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By George N. Yannopoulos

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Emigrants,= I No. 893. I No. 189. 12394. CTfW(HH),_ 1 (82) IM, = MF0 8,1 + Exp. of res. Discr. 568 . 039814. 11 (79) (78) Exp. 6084 No. 585965 Exp. 48 (*) Exp. of res. 005762 . 2447 . 2766. 357. 157439. 003712 . 991 . 083473. 051415. 066809 . 8764. 7 . 89) . 999 . 342 . 19 . 91 + Contrib. 0135363 Unempl. 83 (Welf. All. 052962 . 57 . 512492 . 13949. 202843 . 020116. 059654. 78402. 82 Gov. income from prop. 0561586 . 168 . 99 Comm. Contrib. , ind. SS,t (107) CP1 = G1 + Subsidies1 + Interest on Public Debt1 +Net Current Transfers to HH & pr.

T) 1. 002498. 963173. 0006915. 0467325. 394712. 3727. 2276. 1669 . 1582. 59) (GNPEEC,c,t)3·1622. 7466. 5764. 797. Pr3,Res~Greecc,tl. ,. 800656 . mscR. 99 (87) (86) (85) (83) ExFOs,t = EFOB,t + Exp. of non-residents, I No. emigrants,= I No. 893. I No. 189. 12394. CTfW(HH),_ 1 (82) IM, = MF0 8,1 + Exp. of res. Discr. 568 . 039814. 11 (79) (78) Exp. 6084 No. 585965 Exp. 48 (*) Exp. of res. 005762 . 2447 . 2766. 357. 157439. 003712 . 991 . 083473. 051415. 066809 . 8764. 7 . 89) . 999 . 342 . 19 . 91 + Contrib.

The variable Inflation world is constructed as a weighted average of price variations in Greece's main trading partner countries. THE ECONOMIC EFFECTS OF GREECE'S ACCESSION TO THE EUROPEAN ECONOMIC COMMUNITY DURING THE TRANSITION PERIOD The basic effects, to be considered as exogenous variables or information, have finally been introduced gradually in the model GRACINT. Since this is a non-linear model, simulation results will be produced through an iterative converging procedure. Six projections of a no- Yves van Frausum 35 accession situation have been produced of which we retained one reference run governed by the following hypotheses: • rbonds = 12 per cent • GN PEEc = 2 per cent real growth (yearly) • GN PRest = 3 per cent real growth (yearly) • labour productivity = 2 per cent growth (yearly) • import prices = 9 per cent growth (yearly) • agricultural prices = 11 per cent growth (yearly) • yearly increase in number of tourists= 100000 units.

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