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EU Accesssion effects on Trade Flows: The Case of Greece

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  • Minoas Koukouritakis

    (Department of Economics, The School of Social Sciences, University of Crete, Greece)

Abstract

This paper estimates the effects on the Greek trade balance that were caused by the EU accession. A full trade model was used, since the country relies on imported inputs for export production. The residuals approach was implemented. The gradual liberalization of Greek trade through the abolition of tariffs, quotas, financial stringencies and export subsidies, and the harmonization of the indirect tax system, which took place over the 1981-1992 period, led to a substantial increase in the country's trade deficit. This impact was mainly caused by the large increase in imports, as the effect of accession on exports was quite small.

Suggested Citation

  • Minoas Koukouritakis, 2004. "EU Accesssion effects on Trade Flows: 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. 2(2), pages 61-79.
    • Handle: RePEc:seb:journl:v:2:y:2004:i:2:p:61-79
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    File URL: http://www.asecu.gr/Seeje/issue03/koukouritakis.pdf
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. 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..
    4. Khan, Mohsin S & Knight, Malcolm D, 1988. "Import Compression and Export Performance in Developing Countries," The Review of Economics and Statistics, MIT Press, vol. 70(2), pages 315-321, May.
    5. 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.
    6. Engle, R. F. & Granger, C. W. J. (ed.), 1991. "Long-Run Economic Relationships: Readings in Cointegration," OUP Catalogue, Oxford University Press, number 9780198283393.
    7. 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..
    8. 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.
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    Cited by:

    1. Sadia Bader, 2006. "Determining Import Intensity of Exports for Pakistan," SBP Working Paper Series 15, State Bank of Pakistan, Research Department.
    2. Seref Saygili & Cengiz Cihan & Cihan Yalcin & Turknur Hamsici, 2010. "Turkiye Imalat Sanayiin Ithalat Yapisi," Working Papers 1002, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    3. Pascal L. Ghazalian, 2016. "Processed Food Trade of Greece with EU and Non-EU Countries: An Empirical Analysis," International Journal of Food and Beverage Manufacturing and Business Models (IJFBMBM), IGI Global, vol. 1(2), pages 15-30, July.
    4. Asif Idrees Agha & Muhammad Saleem Khan, 2006. "An Empirical Analysis of Fiscal Imbalances and Inflation in Pakistan," SBP Research Bulletin, State Bank of Pakistan, Research Department, vol. 2, pages 343-362..
    5. Kalsoom Zulfiqar & Rukhsana Kausar, 2012. "Trade Liberalization, Exchange Rate And Export Growth In Pakistan," Far East Journal of Psychology and Business, Far East Research Centre, vol. 9(3), pages 32-47, November.

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    More about this item

    Keywords

    EU Accession; Trade liberalization; Residuals approach; Anti-monde; Trade balance;
    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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