Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89812
Authors: 
Herrmann, Benedikt
Kritikos, Alexander S.
Year of Publication: 
2013
Series/Report no.: 
IZA Discussion Paper 7606
Abstract: 
Greece's currently planned institutional reforms will help to get the country going with limited economic growth. With an economy based primarily on tourism, trade, and agriculture, Greece lacks an established competitive industry and an innovation-friendly environment, resulting in a low export ratio given the small size of the country and its long-time EU-membership. Instead, Greece exports only its nation's talent, with low returns. To become prosperous, the country must better capitalize on its Eurozone membership and add innovative sectors to its economic structure. Given Greece's hidden assets, such as the attractiveness of the country, a small number of strong research centers and an impressive diaspora in research, finance and business, we envision a Greek Silicon Valley and propose a ten point policy plan to achieve that goal.
Subjects: 
Greece
growth strategy
regulatory environment
entrepreneurship
innovation
innovation systems
JEL: 
L2
L26
O3
O4
Document Type: 
Working Paper

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