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008			230919b |||||||| |||| 00| 0 eng d
040			_aMSU _cMSU _erda
100			_aEFTHIMIADIS, T
245			_aEconomic growth in Greece _bthe cost of a failed adjustment programme
264			_aNew York _bTaylor & Francis _c2013
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aApplied Economics Letters _vVolume , number ,
520			_aThis article aims to assess the cost of failure of Greece's ‘First Economic Adjustment Programme’, in terms of potential Gross Domestic Product (GDP) growth. In particular, real GDP trends are estimated through filtering techniques and compared with those had the first programme been successful. The trend growth rate of GDP is estimated at −3.84% (2012Q2), against −2.21% if the targets and forecasts of the first adjustment programme had been realized. The results indicate that the failure of the first programme has had a signifying adverse effect on the country's future growth prospects as current GDP dynamics are far worse than those forecasted in the first programme.
650			_aeconomic growth
650			_aGreek economy
650			_afiltering techniques
700			_aPAPAIOANNOU, S
700			_aTSINTZOS, P
856			_uhttps://doi.org/10.1080/13504851.2013.783679
942			_2lcc _cJA
999			_c163304 _d163304