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What is the Effect of EMU on Greece's Exports to the Eurozone?

Author

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  • Kyriakos Aristotelous

    (Otterbein College)

Abstract

This paper investigates the effect of EMU on Greece's exports to Eurozone countries in the context of a generalized gravity model using panel data between Greece and twenty-one developed countries from 1981-2005. The dynamic panel model is estimated using Hansen's two-step Generalized Method of Moments estimator. The results suggest that the EMU has led to a decrease in Greek exports to Eurozone countries. That decrease is statistically different than zero.The paper also finds empirical evidence that shows that the negative EMU effect on Greece's exports to Eurozone is most likely due to a loss in Greece's competitiveness in Eurozone markets.

Suggested Citation

  • Kyriakos Aristotelous, 2008. "What is the Effect of EMU on Greece's Exports to the Eurozone?," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 6(1), pages 39-51.
    • Handle: RePEc:seb:journl:v:6:y:2008:i:1:p:39-51
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    References listed on IDEAS

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    Cited by:

    1. Timo Tohmo & Kari Heimonen & Mika Nieminen, 2021. "Effects of the European Monetary Union on High-Technology Exports," Journal of Industry, Competition and Trade, Springer, vol. 21(2), pages 251-285, June.
    2. Thompson, Alexi & Thompson, Henry, 2018. "The Exchange Rate Regime Switch and Current Account in Greece, 1976-2014," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 71(3), pages 371-386.

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    More about this item

    Keywords

    Emu; Euro; Greece; Exports; Trade;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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