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Greece has an imperfect track-record of structural reform implementation. However, the poor growth outcome of the Greek … context, further structural reform efforts should be mainly targeted at supporting Greece’s speedy return to solid growth … should be made to improve Greece’s business environment and to liberalise product markets, in addition to shifting taxation …
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The paper provides probability estimates of the state of the GDP growth. A regime-switching model defines the probability of the Greek GDP being in boom or recession. Then probit models extract the predictive information of a set of explanatory (economic and financial) variables regarding the...
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