At the list below, click a name to view some of the publications of
our members
"Monetary-Policy Games and International Migration of Labour in a Small Open Economy". Review of International Economics, forthcoming 2000.
"Macroeconomic Equilibrium with Illegal Immigration", (with A.Zervoyianni). Journal of Economic Modelling, forthcoming 2000.
"Open Economies, Insider Power and International Migration", Journal of Economic Integration, 14(1), pp13-36, March 1999.
The Macroeconomics of Open Economies Under Labour Mobility, August 1999,Ashgate Publishing Limited, Hampshire, UK
"Monetary-Policy Games and International Migration of Labour in Interdependent
Economies", Journal of Macroeconomics, Vol. 20, Number 2,
pp.243-266, Spring 1998.
An Empirical Analysis of a Reaction-Function Approach to Policymaking in Greece during 1975-1993, European Research Studies, forthcoming 1999-2000.
Exchange Rate Determination: Evidence from Intertemporal Asset Pricing and a Structural VAR Model for Three Currencies, Spoudai Quarterly Journal, 1999.
Does Inflation Uncertainty Matter in Foreign Direct Investment Decisions? An Empirical Investigation for Portugal, Spain and Greece, Rivista Internazionale and Scienze Economiche & Commerciali, forthcoming.
Forecasting Stock Prices from Macroeconomic Fundamentals: Further Evidence from an Error Correction Model, Advances in Quantitative Analysis of Finance and Accounting, Vol. 7, Jai Press Inc., Stamford, Connecticut, 1999.
Money Supply, Consumption and Deregulation: The
Case of Greece (with Dr C. Velentzas and Dr E. Varelas), Applied Economics
Letters, 1998.
Keynesian Economic Policies for the New Millennium (with M.C. Sawyer), Economic Journal, 108(446), January 1998.
Financial Development and Economic Growth: Assessing the Evidence (with P.O. Demetriades), Economic Journal, 107(442), May 1997.
Theoretical Reflections on Endogenous Money: The Problem with “Convenience Lending” (with Peter Howells), Cambridge Journal of Economics, 10(1), September 1996.
Post-Keynesian Economics: Towards Coherence, Cambridge Journal of Economics, 20, January 1996.
Conflict, Wage Relativities and Hysteresis in
UK Wages Determination (with P. Skott), Journal of Post Keynesian Economics,
15(3), Spring, 1993.
Causal relationship between public and expenditure, public receipts and Gross Domestic Product: Greece 1965-95, Applied Economics Letters Vol. l5, 11 1998 pp727-731.
EU participation and the External trade of Greece:
an appraisal of the evidence, Applied Economics forthcoming 1999.
Testing the Convergence Hypothesis for Greece (with C. Siriopoulos), Managerial and Decision Economics, Vol. 18, No. 5, pp. 383-389 (1997).
Testing for Convergence Across the Greek Regions (with C. Siriopoulos), Regional Studies, 32(6), (1998) pp. 537-546.
Convergence or Dualism: The Case of Greek Regions (with C. Siriopoulos), Briefing Notes in Economics, No. 33, March 1998.
Political Risk and Athens Stock Exchange (with C. Siriopoulos), Quarterly Bulletin of Greek Banks Association, 3rd Quarter 1997, No. 11, pp. 54-58.
Political Uncertainty and Stock Market Fluctuations
(with C. Siriopoulos). In C. Zopounidis and J. G. Vazquez (eds) Managing
in Uncertainty, (1997) pp. 181-186, Kluwer Academic Publishers.
Law and Economics: For Economists, Lawyers and Managers, US:Malden, Blackwell, 1999.
The Law and Economics of Dismissal Regulation – A comparative analysis of the US and UK systems in R. van den Bergh, et al (eds), Law and Economics in the Labour Market, UK: Cheltenhan, Edward Elgar, 1999.
Safety Culture: A concept too many? (with C. Woolfson), Health and Safety Practitioner, UK: ABC Press, Vol. 17, No.1, pp18-19, 1999.
