Processed Food Trade of Greece with EU and Non-EU Countries: An Empirical Analysis

Pascal Ghazalian

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the implications of the European Union (EU) regional trade preferences for processed food trade between Greece and its EU partners, and between Greece and non-EU countries. The empirical analysis relies on the gravity model, and uses different estimation techniques. The results show that the EU regional trade preferences led to substantial increases in processed food trade between Greece and its EU partners, emphasizing trade creation effects. The magnitudes of these increases are higher than the intra-EU average, and are more pronounced for Greece’s imports than for Greece’s exports. The results also indicate that the EU regional trade preferences brought about decreases in processed food trade between Greece and non-EU countries, implying trade diversion effects. The findings in this paper suggest that the Greek food processing industry would benefit from enhanced production, innovation, and market strategies to expand exports to the EU market and to counter import competition in the domestic market.

Keywords: European Union; food processing; gravity model; Greece; regional trade agreement; trade creation; trade diversion (search for similar items in EconPapers)
JEL-codes: F13 F14 F15 (search for similar items in EconPapers)
Date: 2015-10-05
New Economics Papers: this item is included in nep-agr and nep-int
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Related works:
Journal Article: Processed Food Trade of Greece with EU and Non-EU Countries: An Empirical Analysis (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:67084

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