In this seminar Professor Yannis Katsoulakos examined the competitiveness of product markets in Greece.
One of the main determinants of competitiveness is the quality of the set of rules and regulations that govern the operation of markets. These should promote competition, investment and entrepreneurship. Heavy and low quality regulation is generally associated with greater inefficiency and poor economic outcomes. We provided a summary of the Greek economy competitiveness and of its evolution over time through the lenses of various internationally comparable indicators that cover a wide spectrum of aspects that affect or contribute to the measurement of a country’s competitiveness. We demonstrated that product markets in Greece are among the most heavily and mis-regulated markets of advanced countries, though the reforms of the last years seem to be having a positive impact. We then investigated in greater depth the mis-regulation of product markets, identifying a number of responsible factors and discussing a number of case studies. We made the case for a National Competition and Competitiveness Policy plan to improve the regulatory institutions and reduce regulatory burden. Finally, we looked at the successes and failures of regulatory reform history in two very important markets: energy and telecommunications.
Yannis Katsoulakos is Professor at the Athens University of Economics and Business, Dept. of Economic Science (1994 - ). He was the Chairman of the Department (2011 – 2015), University Vice-rector (2007 – 2011) and Post-graduate Studies Director in Applied Economics and Finance (2000 - ). He holds a PhD and an MSc in Economics from the London School of Economics. He was a Research Fellow of the prestigious London Centre of Economic Policy Research (CEPR, 1992 – 2001) and has published over 100 articles (over 35 in international, including leading, refereed scientific journals) and 10 books in Industrial Organisation, Competition Policy, the Economics of Technical Change and the New Economy. He served as Commissioner of the Hellenic Competition Commission (1995 – 2005) and as a Member of the Greek National Committee of Economic Advisors (2002 - 2004). He has been principal researcher or consultant for the CEU, the World Bank and EBRD in over 40 projects dealing with various aspects of micro-economic (competition, technology or environmental) policy since 1991. He has extensive experience of over 15 years in Executive Training, teaching Competition Economics, Microeconomics for Managers and Industrial Organization.
Dr Vassilis Monastiriotis is an economist and economic geographer by training. He holds a PhD in Economic Geography (2002, London School of Economics, UK) an MSc in Economics (1996, University of Macedonia, Thessaloniki, Greece) and a BSc in Economics (1994, Aristotle University, Thessaloniki, Greece). Before joining the European Institute in 2004 he was Lecturer in the Department of Economics at Royal Holloway, University of London. He has previously worked as Research Fellow at the London School of Economics and the University of Reading and as a Course Lecturer in the Department of Geography at LSE. He has published in a variety of academic journals, such as the Oxford Economic Papers, Empirical Economics, Review of Development Economics, British Journal of Industrial Relations, Economic and Industrial Democracy, Journal of Regional Science, Regional Studies, Urban Studies, and others; while he has co-authored a number of policy documents including for the European Commission and the Corporation of London. In 2008 he received the Moss Madden Memorial Medal for his paper on Union Retreat and Regional Economic Performance (published in Regional Studies).
View the slides here.
Listen to the podcast here.
View some photos here.
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The Hellenic Observatory (@HO_LSE) is internationally recognised as one of the premier research centres on contemporary Greece and Cyprus. It engages in a range of activities, including developing and supporting academic and policy-related research; organisation of conferences, seminars and workshops; academic exchange through visiting fellowships and internships; as well as teaching at the graduate level through LSE's European Institute.
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