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EU Accession Effects on Export Performance: The Case of Greece

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  • Minoas Koukouritakis

    () (Department of Economics, University of Crete, Greece)

Abstract

This paper estimates the effects on the Greek export performance that caused by the EU accession. A simultaneous equations model of export demand and export supply has been used in order to avoid the simultaneity problem. Comparative static analysis and the residuals approach have been implemented. The results indicate that the EU accession and the consequent abolition of the export subsidies had a negative effect on the country’s export performance, instead of improving it. The main reason for this effect is that the export subsidies, during the time period that were valid, were just improved the exporters’ revenues and not used for creating new comparative advantages for the Greek products.

Suggested Citation

  • Minoas Koukouritakis, 2005. "EU Accession Effects on Export Performance: The Case of Greece," Working Papers 0516, University of Crete, Department of Economics.
  • Handle: RePEc:crt:wpaper:0516
    as

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    File URL: http://economics.soc.uoc.gr/wpa/docs/Koukouritakis_Exports.pdf
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    References listed on IDEAS

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    1. Michael Arghyrou, 2000. "EU participation and the external trade of Greece: an appraisal of the evidence," Applied Economics, Taylor & Francis Journals, vol. 32(2), pages 151-159.
    2. G. Arghyrou, Michael & Bazina, Evelyn, 2003. "Competitiveness and the External Trade of Greece in the 1990s: A Cross-Sectoral Investigation," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 18, pages 763-793.
    3. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 39(3), pages 106-135.
    4. Georgakopoulos, Theodore A., 1993. "Trade and Welfare Effects of Common Market Membership: An Ex-post Evaluation for Greece," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 46(4), pages 360-376.
    5. repec:wsi:wschap:9789814749589_0002 is not listed on IDEAS
    6. Michael Plummer, 1991. "Ex-post empirical estimates of the second enlargement: The case of Greece," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 127(1), pages 171-182, March.
    7. Morris Goldstein & Mohsin S. Khan, 2017. "Income and Price Effects in Foreign Trade," World Scientific Book Chapters,in: TRADE CURRENCIES AND FINANCE, chapter 1, pages 3-81 World Scientific Publishing Co. Pte. Ltd..
    8. Koukouritakis, Minoas, 2005. "EU Accession Effects on the Demand for Manufactures: the Case of Greece," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 58(4), pages 471-488.
    9. Moran, Cristian, 1988. "A Structural Model for Developing Countries' Manufactured Exports," World Bank Economic Review, World Bank Group, vol. 2(3), pages 321-340, September.
    10. Morris Goldstein & Mohsin S. Khan, 2017. "The Supply and Demand for Exports: A Simultaneous Approach," World Scientific Book Chapters,in: TRADE CURRENCIES AND FINANCE, chapter 2, pages 83-104 World Scientific Publishing Co. Pte. Ltd..
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    Cited by:

    1. George Magoulios & Stergios Athianos, 2013. "The Trade Balance of Greece in the Euro Era," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 11(2), pages 187-216.

    More about this item

    Keywords

    EU Accession; Export subsidies; Simultaneous equations; Comparative static;

    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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