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Job Creation and Job Destruction in Greek Manufacturing

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  • Fotini Voulgaris
  • Theodore Papadogonas
  • George Agiomirgianakis

Abstract

This paper examines job construction and destruction patterns in Greek manufacturing for the period 1995–99, just before Greece's entry to the European Monetary Union (EMU). The analysis uses descriptive statistics and regression models and is performed on a longitudinal sample of 6164 firms, classified by size of employment and by manufacturing sector. The results show the dynamic role small‐ and medium‐sized firms play in net employment creation in Greek manufacturing. High technology and capital‐intensive manufacturing sectors contribute mostly to net employment growth. Age of the firm is adversely connected to employment growth, while export activity and location of firms contribute significantly in net job creation. Significant determinants to employment growth are firm size, age, profitability, sales growth, reliance on debt and investment in new fixed assets. Economic policy measures are suggested to promote the establishment and survival of new small manufacturing firms, and the growth of the surviving ones.

Suggested Citation

  • Fotini Voulgaris & Theodore Papadogonas & George Agiomirgianakis, 2005. "Job Creation and Job Destruction in Greek Manufacturing," Review of Development Economics, Wiley Blackwell, vol. 9(2), pages 289-301, May.
    • Handle: RePEc:bla:rdevec:v:9:y:2005:i:2:p:289-301
    DOI: 10.1111/j.1467-9361.2005.00277.x
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Peter Huber & Harald Oberhofer & Michael Pfaffermayr, 2012. "Who Creates Jobs? Estimating Job Creation Rates at the Firm Level," WIFO Working Papers 435, WIFO.
    2. Francesco Biancalani & Dirk Czarnitzki & Massimo Riccaboni, 2022. "The Italian Start Up Act: a microeconometric program evaluation," Small Business Economics, Springer, vol. 58(3), pages 1699-1720, March.
    3. Díaz-Chao, Ángel & Ficapal-Cusí, Pilar & Torrent-Sellens, Joan, 2017. "Did small and medium enterprises maintain better jobs during the early years of the recession? Job quality multidimensional evidence from Spain," European Management Journal, Elsevier, vol. 35(3), pages 396-413.
    4. Hanhyung Pyo & Sungcheol Hong & Ahnjeong Kim, 2016. "Firm Size and Job Creation in Korea: Do Small Businesses Create More Jobs?," Korean Economic Review, Korean Economic Association, vol. 32, pages 137-166.
    5. Voulgaris, Fotini & Lemonakis, Christos, 2014. "Competitiveness and profitability: The case of chemicals, pharmaceuticals and plastics," The Journal of Economic Asymmetries, Elsevier, vol. 11(C), pages 46-57.
    6. F. Voulgaris & G. Agiomirgianakis & T. Papadogonas, 2015. "Job creation and job destruction in economic crisis at firm level: the case of Greek manufacturing sectors," International Economics and Economic Policy, Springer, vol. 12(1), pages 21-39, March.
    7. Gerrit Wit & Jan Kok, 2014. "Do small businesses create more jobs? New evidence for Europe," Small Business Economics, Springer, vol. 42(2), pages 283-295, February.
    8. Feng Liu & Kwangtae Park & Unjung Whang, 2019. "Organizational Capabilities, Export Growth and Job Creation: An Investigation of Korean SMEs," Sustainability, MDPI, vol. 11(14), pages 1-16, July.
    9. Blessing Atwine & Ibrahim Mike Okumu & John Bosco Nnyanzi, 2023. "What drives the dynamics of employment growth in firms? Evidence from East Africa," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-25, December.
    10. Huber, Peter & Oberhofer, Harald & Pfaffermayr, Michael, 2017. "Who creates jobs? Econometric modeling and evidence for Austrian firm level data," European Economic Review, Elsevier, vol. 91(C), pages 57-71.
    11. Bergner, Sören Martin & Bräutigam, Rainer & Evers, Maria Theresia & Spengel, Christoph, 2017. "The use of SME tax incentives in the European Union," ZEW Discussion Papers 17-006, ZEW - Leibniz Centre for European Economic Research.
    12. Ilias A. Makris & Vasilis Nikolaidis & Stavros Stavroyiannis, 2016. "Economic Growth and Exporting Activity: An Empirical Analysis on Greek Industry," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 41-52.
    13. David Neumark & Brandon Wall & Junfu Zhang, 2008. "Do Small Businesses Create More Jobs? New Evidence from the National Establishment Time Series," NBER Working Papers 13818, National Bureau of Economic Research, Inc.
    14. Peter Huber & Harald Oberhofer & Michael Pfaffermayr, 2014. "Job creation and the intra-distribution dynamics of the firm size distribution," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 23(1), pages 171-197, February.
    15. J.S. Keshminder & Md Aslam Mia & Mohammad Nourani & Miao Zhang, 2022. "Gig employment in the Malaysian manufacturing industry: a cross‐sectional analysis," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 36(1), pages 48-66, May.
    16. LIU Yang, 2017. "Effects of Wages and Job Productivity on Job Creation and Destruction: Evidence from Japanese division-level employment data," Discussion papers 17060, Research Institute of Economy, Trade and Industry (RIETI).

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