2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1993 |

Below is a list of selected publications by our faculty. The list is intended to provide a general picture of the type of research conducted in the department. It includes papers published while each member was resident at the University of Cyprus.

For more details on each faculty member’s publications please see their individual pages.


– Antoniades, A., Clerides, S., Xu, M. (2023), “Micro-responses to shocks: pricing, promotion, and entry,” Scandinavian Journal of Economics, 125(3), pp. 584–615.

– Antoniades, A., Clerides, S., Xu, M. (2023), “Multi-product firm price and variety response to firm-specific cost shocks,” International Journal of Industrial Organization, 90, 102984.

Aristodemou, E. (2023), “Strictly log-concave probability distributions in discrete response models,” Statistics and Probability Letters, 193, 109683.

– Boukouras, A., Jennings, W., Li, L., Maniadis, Z. (2023), “Can biased polls distort electoral results? Evidence from the lab,” European Journal of Political Economy, 78, 102383.

Chassamboulli, A., Gomes, P. (2023), “Public-sector employment, wages and education decisions,” Labour Economics, 82, 102345.

– Claeys, G., Papioti, C., Tryphonides, A. (2023), “Liquidity risk, market power and the informational effects of policy,” Journal of International Economics, 2023, 142, 103732.

Clerides, S., Courty, P., Ma, Y. (2023), “Store expensiveness and consumer saving: Insights from a new decomposition of price dispersion,” Quantitative Marketing and Economics, 21(1), pp. 65–94.

– Edwards, P., Baden-Fuller, C., Pissarides, C., Crouch, C.I813, Taylor-Gooby, P. (2023), “Inflation, wages and equality: cross-disciplinary conversations,” Journal of the British Academy, 11, pp. 25–41.

– Eminidou, S., Geiger, M., Zachariadis, M. (2023), “Public debt and state-dependent effects of fiscal policy in the euro area,” Journal of International Money and Finance, 130, 102746.

– Forth, J., Theodoropoulos, N., Bryson, A. (2023), “The role of the workplace in ethnic wage differentials,” British Journal of Industrial Relations, 61(2), pp. 259–290.

– Gramozi, A., Palivos, T., Zachariadis, M. (2023), Measuring the welfare costs of racial discrimination in the labor market, Economic Inquiry, 61(2), pp. 232–252.

– Heywood, J.S., Sessions, J.G., Theodoropoulos, N. (2023), “Quality competition and worker training,” Bulletin of Economic Research, 75(4), pp. 935–943.

– Jolly, N.A., Theodoropoulos, N. (2023), “Health shocks and spousal labor supply: an international perspective,” Journal of Population Economics, 36(2), pp. 973–1004.

– Konstantinidi, A., Kourtellos, A., Sun, Y. (2023), “Social threshold regression,” Journal of Econometrics, 235(2), pp. 2057–2081.

– Lee, I., Soo Park, S., Zachariadis, M. (2023), “Non-linearities in international prices,” Canadian Journal of Economics, 56(3), pp. 1032–1062.

– Leontiou, A., Manalis, G., Xefteris, D. (2023), “Bandwagons in costly elections: The role of loss aversion,” Journal of Economic Behavior and Organization, 209, pp. 471–490.

– Louis, P., Núñez, M., Xefteris, D. (2023), “Trimming extreme reports in preference aggregation,” Games and Economic Behavior, 209, pp. 471–490.

– Savcic, R., Theodoropoulos, N., Xefteris, D. (2023), “Conscription and educational outcomes,” Journal of Population Economics, 36(4), pp. 2799–2824.

Tsakas, N., Xefteris, D. (2023), “The last temptation: Is group-based voting resilient to pivotal considerations?” European Economic Review, 160, 104619.

Tryphonides, A. (2023), “Identifying preferences when households are financially constrained,” Review of Economic Dynamics, 51, pp. 521–546.

Xefteris, D. (2023), “Coordinated democracy,” Games and Economic Behavior, 142, pp. 33–45.

Xefteris, D., Barreda-Tarrazona, I., García-Gallego, A., Georgantzís, N. (2023), “Catalog competition: Theory and experimental evidence,” Economic Inquiry, 61(1), pp. 122–137.

Back to top


– Amodio, E., Battisti, M., Kourtellos, A., Maggio, G., Maida, C.M. (2022), “Schools opening and Covid-19 diffusion: Evidence from geolocalized microdata,” European Economic Review, 143, 104003.

– Antoniou, F., Hatzipanayotou, P., Michael, M.S., Tsakiris, N. (2022), “Tax competition in the presence of environmental spillovers,” International Tax and Public Finance, 29(3), pp. 600–626.

Aristodemou, E., Rosen, A.M. (2022), “A discrete choice model for partially ordered alternatives,” Quantitative Economics, 13(3): 863-906.

