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A note on the impact of EU accession on capital mobility in the case of Greece

Christos Kollias, Nikolaos Mylonidis () and Suzanna-Maria Paleologou
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Suzanna-Maria Paleologou: Department of Economics, University of Ioannina

Ekonomia, 2005, vol. 8, issue 2, 185-193

Abstract: In Greek economic history EU accession represents a major milestone. Among other effects, it has acted as a catalyst for the country’s integration in the international economy. This paper investigates whether this can find a modicum of empirical verification in the case of capital mobility and the economy’s links with the international capital markets. It does so by examining the saving-investment correlation using both the ARDL bounds testing procedure and Kalman filter methodology. The tests cover the period 1962-2002, as well as sub-periods, and the results obtained suggests that EU membership has positively impacted capital mobility in the case of Greece.

JEL-codes: C22 F41 (search for similar items in EconPapers)
Date: 2005
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Handle: RePEc:ekn:ekonom:v:8:y:2005:i:2:p:185-193