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The Impact of EU Membership: Lessons from the Greek Experience

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Abstract

The purpose of the present paper is twofold: firstly, to provide an ex-post evaluation of the impact of Greece’s entry into the European Union on its economic performance, during the first post-accession decade and secondly, to assess the effect in the level of domestic production arising from the shift in the patterns and volumes of trade. An especially noteworthy feature of Greece’s entry is that it constitutes the first attempt of integration within the EU of a very dissimilar economy, not only in terms of per capita income, but also of laws and standards governing agriculture and general economic activity. It has been found that membership had a negative impact on the balance of trade, resulting in heavy losses on the income transfers between Greece and the EU. Moreover, accession seems to have significantly affected the internal structure of the Greek economy.

Suggested Citation

  • Mattas, Kostatinos & Tzouvelekas, Vangelis, 1999. "The Impact of EU Membership: Lessons from the Greek Experience," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 52(2), pages 173-189.
    • Handle: RePEc:ris:ecoint:0275
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    More about this item

    Keywords

    Agriculture; European Union; Greece; income transfers; trade balance;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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