– Christou, C., Naraidoo, R., Gupta, R., Hassapis, C. (2022), “Monetary policy reaction to uncertainty in Japan: Evidence from a quantile-on-quantile interest rate rule International,” Journal of Finance and Economics, 27(2): 2041–2053.

Clerides, S., Krokida, S.-I., Lambertides, N., Tsouknidis, D. (2022), “What matters for consumer sentiment in the euro area? World crude oil price or retail gasoline price?”, Energy Economics, 105, 105743.

– Durlauf, S.N., Kourtellos, A., Tan, C.M. (2022), “The Great Gatsby Curve,” Annual Review of Economics, 14: 571-605.

– Eminidou, S., Zachariadis, M. (2022), “Firms’ expectations and monetary policy shocks in the euro area,” Journal of International Money and Finance, 122, 102556.

– Furtado, D., Papps, K.L., Theodoropoulos, N. (2022), “Who Goes on Disability when Times are Tough? The Role of Work Norms among Immigrants,” European Economic Review, 143, 103983.

– Geiger, M., Zachariadis, M. (2022), “Consumers’ updating, policy shocks, and public debt: An empirical assessment of state dependencies,” Macroeconomic Dynamics, 56(3), pp. 1032–1062.

– Giannakis, E., Mamuneas, T.P. (2022), “Labour productivity and regional labour markets resilience in Europe,” Annals of Regional Science, 68(3), pp. 691–712.

– Hargreaves Heap, S.P., Manifold, E., Matakos, K., Xefteris, D. (2022), “How does group identification affect redistribution in representative democracies? An Experiment,” Journal of Public Economics, 215, 104747.

– Karavitis, P., Michael, M.S. (2022), “International financial integration in the presence of an international duopoly,” European Journal of Finance, 28(8): 825–847.

Kourtellos, A., Petrou, K. (2022), “The role of social interactions in preferences for redistribution,” Journal of Economic Behavior and Organization, 200: 716–737.

Kourtellos, A., Stengos, T., Sun, Y. (2022), “Endogeneity in semiparametric threshold regression,” Econometric Theory, 38(3): 562–595.

Kourtellos, A., Tsangarides, C.G. (2022), “Robust Correlates of Growth Spells: Do Inequality and Redistribution Matter?”, Oxford Bulletin of Economics and Statistics, 84(6): 1302-1328.

Louis, P., Núñez, M., Xefteris, D. (2022), “The Virtuous Cycle of Agreement,” Economic Journal, 132(641): 326-360.

Louis, P., Troumpounis, O., Tsakas, N., Xefteris, D. (2022), “Coordination with preferences over the coalition size,” Journal of Economic Behavior and Organization, 194: 105–123.

– Lykopoulos, E., Voucharas, G., Xefteris, D. (2022), “Pandora’s rules in the laboratory,” Experimental Economics, 25(5): 1492–1514.

Lyssiotou, P., Savva, E. (2022), “Labor supply responses to income tax free and bracket expansions,” Journal of Economic Studies, 49(7), pp. 1225–1239.

Maniadis, Z. (2022), “Is formalism the key to resolving the generalizability crisis? An experimental economics perspective,” Behavioral and Brain Sciences, 45, el.

– Núñez, M., Pimienta, C., Xefteris, D. (2022), “On the implementation of the median,” Journal of Mathematical Economics, 99, 102595.

Theodoropoulos, N., Forth, J., Bryson, A. (2022), “Are Women Doing It for Themselves? Female Managers and the Gender Wage Gap,” Oxford Bulletin of Economics and Statistics, 84(6): 1329–1355.

Back to top


Andreou, E., Ghysels, E. (2021), “Predicting the VIX and the volatility risk premium: The role of short-run funding spreads Volatility Factors,” Journal of Econometrics, 220(2): 366–398.

Aristodemou, E. (2021), “Semiparametric identification in panel data discrete response models,” Journal of Econometrics, 220(2): 253–271.

Chassamboulli, A., Gomes, P. (2021), “Jumping the queue: Nepotism and public-sector pay,” Review of Economic Dynamics, 39: 344–366.

– Duffy, J.A., Kasparis, I. (2021), “Estimation and inference in the presence of fractional D = 1/2 and weakly nonstationary processes,” Annals of Statistics, 49(2): 1195–1217.

– Eguia, J.X., Xefteris, D. (2021), “Implementation by Vote-Buying Mechanisms,” American Economic Review, 111(9): 2811–2828.

– Ekinci, E., Theodoropoulos, N. (2021), “Disagreement and informal delegation in organizations,” International Journal of Industrial Organization, 74, 102696.

– Green, C.P., Heywood, J.S., Theodoropoulos, N. (2021), “Hierarchy and the Employer Size Effect on Wages: Evidence from Britain,” Economica, 88(351): 671–696.

