Tangible and Intangible factors of economic growth

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“Tangible and Intangible factors of economic growth” 

Wednesday, 26 th , November, 2025 

Venue: Athens University of Economics and Business 

Organizers: George Alogoskoufis and Petros Varthalitis 

9:00-9:30 

Registration and welcome 

Welcome address Vanghelis Vassilatos (Head of the Department of Economics)

9:30-10:00 

Chair: Vanghelis Vassilatos 

“What do we know about economic growth?” 

Apostolis Philippopoulos (Athens University of Economics and Business and CESifo) 

10:00 – 10:45 

Session A: Empirical Evidence 

Chair: Spyros Lazarakis (Lancaster University) 

Ilias Kostarakos (European Commission -JRC Sevilla) 

“Determinants of growth in the EU ” 

(joint with A. Philippopoulos and P. Varthalitis)

 Elias Tzavalis (Athens University of Economics and Business) 

“Fiscal Consolidation and Debt-GDP Stabilization: A Structural VAR Analysis ” 

(joint with Y. Dendramis and G. Dimitrakopoulos) 

10:45 -11:15 

Coffee break 

11:15 – 11:45

Chair: Theodoros Palyvos (Athens University of Economics and Business) 

Keynote talk on “Intangibles, AI and the future of productivity” 

Cecilia Jona Lasinio (Luiss Business School) 

11:45 – 13:00 

Session B: The role of intangibles

Chair: Angelos Alexopoulos (Athens University of Economics and Business, University of Cambridge, Independent Authority for Public Revenue in Greece) 

Fatih Ozturk (OECD) 

“Why has business investment been weak? ” 

(P. Gal, J. Hooley and F. Unsal (OECD)) 

Petros Varthalitis (Athens University of Economics and Business) 

“Intangible investment in Greece through the lens of a general equilibrium model” 

(joint with V.Dimakopoulou (NKUA) and S. Sakkas (Uni. of Cyprus)) 

Plamen Nikolov *(online) (European Commission) 

“Intangible assets and productivity growth” 

(joint with Wouter Simons, Alessandro Turrini and Peter Voigt (all European Commission)) 

Malin Andersson *(online) (European Central Bank) 

“Intangible investment in the euro area – evidence and challenges ” 

(joint with N. Blatnik, L.Emter, Belén Gonzalez Pardo, V. Jarvis, M. Schmitz, N. Zorell, C. Zwick (all ECB) and S. Byrne (Central Bank of Ireland)) 

13:00 – 14:00 

Lunch Break 

14:00 – 15:00 

Session C: The role of intangibles 

Chair: Natasha Miaouli (Hellenic Fiscal Council, Athens University of Economics and Business) 

George Alogoskoufis (Athens University of Economics and Business) 

“Savings, Investment and Endogenous Growth ” 

Sacha Wunsch-Vincent *(online) (World Intellectual Property Organization (WIPO)) 

“Reporting key findings of the World Intangible Investment Highlights – How does the EU and Greece fare?” 

(joint with A. Grewal (WIPO) and C. Jona-Lasinio (Luiss Business School)) 

Fabio Antoniou (Athens University of Economics and Business) 

“Rebates and Intangibles ” 

(joint with A. Dosis (ESSEC)) 

15:00 – 15:30 

Coffee break 

15:30-16:30 

Session D: Growth in the Greek Economy 

Chair: Panos Tsakloglou (Athens University of Economics and Business, Bank of Greece) 

Plutarchos Sakellaris (Athens University of Economics and Business) 

“Economic Growth Dynamics and Productivity Trends in the Greek Economy: A 60-Year Perspective ” 

(joint with S. Giannoulakis and J. Tsoukalas) 

Apostolis Philippopoulos (Athens University of Economics and Business) 

“Prospects for the Greek Economy in a DSGE Framework” 

(joint with G. Alogoskoufis, V. Dimakopoulou and G. Economides) 

Pantelis Kammas (Athens University of Economics and Business) 

“Earnings dynamics through boom, crisis, and recovery: Evidence from Greece ” 

(joint with E. Adamopoulou, M. Galenianos, N. Giannakopoulos and I. Laliotis) 

End of workshop  

And some photos ...