The analysis given here presents the lagal framwork for competition policy in Greece. Over the last twenty years various competition policy previsions have appeared. Greece, however, has yet to achieve an effective competition policy.

Structural weaknesses of the real Cyprus economy, according to recent data of her five year development plans place her in the objective one EU members i.e. island and peripheral region. In this respect Cyprus could benefit primarily from the EU Structural Funds and Community initiatives at a...

Global warming is expected to increase global mean temperature by 1.5 degree to 4.5 degrees sometime between 2030 et 2010, resulting in changes in the patterns of precipitation, a rise in the sea level, increased natural hazards, and other significant impacts. In this paper, I discuss the major...

In this paper we look at the behavior of physical depreciation over the business cycle. We do so within the context of a real business cycle model where the decisions of firms about physical capital utilization, maintenance, improvement and scrapping are endogenous. The model encompasses the...

This paper tests the so called "intensification hypothesis" for EU agriculture based on a panel data over the period 1961-1994. The empirical results indicate the acceptance of this hypothesis for all countries, except Portugal. Nevertheless, on statistical grounds, the intensification...

The purpose of this paper is threfold: first, to empirically investigate the cost-structure of railway systems in the ten European Countries of the European Union. second to provide measures of economies (diseconomies) of scale and fully investigate the manner by which economies of scale have...

The paper develops a two-good, small country, general equilibrium trade model with endogenous labour supply, where trade is restricted by a tariff or an import quota. Within this framework, it is shown that, contrary to Anam (1989), under an import quota domestic and world prices may vary in the...

This paper investigates whether compliance with sectoral wages, or "underground" wages (i.e. equilibrium wages lower than the, officially minimum, sectoral ones), may emerge endogenously in industries with market power. Wage bargaining is centralized and it is conducted by large-scale efficient...

The unemployment rate in Greece rose from a mere 2.2% in the 1970s to 6.4% in the 1980s and 10% approximately in the mid-1990s. Currently, it gravitates around that level. In this paper we present the stylized facts of unemployment in Greece and examine the causes of its abrupt increse in the...

Two approaches to the theory of OCA are distinguished in this paper. The first attempts to define the OCA from the point of view of a single country, and the second examines the optimality of a currency area of a given size anf membership. The present paper after reviewing the drawbacks of the...