Year: 2009
Title:
Total Factor Productivity (TFP) Growth, Technological Sophistication and Exports Growth in Greek Manufacturing
JEL: F14
Authors:
Ioannis Bournakis
Abstract:
The paper uses an index of Total Factor Productivity growth as a proxy of cost competitiveness to determine export performance of the Greek manufacturing sector. The conceptual framework of the paper also includes as explanatory variables of exports technological sophistication, conditions in domestic market and foreign income. The empirical findings suggest that cost competitiveness plays the most central role in Greece’s export performancewhile the degree of monopolistic power in the domestic market is another factor with a strong
positive influence on exports. The latter finding contradicts the mainstream conception that industries under monopolistic structure have no incentives to develop substantial export activity.
Keywords:
Exports, Competitiveness, Total Factor Productivity Growth, Technological Sophistication, Greece
Contact address: I.Bournakis at mdx.ac.uk
Paper URL: http://www.mdx.ac.uk/schools/bs/departments/econ_stats/docs/Disc_paper_no_129.pdf
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