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Erscheinungsjahr: 
2019
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[Journal:] German Journal of Agricultural Economics (GJAE) [ISSN:] 2191-4028 [Volume:] 68 [Issue:] 3 [Year:] 2019 [Pages:] 195-216
Verlag: 
Deutscher Fachverlag, Frankfurt a. M.
Zusammenfassung: 
This article examines the evolution of Greek Intra-Industry Trade (IIT) in agri-food products during the period 2002-2016, concentrating on evident changes in IIT shares after the onset of the 2009 Greek debt crisis. The severity of the Greek crisis, which affected the main determinants of IIT, presents a unique opportunity to study producers' reaction and infer on policy targets to assist trade during economic downturns. I concentrate on agricultural and food products, as they have received less attention in the IIT literature and examine IIT through the Grubel-Lloyd index and by separating IIT into Horizontal IIT (HIIT), and high and low-quality Vertical IIT (HVIIT and LVIIT). Results indicate the post-2009 growth of high-quality VIIT exports in products that require a high degree of processing. Panel VAR analysis indicates that negative shocks to GDP have a significant and persistent negative impact on VIIT and HVIIT.
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