A note on the impact of EU accession on capital mobility in the case of Greece
AbstractIn Greek economic history EU accession represents a major milestone. Among other effects, it has acted as a catalyst for the country’s integration in the international economy. This paper investigates whether this can find a modicum of empirical verification in the case of capital mobility and the economy’s links with the international capital markets. It does so by examining the saving-investment correlation using both the ARDL bounds testing procedure and Kalman filter methodology. The tests cover the period 1962-2002, as well as sub-periods, and the results obtained suggests that EU membership has positively impacted capital mobility in the case of Greece.
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Bibliographic InfoArticle provided by Cyprus Economic Society and University of Cyprus in its journal Ekonomia.
Volume (Year): 8 (2005)
Issue (Month): 2 (Winter)
Find related papers by JEL classification:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
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