EU Accession Effects on the Demand for Manufactures: the Case of Greece

Minoas Koukouritakis (m.koukouritakis@uoc.gr)

No 506, Working Papers from University of Crete, Department of Economics

Abstract: This paper analyzes the demand for manufactures in Greece and estimates the effects from the EU accession. An error correction specification of the Almost Ideal Demand System has been used. This formulation performs well on theoretical grounds, as the restrictions that are imposed by the demand theory are supported by the data provided. The results indicate that the domestic sales of manufactures are substitutes with imports from the EU and the rest of the world. Using the residuals approach, it is found that after the EU accession, imports from both sources substituted for a large part of the domestic sales.

Keywords: Elasticities; Error correction Almost Ideal Demand System; EU accession (search for similar items in EconPapers)
JEL-codes: C30 F13 F15 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2005
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Citations: View citations in EconPapers (3)

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Journal Article: EU Accession Effects on the Demand for Manufactures: the Case of Greece (2005)
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