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Prospects for the Greek Economy in the Post‐enlargement Era

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  • Sophia P. Dimelis

Abstract

This paper examines the consequences for Greece of the EU enlargement eastwards. The analysis is based on an evaluation of the Greek economy competitiveness relative to the economies of the acceding and candidate countries during the last decade. Using data disaggregated up to the third digit, the magnitude of Greek inter‐ and intra‐industry trade with the above countries is determined and contrasted to the corresponding trade with the EU. Other issues examined are the effects from factor movements such as the FDI flows and migration, and the macroeconomic effects from the reallocation of EU funds. Enlargement is expected to exert positive trade and FDI effects on the Greek economy, a negative effect on future economic growth as a result of budgetary reductions and an uncertain effect on labour markets from migration. A non‐exploited trade potential of Greece with the Balkan countries creates further opportunities for regional development.

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  • Sophia P. Dimelis, 2004. "Prospects for the Greek Economy in the Post‐enlargement Era," The World Economy, Wiley Blackwell, vol. 27(6), pages 803-827, June.
  • Handle: RePEc:bla:worlde:v:27:y:2004:i:6:p:803-827
    DOI: 10.1111/j.1467-9701.2004.00630.x
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    References listed on IDEAS

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    1. Ben J Heijdra & Christian Keuschnigg & Wilhelm Kohler, 2014. "Eastern Enlargement of the EU: Jobs, Investment and Welfare in Present Member Countries," World Scientific Book Chapters, in: European Economic Integration, WTO Membership, Immigration and Offshoring, chapter 2, pages 37-83, World Scientific Publishing Co. Pte. Ltd..
    2. Antonis Adam & Thomas Moutos, 2002. "The Political Economy of EU Enlargement: Or, Why Japan is not a Candidate Country?," CESifo Working Paper Series 704, CESifo.
    3. repec:dgr:rugccs:200213 is not listed on IDEAS
    4. Sophia Dimelis & Helen Louri, 2002. "Foreign ownership and production efficiency: a quantile regression analysis," Oxford Economic Papers, Oxford University Press, vol. 54(3), pages 449-469, July.
    5. Liargovas, Panagiotis & Chionis, Dionysios, 2002. "Greece’s Trade With The Balkan Countries: Is It Too Little?," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 17, pages 608-622.
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