The paper investigates the possibility of overeducation and the role of the three levels of education of both sexes to the economic growth of Greece in the 1961-91 period. The main findings indicate lack of overeducation, intertemporal increase of the relative contribution of secondary and...

Our aim in this paper is to test the robustness of the relation between total factor productivity growth and inflation to the specifications of the model adopted for its identification. In doing so we estimate a generalized Box-Box cost function using data from the two-digit Standard Industrial...

This paper examines the recent developments in the Greek system of urban centres, in order to assess the validity of the view that trends of deconcentration have been in operation during the last decade. The estimation of the rank-size distribution function for all the post-war census years show...

This paper reviews recent theories that address cooperation and coordination issues in the conduct of fiscal policy in an economic union. This is done by discussing these issues in a complete, logically consistent framework that connects the various problems concerning fiscal policy in an...

Recent years have witnessed a growth of interest in experimental economics. Indeed, it has become a rather influential project. Somewhat surprisingly, although it is a project unqeustionably concerned with method, it appears to have generated very little sustained methodological discussion....

The analysis given here presents the lagal framwork for competition policy in Greece. Over the last twenty years various competition policy previsions have appeared. Greece, however, has yet to achieve an effective competition policy.

The aim of this paper is to identify the factors that determine the survival of new firms in Greek manufacturing in the 1982-1992 period.

In this paper we look at the behavior of physical depreciation over the business cycle. We do so within the context of a real business cycle model where the decisions of firms about physical capital utilization, maintenance, improvement and scrapping are endogenous. The model encompasses the...

This paper investigates whether compliance with sectoral wages, or "underground" wages (i.e. equilibrium wages lower than the, officially minimum, sectoral ones), may emerge endogenously in industries with market power. Wage bargaining is centralized and it is conducted by large-scale efficient...

The unemployment rate in Greece rose from a mere 2.2% in the 1970s to 6.4% in the 1980s and 10% approximately in the mid-1990s. Currently, it gravitates around that level. In this paper we present the stylized facts of unemployment in Greece and examine the causes of its abrupt increse in the...