Competitiveness of the Euro Zone Manufacturing: A Panel Data Analysis

被引：3
|
作者：
Fafaliou, Irene [1 ]
Polemis, Michael L. [2 ,3 ]
机构：
[1] Univ Piraeus, 80 Karaoli & Dimitriou St, Piraeus 18534, Greece
[2] Hellen Competit Commiss, Athens 10434, Greece
[3] Univ Piraeus, Athens 10434, Greece
来源：
INTERNATIONAL ADVANCES IN ECONOMIC RESEARCH | 2013年 / 19卷 / 01期
关键词：
Competitiveness; Euro zone manufacturing; Panel data; Generalized method of moments;
D O I：
10.1007/s11294-012-9381-0
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The purpose of this paper is to assess the main aspects involved in the competitiveness of manufacturing industries in the Euro zone area (EZ-12). To this end, we apply the generalized method of moments to a panel data error correction model. Our sample spans the period from 1970 to 2007, and our findings provide insight into the impact of manufacturing on the international competitiveness of European firms and industries. From the estimated magnitude of the relevant coefficients , we conclude that in the long run, a change in labor and capital compensation is not fully passed on to manufacturing growth, while an increase in the market power of the manufacturing sector will negatively affect its competitiveness.
引用
收藏
页码：45 / 61
页数：17
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