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Please use this identifier to cite or link to this item: http://hdl.handle.net/2262/61583

Title: The law of Verdoorn: evidence from Greek disaggregated manufacturing time series data
Author: Apergis, Nicholas
Zikos, Spyros
Keywords: Verdoorn's law
Manufacturing sector
Greece
Quantitative methods
Productivity
Issue Date: 2003
Publisher: Economic & Social Research Institute
Citation: Apergis, Nicholas; Zikos, Spyros. 'The law of Verdoorn: evidence from Greek disaggregated manufacturing time series data'. - Economic & Social Review, Vol. 34, No. 1, Spring, 2003, pp. 87–104, Dublin: Economic & Social Research Institute
Abstract: 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.
URI: http://hdl.handle.net/2262/61583
ISSN: 00129984
Appears in Collections:Economic and Social Review Archive: Complete Collection 1969-
The Economic and Social Review, Vol. 34, No. 1, Spring, 2003

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