Problems facing home helps in Glasgow (with J. Scanlan and C. Woolfson), Glasgow:GMB, 1998.
The Regulation of Safety: Benefit or Burden (with
C. Woolfson), Environmental Health Scotland, Vol. 10, No. 3, pp3-6.
Allocation of Investment in a New Market Economy (with Prof. T. Bandyopadhyay), Journal of International Trade and Economic Development, Vol. 6, No. 3, 1997, 359-75.
Decision-making under Uncertainty, London: Macmillan, 1997.
Weak Axiom of Independence and Non-expected Utility Theory in Economic Theory, Trade and Quantitative Economics (eds. A. Banerjee and B. Chatterjee), Calcutta: Calcutta University Press, 1996.
Global Univalence when Functions are not Necessarily Continuous (with Prof. T. Bandyopadhyay), Journal of Mathematical Economics, Vol. 23, 1994, 435-50.
Efficiency and Consistency in Group Decisions,
Public Choice, Vol. 80, 1994, 23-34.
Resource Management and the mayor’s guarantee in French water allocation (with G. Mondello), Environmental and Resource Economics, (forthcoming).
Political risk in Hong Kong and Taiwan: Pricing the China factor, Journal of Economic Integration, 13, No.2, (1998) pp278-293.
Wealth, prudence and political risk: A theory of cross border capital flows (with O. Jokung), Review of International Economics, 6, no. 3, (1998).
Managing Risk in International Business: Techniques and Applications (with Bernard Marois), London: International Thomson Business Press, June 1996.
International Finance (with M. Levasseur and P.
Rousseau), London:Chapman & Hall, 1993.
Voluntary Transfers among Italian Households: Altruistic and Non-altruistic Explanations (with Giannelli, Gianna C; Rosati, Furio C) Structural Change & Economic Dynamics. Vol. 9 (4).p 435-51. December 1998.
Fertility Decisions When Infant Survival Is Endogenous, Journal of Population Economics. Vol. 11 (1). p 21-28. February 1998
Rise and Fall of the Japanese Saving Rate: The Role of Social Security and Intra-family Transfers. (with Rosati, Furio Camillio).. Japan & the World Economy. Vol. 9 (1). p 81-92 Expenditures, and Empirical Consumption and Savings. March 1997.
Jointly Determined Saving and Fertility Behaviour: Theory, and Estimates for Germany, Italy, UK and USA. ( with Rosati, Furio C) European Economic Review. Vol. 40 (8). p 1561-89. November 1996.
Public Pensions with Endogenous Fertility: Comment,
Journal of Public Economics. Vol. 57 (1). p 169-73. May 1995.
Short Run Real Exchange Rate Dynamics (with A.M. Fuertes), The Manchester School, Forthcoming 2000.
Saving, Investment and Capital Mobility in LDCs (with F. Hasan and R. Smith) Review of International Economics 7, Forthcoming 1999.
The Feldstein-Horioka Puzzle and Capital Mobility: A Review (with F. Kulasi and R. Smith), International Journal of Finance and Economics,3, 169-188, 1998.
The Co-integration of Long Run Saving and Investment (with F. Kulasi), Economic Letters, 54, 1-6, 1997.
Current Account Solvency and the Feldstein-Horioka
Puzzle (with F. Kulasi and R. Smith), Economic Journal, 106, 620-627, 1996.
Infrastructure, Transport Costs and Trade (with S. Bougheas and E. Morgenroth), Journal of International Economics, forthcoming, 1998.
Productivity and Financial Sector Policies: Evidence from South East Asia (with M. Devereux and K. Luintel), Journal of Economic Behaviour and Organisation, Vol. 35, No. 1, March 1998, 61-82.
The Direct Costs of Financial Repression: Evidence from India (with K. Luintel), The Review of Economics and Statistics, May 1997, 311-320.
Financial Development and Economic Growth: Assessing the Evidence (with P. Arestis, The Economic Journal, Vol. 107, May 1997, 783-799.
