Demand for Imported Meat in Greece: A Source-Differentiated Almost Ideal Demand System Approach

Greece is self-sufficient in crop production but it relies heavily on meat and dairy imports. The Greek balance of trade for agricultural products was steadily deficit due to the heavy imports of meat and dairy products. In this study the restricted source differentiated AIDS was employed in order to study the demand of imported meat. The results is indicted that Germany and France have the most to gain from a Greek exit from the financial crisis which it will lead to an expansion in beef and pork market. Moreover, the results indicate that in the pork market Germany and France has a comparative advantage to Denmark and Netherlands.