A statistical analysis of the expenditures on research and development and the increase of Gross Domestic Product: an sensible way for easing the effects of greek economic crisis
Fragkos, Konstantinos C
Frangos, Christos C.
Proceedings Link http://icehm.org/upload/2682ED1116027.pdf
In this paper, we introduce the Global Competitiveness Index(GCI) which is based on the Gross Domestic Expenses for Research and Development and Innovation and we derive two Linear Statistical Models which show the positive influence of the GCI on the Gross Domestic Product(GDP). Hence, the reduction of GCI results on the reduction of the GDP. We construct,also a quadratic Regression model in the variables, showing that the reduction of GDP resulted in the increase of Income Inequality ,in the case of Greece during the economic crisis 2009-2016.
We, also, present facts which justify the opinion that the unemployment in Greece, today, is a by-product of austerity and the austerity is a product of the Memorandum of Understanding (MOU) between Greece and the European Union(EU), the European Central Bank(ECB) and the International Monetary Fund (IMF) . The MOU is , in turn, the result of the excessive debt, the tax evasion, the clientist State and the lack of competitiveness of the Greek Economy