Does Financial Development Cause Economic Growth:
Time Series Evidence from 16 Countries (with K. Hussein), Journal of Development
Economics, Vol. 51, No 2, December 1996, 387-411.
Non-parametric Co-integration Analysis of Real Exchange Rates (with J. Coakley), Applied Financial Economics, forthcoming 1999.
Short Run Real Exchange Rate Dynamics (with J. Coakley), Manchester School, forthcoming 1999.
Asymmetric Dynamics in UK Real Interest Rates (with J. Coakley), Birkbeck College Discussion Paper 12/99.
New Panel Unit Root Tests of PPP (with J. Coakley), Economics Letters, 57, 17-22, 1997.
TAR models of European Real Exchange Rates (with
J. Coakley), Birkbeck College Discussion Paper 20/97
Scarring: The Psychological Impact of Past Unemployment, (with A. Clark and P. Sanfey), Economica, 2000 (forthcoming).
Who are the Self-Employed? (with H.J. Wall), Federal Reserve Bank of St. Louis Review, 2000, forthcoming.
What Makes a Region Entepreneurial? Evidence from Britain (with H.J. Wall), Annals of Regional Science, 2000, 34(3), 385-403.
Entrepreneurial Action, Innovation and Business Performance: the Small Independent Business, (with P. Joyce and A. Woods), The Journal of Small Business and Enterprise Development, 2000, 7(1), 7-17.
The Effects of Divorce Cost on Marriage Formation and Dissolution, (with S. Bougheas), Journal of Population Economics, 1999, 12(3) 489-498.
Job Satisfaction, Wage Changes and Quits: Evidence from Germany (with A. Clark and P. Sanfey), Research in Labor Economics, 1998, 17, 95-121.
The effect of further training on wage growth in West Germany: 1984-1992 (with T. Lange), Scottish Journal of Political Economy, 1997, 44(2), 165-81.
Duration of first marriage: Does pre-marital cohabitation
matter?, Applied Economic Letters, 1996, 3, 217-19.
Trade Liberalisation and Economic Development: The Asian Experience--Turkey, Malaysia and India.. Trade and development: Essays in honour of Jagdish Bhagwati (With Utkulu, Utku). Balasubramanyam, V. N. Greenaway, D., (eds), Macmillan 1996.
Budgetary Deficits and Ricardian Equivalence: The Case of India, 1950-1986. (With Ghatak, Anita). Journal of Public Economics. Vol. 60 (2). p 267-82. May 1996.
Export Composition and Economic Growth: Cointegration and Causality Evidence for India (with Wheatley Price, Stephen). Review of World Economics. Vol. 133 (3). P.538-53. 1997.
Linkages and Industrial Policy for Eastern Europe (with Roberts, Barbara M.) International Review of Applied Economics. Vol. 11 (1). p 91-104. January 1997.
Migration Theories and Evidence: An Assessment.
(with Levine, Paul; Price, Stephen Wheatley, Journal of Economic Surveys.
Vol. 10 (2). p 159-98. June 1996.
Estimating Exact Hedonic Indexes: An Application to UK Television Sets. (with Silver, Mick.) Journal of Economics-Zeitschrift fur Nationalokonomie. Vol. 69 (1). p 71-94, 1999.
Inflation: Too Much Money or Too Much Credit? (With Matthews, Kent) The Manchester School of Economic & Social Studies. Vol. 65 (4). p 411-26. September 1997.
Erratum to "On the Relationship between Aggregate Merger Activity and the Stock Market: Some Further Empirical Evidence." (with Clarke, Roger); Economics Letters. Vol. 55 (2). p 301. August 1997.
On the Relationship between Aggregate Merger Activity and the Stock Market: Some Further Empirical Evidence. Economics Letters. Vol. 53 (3). p 349-56. December 1996.
Inflation, Relative Prices and Their Skewness.(with
Silver, Mick;) Applied Economics. Vol. 28 (5). p 577-84. May 1996.
Taxes and Growth: Testing the Neoclassical and Endogenous Growth Models, Contemporary Economic Policy, Vol.17, No.2, April 1999,177-188..