– Goeree, J.K., Louis, P. (2021), “M Equilibrium: A Theory of Beliefs and Choices in Games,” American Economic Review, 111(12): 4002–4045.

Kourtellos, A. (2021), “The Great Gatsby Curve in education with a kink,” Economics Letters, 208, 110054.

– Mavridis, C., Tsakas, N. (2021) “Social Capital, Communication Channels and Opinion Formation,” Social Choice and Welfare, 56(4): 635–678.

Michaelides, M. (2021), “Nascent entrepreneurship and race: Evidence from the GATE experiment,” Journal of Small Business Management, 59(6): 1211–1249.

Michaelides, M., Mueser, P.R., Smith, J.A. (2021), “Do reemployment programs for the unemployed work for youth? Evidence from the great recession in the United States,” Economic Inquiry, 59(1): 162–185.

– Savčić, R., Xefteris, D. (2021), “Apostolic voting,” Canadian Journal of Economics, 54(3): 1400–1417.

– Sekeris, P.G., Xefteris, D. (2021), “Strategic Delegation to Organizations,” Journal of Industrial Economics, 69(4): 900–922.

– Tsakas, E., Tsakas, N. (2021), “Noisy persuasion,” Games and Economic Behavior, 130: 44–61.

– Tsakas, E., Tsakas, N., Xefteris, D. (2021), “Resisting persuasion,” Economic Theory, 72(3): 723–742.

Tsakas, N., Xefteris, D. (2021), “Stress-testing the runoff rule in the laboratory,” Games and Economic Behavior, 128: 18–38.

Tsakas, N., Xefteris, D. (2021), “Information aggregation with runoff voting,” Journal of Economic Theory, 191, 105130.

Tsakas, N., Xefteris, D., Ziros, N. (2021), “Vote trading in power-sharing systems: A laboratory investigation,” The Economic Journal, 131(636): 1849-1882.

– Wang, Q., Phillips, P.C.B., Kasparis, I. (2021), “Latent variable nonparametric cointegrating regression,” Econometric Theory, 37(1): 138–168.

– Xidonas, P., Doukas, H., Hassapis, C. (2021), “Grouped data, investment committees & multicriteria portfolio selection,” Journal of Business Research, 129: 205–222.

Back to top


Andreou, E., Gagliardini, P., Ghysels, E., Rubin, M. (2020), “Mixed-Frequency Macro–Finance Factor Models: Theory and Applications,” Journal of Financial Econometrics, 18(3): 585–628.

– Borisov, G.V., Pissarides, C.A. (2020), “Intergenerational Earnings Mobility in Post-Soviet Russia,” Economica, 87(345): 1–27.

Chassamboulli, A., Fontaine, I., Gomes, P. (2020), “How important are worker gross flows between public and private sector?” Economic Letters, 192, 109204.

Chassamboulli, A., Peri, G. (2020), “The economic effect of immigration policies: analyzing and simulating the U.S. case,” Journal of Economic Dynamics and Control, 114, 103898.

– Delis, M.D., Iosifidi, M., Kokas, S., Xefteris, D., Ongena, S. (2020), “Enforcement actions on banks and the structure of loan syndicates,” Journal of Corporate Finance, 60, 101527.

– Eminidou, S., Zachariadis, M., Andreou, E. (2020), “Inflation Expectations and Monetary Policy Surprises,” Scandinavian Journal of Economics, 122(1): 306–339.

– Kokas, S., Vinogradov, D., Zachariadis, M. (2020), “Which banks smooth and at what price?” Journal of Corporate Finance, 65, 101509.

Kourtellos, A., Marr, C., Tan, C.M. (2020), “Local Intergenerational Mobility,” European Economic Review, 126, 103460.

– Matakos, K., Xefteris, D. (2020), “Class versus Identity: Candidates’ race and the inequality-redistribution nexus,” Quarterly Journal of Political Science, 15(3): 401–447.

– Matakos, K., Xefteris, D. (2020), “Economic insecurity and political stability: a case for growth-targeting systemic vote,” Oxford Economics Papers, 72(3): 829–862.

– Xidonas, P., Steuer, R., Hassapis, C. (2020), “Robust portfolio optimization: a categorized bibliographic review,” Annals of Operations Research, 292(1): 533–552.

Back to top


Andreou E., Gagliardini, P., Ghysels. E., Rubin, M. (2019), “Inference in Group Factor Models with an Application to Mixed Frequency Data,” Econometrica, 87(4): 1267-1305.

– Bol, D., Matakos, K., Troumpounis, O., Xefteris, D. (2019), “Electoral rules, strategic entry and polarization,” Journal of Public Economics, 178, 104065

– Eguia, J., Xefteris, D. (2019), “Social Welfare with Net Utilities,” Public Choice 179(1): 41-49.

– Hangartner, D. Dinas, E., Marbach, M., Matakos, K., Xefteris, D. (2019), “Does exposure to the refugee crisis make natives more hostile?” American Political Science Review, 113:2, 442-455.

