelerating regulatory reforms could enhance competition and improve business dynamism.

Subject: Bank credit, Corporate insolvency, Credit, Digitalization, Distressed assets, Financial crises, Financial sector policy and analysis, Human capital, Labor, Labor productivity, Money, Production, Productivity, Solvency, Technology

Keywords: Bank credit, Business cycles, Corporate insolvency, Credit, Digitalization, Distressed assets, Firm size, Human capital, Labor productivity, Private investment, Productivity, Productivity, Resource allocation, Solvency

Publication Details

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