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Product Market Reforms in Greece: Unblocking Investments and Exports

Author

Listed:
  • Kaspar Richter
  • Gabriele Giudice
  • Angelo Cozzi

Abstract

While Greece’s poor record on investment and exports predates the crisis, the deep economic recession has made addressing long-standing weaknesses a priority. This paper takes a closer look at selected structural reforms that are critical for bolstering investments and exports in Greece. We investigate the areas of licensing, competition, professions, land use, and trade facilitation. In all areas significant progress has been made since 2010. However, many reforms are only partially implemented and with delays. Based on the challenges at, and progress since, the outset of the crisis, we chart the way forward in each of the five areas, discussing what needs to be done to improve the patchy reform record, thus unblocking investment and exports for Greece.

Suggested Citation

  • Kaspar Richter & Gabriele Giudice & Angelo Cozzi, 2015. "Product Market Reforms in Greece: Unblocking Investments and Exports," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 84(3), pages 107-127.
    • Handle: RePEc:diw:diwvjh:84-3-7
    DOI: 10.3790/vjh.84.3.107
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    More about this item

    Keywords

    Barriers to competition; business licensing; Greece; land use; structural reforms; trade facilitation;
    All these keywords.

    JEL classification:

    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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