The efficiency of the evaluation system of productive investments in Greece: the case of the developmental incentives for East Macedonia-Thrace region

Abstract

The focalization in the criticism of the evaluation system of investments, materialized in the context of regional policy, presents particular scientific interest as some insistence of the decision makers is observed, regarding mechanisms which while being applied, proved inadequate and inefficient. Moreover, an unwillingness of the public sector services to proceed in checking the effectiveness of the applied techniques of selecting viable investments has been noted. After the third decade from the application of developmental laws, it is realized that a readjustment of methodologies/criteria in evaluating and choosing of desirable investment plans, is necessary. A substantial dialogue should start regarding the implementation of a complete, modern and effective evaluation system that will ensure the promotion ofviable and efficient investments.