Investment incentives for the industrial zones in Greece

Abstract

This article attempts to examine the relationship between the industrial zones scheme and the incentives provided by investment laws implemented in Greece for the encouragement of investment. More specifically it examines whether these incentives contribute towards the undertaking of investment in special reception locations, namely, the industrial zones, as well as the extend to which public investment, used for the creation of industrial infrastructure, is harmonised and complemented by the private investment policy, aiming at affecting investment towards the right direction. While the results obtained seem to indicate that this is partially achieved, they simultaneously emphasise the insufficiency of policies where they are needed most, that is in the less developed areas of the country. Specific policy proposals stem from the analysis.