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The Effects of Macroeconomic Aggregates on Employment Levels in Greece: A Causal Analysis
Author(s) -
Chletsos Michael,
Kollias Christos
Publication year - 1997
Publication title -
labour
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.403
H-Index - 34
eISSN - 1467-9914
pISSN - 1121-7081
DOI - 10.1111/1467-9914.00044
Subject(s) - cointegration , economics , error correction model , econometrics , agriculture , causal analysis , macroeconomics , monetary economics , biology , ecology
This paper, using the technique of cointegration and error correction investigates the presence of a causal relationship between employment levels and key macroeconomic variables in Greece during the period 1960–92. The results reported here suggest the presence of such a relationship only in the case of secondary and non‐agricultural gross output as well as military spending.