Greece's Investment Gap

Greece's Investment Gap
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Volume/Issue: Volume 2022 Issue 013
Publication date: January 2022
ISBN: 9798400201257
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Investments and Securities-General , Economics- Macroeconomics , Public Finance , Economics / General , Investment gap , capital stock , structural reforms , investment gap , estimating benchmark investment , household investment , investment rate , investment dynamics , Private investment , Stocks , Public investment spending , Income , Europe , Global

Also of interest
August 2009 Working Papers
April 2010
March 2010
January 2010
Summary

Greece’s investment rate plunged following the Sovereign Debt Crisis (SDC) and remained one of the lowest in the world in 2019. This paper explores recent investment dynamics and compares them against estimated benchmarks. Our results suggest that Greece has been under-investing since the SDC, with private investment notably lagging behind. The estimated investment gap ranges from 1.6–8 percent of GDP in 2019. Structural impediments have constrained corporate investment, while business cycle and balance sheet developments have held back household investment. Structural reforms are recommended to remove bottlenecks to corporate investment, improve efficiency of public investment, and boost household investment.

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