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
There are 2 versions of this paper
The Trade Balance of Greece in the Euro Era
The Trade Balance of Greece in the Euro Era
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: Suggested Citation