The Financial Crisis Effect on Culture Employment the Case of Greece

The present work is related to the recent economic crisis effect in Eurozone and especially its weak link Greece to employment in one of country's heavy industries, culture. Greece has a long history on both and civilization. Using a set of six variables (GDP public expenditure on culture, the existence of crisis in the country or one of its counterparts, the change of consumer price index on sector, the human development index and the Heritage economic freedom index, respectively) we explain the level of employment on culture sector response for a fourteen year period (1995-2018) using the Robust least Squares model having major advantages compared to the traditional most used least squares methods against large residuals and high leverages. The results show that there is a strong negative relationship between culture employment and domestic crisis and a positive dependence on HDI and economic freedom.