Greece's potential trade flows: A gravity model approach

被引：18

作者：

Papazoglou C. ^{[1
,2
]}

机构：

[1] Economic Research Department, Bank of Greece, GR 102 50 Athens

[2] Department of International and European Studies, Panteion University, GR 176 71 Athens

来源：

International Advances in Economic Research | 2007年 / 13卷 / 4期

关键词：

Actual and potential trade patterns; Gravity model; Greek trade;

D O I：

10.1007/s11294-007-9107-x

中图分类号：

学科分类号：

摘要：

This paper attempts to access whether Greece's low openness is a reflection of its low trade integration primarily as a result of the country's relatively poor goods export performance. The analysis estimates potential trade flows for Greece through a gravity model using a panel of cross-country data, which cover bilateral trade flows concerning the EU member states. These flows are then derived by applying the estimated parameters to the Greek economy. The results show that actual Greek exports fall short of potential ones, while the opposite is true with respect to imports. This becomes more profound when the extent of intra-industry trade is included in the analysis. The findings for the Greek exports differ considerably from the corresponding ones for Portugal, a country with similar characteristics, manifesting the limited convergence of Greece's trade patterns towards the EU average as well as its unique geographical location relatively to the other EU countries. © International Atlantic Economic Society 2007.

引用

页码：403 / 414

页数：11

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