An Analysis of Investment Activity in the Greek Agricultural Products and Food Manufacturing Sector

Nicholas C. Baltas

The Journal of Economic Asymmetries, 2008, vol. 5, issue 2, 73-80

Abstract: The food and drinks sector occupy first place in Greek manufacturing industry. This paper aims to quantify Greek investors' behavior in processing agricultural products at the sectoral level, to investigate empirically the effectiveness of the EU and national policies concerning investment incentives, by employing a synthesized traditional model. The dynamic model is estimated using alternative panel data methods, GMM and ML. The results are for 1981–1999, for all regions and for nine agricultural sectors. EU and national subsidies exert strong influence on investment decisions. The estimates obtained by ML and GMM are almost identical and there is no evidence for autocorrelation or dynamic misspecification.

Keywords: Q11; Q18; Subsidy; National; EU; Investment; Agricultural products (search for similar items in EconPapers)
Date: 2008
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1703494915303042
Full text for ScienceDirect subscribers only

Related works:
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:eee:joecas:v:5:y:2008:i:2:p:73-80

DOI: 10.1016/j.jeca.2008.02.005

Access Statistics for this article

The Journal of Economic Asymmetries is currently edited by A.G. Malliaris

More articles in The Journal of Economic Asymmetries from Elsevier
Bibliographic data for series maintained by Catherine Liu ().