Restarting Greece: Secular Stagnation of Total Factor Productivity Growth and the Greek Innovation System

In 2008, the crash of the housing market bubble lead not only to the collapse of the U.S financial system, but also to a Global Financial Crisis. The Eurozone was hurt, and the impact was not uniform. The “sick periphery”, and in particular Greece, still suffer from the consequences of this crisis. After three adjustment programmes and €293...