The static economic effects of Greece's entry into the EEC: The case of olive oilA cost-benefit analysis

S. M. Theophanides

European Review of Agricultural Economics, 1979, vol. 6, issue 1, 81-90

Abstract: This paper presents a cost-benefit analysis model for the estimation of the net transfer of foreign exchange from the EEC to Greece resulting from the application of the Common Agricultural Policy provisions on olive oil. Assuming an annual production volume of 200,000–250,000 tons of olive oil, the annual net inflow of foreign exchange to Greece will be 80–100 million European units of account. The integration of Greece into the EEC will have positive effects on the re-allocation of resources, on the stabilization of the olive oil sector and on income redistribution.

Date: 1979
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