No. 122. SPATIAL AGGLOMERATION OF MANUFACTURING IN GREECE
K. Vogiatzoglou, T. Tsekeris. 2011.
The purpose of this paper is to provide an estimate of the medium term trend growth rate of GDP for the Greek economy, for the period 2011-2015. The analysis is based on the GDP identity, according to which, real GDP is decomposed into five components, that is labor productivity, hours worked per employee, employment rate, labor force participation rate and population. By using the filtering techniques of the HP and Kalman filter, the trend growth rate of GDP is estimated at -1.65%, as the sum of the trend growth rates of its individual components.