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EU participation and the external trade of Greece: an appraisal of the evidence

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  • Michael Arghyrou

Abstract

This paper investigates the trade effects caused by the accession of Greece to the EU. A large part of the analysis is in terms of trade flows disaggregated by the 21 categories of the Greek Tariff Schedule. These series are original data sets which have been constructed by the author to be used here for the first time. The main message is that after 1981 events took a turn closer to the pessimistic pre-accession predictions. Our findings indicate that during the post-integration period the external trade of Greece has been reoriented towards the EU countries and Greece lost part of its comparative advantage in those sectors in which such an advantage exists. We also suggest that as far as imports are concerned, EU participation has caused gross trade creation for imports from the EU countries and gross trade diversion for imports from the Rest of the World. As far as exports are concerned, the results indicate that EU participation has caused only a modest increase in Greek exports to the EU market.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics.

Volume (Year): 32 (2000)
Issue (Month): 2 ()
Pages: 151-159

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Handle: RePEc:taf:applec:v:32:y:2000:i:2:p:151-159

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Cited by:
  1. Minoas Koukouritakis, 2005. "EU Accession Effects on Export Performance: The Case of Greece," Working Papers 0516, University of Crete, Department of Economics.
  2. Oltheten, Elisabeth & Pinteris, George & Sougiannis, Theodore, 2003. "Greece in the European Union: policy lessons from two decades of membership," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(5), pages 774-806.
  3. Iannis A. Mourmouras & Michael G. Arghyrou, 1999. "Monetary Policy at the European Periphery. Greek Experience and Lessons for Transition Economies," CERT Discussion Papers 9910, Centre for Economic Reform and Transformation, Heriot Watt University.
  4. Minoas Koukouritakis, 2003. "EU Accession Effects on Imports of Manufactures: The case of Greece ," University of Cyprus Working Papers in Economics 2-2003, University of Cyprus Department of Economics.
  5. Minoas Koukouritakis, 2003. "Trade Effects due to the EU Accession: The case of Greece ," University of Cyprus Working Papers in Economics 5-2003, University of Cyprus Department of Economics.
  6. Koukouritakis, Minoas, 2005. "EU Accession Effects on the Demand for Manufactures: the Case of Greece," Economia Internazionale / International Economics, Camera di Commercio di Genova, vol. 58(4), pages 471-488.

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