Mapping the Socio-Economic Indicators of Greece from the Implementation of the Monetary Policy and the Tax Administration

The economic crisis that led to a decline in private consumption in the period 2009-2016 is the main factor that has accelerated developments in the country's business map, in the sense that in many cases of business development in Greece there are structural weaknesses revealed by the crisis. This confirms that the country's economic crisis cannot be an alibi for the many problems of the Greek economy.The impact of the economic crisis differs not only between countries where low- and middle-income countries are more affected by developed countries but also within countries. The dramatic decline in wages and pensions has led to a decline in the purchasing power of citizens. The debt crisis, the weakening of demand in the context of addressing the competitiveness of the Greek economy and the significant structural interventions in the labor market, affected supply and demand in the labor market and its participants.The purpose of this paper is to present the social and economic indicators of our country by implementing the policy of the memorandums and the Tax Administration. In particular, a mapping exercise is being undertaken in the period 2009-2016:• The number of starts, change of tax office and business holidays• The business map of our country• Unemployment rates as they have been in our country• The degree of contribution of austerity programs and memorandum policies to addressing unemployment.• The areas and categories of occupations where the highest unemployment rates have occurred.• The role of Tax Administration in addressing these problems

Capital allocation in the Greek regions

The present study analyses the location of new economic activities in the 51 Greek prefectures (NUTS III level) as the outcome of agglomeration economies and other factors that are acknowledged as determinants of new firm location. Cross-section data referring to the location choices of firms in manufacturing, commerce, services and tourism within 2005 are used. Results indicate that agglomeration effects largely determine a region’s attractiveness and appropriateness as an investment location. In addition, the effect of other factors such as demand, expected profit and cost conditions is identified as important. Interestingly, regional characteristics seem to affect in different ways the location of start-ups belonging to different industries

Capital allocation in the Greek regions

The present study analyzes the location of new economic activities in the 51 Greek prefectures (NUTS III level) as the outcome of agglomeration economies and other factors that are acknowledged as determinants of new firm location. Cross-section data referring to the location choices of firms in manufacturing, commerce, services and tourism within 2005 are used. Results indicate that agglomeration effects largely determine a region’s attractiveness and appropriateness as an investment location. In addition, the effect of other factors such as demand, expected profit and cost conditions is identified as important. Interestingly, regional characteristics seem to affect in different ways the location of start-ups belonging to different industries

Capital allocation in the Greek regions

The present study analyzes the location of new economic activities in the 51 Greek prefectures (NUTS III level) as the outcome of agglomeration economies and other factors that are acknowledged as determinants of new firm location. Cross-section data referring to the location choices of firms in manufacturing, commerce, services and tourism within 2005 are used. Results indicate that agglomeration effects largely determine a region’s attractiveness and appropriateness as an investment location. In addition, the effect of other factors such as demand, expected profit and cost conditions is identified as important. Interestingly, regional characteristics seem to affect in different ways the location of start-ups belonging to different industries

Matching experiential learning style with entrepreneurial opportunities: a framework.

In the present conceptual article, we draw upon the notions of entreprenteurial opportunity and learning style to discuss a research question, and the corresponding theoretical framework, for an online experiment. The research question concerns how individuals seize different types of opportunities (e.g., Ardichvili, Cardozo & Ray), while the proposed experiment concerns either Kirnerian or Schumpeterian entrepreneurs or enterprising teams. The present approach is focused on technology entrepreneurship, innovation and creativity. Implications concern nascent or corporate entrepreneurship

