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 InfoPaper provided by University of Crete, Department of Economics in its series Working Papers with number 0506.
Length: 26 pages
Date of creation: 00 2005
Date of revision:
Elasticities; Error correction Almost Ideal Demand System; EU accession;
Other versions of this item:
- 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.
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-11-18 (All new papers)
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