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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)

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    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.

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    Article provided by Eastern Macedonia and Thrace Institute of Technology (EMATTECH), Kavala, Greece in its journal International Journal of Economic Sciences and Applied Research (IJESAR).

    Volume (Year): 3 (2010)
    Issue (Month): 1 (July)
    Pages: 27-38

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    Handle: RePEc:tei:journl:v:3:y:2010:i:1:p:27-38
    Contact details of provider: Web page: http://ijbesar.teiemt.gr/

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