In recent years, the rate of change of prices in the Greek economy does not seem to react proportionately to large reductions in wage costs cuts in the effort for fiscal consolidation and improving competitiveness. The disconnection between of price and wage developments makes harder the...

In recent years, the rate of change in prices for the Greek economy does not seem to react proportionally compared to the large reductions in wage cost implemented in the context of the effort for fiscal consolidation and improvement of competitiveness. The disconnection between prices and wage...

In the present paper author through an empirical analysis will point out that import penetration in Greek manufacturing during the period 1988-1999 depends on globalization and the share of labor cost in value added of production. A discussion is made. The sample covers all 'two-digit'...