Intra Industry Trade in Agricultural and Food Products: The Case of Greece prior and during the Debt Crisis

Dimitrios Dadakas

German Journal of Agricultural Economics, 2019, vol. 68, issue 3

Abstract: This article examines the evolution of Greek Intra-Industry Trade (IIT) in agri-food products during the period 2002-2016, concentrating on evident changes in IIT shares after the onset of the 2009 Greek debt crisis. The severity of the Greek crisis, which affected the main determinants of IIT, presents a unique opportunity to study producers’ reaction and infer on policy targets to assist trade during economic downturns. I concentrate on agricultural and food products, as they have received less attention in the IIT literature and examine IIT through the Grubel-Lloyd index and by separating IIT into Horizontal IIT (HIIT), and high and low-quality Vertical IIT (HVIIT and LVIIT). Results indicate the post-2009 growth of high-quality VIIT exports in products that require a high degree of processing. Panel VAR analysis indicates that negative shocks to GDP have a significant and persistent negative impact on VIIT and HVIIT.

Keywords: Agribusiness; Agricultural and Food Policy; International Relations/Trade (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:gjagec:319820

DOI: 10.22004/ag.econ.319820

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