The Trade Balance of Greece in the Euro Era

South - Eastern Europe Journal of Economics 2 (2013) 187-216

30 Pages Posted: 23 Nov 2013

See all articles by Giorgos Magoulios

Giorgos Magoulios

Technological Education Institute (TEI) of Central Macedonia, Greece.

Stergios Athianos

International Hellenic University

Multiple version iconThere are 2 versions of this paper

Date Written: November 21, 2013

Abstract

The current article examines the trade balance of Greece in the Euro era, in general, and in particular within the Member States of the Euro Zone (EZ). It was found that in the Euro-era, the Greek trade balance has deteriorated in general and particularly within the Member States of the EZ, while losses in competitiveness of the Greek economy have been observed. The structure of production and foreign trade affect the trade deficit and competitiveness of the Greek economy. Moreover, the more rapid rates of inflation in Greece, compared with its trading partners, led to a revaluation of the real exchange rate in the country, affecting its export performance.

Keywords: trade balance, Greece, Euro Zone

JEL Classification: F14

Suggested Citation

Magoulios, Giorgos and Athianos, Stergios, The Trade Balance of Greece in the Euro Era (November 21, 2013). South - Eastern Europe Journal of Economics 2 (2013) 187-216, Available at SSRN: https://ssrn.com/abstract=2358050 or http://dx.doi.org/10.2139/ssrn.2358050

Giorgos Magoulios (Contact Author)

Technological Education Institute (TEI) of Central Macedonia, Greece. ( email )

TEI of Serres, Terma Magnesias
Serres, 62124
Greece

Stergios Athianos

International Hellenic University ( email )

Depatrment of Economics, Serres, Terma Magnesias
Serres, 62124
Greece

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