David and Goliath: An Investigation Between Greece–Germany Bilateral Trade for Agricultural Products

Achilleas Kontogeorgos and Fotios Chatzitheodoridis

A chapter in Global, Regional and Local Perspectives on the Economies of Southeastern Europe, 2021, pp 33-52 from Springer

Abstract: Abstract This paper investigates the factors that affect the bilateral trade between Greece and Germany for specific agricultural products (Meat and meat preparations, Dairy products and eggs, Fish and fish preparations, Cereals and cereal preparations and Fruit and vegetables). Data was collected through the COMTRADE database for the period 1992–2017. An analysis of the trade flows is made for the two countries. In addition, an augmented gravity model was used to estimate the factors that affect the bilateral trade. The analysis incorporates the cost of trade between the two countries instead of the geographic distance that is usually used in the gravity model. The results showed that the GDP of both countries has a positive effect on the trade flow. Trade costs appear to have a negative effect on trade flows in sectors where the country has a competitive advantage. The paper aims to quantify trade flows and facilitate this way researchers and policymakers to address practical issues and questions when analyzing trade policies between economic giants and smaller trade partners.

Keywords: Greece; Germany; Bilateral trade; Agricultural products; Gravity model (search for similar items in EconPapers)
JEL-codes: F11 F13 F19 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-57953-1_3

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DOI: 10.1007/978-3-030-57953-1_3

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