Euro and technology effects on job turnover in Greek manufacturing
Part of : International Journal of Business and Economic Sciences Applied Research ; Vol.3, No.1, 2010, pages 27-38
Issue:
Pages:
27-38
Abstract:
This paper investigates the effects of Greece’s European Union (EU) accession and European Economic and Monetary Union (EMU) entry, as well as R&D intensity and industry concentration on job creation and job destruction in the Greek manufacturing sector. The study is based on firm-level economic data of 1418 firms and covers the time period from 1995 to 2004. The econometric model, besides other firm-level determinants used in similar studies, incorporates variables that capture the potential impact of EU accession and EMU entry. In addition, the effects of variables, such as R&D, size, age, exports, new investment, profitability and industry concentration ratios are examined. The study reveals that EMU has a substantial negative effect on employment growth in the Greek manufacturing sector. However, it strengthens the effect of exports, new investments in tangible assets and R&D expenditures on the creation of new work positions.
Subject (LC):
Keywords:
industry study, dynamic growth, manufacturing, financial performance
Notes:
Περιέχει πίνακες και βιβλιογραφία, JEL classification: C23, D21, G32, J23, L11, L6