– Ngai, R.L., Pissarides, C.A., Wang J. (2019), “China’s Mobility Barriers and Employment Allocations,” Journal of the European Economic Association 17(5): 1617–1653.

Xefteris, D. (2019), “Strategic voting when participation is costly,” Games and Economic Behavior 116: 122-127.

Back to top


– Barreda-Tarrazona, I., Garcia-Gallego, A., Georgantzis, N., Ziros, N. (2018), “Market games as social dilemmas,” Journal of Economic Behavior & Organization, 155: 435-444.

– Bekiros, S., Avdoulas, C., Hassapis, C. (2018) “Nonlinear equilibrium adjustment dynamics and predictability of the term structure of interest rates,” International Review of Financial Analysis 55, 140–155.

– Bilanakos, C., Heywood, J., Sessions, J., Theodoropoulos, N. (2018), “Does Delegation Increase Worker Training?” Economic Inquiry 56(2): 1089-1115.

– Bilanakos, C., Heywood, J., Sessions, J., Theodoropoulos, N. (2018), “Does demand for product quality increase worker training?, Journal of Economic Behavior and Organization 155: 159-177.

– Glushenkova, M., Kourtellos, A. & Zachariadis, M. (2018), “Barriers to Price Convergence,” Journal of Applied Econometrics 33(7): 1081-1097.

– Goeree, J.K., Louis, Ph., Zhang, J. (2018). “Noisy Introspection in the “11-20″ Game”. The Economic Journal 128: 1509-1530.

– Mavrotas, G., Hassapis, C., Xidonas, P., Staikouras, C., Zopounidis, C. (2018). “Multiobjective portfolio optimization: bridging mathematical theory with asset management practice”, Annals of Operations Research 267: 585–606.

Michaelides M., Mueser P. (2018). “Are Reemployment Services Effective? Experimental Evidence from the Great Recession,” Journal of Policy Analysis and Management, 37(3): 546-570.

– Petrakis, E., Tsakas, N. (2018), “The effect of entry on R&D networks,” RAND Journal of Economics 49(3): 706-750.

Tsakas, N., Xefteris, D. (2018), “Electoral Competition with Third party Entry in the Lab”, Journal of Economic Behavior and Organization 148: 121-134.

Xefteris, D. (2018), “Candidate valence in a spatial model with entry,” Public Choice 176(3-4): 341-359.

Xefteris, D., Ziros, N. (2018), “Strategic vote trading under complete information,” Journal of Mathematical Economics 78: 52-58.

Xefteris, D., Zudenkova, G. (2018), “Electoral Competition under Costly Policy Implementation,” Social Choice and Welfare 50(4): 721-739.

Back to top


Xefteris, D., & Ziros, N. (2017). “Strategic vote trading in power sharing systems”, American Economic Journal: Microeconomics, 9(2), 76-94.

– C. Bilanakos, Green, C., Heywood, J., Theodoropoulos, N. (2017). “Do dominant firms provide more training” Journal of Economics and Management Strategy, 26(1), 67-95.

Clerides, S., Courty, P. (2017). Sales, “Quantity Surcharge, and Consumer Inattention”. Review of Economics and Statistics, 99(2), 357-370.

– Durlauf, S.N., Kourtellos, A., Tan, C.M. (2017). “Status Traps”. Journal of Business and Economic Statistics, 35(2), 265-287.

– Aragonès, E., Xefteris, D. (2017). “Voters private valuation of candidates quality”. Journal of Public Economics, 156(), 121-130.

– Aragonès, E., Xefteris, D. (2017). “Imperfectly Informed Voters And Strategic Extremism”, International Economic Review, 58(2), 439-471.

– Matakos, K., Xefteris, D. (2017). “Divide and rule: redistribution in a model with differentiated candidates”. Economic Theory, 63(4), 867-902.

– Núñez, M., Xefteris, D. (2017). “Implementation via approval mechanisms”. Journal of Economic Theory, 170(), 169-181.

– Núñez, M., Xefteris, D. (2017). “Electoral Thresholds as Coordination Devices”. Scandinavian Journal of Economics, 119(2), 346-374.

Xefteris, D. (2017). “Multidimensional electoral competition between differentiated candidates”. Games and Economic Behavior, 105(), 112-121.

– Laussel, D., Breton, M.L., Xefteris, D. (2017). “Simple centrifugal incentives in spatial competition”. International Journal of Game Theory, 46(2), 357-381.

– Tsakas, N. (2017). “Diffusion by imitation: The importance of targeting agents”. Journal of Economic Behavior and Organization, 139(), 118-151.

Back to top


– Glushenkova M. and Zachariadis M., (2016). “Understanding post-Euro Law-of-One-Price Deviations”  Journal of Money Credit and Banking 48:6 1073-1111.

