The Relationship Between Greek Exports and Foreign Income

Konstantinos Chisiridis () and Theodore Panagiotidis

Discussion Paper Series from Department of Economics, University of Macedonia

Abstract: This paper assesses the effect of foreign economic activity on Greek exports based on both static and dynamic analysis. We employ data from 1995:I to 2016:IV and quantify the long-run foreign income elasticity of Greek exports. We establish a cointegration relationship and find, based on Dynamic OLS estimations, that the aggregate foreign income elasticity of Greek exports is above one and the price elasticity is positive. We reveal that economic growth in Turkey and in emerging markets such as the Balkans, North Africa and the Middle East have the greatest impact on Greek exports. The impact of the traditional European trading partners of Greece (Germany and Italy) are found to be positive but insignicant. Finally, the dynamic analysis shows a positive interaction between real income growth in Turkey and Greek export growth in the short-run horizon. A real depreciation of the Greek economy will lead to an increase in exports.

Keywords: exports; growth; cointegration; Greece. (search for similar items in EconPapers)
JEL-codes: C22 F41 (search for similar items in EconPapers)
Date: 2018-04, Revised 2018-04
New Economics Papers: this item is included in nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://aphrodite.uom.gr/econwp/pdf/dp032018.pdf
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to aphrodite.uom.gr:80 (A connection attempt failed because the connected party did not properly respond after a period of time, or established connection failed because connected host has failed to respond.)

Related works:
Journal Article: The Relationship Between Greek Exports and Foreign Income (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mcd:mcddps:2018_03

Access Statistics for this paper

More papers in Discussion Paper Series from Department of Economics, University of Macedonia
Bibliographic data for series maintained by Theodore Panagiotidis () and Anastasia Litina ().