The missing links: mismatch, mismanagement and technological backwardness in Greek industry

In this research seminar, the speaker will present the findings of the research project An Intelligent Industrial Policy for Sustainable Growth, funded by the Hellenic Observatory Research Calls Programme.

The research team documents and analyses key deficiencies of the Greek economy, with the view to providing new insights and articulate policy proposals. They consider issues which are the purview of both horizontal policies, raising productivity across sectors, and vertical policies, which allow for realignment of activity. With respect to the first dimension, they focus on two specific problem-areas of Greek industry, with high importance: skills and management practices. They also use information from a novel survey on entrepreneurship, technological developments, and regulatory change and examine structural characteristics of innovation and technology adoption of Greek firms, with a focus on the role of size, ownership structure, and global value chain participation. With respect to the second dimension, they provide an overview of Greece’s export performance and analyse its sectoral comparative advantage. In an empirical study they also focus on the determinants of export sophistication. Overall, the collection of their empirical findings provides ample fodder for concrete policy proposals to increase productivity in Greek manufacturing.

Meet our speaker and chair

Filippos Petroulakis is a Research Economist at the Economic Analysis and Research Department of the Bank of Greece. Previously, he was an Economist at the DG Economics at the European Central Bank. Prior to joining the ECB, he also worked at the IMF and Nomura. His policy experience and research interests span a range of issues, on productivity, labour markets, monetary policy, and international economics. He holds a Ph.D. in Economics from the University of Maryland and an M.Sc. in Economics from the London School of Economics.

Vassilis Monastiriotis is the Hellenic Observatory Centre Director; Professor of Political Economy & Eleftherios Venizelos Chair in Contemporary Greek Studies

The twitter Hashtag for this event is: #LSEGreece

Podcast

You can listen to the podcast here.
*The views expressed here are of the authors’ alone and may not necessarily represent the views of the Bank of Greece, the European Central Bank, or the European System of Central Banks.

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.