Euro and Technology Effects on Job Turnover in Greek Manufacturing

Theodore Papadogonas () and Fotini Voulgaris ()
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Theodore Papadogonas: Technological Educational Institute of Chalkis, GR-34400 Psachna, Evia, Greece
Fotini Voulgaris: Technological Educational Institute of Crete, GR_72100 Agios Nikolaos, Crete, Greece

International Journal of Business and Economic Sciences Applied Research (IJBESAR), 2010, vol. 3, issue 1, 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.

Keywords: Industry study; dynamic growth; manufacturing; financial performance (search for similar items in EconPapers)
JEL-codes: C23 D21 G32 J23 L11 L6 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:tei:journl:v:3:y:2010:i:1:p:27-38

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