Openness and the Effects of Monetary Policy, Journal of International Money and Finance, Vol.18, No.1, February 1999, 13-26.
On the Asymmetric Effects of Money-Supply Shocks: International Evidence from a Panel of OECD Countries (with Houston Stokes), Applied Economics, Vol.31, No.2, February 1999, 227-235.
Liquidity Constraints and the Substitutability Between Private and Government Consumption: The Role of Military and Non-Military Spending (with Paul Evans), Economic Inquiry, Vol.XXXVI, No.2, April 1998, 203-214.
Economic Integration and Convergence: Lessons
from Asia, Europe, and Latin America, Journal of Economic Integration,
Vol.12, No.4, December 1997, 419-432.
Modelling the A$/US$ Exchange Rate Using Cointegration Techniques (with T. Phipps), Review of International Economics (forthcoming, May 1999).
Searching for Indicators of Foreign Exchange Market Pressure: Evidence from Greece (with D. Moschos), International Journal of Finance ane Economics, 4, 63-67.
On the Stability of the Demand for Money in Greece: Further Analysis (with M. Sidiropoulos), Applied Economics Letters (forthcoming, 1999).
Testing the Credibility of Stabilisation Programs: Evidence form Greece (with M. Sidiropoulos and J. Trabelsi), International Journal of Finance and Economics, (forthcoming, 1999).
Euro and Drachma: Fixed or Flexible Partnership?,
European Union Review, (forthcoming, 1999).
The Stock market perception of industry risk through the use of a multifactor model (with S. Marcoulis), The International Journal of Transport Economics, February 2000.
The stock market perception of industry risk and macroeconomic factors: the case of the US water transportation industry versus other transport industries (with S. Marcoulis), International Journal of Maritime Economics, Vol.1, No.4, 1999.
The forward pricing function of the shipping freight futures market (with N.Nomikos), The Journal of Futures Markets, Vol. 19:3, pp353-376, 1999.
Price limits and the stock market volatility in the Athens Stock Exchange (with K. Phylaktis and G. Manalis), European Financial Management, Vol.5, pp69-84, March 1999.
The dynamics of time-varying volatilities in different size second-hand ship prices of the dry-cargo sector, Applied Economics, 1997, 29, p433-443.
Testing the efficient market hypothesis using
panel data, with application to the Athens stock exchange (with E. Dockery),
Applied Economic Letters, February 1996, Vol. 3, Issue 2, p121-123.
(with Doukas, John and Wihlborg), Financial sector reform and privatization in transition economies, Advances in Finance, Investment and Banking, vol. 7. Amsterdam; New York and Oxford: Elsevier Science, North-Holland. p xxi, 342. 1998.
The Effect of Financial Liberalization on Capital Flight in African Economies (with Lensink, Robert; Hermes, Niels), World Development, Vol. 26 (7), p 1349-68, July 1998.
Development banking and finance. Aldershot, U.K.; Brookfield, Vt. and Sydney: Ashgate, Avebury. p xvi, 458, 1996.
Trade regime and economic growth (with Chanthunya, Charles L). Aldershot, U.K.; Brookfield, Vt. and Sydney: Ashgate. p xvii, 248. 1998.
Modelling the Macroeconomic Policy Framework for
an Emerging Market Economy (with Green, Christopher J). The Manchester
School of Economic & Social Studies, Vol. 66 (3), p 302-30, June
1998.
Unemployment Fluctuations in the UK: 1958-1992 (with T.C. Mills and A. Zervoyanni), Applied Economics Letters, vol. 4, no. 4, April 1997.
De Finetti, Friedman and the Methodology of Positive Economics, Journal of Econometrics, vol. 75, No. 1, November 1996.
Cyclical Unemployment and Sectoral Shifts: Further Tests of the Lilien Hypothesis for the UK (with T.C. Mills and A. Zervoyanni), Economic Letters, Vol. 52, No. 1, July 1996.
Unemployment Fluctuations in the U.S.: Further
Tests of the Sectoral-Shifts Hypothesis (with T.C. Mills and A. Zervoyanni),
Review of Economics and Statistics, vol. LXXVII, No. 2, May 1995.
