Munich Personal RePEc Archive

Kaldorian Approach to Greek Economic Growth

Drakopoulos, Stavros and Theodossiou, Ioannis (1991): Kaldorian Approach to Greek Economic Growth. Published in: Applied Economics , Vol. 23, No. 10 (1991): pp. 1683-1689.

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Abstract

In the last 30 years, Greece has experienced a rapid rate of economic growth which has transformed the economy and enabled it to become a member of the EEC. Specifically, Greece transformed itself from an agricultural economy with virtually no industrial base to an economy with a significant industrial sector and consequently a relatively high income per capita. One can explain this on the lines of a Kaldorian framework. In this paper we provide an outline of Kaldor's growth model and test its relevance to the economic experience of Greece during the 1967-1988 period. The empirical results suggest that the model can adequately explain the developments in the economy to a considerable degree

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