The rapid expansion of non-oil goods exports in Greece during the last decade contributed to raising net exports, despite the severe economic crisis the country was undergoing. Nevertheless, the EU’s overall energy consumption exhibited a downward trend that was even stronger in Greece. This...

This paper assesses the effect of financing conditions on exports of goods in Greece during the last decade. Controlling for reverse causality which is feasible with the Johansen multivariate cointegration technique (1988) we have adopted, we estimate a reduced form of exports showing the...

This paper presents empirical evidence supporting the argument that a significant asymmetry exists in the income elasticity of Greek imports. Using multivariate cointegration techniques for the estimation of long-run imports we derive short-run error correction equations that separate income...