Xefteris D., (2016). “Stability in electoral competition: A case for multiple votes”  Journal of Economic Theory, Journal of Economic Theory.

Kourtellos A., (2016). with C. M. Tan and T. Stengos, “Structural Threshold Regression”,  Econometric Theory, 32, 827-860.

– Hadjiyiannis C., Heracleous M.S., Tabakis C., (2016). “Regionalism and Conflict: Peace Creation and Peace Diversion”, Journal of International Economics, Volume 102, 141-159.

– Andreou E., (2016). “On the use of high frequency measures of volatility in MIDAS regressions”, Journal of Econometrics

Xefteris D. and Troumpounis O., (2016). “Incomplete Information, Proportional Representation and Strategic Voting” , Social Choice and Welfare.

– Matakos K. and Xefteris D., (2016). “Election Note: The September 20, 2015 Parliamentary Election in Greece”, Electoral Studies, 43, 172-176.

– Matakos K. and Xefteris D., (2016). “Divide and rule: Redistribution in a model with differentiated candidates”, Economic Theory.

– Furtado D. and Theodoropoulos N., (2016).  “Immigrant Networks and the Take-Up of Disability Programs: Evidence from the United States” Economic Inquiry, Vol. 54 (1), pp. 247-267.

Kourtellos A., Marr C. and Tan C. M., (2016). “Robust Determinants of the Intergenerational Mobility in the Land of opportunity”, European Economic Review, 18, 132-147.

– Andrade P.and Zachariadis M., (2016). “Global Versus Local Shocks in Micro Price Dynamics”, Journal of International Economics 98:1 78-92.

Back to top


Andreou E. and Werker B.J.M., (2015). “Residual-based Rank Specification Tests for AR-GARCH type Models”, Journal of Econometrics, 185, 2, 305-331.

Andreou E., Kasparis I., and Phillips P.C.B., (2015). “Nonparametric Predictive Regression”, Journal of Econometrics, 185, 2, 468-494.

– Matakos K. with Xefteris D., (2015).  “Strategic electoral rule choice under uncertainty”, Public Choice, 122 (3-4), 329-350.

– Aragonés E. with Xefteris D., (2015). “Voters’ private valuation of candidates’ quality”, Journal of Public Economics.

Xefteris D., (2015). “Symmetric zero-sum games with only asymmetric equilibria’ in Games and Economic Behavior”, 89, 122-125.

– Ioannides, Y.M. and Pissarides, C.A., (2015). “Is the Greek crisis one of supply or demand?”, Brookings Papers on Economic Activity.

Clerides S., Davis P. and Michis A., (2015). “National Sentiment and Consumer Choice: The Iraq War and Sales of US Products in Arab Countries”, Scandinavian Journal of Economics.

Clerides S., Delis M. and Kokas S., (2015). “A New Dataset on Competition in National Banking Markets”, Financial Markets, Institutions and Instruments.

– Chassamboulli A. and Peri G., (2015). “The Labor Market Effects of Reducing the Number of Illegal Immigrants,” Review of Economic Dynamics.

Back to top


–  Adamou, A., S. Clerides and Zachariadis T., (2014). “Welfare Implications of Car Feebates: A Simulation Analysis,” Economic Journal 124(578), F420–F443.

– Chassamboulli A. and Palivos T., (2014). “A search-Equilibrium Approach to the Effects of Immigration on Labor Market Outcomes,” International Economic Review.

Xefteris D., (2014). “Mixed equilibriums in a three-candidate spatial model with candidate valence”, Public Choice, 158:1-2, 101-120.

Xefteris D., (2014). “How robust is majority voting as a social choice rule?”, Oxford Economic Papers, 64:4, 1006-1018.

Xefteris D., (2014). “Mixed equilibria in runoff elections”, Games and Economic Behavior, 87, 619-623.

– Green C., Heywood J. and Theodoropoulos N., (2014). “Performance Pay and Ethnic Wage Differences in Britain”, Oxford Economic Papers, Vol. 66 (3), pp. 798-823, Oxford University Press Release.

Pashardes P., Pashourtidou N. and Zachariades T., (2014). “Estimating welfare aspects of changes in energy prices from preference heterogeneity”, Energy Economics, 42, 58–66.

Michael M., and Hatzipanayotou P. and Tsakiris N., (2014). “Asymmetric Tax Policy Responses in Large Economies with Cross‐border Pollution”, Environmental and Resource Economics.

– Kasparis I.,Magdalinos T. and Phillips P.C.B.  , (2014). ‘Non-linearity Induced Weak Instrumentation’, Econometric Reviews, 33, p. 676-712.

Back to top


Andreou E., Ghysels E. and Kourtellos A., (2013). “Should Macroeconomic Forecasters Use Daily Fincancial Data And How?”, Journal of Business & Economic Statistics, 31, 1-12.

