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A note on the impact of EU accession on capital mobility in the case of Greece


  • Christos Kollias

    (Department of Economics, University of Thessaly)

  • Nikolaos Mylonidis

    (Department of Economics, University of Ioannina)

  • Suzanna-Maria Paleologou

    (Department of Economics, University of Ioannina)


In Greek economic history EU accession represents a major milestone. Among other effects, it has acted as a catalyst for the country’s integration in the international economy. This paper investigates whether this can find a modicum of empirical verification in the case of capital mobility and the economy’s links with the international capital markets. It does so by examining the saving-investment correlation using both the ARDL bounds testing procedure and Kalman filter methodology. The tests cover the period 1962-2002, as well as sub-periods, and the results obtained suggests that EU membership has positively impacted capital mobility in the case of Greece.

Suggested Citation

  • Christos Kollias & Nikolaos Mylonidis & Suzanna-Maria Paleologou, 2005. "A note on the impact of EU accession on capital mobility in the case of Greece," Ekonomia, Cyprus Economic Society and University of Cyprus, vol. 8(2), pages 185-193, Winter.
  • Handle: RePEc:ekn:ekonom:v:8:y:2005:i:2:p:185-193

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    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics


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