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

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  • Michael Chletsos
  • Christos Kollias

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.

Suggested Citation

  • Michael Chletsos & Christos Kollias, 1997. "The Effects of Macroeconomic Aggregates on Employment Levels in Greece: A Causal Analysis," LABOUR, CEIS, vol. 11(3), pages 437-448, November.
  • Handle: RePEc:bla:labour:v:11:y:1997:i:3:p:437-448
    DOI: 10.1111/1467-9914.00044
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    Cited by:

    1. Afşin Şahin & Aysit Tansel & M. Hakan Berument, 2015. "Output–Employment Relationship Across Sectors: A Long- Versus Short-Run Perspective," Bulletin of Economic Research, Wiley Blackwell, vol. 67(3), pages 265-288, July.
    2. Jurgen Brauer, 2002. "Survey and Review of the Defense Economics Literature on Greece and Turkey: What Have We Learned?," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(2), pages 85-107.
    3. Afşin Şahin & Aysit Tansel & M. Hakan Berument, 2015. "Output–Employment Relationship Across Sectors: A Long- Versus Short-Run Perspective," Bulletin of Economic Research, Wiley Blackwell, vol. 67(3), pages 265-288, July.

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