A study of the Greek trade deficit in forest products. Current conditions and prospects
Abstract
The forest products trade deficit in Greece is a characteristic of the national forest sector over time. Greek imports of forest products are more than exports in order to cover domestic consumption. However, since its accession to the EU in 2001 Greece has not exploited all the advantages provided by the euro. The deficit in Greece has continued to increase because of growing imports, while average Europe countries have converted this to a surplus. Greece should aim to reduce this trend by decreasing imports, increasing exports or both. The present paper describes this deficit over time and proposes a forecasting model that could reduce the deficit using three possible scenarios. The model’s theoretical and practical contribution is that policymakers can use it as tool to calculate the future forest products deficit.
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