Labour productivity changes and working time: The case of Greece

Belegri-Roboli, A; Markaki, M; Michaelides, PG

dc.contributor.author	Belegri-Roboli, A	en
dc.contributor.author	Markaki, M	en
dc.contributor.author	Michaelides, PG	en
dc.date.accessioned	2014-03-01T02:02:20Z
dc.date.available	2014-03-01T02:02:20Z
dc.date.issued	2011	en
dc.identifier.issn	09535314	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/29312
dc.subject	Greece	en
dc.subject	Input-output analysis	en
dc.subject	Labour productivity	en
dc.subject	Working time	en
dc.subject.other	economic analysis	en
dc.subject.other	European Union	en
dc.subject.other	IMF	en
dc.subject.other	input-output analysis	en
dc.subject.other	labor productivity	en
dc.subject.other	labor standard	en
dc.subject.other	manufacturing	en
dc.subject.other	OECD	en
dc.subject.other	working conditions	en
dc.subject.other	Greece	en
dc.title	Labour productivity changes and working time: The case of Greece	en
heal.type	journalArticle	en
heal.identifier.primary	10.1080/09535314.2011.595777	en
heal.identifier.secondary	http://dx.doi.org/10.1080/09535314.2011.595777	en
heal.publicationDate	2011	en
heal.abstract	In terms of the annual hours worked per employee, Greece ranks first among EU-15 countries and second among OECD countries. In this context, the austerity measures it adopted (as suggested by the EU and IMF) imply, among other things, a reduction in the over-hours. If such reductions were not to be accompanied by increases in labour productivity, output would be reduced considerably. This paper therefore addresses the question: ""What change in sectoral labour productivity levels would have been required to deliver the actual change in final demands in Greece between 1995 and 2005, if working hours in each sector had been reduced to their EU averages?"" In this framework, we develop a methodology for calculating labour productivity change by sector of economic activity in an input-output context. Next, we apply it to the Greek economy for the time period 1995-2005, the most recent period for which the required data are available. We find that the required productivity changes are the most substantial for the hotels and restaurants sector, followed by machinery manufacturing and the trade sectors. © 2011 The International Input-Output Association.	en
heal.journalName	Economic Systems Research	en
dc.identifier.doi	10.1080/09535314.2011.595777	en
dc.identifier.volume	23	en
dc.identifier.issue	3	en
dc.identifier.spage	329	en
dc.identifier.epage	339	en