EU Accession Effects on the Demand for Manufactures: the Case of Greece
AbstractThis paper analyzes the demand for manufactures in Greece and estimates the effects from the EU accession. An error correction specification of the Almost Ideal Demand System has been used. This formulation performs well on theoretical grounds, as the restrictions that are imposed by the demand theory are supported by the data provided. The results indicate that the domestic sales of manufactures are substitutes with imports from the EU and the rest of the world. Using the residuals approach, it is found that after the EU accession, imports from both sources substituted for a large part of the domestic sales.
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Bibliographic InfoArticle provided by Camera di Commercio di Genova in its journal Economia Internazionale / International Economics.
Volume (Year): 58 (2005)
Issue (Month): 4 ()
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More information through EDIRC
Elasticities; Error correction Almost Ideal Demand System; EU accession; Residuals approach; Trade liberalization.;
Other versions of this item:
- Minoas Koukouritakis, 2005. "EU Accession Effects on the Demand for Manufactures: the Case of Greece," Working Papers 0506, University of Crete, Department of Economics.
- C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F15 - International Economics - - Trade - - - Economic Integration
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Balcombe, K. G. & Davis, J. R., 1996. "An application of cointegration theory in the estimation of the almost ideal demand system for food consumption in Bulgaria," Agricultural Economics, Blackwell, vol. 15(1), pages 47-60, September.
- Escribano, Álvaro & Granger, C.W.J. (Clive William John), 1998. "Investigating the Relationship between Gold and Silver Prices," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/2558, Universidad Carlos III de Madrid.
- Minoas Koukouritakis, 2005. "EU Accession Effects on Export Performance: The Case of Greece," Working Papers 0516, University of Crete, Department of Economics.
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