The impact of inflation on SMEs: Evidence from a survey on Greek SMEs
Abstract
Based on Kalecki’s theory of the dichotomy of market structure we focus on the different impacts of inflation on firms with asymmetric market power. Using a questionnaire survey, we measure the impact of the recent inflationary crisis on Greek SMEs’ performance and the strategies they adopted to survive. Our results indicate a dualism regarding the impact of inflation, between small and large firms and between exporting and non-exporting firms. Our findings suggest that high inflation reinforces market concentration trends, leading to an increase in regional disparities.
Article Details
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Giakoulas, D., & Ioannidis, Y. (2023). The impact of inflation on SMEs: Evidence from a survey on Greek SMEs. Perifereia, 16(16), 109–128. https://doi.org/10.12681/ri.35388
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