Euro and Technology Effects on Job Turnover in Greek Manufacturing
International Journal of Economic Sciences and Applied Research, Vol. 3, No. 1, pp. 27-38
12 Pages Posted: 28 Aug 2010
Date Written: August, 25 2010
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.
Keywords: Industry study, dynamic growth, manufacturing, financial performance
JEL Classification: C23, D21, G32, J23, L11, L6
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