Tax Reform and Progressivity (with M. Keen and A. Shorrocks), Economic Journal, forthcoming.
Inflation and Stabilisation in Albania (with S. Haderi, P. Sanfey and M Talka), Post-Communist Economics, Vol. 11, No. 1, January 1999.
The Distributional Superiority of Tax Credits (with S. Delipalla), International Conference on Combinatorics, Information Theory and Statistics, Conference Proceedings, Vol. 1, 301-314, Portland, Maine, USA, July 1997 and in Contributions to Economic Analysis, North Holland, forthcoming.
Job Creation and Temporary Emigration: The Albanian Experience (with A. Mancellari and P.Sanfey), The Economics of Transition, Vol. 4(2), 471-490, December 1996.
Microsimulation Modelling of Tax-Benefit Policies
in Greece, OECD, Microsimulation of Taxes and Benefits, Document 14, 1-53,
Paris, January 1996.
Regional Trade Blocs: ASEAN and EU Trade Relations (with W.A. Kerr and M. Yeung), Edward Elgar, Cheltenham, forthcoming.
Wagners Law and Public Expenditure in Iraq: Further thoughts using disaggregated data, Applied Economics Letters, forthcoming.
Trade Theories and Empirical Evidence (with W.A. Kerr), Manchester University Press, Manchester, 1998.
Quantifying Cyprus’ trade with the UK, EEC and the Middle East (with A.A. Aseery and N. Hadjiyannis), The Middle East Business and Economic Review, Vol. 6, No. 2, pp27-36, 1994.
The Economics of International Business (with
W.A. Kerr), Chapman and Hall, London, 1995.
Coupon-Advertising under Imperfect Price Information (with J. L. Moraga), Journal of Economics and Management Strategy (forthcoming).
Quantity Restrictions and Endogenous Quality Choice (with I. Herguera, and P. Kujal), 1999, International Journal of Industrial Organization (forthcoming).
Cost Reducing Investment, Competition and Industry Dynamics (with S. Roy), International Economic Review (forthcoming).
Environmental Consciousness and Moral Hazard in International Agreements to Protect the Environment (with A. Xepapadeas), Journal of Public Economics, 1996:60(1), 95-110.
The Learning Curve in a Competitive Industry (with
E. Rasmusen, and S. Roy), 1997, Rand Journal of Economics, 28(2), 248-68.
International Finance, Macmillan 1998
Finance, Financial Markets, Macmillan 1998
Exchange Rate Models and Exchange Rate Expectations: An Empirical Investigation, 1995, Applied Economics, vol. 27, 1009-1016.
The Profitability of Trading in the Foreign Exchange Market, 1995, Oxford Economic Papers, vol. 47, no. 2, pp437-52.
Chartists, Fundamentalists and Simpletons: An
analysis of alternative exchange rate trading strategies, British Review
of Economic Issues, 1994, 16:39, 65-83.
Modelling Inflation and the Demand for Money in Pakistan; Cointegration and the Causal Structure (with Anjum Nasim), Economic Modelling, Vol. 16, pp87-103, 1999.
The Variance of UK GDP: Reduced Form Estimates under Fixed and Floating Exchange Rate Regimes (with Seung-Woo Choi), Manchester School, Vol. 66, pp490-506, September 1998.
Comment on: The Politics of the Political Business Cycle, British Journal of Political Science, Vol. 28, pp201-210, 1998.
By-Elections, Changing Fortunes, Uncertainty and the Mid-Term Blues (with David Sanders), Public Choice, Vol. 95, pp131-148, 1998.
Pooling Cross-sections: A Response to MacDonald
and Heath (with David Sanders), Political Studies, Vol. 45, 1997.
The Distribution Problem, the More for Less (Nothing) Paradox and Economies of Scale and Scope, 2nd International Conference on Operations Research, Moscow, November 1998 and European Journal of Operational Research, forthcoming, 2000.
