The transition process that started in the Balkans some twenty years ago, and the European association process to which it has been inexorably connected, has led to a radical transformation of the Balkan economic space across local, regional, national and trans-national levels. Amongst the other...

Despite significant progress in its path towards Europeanisation over the last two decades, Greece’s reform record remains highly problematic. Persistent reform failures and a continuum of half-way reforms have characterised much of the country’s recent history. In this paper we depart form...

The advent of transition in the former communist countries set in motion significant changes not only in the countries concerned but also in the economic and geo-political environment of Greece. Together with many positive developments, some new challenges also emerged, as the country was...

In some sense there is a very simple answer to the title question: Southeast Europe is heading towards the EU, though a period of weak regional cooperation, asymmetric relations with the EU and a slow and discontinuous accession process. The speed and discontinuity of this process, together with...

In most of the European transition economies regional policy is a relatively new phenomenon, given the absence of a coherent framework for such policy during the Communist era. In Southeast Europe in particular, regional policy was slow to develop also in the transition period. This was in many...

The remarkable rise in unemployment in Greece has in a way overshadowed the substantial differentiation, across regions, in terms of regional unemployment and labour market adjustment. This paper examines the geography of these dynamics using probit regressions of unemployment risk and...

Studies on the productivity spillovers of FDI have concentrated on the national-sectoral level. As a result, little is known about the impact of FDI on absolute and relative regional economic performance. In this paper we examine this issue by relying on a unique dataset of over 20,000 Greek...

We utilise a large database on public investment at the prefecture (NUTS-3) level in Greece for the period 1976-2008 to examine the spatial and functional allocation of public investment in the country. We investigate the extent to which expenditures in different types of public investment are...

The study explores the growth of the Athens Stock Exchange through new listings and IPOs over the period 1880-1940. We examine institutional changes in exchange governance and listing requirements. On a theme that has not been addressed before, we find that simple listings were far more numerous...

The present paper studies the evolution of the Greek public debt ratio under different assumptions regarding the size and the degree of persistence of fiscal multiplies, the implementation profile of the applied fiscal adjustment and the response of financial markets to fiscal consolidation. The...