Greece : 1996-1997 / Organisation for Economic Co-operation and Development.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development Staff, Corporate Author.

Contributor:

Organisation for Economic Co-operation and Development, contributor.

Series:

OECD Economic surveys (Series)

OECD Economic Surveys

Language:

English

Subjects (All):

Economic history.

Greece--Economic conditions.

Greece.

Greece--Economic policy.

Physical Description:

1 online resource (157 pages).

Edition:

1st ed.

Place of Publication:

Paris : OECD Publishing, [1997]

Language Note:

English

Summary:

Assessment and recommendations I. Recent trends and short-term prospects -The strengthening of domestic demand was broadly based -Industrial production was weak -Employment creation was strong -Disinflation continues despite labour cost pressures -The current account deficit widened -Prospects for 1997-98 II. Macroeconomic and structural policies -Fiscal policy -Monetary policy -Structural policies III. Social security: pensions and health care -The pension system -The public health care system Glossary of acronyms Annexes -I. Pension projections: a description of the model -II. Calendar of main economic events Statistical annex and structural indicators.

Contents:

Intro

Table of contents

Assessment and recommendations

I. Recent trends and short-term prospects

Figure 1. CONTRIBUTIONS TO REAL GDP GROWTH

The strengthening of domestic demand was broadly based

Table 1. Public investment: key features

Industrial production was weak

Employment creation was strong

Table 2. Labour market: recent developments

Disinflation continues despite labour cost pressures

Table 3. Prices and wages

Figure 2. PRICES AND WAGES

The current account deficit widened

Table 4. Balance of payments

Figure 3. COMPETITIVENESS AND EXPORT PERFORMANCE

Figure 4. TOURISM

Table 5. External debt and debt service

Prospects for 1997-98

Figure 5. LEADING INDICATORS

Table 6. The short-term outlook

II. Macroeconomic and structural policies

Figure 6. MONETARY CONDITIONS

Fiscal policy

Implementation of the 1996 Budget

Figure 7. MAIN COMPONENTS OF THE GENERAL GOVERNMENT BUDGET

Table 7. General government accounts

Table 8. Budget plans and outcomes

Table 9. Public sector debt

1997 fiscal policy

Medium-term fiscal adjustment

Monetary policy

1996 outturn

Figure 8. NOMINAL ANCHORS

Figure 9. MONEY AND CREDIT

Figure 10. INTEREST RATES

Monetary policy and developments in 1997

Structural policies

Box 1. Main elements of the government's 1997 structural policies

Table !0. Implementing the OECD Jobs Strategy - an overwiew

III. Social security: pensions and health care

Figure 11. THE DISTRIBUTION OF SOCIAL EXPENDITURE IN 1993

The pension system

The structure of the pension system

Box 2. The main pension funds

Table 11. The structure of pension funds

Problems of accountability and inequity arise from excessive segmentation

Microeconomic incentives: high pensions relative to contributions.

Table 12. Main characteristics of different categories of pension funds (1994)

Figure 12. MINIMUM PRIMARY PENSION FOR IKA AND LENGTH OF CONTRIBUTION PERIOD

Figure 13. INTERACTION OF REPLACEMENT RATES AND THE MINIMUM PRIMARY PENSION FOR IKA IN 1995

Figure 14. AGE DISTRIBUTION OF IKA PENSIONERS

Table 13. Contribution and replacement rates in 1995

Figure 15. CUMULATIVE DISTRIBUTION OF PRIMARY PENSION LEVELS FOR MAJOR EMPLOYMENT CATEGORIES, 1995

The unsustainability of the pension system

Expenditure: a large increase in pensions and pensioners

Figure 16. EXPENDITURE ON PENSIONS

Box 3. Policies that raised pension expenditure during 1978-82

Figure 17. NEW IKA PENSIONERS BELOW AGE 60

Revenues: rising salaries and contribution rates

Figure 18. CONTRIBUTIONS FOR PENSIONS

The 1990-92 reforms: a stop gap measure

Figure 19. PENSION EXPENDITURE AND RECEIPTS

Box 4. The 1990-92 reforms

The future of the pension system

Figure 20. ELDERLY DEPENDENCY RATIOS

Figure 21. PENSION PAYMENTS AND CONTRIBUTIONS SIMULATION

Table 14. Implicit gross liabilities of the public pension system

The public health care system

Introduction

Table 15. Characteristics of the health care system

Table 16. Quality of health indicators

Box 5. The Greek health care system and reforms in historical perspective

Financing health expenditure

Table 17. Public health expenditure and its financing: key components

Figure 22. HEALTH EXPENDITURE AND GDP PER CAPITA

Table 18. Contribution rates for health and maternity benefits in the European Union

Primary and ambulatory care

Public hospitals

Pharmaceuticals

Figure 23. PHARMACEUTICAL PRICES AND PRODUCTION

Table 19. Mark-up on drugs

The 1997 reform bill

Conclusions

Notes

Glossary of acronyms.

Annex I - Pension projections: a description of the model

Coverage

Assumptions

The model

Annex II - Calendar of main economic events

STATISTICAL ANNEX AND STRUCTURAL INDICATORS

Table A. National product and expenditure

Table B. Gross fixed capital formation

Table C. Income and expenditure of private sector

Table D. Government revenue and expenditure

Table E. Industrial production

Table F. Prices and wages

Table G. Foreign trade by commodity group

Table H. Balances of payments

Table I. Money and banking

Table J. Public sector

BASIC STATISTICS: INTERNATIONAL COMPARAISONS

BASIC STATISTICS: INTERNATIONAL COMPARAISONS (cont'd)

MAIN SALES OUTLETS OF OECD PUBLICATIONS / PRINCIPAUX POINTS DE VENTE DES PUBLICATIONS DE L'OCDE

TABLES

Table 12. Main characteristics of different categories of pension funds (1994)

FIGURES.

Figure 1. CONTRIBUTIONS TO REAL GDP GROWTH

BOXES

Box 5. The Greek health care system and reforms in historical perspective.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-14982-1

OCLC:

1226581557