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The static economic effects of Greece's entry into the EEC: The case of olive oilA cost-benefit analysis

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  • S. M. THEOPHANIDES

Abstract

This paper presents a cost-benefit analysis model for the estimation of the net transfer of foreign exchange from the EEC to Greece resulting from the application of the Common Agricultural Policy provisions on olive oil. Assuming an annual production volume of 200,000–250,000 tons of olive oil, the annual net inflow of foreign exchange to Greece will be 80–100 million European units of account. The integration of Greece into the EEC will have positive effects on the re-allocation of resources, on the stabilization of the olive oil sector and on income redistribution.

Suggested Citation

  • S. M. Theophanides, 1979. "The static economic effects of Greece's entry into the EEC: The case of olive oilA cost-benefit analysis," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 6(1), pages 81-90.
    • Handle: RePEc:oup:erevae:v:6:y:1979:i:1:p:81-90.
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    File URL: http://hdl.handle.net/10.1093/erae/6.1.81
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    Cited by:

    1. Josling, Timothy E. & Pearson, Scott R., 1982. "Developments in the Common Agricultural Policy of the European Community," Foreign Agricultural Economic Report (FAER) 147189, United States Department of Agriculture, Economic Research Service.

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