This paper attempts to estimate the supply response for wheat production in Greek agriculture. In our analysis we use the rigorous cointegration and the error correction method, as it is superior to the generally used Nerlovian partial-adjustment model. Since wheat is one of the most important...

GIANNIAS D., LIARGOVAS P. and MANOLAS G. (1999) Quality of life indices for analysing convergence in the European Union, Reg. Studies 33 , 27-35. This paper investigates convergence and tests it empirically across countries of the European Union between 1970 and 1990. Convergence is defined not...

Greece has over the years allocated substantial human and material resources to defence. Its defence burden (i.e. military expenditure as a share of GDP) has invariably been substantially higher than the EU and NATO averages. Furthermore, during the post-bipolar period, when the defence budgets...

This paper attempts to estimate the potential output of the agricultural sector of the Greek economy and then to produce medium-term projections for it. The Hodrick-Prescott filter and the "production function" approach using cointegration techniques are used to estimate the potential...

Small and Medium sized Enterprises (SMEs) have a crucial role in the economies of both the developed and developing countries. In the OECD area, the share of SMEs to total employment is between 40 and 80 percent, while their share to GDP is between 30 and 70 percent. Poland, as a country in...