Trade and Welfare Effects of Common Market Membership: An Ex-post Evaluation for Greece

Theodore A. Georgakopoulos
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Theodore A. Georgakopoulos: University of Athens - Department of Economics, Postal: 76, Patission Str. / GR10434 Athens-Greece, http://www.aueb.gr/

Economia Internazionale / International Economics, 1993, vol. 46, issue 4, 360-376

Abstract: This paper discusses the trade and welfare effects of Greece‘s accession to the EC, placing emphasis on non-tariff protective means. It shows that such measures as the harmonization of indirect taxes, the introduction of the OAP, the abolition of non-tariff protective measures as well as of the extensive export subsidies, have had a far larger impact on trade flows than the completion of tariff alignment. As a result, Greek imports have increased much more than exports and the trade balance has severely deteriorated. Static welfare has however improved since trade creation has dominated trade diversion.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0432

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