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Employment Intensity of Economic Growth in Southern Europe: Evidence from Multidimensional Panel Data

Author

Listed:
  • Selda Gorkey

    (Department of Economics, Isik University, Istanbul, Turkey)

  • Asli Tasbasi

    (Department of Economics, Isik University, Istanbul, Turkey)

Abstract

This paper examines the employment intensity of economic growth in Southern Europe during the so-called "post-crisis" recovery years. A labor demand estimation model based on multidimensional panel data from 2010 to 2019 was utilized. Findings from our macroeconomic analysis of eight different industries refute the predictions of neoclassical labor theory in the region. The results further indicate the presence of jobless growth in the areas of overall employment, full-time employment, and overall employees. They also signal that economic growth may have created job opportunities in part-time and youth employment, and among temporary employees, rather than full-time jobs. The paper links these findings to particular characteristics of the regional labor market, discusses their implications for understanding unemployment and formulates recommendations for future policy.

Suggested Citation

  • Selda Gorkey & Asli Tasbasi, 2023. "Employment Intensity of Economic Growth in Southern Europe: Evidence from Multidimensional Panel Data," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 25(1), pages 5-32, June.
    • Handle: RePEc:iez:survey:ces-v25_1-2023_gorkey-tasbasi
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    economic growth; jobless growth; employment intensity; multidimensional panel data; Southern Europe;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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