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The Effects of Macroeconomic Aggregates on Employment Levels in Greece: A Causal Analysis

Michael Chletsos and Christos Kollias

LABOUR, 1997, vol. 11, issue 3, 437-448

Abstract: This paper, using the technique of cointegration and error correction investigates the presence of a causal relationship between employment levels and key macroeconomic variables in Greece during the period 1960–92. The results reported here suggest the presence of such a relationship only in the case of secondary and non‐agricultural gross output as well as military spending.

Date: 1997
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