The Vicious Circles of Recession and Development Prospects

Kotios, Aggelos; Galanos, George; Plymakis, Sifis; Roukanas, Spyros

doi:10.1016/s2212-5671(15)00008-8

Cited by 5 publications

(2 citation statements)

References 2 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This combination put Greek economy into a recessional vicious circle were cuts of public spending dominated, raises of direct and indirect taxation were noted, and wages and pension cuts caused immerse demand shrinkage, driving a near collapse of GDP. This in turn led to worsening of fiscal situation, forcing the government to take more austerity measures and so on [29]. The collapse of domestic demand, due to lower wages and pensions severely decreased the disposable incomes, which combined with the political and economic uncertainty, led to extreme increase of unemployment rate ( Figure 3).…”

Section: The Results Of the Adjustment Policy In Greecementioning

confidence: 99%

Assessment of the Effectiveness of Adjustment Programs at the Core of the Greek Economy

Kotios¹,

Galanos²,

Poufinas³

2018

Self Cite

View full text Add to dashboard Cite

Despite the seven-year implementation of three adjustment programs to address the sovereign debt crisis, the Greek economy is still in a prolonged recession and faces problems of competitiveness, political stability and social cohesion. At the same time, the fiscal adjustment policy did not solve the original problem of public debt. On the contrary, as recent evidence shows, the country's ability to service its debt has deteriorated. The causes of the crisis and the failure of the selected economic stabilization policies are a multidimensional and interrelated complex. The Greek economy has supported its growth in recent decades mainly in domestic consumption, with little presence in areas with high added value and extrovert features, focusing mainly on traditional business sectors with limited innovation characteristics. Ιn this study we will try on reasonable arguments but also with a series of statistical

show abstract

Section: The Results Of the Adjustment Policy In Greecementioning

confidence: 99%

Assessment of the Effectiveness of Adjustment Programs at the Core of the Greek Economy

Kotios¹,

Galanos²,

Poufinas³

2018

Self Cite

View full text Add to dashboard Cite

show abstract

“…The Vicious Cycle of Poverty Theory is crucial to understanding the causes of poverty. This theory highlights the constraints for developing countries in creating stable growth circumstances (Kotios et al, 2015). The poverty has no beginning or finish, and all factors causing it are interconnected.…”

Section: The Vicious Cycle Of Poverty Theorymentioning

confidence: 99%

Analyzing determinants of poverty in Central Java with Generalized Method of Moments

Yesi,

Huruta,

Basukianto

2023

Industrija

View full text Add to dashboard Cite

The purpose of this study is to examine determinants of poverty in regencies/cities in Central Java. This study examined poverty, investment, savings, and infrastructure as the research variables by focusing on the vicious cycle of poverty. The data was obtained from the Central Bureau of Statistics in Central Java. The data was analyzed using the System-Generalized Method of Moments (SYS-GMM) model using a dynamic panel data model. The results show that both investment and infrastructure negatively and significantly impact poverty. However, saving has a positive and low significant impact on poverty. It was interesting to note that the disparity in savings ownership contributes to the high poverty level. These findings contribute to the government's efforts to alleviate poverty in the regencies/cities in Central Java. Our findings also provide valuable insights into poverty dynamics in Indonesia.

show abstract

The Economic Effects of the Implementation of the Greek Adjustment Plan in the Great Recession

Monteagudo¹,

Córcoles²,

McCombie

2016

Studies in Political Economy

View full text Add to dashboard Cite

The Vicious Circles of Recession and Development Prospects

Cited by 5 publications

References 2 publications

Assessment of the Effectiveness of Adjustment Programs at the Core of the Greek Economy

Assessment of the Effectiveness of Adjustment Programs at the Core of the Greek Economy

Analyzing determinants of poverty in Central Java with Generalized Method of Moments

The Economic Effects of the Implementation of the Greek Adjustment Plan in the Great Recession

Contact Info

Product

Resources

About