Zachariadis M. and Ricci F., (2013). “Education externalities on Longevity”, Economica 80(319) 404-440.

Xefteris D., (2013). “Equilibria in Unidirectional Spatial Models” in Economics Letters, 119:2, 146-149.

– Pissarides, C.A., (2013). “Unemployment in the Great Recession”, Economica.

– Hadjiyiannis C., Hatzipanayotou P. and Michael S. M., (2013). “Competition for Environmental Aid and Aid Fungibility”, Journal of Environmental Economics and Management 65, 1-11.

– Delis A. and Mamuneas T., (2013). “A Dual Definition for the Factor Content of Trade and its Effect on Factor Rewards in US Manufacturing”, Economic Inquiry, 51(1), 72-87.

Kourtellos A., Stylianou I. and Tan C.M., (2013). “Failure to Launch? The Role of Land Inequality in Transition Delays”, European Economic Review, 62, 98-113.

– Christofides, L.N., Polycarpou A. and Vrachimis C., (2013). “The Gender Wage Gaps, ‘Sticky Floors’ and ‘Glass Ceilings’ of the European Union”, Labour Economics, Vol. 21, April 2013, pp. 86-102.

– Chassamboulli A., (2013). “Labour-market Volatility in a Matching Model with Worker Heterogeneity and Endogenous Separations,” Labour Economics.

– Andreou E., Matsi M., and A. Savvides (2013). “Stock and Foreign Exchange Linkages in Emerging Economies”. Journal of International Financial Markets, Institutions and Money, 27, 248-268.

Back to top


Zachariadis M., (2012). “Immigration and International Prices”, Journal of International Economics, 87:2 298-311.

Xefteris D., (2012). “Mixed Strategy Equilibrium in a Downsian Model with a favored candidate. A comment.” in Journal of Economic Theory, 147:1, 393-396.

– Kasparis I. and Phillips P.C.B., (2012). “Dynamic Misspecification in Nonparametric Cointegrating Regression”, Journal of Econometrics, 168, p. 270-284.

– Andreou E. and Werker B.J.M., (2012). “An alternative asymptotic analysis of residual-based statistics”, The Review of Economics and Statistics, 94, 1, 88-99.

– Andreou E., Ghysels E. and Kourtellos A., (2012). “Should macroeconomic forecasters use daily financial data?”, Journal of Business and Economic Statistics, 31,2, 1-12.

– Inanc O. and Zachariadis M., (2012). “The Importance of Trade Costs in Deviations from the Law of One Price: estimates based on the Direction of Trade”, Economic Inquiry, 50:3 667-689.

– Aragones E. and Xefteris D., (2012). “Candidate quality in a Downsian Model with a Continuous Policy Space”, Games and Economic Behavior, 75:2, 464-480

Xefteris D., (2012). “A necessary and sufficient single-profile condition for transitivity of the Pareto extension order”, International Journal of Economic Theory, 9, 313-317.

Xefteris D., (2012). “Spatial electoral competition with a probabilistically favored candidate”, Economics Letters, 116:1, 96-98.

– Benus J. and Michaelides M., (2012). “Are Self-Employment Training Programs Effective? Evidence from Project GATE”, Labour Economics, Vol. 19, No. 5, pp. 695-705.

Michael S. M., Slobodan D. and Vinogradova A., (2012). “Migration of skilled workers: Policy interaction between host and source countries,” Journal of Public Economics 96, 1015-1024.

– Lyssiotou P., (2012). “Demographics and Demand: Evaluation of Alternative Functional Forms”, Economics Letters,117, pp. 627-631.

– Durlauf N. S., Kourtellos A., and Tan C. M., (2012). “Is God in the Details? A Reexamination of the Role of Religion in Economic Growth”, Journal of Applied Econometrics, 27, 1059-75.

– Hadjiyiannis C., Iris D. and Tabakis C., (2012). “Multilateral Tariff Cooperation under Fairness and Reciprocity”, Canadian Journal of Economics, 45(3), 925–941.

– Adamou A., Clerides S., and Zachariadis T., (2012). “Trade-offs in CO2-Oriented Vehicle Tax Reforms: A Case Study of Greece”, Transportation Research Part D: Transport and Environment.

Back to top


Pissarides C., (2011). “Equilibrium in the Labor Market with Search Frictions”, American Economic Review.

– Kasparis I., (2011). ‘Functional Form Misspecification in Regressions with a Unit Root’, Econometric Theory, 27, p. 285-311.

– Koutsougeras, L.C., and Ziros N., (2011). “Non-Walrasian decentralization of the core.” Journal of Mathematical Economics, 47, 610-616.

Zachariadis M., (2011). “Immigration and International Prices: An initial assessment”, Economics Letters, 110:2 83-85.

