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Euro and Technology Effects on Job Turnover in Greek Manufacturing


  • 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)


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.

Suggested Citation

  • Theodore Papadogonas & Fotini Voulgaris, 2010. "Euro and Technology Effects on Job Turnover in Greek Manufacturing," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Eastern Macedonia and Thrace Institute of Technology (EMATTECH), Kavala, Greece, vol. 3(1), pages 27-38, July.
  • Handle: RePEc:tei:journl:v:3:y:2010:i:1:p:27-38

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    References listed on IDEAS

    1. James J. Heckman & Hidehiko Ichimura & Petra E. Todd, 1997. "Matching As An Econometric Evaluation Estimator: Evidence from Evaluating a Job Training Programme," Review of Economic Studies, Oxford University Press, vol. 64(4), pages 605-654.
    2. Ardiana N. Gashi & Nick Adnett, 2012. "Technology, Training, and Transition," Eastern European Economics, Taylor & Francis Journals, vol. 50(6), pages 57-80, November.
    3. Franc Vidic, 2013. "Entrepreneurial Orientation (EO) and Knowledge Creation (KC)," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Eastern Macedonia and Thrace Institute of Technology (EMATTECH), Kavala, Greece, vol. 6(2), pages 103-124, September.
    4. Becker, Sascha O. & Caliendo, Marco, 2007. "mhbounds – Sensitivity Analysis for Average Treatment Effects," IZA Discussion Papers 2542, Institute for the Study of Labor (IZA).
    5. Sascha O. Becker & Marco Caliendo, 2007. "Sensitivity analysis for average treatment effects," Stata Journal, StataCorp LP, vol. 7(1), pages 71-83, February.
    6. Marco Caliendo & Sabine Kopeinig, 2008. "Some Practical Guidance For The Implementation Of Propensity Score Matching," Journal of Economic Surveys, Wiley Blackwell, vol. 22(1), pages 31-72, February.
    7. Zafar Nazarov & Alisher Akhmedjonov, 2012. "Education, On-the-Job Training, and Innovation in Transition Economies," Eastern European Economics, Taylor & Francis Journals, vol. 50(6), pages 28-56, November.
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    More about this item


    Industry study; dynamic growth; manufacturing; financial performance;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L6 - Industrial Organization - - Industry Studies: Manufacturing


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