Labor market decisions and Greek manufacturing competitiveness
UNSPECIFIED. (1999) Labor market decisions and Greek manufacturing competitiveness. JOURNAL OF POLICY MODELING, 21 (4). pp. 505-513. ISSN 0161-8938Full text not available from this repository.
Starting from a Vector Error-Correction Model (VECM), we identify a long-run labor demand equation, with employment being proportional to both value added and product wages. The system supports weak exogeneity of output and product wages with respect to the long-run parameters in the cointegrating space. It also highlights structural rigidities in the functioning of the Creek labor market. Strike activity raises employment in the short-run, while unemployment benefits have negative short-run effects. (C) 1999 Society of Policy Modeling. Published by Elsevier Science Inc.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Journal or Publication Title:||JOURNAL OF POLICY MODELING|
|Publisher:||ELSEVIER SCIENCE INC|
|Number of Pages:||9|
|Page Range:||pp. 505-513|
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