IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v32y2000i2p151-159.html
   My bibliography  Save this article

EU participation and the external trade of Greece: an appraisal of the evidence

Author

Listed:
  • Michael Arghyrou

Abstract

This paper investigates the trade effects caused by the accession of Greece to the EU. A large part of the analysis is in terms of trade flows disaggregated by the 21 categories of the Greek Tariff Schedule. These series are original data sets which have been constructed by the author to be used here for the first time. The main message is that after 1981 events took a turn closer to the pessimistic pre-accession predictions. Our findings indicate that during the post-integration period the external trade of Greece has been reoriented towards the EU countries and Greece lost part of its comparative advantage in those sectors in which such an advantage exists. We also suggest that as far as imports are concerned, EU participation has caused gross trade creation for imports from the EU countries and gross trade diversion for imports from the Rest of the World. As far as exports are concerned, the results indicate that EU participation has caused only a modest increase in Greek exports to the EU market.

Suggested Citation

  • 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.
  • Handle: RePEc:taf:applec:v:32:y:2000:i:2:p:151-159
    DOI: 10.1080/000368400322840
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/000368400322840
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/000368400322840?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Ali M. El-Agraa, 1989. "The Theory and Measurement of International Economic Integration," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-10203-7, March.
    2. Ali M. El-Agraa, 1989. "International Economic Integration," Palgrave Macmillan Books, in: International Trade, chapter 11, pages 151-193, Palgrave Macmillan.
    3. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Irena Lacka & Janusz Myszczyszyn & Sylwia Golab & Beata Bedzik & Blazej Supron, 2020. "Correlation between the Level of Economic Growth and Foreign Trade: The Case of the V4 Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 657-678.
    2. 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.
    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. Oltheten, Elisabeth & Pinteris, George & Sougiannis, Theodore, 2003. "Greece in the European Union: policy lessons from two decades of membership," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(5), pages 774-806.
    5. 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.
    6. Farha Fatema & Mohammad Monirul Islam, 2020. "Driving Forces of Marine Fisheries and Seafood Export of Bangladesh: Augmented Gravity Model Approach," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 8(2), pages 106-122, June.
    7. Hajra Manzoor & Parvez Ahmad Mir, 2023. "General Equilibrium Trade Policy Analysis among One Belt One Road Nations Using Structural Gravity Framework," Foreign Trade Review, , vol. 58(4), pages 484-503, November.
    8. Minoas Koukouritakis, 2003. "Trade Effects due to the EU Accession: The case of Greece," University of Cyprus Working Papers in Economics 5-2003, University of Cyprus Department of Economics.
    9. 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.
    10. Minoas Koukouritakis, 2003. "EU Accession Effects on Imports of Manufactures: The case of Greece," University of Cyprus Working Papers in Economics 2-2003, University of Cyprus Department of Economics.
    11. Iannis A. Mourmouras & Michael G. Arghyrou, 1999. "Monetary Policy at the European Periphery. Greek Experience and Lessons for Transition Economies," CERT Discussion Papers 9910, Centre for Economic Reform and Transformation, Heriot Watt University.
    12. Minoas Koukouritakis, 2006. "EU Accession Effects on Export Prformance: 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. 4(2), pages 147-166.
    13. Ewa Cieślik, 2019. "Looking for the sectoral interdependence: evidence from the Visegrad countries and China," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(4), pages 2041-2062, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lewis, Jeffrey D. & Robinson, Sherman & Wang, Zhi, 1995. "Beyond the Uruguay Round: The implications of an Asian free trade area," China Economic Review, Elsevier, vol. 6(1), pages 35-90.
    2. Peter Moser, 1997. "Reasons for regional integration agreements," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 32(5), pages 225-229, September.
    3. Alina Fedosova, 2015. "Positive and Negative Factors in International Electricity Integration," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 782-790.
    4. D M Hanink & R G Cromley, 1993. "Univariate Classification of Differentiated International Markets," Environment and Planning A, , vol. 25(3), pages 409-424, March.
    5. Axel Borrmann & Georg Koopmann, 1994. "Regionalisation and regionalism in world trade," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 29(4), pages 163-170, July.
    6. Donghyun Park, 2007. "The Prospects of the ASEAN–China Free Trade Area (ACFTA): A Qualitative Overview," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 12(4), pages 485-503.
    7. Hinojosa-Ojeda, Raul A. & Robinson, Sherman & De Paolis, Fernando, 1999. "Regional integration among the unequal: a CGE model of NAFTA and the Central American republics," The North American Journal of Economics and Finance, Elsevier, vol. 10(1), pages 235-292.
    8. Iannis A. Mourmouras & Michael G. Arghyrou, 1999. "Monetary Policy at the European Periphery. Greek Experience and Lessons for Transition Economies," CERT Discussion Papers 9910, Centre for Economic Reform and Transformation, Heriot Watt University.
    9. 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.
    10. Hajra Manzoor & Parvez Ahmad Mir, 2023. "General Equilibrium Trade Policy Analysis among One Belt One Road Nations Using Structural Gravity Framework," Foreign Trade Review, , vol. 58(4), pages 484-503, November.
    11. 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.
    12. Minoas Koukouritakis, 2003. "EU Accession Effects on Imports of Manufactures: The case of Greece," University of Cyprus Working Papers in Economics 2-2003, University of Cyprus Department of Economics.
    13. Ewa Cieślik, 2019. "Looking for the sectoral interdependence: evidence from the Visegrad countries and China," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(4), pages 2041-2062, July.
    14. Minoas Koukouritakis, 2006. "EU Accession Effects on Export Prformance: 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. 4(2), pages 147-166.
    15. Oltheten, Elisabeth & Pinteris, George & Sougiannis, Theodore, 2003. "Greece in the European Union: policy lessons from two decades of membership," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(5), pages 774-806.
    16. Minoas Koukouritakis, 2003. "Trade Effects due to the EU Accession: The case of Greece," University of Cyprus Working Papers in Economics 5-2003, University of Cyprus Department of Economics.
    17. Joseph M. Perry & Louis A. Woods & Jeffrey W. Steagall, 1993. "Hemispheric Trade Alignments and the Trade Options for Post-transition Cuba," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 3.
    18. Farha Fatema & Mohammad Monirul Islam, 2020. "Driving Forces of Marine Fisheries and Seafood Export of Bangladesh: Augmented Gravity Model Approach," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 8(2), pages 106-122, June.
    19. Irena Lacka & Janusz Myszczyszyn & Sylwia Golab & Beata Bedzik & Blazej Supron, 2020. "Correlation between the Level of Economic Growth and Foreign Trade: The Case of the V4 Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 657-678.
    20. 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.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:32:y:2000:i:2:p:151-159. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.