Clerides S., Pashardes P.,  and A. Polycarpou, (2011). “Peer Review vs Metric-Based Assessment: Testing for Bias in the RAE Ratings of UK Economics Departments”, Economica, 78, 565–583.

Pashardes P. and Polycarpou A., (2011). “Poverty and Labour Market Participation of Public Assistance Recipients in Cyprus”, Economic Policy.

Mamuneas T., Kalaitzidakis P. and Stengos T., (2011). “An Updated Ranking of Academic Journal in Economics”, Canadian Journal of Economics.

– Furtado D. and Theodoropoulos N. (2011). ” Interethnic Marriage Decisions: A Choice Between Ethnic and Education Similarities”, Journal of Population Economics, 24, 4, 1257-1279

Back to top


Andreou E. and Ghysels E., (2010). “Regression Models With Mixed Sampling Frequencies”, Journal of Econometrics, 158, 246-261.

– Kasparis I., (2010). ‘The Bierens Test for Certain Nonstationary Models’, Journal of Econometrics, 158, p. 221-230.

Christofides L. and Peng L.N., A.C., (2010). “Labor contract duration, indexation, and wage adjustment: Interdependence and inflation propagation mechanisms”, Industrial Relations Journal. 

– Dustamnn C. and Theodoropoulos N. (2010). “Ethnic Minority Immigrants and Their Children in Britain” Oxford Economic Papers, 62, 2, 209-233

Back to top


Clerides S. and Kassinis G., (2009). “Modeling the Diffusion of Strategies: An Application to Exporting”, Industrial and Corporate Change.

Back to top


– Koutsougeras, L.C. and Ziros N. (2008). “A three way equivalence”, Journal of Economic Theory, 139, 380-391.

– Durlauf S. N., Kourtellos A., and Tan C. M., (2008). “Are Any Growth Theories Rrobust?”, The Economic Journal,118, 329–346.

– Kasparis I., (2008). “Detection of Functional Form Misspecification in Cointegrating Relations”, Econometric Theory, 24, p.1373-1403.

– Clerides S. and Hadjiyiannis C., (2008). “Quality Standards for Used Durables: An Indirect Subsidy?” , Journal of International Economics, 75(2), 268-282.

– Clerides, S., (2008). “Gains from Trade in Used Goods: Evidence from Automobiles,” Journal of International Economics 76(2), 322-336.

– Andreou E. and Ghysels E., (2008). “Quality control for structural credit risk models”, Journal of Econometrics, 146, 2, 364-375.

Clerides S., Nearchou P. and Pashardes P., (2008). “Intermediaries as Bundlers, Traders and Quality Assessors: The Case of UK Tour Operators”, International Journal of Industrial Organization, 26, 372-392.

– Hatzipanayotou P., Lahiri S. and Michael S. M., (2008). “Cross-border Pollution, Terms of Trade and welfare”, Environmental and Resource Economics.

– Lyssiotou P., (2008). “Comparisons of Poverty Rates Across Periods: Significance of Distributional Effects of Prices”, Economics Letters, 99,1, pp. 14-17.

Clerides S. and Zachariadis T., (2008). “The Effect of Standards and Fuel Prices on Automobile Fuel Economy: An International Analysis”, Energy Economics.

– Andreou E., (2008). “Restoring monotone power in the CUSUM test.” Economics Letters, 98, 1, 48-58.

Back to top


Zachariadis M., Papageorgiou C. and Savvides A., (2007). “International Medical Technology Diffusion”, Journal of International Economics, 72:2 409-427.

Clerides S., Cabolis C., Ioannou I. and Senft D., (2007). “A Textbook Example of International Price Discrimination”, Economics Letters.

– Christofides, L.N, and Nearchou P., (2007). “Real and Nominal Wage Rigidities in Collective Bargaining Agreements”, Labour Economics, No. 14, pp. 695-715.

Back to top


– Andreou E. and E. Ghysels (2006). “Monitoring disruptions in financial markets.” Journal of Econometrics, 135, 77-124.

Mamuneas T., Savvides A. and Stengos T., (2006). “Economic Development and the Return to Human Capital: A Smooth Coefficient Semiparametric Approach”, Journal of Applied Econometrics, 21(1) 111-132.

– Christofides, L.N. and Peng C., (2006). “Contract Duration and Indexation in a Period of Real and Nominal Uncertainty”, Labour Economics, 13, pp. 61-86.

– Christofides, L.N., Swidinsky, R., (2006). “Language in the public service”, Industrial Relations Journal.

Back to top


Zachariadis M., Crucini M. and Telmer C., (2005). “Understanding European Real Exchange Rates”, The American Economic Review, 95:3 724-738.

– McCaig B., Stengos T., (2005). “Financial intermediation and growth: Some robustness results”, Economics Letters.

