Article

 

THE BILATERAL TRADE BETWEEN HUNGARY AND GREECE: SOME COMPARISONS OF BASIC FOREIGN TRADE INDICES OF THE 1981 - 89 AND 1990 - 94 PERIODS 
 
by
 
Dimitris Kyrkilis, University of Macedonia
Evangelos Nikolaidis, University of Crete
 
JEL classification : F190
 
Abstract
The aim of this paper is to investigate the bilateral trade between Greece and Hungary. The paper explorers the intertemporary evolution of trade floes between the two countries since 1981 in both the aggregate and sectoral level. It focuses on the issue of whether or not the bilateral trade shows any specialization different from the international specialization of both countries, and it points out products and sectors of particular competitiveness in the bilateral exchanges. Finally, attention is paid in quantitative and qualitative changes accruing after 1989 that may provide some insight on the future of bilateral trade relations. The results show that bilateral exchanges play a minimal role in total international trade for Greece. Both imports and exports are highly concentrated in a limited number of sectors. The pattern of this concentration differs between exports and imports.