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Assessing the determinants of Firms’ Competitiveness in Greece: A Structural Equation Modeling Analysis

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  • Metaxas, Theodore
  • Economou, Athina

Abstract

The paper investigates the importance of territorial characteristics/assets (i.e. agglomeration economies, urban infrastructure, factors of labor 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 sectors of industry, commerce and services. Through the use of Structural Equation Modeling (SEM) analysis, the importance of particular factors for the competitiveness of firms has been analyzed, coming out in valuable conclusions not only for the firms and the city of Thessaloniki considered but also for firms and areas with similar characteristics in Greece and the wider area of Balkans.

Suggested Citation

  • Metaxas, Theodore & Economou, Athina, 2012. "Assessing the determinants of Firms’ Competitiveness in Greece: A Structural Equation Modeling Analysis," MPRA Paper 42794, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:42794
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    References listed on IDEAS

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    More about this item

    Keywords

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

    JEL classification:

    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • 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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