Measuring the hoteliers’ interactive engagement through social media

The hospitality businesses are increasingly using the interactive technologies to promote their services and to engage with online prospects. Therefore, this study explores the hospitality executives’ stance toward the acceptance and use of social media for marketing purposes. The methodology relied on valid and reliable measures, including; the Technology Acceptance Model’s ‘perceived usefulness’ and ‘ease of use’ of technology, as well as the Theory of Planned Behavior’s ‘social influences’ and ‘behavioral intention’. Moreover, it adapted other constructs that were previously used to measure ‘interactive engagement’ and ‘pace of technological innovation’. The research model investigated whether these constructs had a significant effect on the participants’ intention to use social media for interactive engagement. The results have supported the scales’ content validity and the structural equations modeling approach has reported a satisfactory fit for this study’s research model. The findings indicated that there were highly significant, direct and indirect effects from the exogenous variables, particularly from the perceived usefulness and social influences that were predicting the hospitality owner-managers’ behavioral intentions to use social media. The individuals’ utilitarian motives to use the social media were clearly evidenced as they perceived the usefulness of the social media. They also indicated that they were influenced by their colleagues or competitors. Notwithstanding, there were significant influences from the demographic variables, including age, gender and experiences that moderated these relationships. This research model has integrated previously tried and tested measures relating to the acceptance and use of technology. In sum, this study reported that the younger, female respondents were more likely to use the social media to engage with online prospects, when compared with their older counterparts. In conclusion, this contribution identifies its limitations and suggests possible research avenues to academia.University of Malta Research Fundpeer-reviewe

Intelligent Growth and Macroeconomic Performance of EU Member Countries in the Framework of Europe 2020

Europe 2020 is the new ten-year strategy of the European Union for smart, sustainable and inclusive growth. This work analyzes the role of smart growth within the Europe 2020 strategy. "Smart growth" means strengthening knowledge and innovation by improving the quality of education, enhancing research performance, promoting innovation and transferring knowledge across the EU.In this study we create a thematic smart growth index, which consists of individual indicators proposed by the European Commission and presents the ranking of EU member countries in this index. The composite indicator of Europe 2020 by Pasimeni (2011) is taken as the basis for the creation of the indicator.Then, with the help of regression models, the relationship between the index and some macroeconomic variables is examined to examine the impact of the variables on the performance of the E-28 countries and their overall competitiveness. The results show that macroeconomic indicators of public finances, such as the rate of change in GDP per capita, government debt and deficit levels, are not key success factors for smart growth

Is EU Fiscal Governance Effective? A Case Study for the Period 1999–2019

This paper examines the factors that influence the effectiveness of fiscal governance in the EU through a panel of 19 Eurozone countries for the period 1999–2019 using an OLS method. The results show the positive effects of economic growth, inflation and the change in the general government balance on the fiscal forecast error. Furthermore, the fiscal forecast error is negatively affected by the level of public debt and by elections. Fiscal transparency is integrated into the analysis through independent financial institutions, which positively influence the general government balance forecast error. Finally, Economic Adjustment Programs have a positive effect on the fiscal forecast error, thus improving the efficiency of fiscal governance. This paper suggests that independent budgetary institutions, such as fiscal councils, and the delegation of further responsibilities to them increase countries’ sustainability of public finances

Economic Integration between the European Union and the Transition Economies of Central European Initiative Countries

In this article we examine the main factors influencing trade and FDI flows between the transition countries of the Central European Initiative (CEI) and the EU member states. We distinguish three groups of CEI countries, according to the degree of trade and FDI integration with the EU: the 'fast mover' countries, the 'next tier' countries and the 'slow movers'. By estimating a number of trade and FDI equations we were able to locate the significance of alternative variables which affect the flows of trade between the CEI countries and the EU. According to our results, the low volume of trade and FDI between the 'next tier' and 'slow movers' of the CEI region, on one hand, and the EU, on the other, is a reflection of the fact that these particular countries have not yet achieved adequate institutional and economic reform while, at the same time, privatisation has not progressed as much.

Investment scenarios and regional factors in the solar energy sector

This paper examines the effects of regional factors related to macroeconomic, environmental and energy data in relation to regional investment attractiveness to the Greek solar energy sec-tor. Applying the Analytic Hierarchy Process method, the paper explores the significance of some criteria with reference to the regional investment attractiveness of solar energy enter-prises. The AHP method is applied to approach investments in the solar energy sector, by in-corporating regional factors in decision-making. Investment scenarios are created for the first time with the usage of multi-criteria methodology, and their scores are calculated based on regional factors Indeed, the results reveal that regions vary in terms of their investment attrac-tiveness in the solar energy sector; hence, decision-makers and business managers should take regional factors into account. This study aims to contribute to the renewable energy expansion, as it is key to a sustainable economy and global challenges. As the last COP21 in Paris will lead to an overwhelming expansion of renewable energy, decision-makers should take into account not only national but also regional parameters