The Law of Verdoorn : Evidence from Greek Disaggregated Manufacturing Time Series Data

نویسندگان

  • NICHOLAS APERGIS
  • SPYROS ZIKOS
چکیده

This paper tests the validity of Verdoorn’s law in Greek manufacturing. Through the Generalised Method of Moments (GMM) methodology, estimates of the Verdoorn law in aggregated and disaggregated manufacturing Greek data are obtained in order to explain disparities in income and growth among Greek manufacturing sectors. The results provided evidence that increasing returns to scale with certain, albeit low, substitutability possibilities between capital and labour are present in Greek manufacturing groups.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

A time series of infectious-like events in Australia between 2000 and 2013 leading to extended periods of increased deaths (all-cause mortality) with possible links to increased hospital medical admissions

Background and aims: Trends in deaths and medical admissions in the UK and Europe show evidence for a series of infectious-like events. These events have been overlooked by traditional surveillance methodologies. Preliminary evidence points to a rise in medical admissions in Australia around the same time as those observed in Europe, and this study was aimed to evaluate whether the deaths are o...

متن کامل

Increasing returns to scale at the firm-level: a panel data study for Brazil

This paper revisits Verdoorn’s Law and issues related to its estimation using micro-data. Using a large panel of firms from the Brazilian manufacturing industry from 1996 to 2002, the exercise finds compelling evidence of increasing returns to scale in such a low level of aggregation using different specifications. The results were strengthened by indicator variables for sub-sectors and partici...

متن کامل

Growth of Labour Productivity in Irish Manufacturing 1953 - 1967 1 By KIERAN A

The mam concern of this paper is with longer term differences among individual manufacturing industries in the growth of labour productivity and how such differences are associated with relative movements in output, labour earnings, unit costs and prices Certain relationships between the movements of these variables m Irish manufacturing industries will be examined and the results compared with...

متن کامل

The impact of vascular diameter ratio on hemodialysis maturation time: Evidence from data mining approaches and thermodynamics law

Background: Vascular Access (VA) is an important aspect for blood circulatory in Hemodialysis (HD). Arteriovenous Fistula (AVF) is a suitable procedure to gain VA. Maturation of the AVF is a status of AVF, which can be cannulated for HD. This study aimed to discover the parameters that effectively reduce the duration between VA and start of HD, which symbolizes the maturation time (MT). &nbs...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2003