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EU Accession Effects on the Demand for Manufactures: the Case of Greece

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  • Minoas Koukouritakis

    (Department of Economics, University of Crete, Greece)

Abstract

This 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.

Suggested Citation

  • Minoas Koukouritakis, 2005. "EU Accession Effects on the Demand for Manufactures: the Case of Greece," Working Papers 0506, University of Crete, Department of Economics.
    • Handle: RePEc:crt:wpaper:0506
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    References listed on IDEAS

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    6. Karagiannis, G. & Katranidis, S. & Velentzas, K., 2000. "An error correction almost ideal demand system for meat in Greece," Agricultural Economics, Blackwell, vol. 22(1), pages 29-35, January.
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    Cited by:

    1. Minoas Koukouritakis, 2006. "EU Accession Effects on Export Prformance: The Case of Greece," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 4(2), pages 147-166.
    2. Fusheng Xie & Jiateng Wang & Zhi Li, 2023. "The Greek Crisis Under Structural Constraints," Review of Radical Political Economics, Union for Radical Political Economics, vol. 55(2), pages 309-332, June.

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    More about this item

    Keywords

    Elasticities; Error correction Almost Ideal Demand System; EU accession;
    All these keywords.

    JEL classification:

    • 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

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