The Dependency Of The Greek Software Industry On The Public Investment Program Of Greece.
الكلمات المفتاحية:
بورصة الجزائر، الاستثمار، الخوصصة، القطاع المالي، Public investment program، industry، Greeceالملخص
The dependency of the Greek Software Industry (GSI) sector on the Public Investment Program (PIP) of Greece and on certain macroeconomic and sector-specific indices is investigated together with the prospect of expansion of GSI to foreign markets. The main characteristics, a brief historical background and an analysis of the GSI Sector are presented. On the other hand, PIP along with its development over the last fifteen years, has been in incremental relation with the Community Operational Frameworks of the EU. An econometric model is presented that attempts to estimate the dependency of the software sector turnover upon PIP and the following indices: gross domestic product, disposable income, average labor cost, interest rate and change in broadband relations. The process is described in detail and the results show the statistical significance of the independent PIP variable together with seasonality, as the main factors of dependence of the software sector turnover. The model may be further useful to decision making and economic policy regarding the development of the Greek software sector. Finally, after a short description of the current macroeconomic environment, the prospects of expansion of the Greek Software Industry to foreign markets are considered and the most important growth factors, according to a recent survey among sector executives, are presented.المراجع
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Georgopoulos, D. (2012), “Greek Software Industry: Current Status, Prospects of Expansion and Examination of its Dependency on the Greek Public Investment Program”. MBA Thesis, Hellenic Open University, Patra, Greece, 71 pp. Appendix A The data and the prediction values Table 1. Data and Results of Regression Analysis Quarter RC YD i ALC GDP PIP SST index (turnover) Predicti on SST-est Residu al 2005/1 2 46775.39 .00
17 2005/2 21 46576.53 2.00 1726 47599.88 2195.191 85.8 100.66 14.86 2005/3 18 46623.16 2.00 1726 51028.26 2137.939 81.8 82.09 0.29 2005/4 48 46048.11 2.09 1983 49705.2 2081.476 146.8 138.95 -7.85 2006/1 65 46787.37 2.29 1504 46678.8 2062.604 94 82.06 -11.94 2006/2 72 46395.96 2.54 1758 51130.8 2160.734 107.9 99.35 -8.55 2006/3 73 46167.01 2.93 1763 53021.11 2162.888 84.6 83.04 -1.56 2006/4 118 45735.95 3.31 2035 52919.61 2199.626 158.5 143.44 -15.06 2007/1 135 48650.99 3.51 1542 49106.5 2331.097 103.1 92.26 -10.84 2007/2 138 48275.84 3.80 1818 52647.3 2389.442 118.7 108.04 -10.66 2007/3 143 48179.79 4.00 1823 54979.98 2682.802 89.2 102.80 13.60 2007/4 113 47739.76 4.00 2100 53120.89 2300.895 163.5 147.28 -16.22 2008/1 108 49782.37 4.00 1598 49187.73 2180.416 107.3 86.54 -20.76 2008/2 121 49397.35 4.00 1865 52927.77 2512.393 138.8 112.71 -26.09 2008/3 65 49162.59 4.27 1874 54971.89 2216.353 95.5 85.07 -10.43 2008/4 196 48261.79 3.59 2113 52437.61 2406.522 176.6 151.30 -25.30 2009/1 122 49490.78 1.97 1660 47024.25 2940.91 90.4 115.43 25.03 2009/2 124 48885.09 1.13 1995 50605.16 2877.997 111 126.60 15.60 2009/3 41 48781.02 1.00 2010 53062.7 2724.128 113.9 104.37 -9.53 2009/4 123 49140.46 1.00 2196 52021.51 2387.069 136.5 150.56 14.06 2010/1 122 48175.01 1.00 1712 47201.74 2043.593 84.9 81.34 -3.56 2010/2 66 47949.28 1.00 1964 50227.98 1734.448 77.5 83.15 5.65 2010/3 49 47758.47 1.00 1858 50605.22 1730.975 57.9 66.63 8.73 2010/4 99 47206.54 1.00 2074 47549.48 1997.399 87.4 135.75 48.35 2011/1 67 44335.83 1.00 1705 43273.21 1763.412 62.2 70.69 8.49 2011/2 32 43587.42 1.22 1859 46496.06 1604.55 71.4 78.21 6.81 2011/3 45 43270.45 1.48 1843 48094.55 1514.274 61.8 58.39 -3.41 BRC : Broadband Connections Change (in Thou. connections) YD : Disposable Income (in million €) i : ECB interest rate (%) ALC : Average monthly Labor Cost (in €) GDP : Gross Domestic Product (in million €) PIP : Public Investment Program expenditure (in million €) The dependency of the greek software in
