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The euro area periphery countries and the Baltic countries, which had large current account deficits in the run-up to the crisis, needed adjustment of relative prices to achieve both internal and external balances. Thus far, tangible progress has been made through lower wages and/or higher...
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Further to being the country's most important port, Piraeus has been a traditional centre attracting organisations related directly or indirectly with port or shipping activities. The geographical concentration of enterprises in the wider Piraeus area is attributed not just to port operations,...
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to investigate the potential causal relationship between industry-level competitiveness, profitability and R/D intensity …
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governments' deficits at risky levels, thereby avoiding unsustainable development of their external and/or public debt. Greece is … competitiveness surveys. A change in competitiveness policy is needed in order for the expectations of enhancing competitiveness to … Greece is attributed to ineffective public governance, high taxation, inadequate infrastructure (in some sectors), and …
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respectively. (ii) No EU effect on exports. These experienced a negative structural shift in the 1990s. (iii) Competitiveness … losses, more pronounced in the 1990s, especially in sectors where Greece holds a comparative advantage (i.e. trade surplus …
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