Economies of Scale and Scope, Contestability, Windfall Profits and Regulatory Risk, Manchester School, forthcoming, 1999-2000.
The Distribution Problem, the More for Less (Nothing) Paradox and Economies of Scale and Scope: Nonlinear Extensions, International Conference on Discrete Mathematics and Applications, Delhi, November 1997, forthcoming 1999.
Intervening Duality and Bargaining with a Farmer-Landowner Example, European Journal of Operational Research, 1999.
Intervening Duality Based Analyses of Nonconstant
Sum
Bimatrix Games, Journal of Interdisciplinary Mathematics, 1998.
Statistical Review (with Raiser, Martin), Economics of Transition, Vol. 6 (1), p 241-47, May 1998.
Job Creation and Temporary Emigration: The Albanian Experience (with Mancellari, Ahmet; Papapanagos, Harry), Economics of Transition, Vol. 4 (2), p 471-90, October 1996.
Wages, Profits, and Rent-Sharing (with Peter.Blanchflower, David G; Oswald, Andrew J), The Quarterly Journal of Economics, Vol. 111 (1), p 227-51, February 1996.
Wages, Profits and Rent-Sharing (with Peter.Blanchflower,
David G; Oswald, Andrew J), National Bureau of Economic Research Working
Paper: 4222. p 18. December 1992.
On the Optimality of Public Capital for Long-Run Economic Growth: Evidence from Panel Data. (Jointly with N. Miller), Applied Economic, forthcoming.
How Mobile is Capital Internationally? The Feldstein-Horioka Puzzle and Saving-Investment Causality. (Jointly with Ahmed Alyousha), Journal of Economic Integration, forthcoming.
Price Rigidities, Inflationary Finance and Long-Run Growth, Bulletin of Economic Research, 2000 52 (1) 67-89
Implications of Intertemporal Optimisation for House and Land Prices (with Ahmed Alyushaa), forthcoming in Applied Economics.
Ricardian Causal Ordering and the Relation between
House and Land Prices: Evidence from England (with Ahmed Alyushaa), Applied
Economics Letters, 1998, 5, 325-8.
Unemployment Fluctuations in the UK: 1958-92 (with Mills, Terence C; Pelloni, Gianluigi), Applied Economics Letters, Vol. 4 (4), p 253-55, April 1997.
Cyclical Unemployment and Sectoral Shifts: Further Tests of the Lilien Hypothesis for the UK (with Mills, Terence C; Pelloni, Gianluigi). Economics Letters, Vol. 52 (1), p 55-60, July 1996.
Product-Market Openness and Dynamic Responses to Exogenous Shocks and Policies in a Two-Country, Two-Goods Model, International Review of Economics & Finance, Vol. 5 (3), p 269-90,1996.
Monetary Policy Games and Coalitions in a Two-Country Model with Unionised Wage Setting, Oxford Economic Papers, Vol. 49 (1), p 57-76, January 1997.
Unemployment Fluctuations in the United States:
Further Tests of the Sectoral-Shifts Hypothesis (with Mills, Terence C;
Pelloni, Gianluigi). Review of Economics & Statistics, Vol. 77 (2),
p 294-304, May 1995.
Intelligent Decision Aiding Systems Based on Multiple Criteria for Financial Engineering (with Doumpos M). Kluwer Academic Publishers, Dordrecht, 2000.
Business failure prediction using the UTADIS multicritera analysis method (with Doumpos M), Journal of the Operational Research Society, 50(11), 1138-1148, 1999.
A multicriteria decision aid methodology for sorting decision problems: The case of financial distress (with Doumpos M), Computational Economics, 14(3), 197-218, 1999.
Stock evaluation using a preference disaggregation methodology (with Doumpos M and Zanakis S H), Decision Sciences, 30(2), 313-336, 1999.
Multicriteria Decision Aid Methods for the Prediction of Business Failure (with Dimitras A I). Kluwer Academic Publishers, Dordrecht, 1998.
Operational Tools in the Management of Financial
Risks. Kluwer Academic Publishers, Dordrecht, 1998.