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Assesing The Determinantts Of Firms’ Competitiveness In Greece: A Structural Equation Modeling Analysys

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  • Theodore METAXAS

    (Department of Economics, University of Thessaly, 43 Korai Str., 383 33, Volos, Greece, Tel: ++30 24210 74917, Fax: ++30 24210 74772)

  • Athina ECONOMOU

    (Department of Economics, University of Thessaly, 43 Korai Str., 383 33, Volos, Greece, Tel: ++30 24210 74670, Fax: ++30 24210 74772)

Abstract

The paper investigates the importance of territorial features/assets (i.e. agglomeration economies, urban infrastructure, factors of labour and cost, development policies, qualitative factors, inter alia) on small and medium-sized firms’ competitiveness. The analysis uses primary data from 204 small and medium-sized firms located in Thessaloniki (Greece). These firms operate in the industry, commerce and services sectors. Through the use of Structural Equation Modeling (SEM) analysis, the importance of particular factors for the competitiveness of firms has been analysed, reaching valuable conclusions not only for the firms and the city of Thessaloniki, but also for the firms and areas with similar characteristics in Greece and the wider area of the Balkans.

Suggested Citation

  • Theodore METAXAS & Athina ECONOMOU, 2016. "Assesing The Determinantts Of Firms’ Competitiveness In Greece: A Structural Equation Modeling Analysys," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 17, pages 91-113, June.
    • Handle: RePEc:aic:revebs:y:2016:j:17:metaxast
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    More about this item

    Keywords

    firms’ competitiveness; territorial features/assets; Structural Equation Modeling (SEM) analysis; Greece;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R5 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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