Human Capital and Production Structure in the Greek Economy: Knowledge, Abilities, Skills (The Political Economy of Greek Growth up to 2030)

The role of human capital has diversified considerably in the last 100 years. Today, the prevailing perception seeks a sustainable, integrated development which is based on the triptych of environment, economy, and society. In this mode of development, human capital has a positive effect on the economy, on social cohesion and optimal governance, as well as on the ecological footprint. This book studies the critical role of human capital in the Greek economy and its production structure. In doing so, this book analyzes the Greek labor market, employment, and structural changes, among other facets of this vibrant economy. Preface Praise for Human Capital and Production Structure in the Greek Economy Contents List of Contributors Abbreviations List of Figures List of Tables 1 Introduction References Part I Human Capital and Structural Change 2 The Role of Human Capital in Economic Development in the Twenty-First Century 2.1 Introduction 2.2 Human Capital and Economic Development: Theoretical Approaches 2.3 Human Capital and Sustainable Development, Sustainable Governance, Inclusive Development and Development-Friendly Human Behaviors 2.4 Human Capital, Knowledge, Intangible Capital and Productivity References 3 Human Capital and Structural Economic Transformation 3.1 Introduction 3.2 Human Capital Matters 3.3 Conceptualizations of Human Capital Based on Its Field of Application 3.4 From Human Capital to Occupational Characteristics 3.5 Structural Change, Development and Human Capital References 4 Occupational Characteristics Analysis 4.1 Introduction 4.2 Labor and Occupations 4.3 Ο*NET 4.3.1 Some Basic Facts About O*NET 4.4 A Targeted Description of the Contents of Ο*ΝET12 Annex 43-6014.00—Secretaries and Administrative Assistants, Except Legal, Medical, and Executive19 Tasks: (8/32, 32 Important, 20 Core) Technology Skills: (4/45) Tools Used: (4/14) Knowledge: (8/33, 5 Important) Skills: (8/35, 11 Important) Abilities: (4/52, 13 Important) Work Activities: (5/41, 17 Important) Detailed Work Activities: (5/35) Work Context: (4/57) Job Zone Education Interests: (3/6, 2 Important) Work Styles: (3/16, 16 Important) Work Values: (2/6, 2 Important) Related Occupations: (All 9) Notes References 5 Productive Structure, Technological Change and Requirements in Human Capital 5.1 Introduction 5.2 Analyzing the Dynamics of Occupations and Human Capital Needs 5.3 From Technological Change to Occupational Characteristics 5.4 Productive Structure and Occupational Characteristics 5.4.1 Labor Structure and the External Change of Occupational Characteristics 5.4.2 Technological Development and Internal Change of Occupational Characteristics 5.4.3 The Organizational Framework of Occupations 5.5 Discussion to the Previous Analysis References Part II Structural Relations and Structural Changes in the Greek Economy 6 Sectoral Analysis of the Economic Activity of the Greek Economy, Input–Output Analysis 6.1 Introduction 6.2 Macroeconomic Environment—Greece at a Crossroads of Significant Changes 6.3 Categories of Occupations and Economic Activities (Sectors) 6.4 Methodological Approaches for Recording Employment 6.5 Sectoral Employment Analysis 6.6 Analysis of Occupations 6.7 Methodology for Making Employment Projections—Introduction 6.8 Basic Elements of the Input–Output Analysis 6.8.1 Table of Technological Coefficients 6.8.2 Multipliers 6.8.3 Occupation Multipliers 6.8.4 Inter-Temporal Stability of Table A 6.9 The EURO Method Annex Notes References 7 Estimation of the Medium-Term Demand for Occupations and Specialties in the Greek Economy Using the Input–Output Model 7.1 Introduction 7.2 Brief Summary of the Methodology 7.3 Evolution of GDP Components 7.4 Employment Projections 7.5 Employment Projections per Sector 7.6 Employment Projections by Occupation 7.7 Composition Analysis Annex Part III Analysis of Human Capital Requirements in Greece 8 Restructuring the Greek Labor Market During the Last Two Economic Crises 8.1 Introduction 8.2 Economic Crises (2008, 2020) and Their Impact on the Labor Market 8.2.1 Conditions Impacting the Labor Market 8.2.2 Evidence on Labor Market’s Shifts 8.3 Reskilling and Upskilling of the Workforce 8.4 Policy Implications References 9 The European Experience in Lifelong Learning and the Restructuring of the Economy 9.1 Introduction 9.2 The Effects of Lifelong Learning on the Societies and the Economies 9.3 Lifelong Learning in Europe 9.4 Lifelong Learning in the New Era 9.5 Lifelong Learning and Economic Restructuring Through Skilling and Reskilling References 10 Labor Market Analysis Based on the Knowledge, Skills, Abilities and Working Activities of Employees in the Present and Future Production Structure of 2027 10.1 Introduction 10.2 Human Capital, Growth and Transformation 10.3 The Contemporary Labor Market and the Crisis of 2008 and 2020 10.4 Analysis of Employment and Occupations of the Greek Production System 2018 and 2027 10.5 Analysis of the Production System Requirements on Human Capital 10.5.1 Analysis in Terms of Working Activities Requirements 10.5.2 Analysis in Terms of Knowledge Requirements 10.5.3 Analysis in Terms of Skills Requirements 10.5.4 Analysis in Terms of Abilities Requirements 10.6 Discussion to the Previous Analysis Annex References Index