This paper investigates Greece’s involvement in GVCs using the decomposition suggested by Wang et al. (2013, 2018) and applied to the World Input-Output Database (WIOD). In general, we find that domestic value added is high in service sectors and much lower in manufacturing, in line with the...

This paper explores differences in performance between firms that export and those that do not. With only a few exceptions, exporters have characteristics which suggest “better” performance than non-exporters, controlling for observed and unobserved heterogeneity. This paper aims to provide...

This paper explores differences in performance between firms that export and those that do not. With only a few exceptions, exporters have characteristics which suggest “better” performance than non-exporters, controlling for observed and unobserved heterogeneity. This paper aims to provide...

We provide a comprehensive review of the literature on the economic impact of pandemics and identify the transmission channels at play. The primary channel comes from the supply side, as pandemics reduce both the quantity and the quality of labour. They can also lead to a destruc-tion of...

Conditionality is at the very heart of IMF lending and has been the subject of intense debates ever since the Fund’s inception. Its success is of crucial importance not only for countries’ chances of achieving the goals of IMF lending programmes, but also for the credibility of the Fund as a...