TY  - RPRT
        AU  - Herrmann, Benedikt
AU  - Kritikos, Alexander S.
        TI  - Growing out of the Crisis: Hidden Assets to Greece's Transition to an Innovation Economy
        PY  - 2013/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7606
        UR  - https://www.iza.org/index.php/publications/dp7606
        AB  - Greece's currently planned institutional reforms will help to get the country going with limited economic growth. With an economy based primarily on tourism, trade, and agriculture, Greece lacks an established competitive industry and an innovation-friendly environment, resulting in a low export ratio given the small size of the country and its long-time EU-membership. Instead, Greece exports only its nation's talent, with low returns. To become prosperous, the country must better capitalize on its Eurozone membership and add innovative sectors to its economic structure. Given Greece's hidden assets, such as the attractiveness of the country, a small number of strong research centers and an impressive diaspora in research, finance and business, we envision a Greek "Silicon Valley" and propose a ten point policy plan to achieve that goal.
        KW  - Greece
KW  - growth strategy
KW  - regulatory environment
KW  - entrepreneurship
KW  - innovation
KW  - innovation systems
        ER  -