– Hatzipanayotou P., Lahiri S. and Michael S. M., (2005). “Reforms of Environmental Policies in the Presence of Cross-border Pollution and Public-private Clean-up”, The Scandinavian Journal of Economics 107 (2) pp. 315-333.

– Christofides, L.N. and Li D., (2005). “Nominal and Real Wage Rigidity in a Friction Model”, Economics Letters, 87, pp. 235-241.

Back to top


– Bernstein J. and Mamuneas T., and Pashardes P.,  (2004). “Technical Efficiency and US Manufacturing Productivity Growth”, Review of Economics and Statistics, 86, 402-412.

Lyssiotou P., Pashardes P.  and Stengos T., (2004).”Estimates of the Black Economy Based on Consumer Demand Approaches”, The Economic Journal, 114, 622-640.

– Hassapis, C., (2004). “Financial Variables and Real Activity in Canada”. The Canadian Journal of Economics, vol. 36, pp. 417-38.

– Hadjiyiannis C., (2004). “Regionalism and Multilateral Trade Liberalization with Asymmetric Countries”, Review of International Economics, 12(3), 395-411.

– Hadjiyiannis C., (2004). “Common Markets and Trade Liberalization”, Canadian Journal of Economics, 37(2), 484-508.

Clerides S., (2004). “Price Discrimination with Differentiated Products: Definition and Identification”, Economic Inquiry.

– Andreou E. and Ghysels E., (2004). The impact of sampling frequency and volatility estimators on change-point tests. Journal of Financial Econometrics, 2, 290-318.

Back to top


– Christofides, L.N., Li Q., Liu Z. and Min I., (2003). “Recent Two-Stage Sample Selection Procedures with an Application to the Gender Wage Gap”, Journal of Business and Economic Statistics, Vol.21, No.3(July), pp. 396-405.

Andreou E. and Werker B.J.M., (2003). “A Simple Asymptotic Analysis of Residual-Based Statistics”, Review of Economics and Statistics.

Zachariadis M., (2003). “R&D, Innovation, and Technological Progress: A test of the Schumpeterian Framework without Scale Effects”, Canadian Journal of Economics, 36:3 566-686.

– Li, D. and Stengos, T., (2003). “Testing serial correlation in semiparametric time series models”, Journal of Time Series Analysis.

– Koundouri P., and Pashardes P., (2003). “Hedonic Price Analysis and Selectivity Bias”, Environmental and Resource Economics.

– Michael S. M., (2003). “International Migration, Income Taxes and Transfers: a Welfare Analysis”, Journal of Development Economics Vol.72, pp 401-411.

Christofides L. N. and Mamuneas T., (2003). “Inflation and productivity shocks”, Economics Letters,.

Lyssiotou P., (2003). “On Estimating the Cost of Characteristics Indices from Consumer Demand Analysis”, Canadian Journal of Economics, vol 36, no. 2, pp. 326-349.

– Christofides, L.N. and Leung M.T. (2003). “Nominal Wage Rigidity in Contract Data: A Parametric Approach”, Economica, Vol.70, No.280(November), pp. 619-638.

– Andreou E. and Spanos A., (2003). “Statistical adequacy and the testing of trend versus difference stationarity.” Econometric Reviews, 22, 3, 217-237 (lead article with contributed comments).

Back to top


– Andreou E. and Ghysels E. (2002). “Rolling volatility estimators: Some new theoretical, simulation and empirical results.” Journal of Business and Economic Statistics, 20, 3, 363-376.

– Li, D., Stengos, T., (2002). “The partially linear regression model: Monte Carlo evidence from the projection pursuit regression approach”, Economics Letters.

– Lyssiotou, P., Pashardes, P. and Stengos, T., (2002). “Nesting quadratic logarithmic demand systems”, Economics Letters. 

– Lyssiotou, P., Pashardes P. and Stengos, T., (2002). “Age effects on consumer demand: An additive partially linear regression model [L’effet de l’âge sur la demande des consommateurs : Un modèle de régression additif partiellement linéaire]” ,Canadian Journal of Economics.

Pashardes P. and Christofides L., (2002). “Self/Paid-Employment, Public/Private Sector Selection, and Wage Differentials”, Labour Economics.

– Hatzipanayotou P., Lahiri S. and Michael S. M., (2002). “Can Cross-Border Pollution Reduce Pollution?”, Canadian Journal of Economics, 35 (4), pp 805-818.

– Haliassos, M. and Hassapis, C., (2002). “Equity Culture and Household Behavior”. Oxford Economic Papers, 54, pp. 719-45.

– Christofides, L.N. and Laporte, A., (2002). “Menu costs, nominal wage revisions, and intracontract wage behavior”, Industrial Relations Journal.

– Andreou E. and Ghysels E., (2002). “Detecting multiple breaks in financial market volatility dynamics.” Journal of Applied Econometrics, 17, 5, 579-600

Back to top


Mamuneas T. and Ghysels E., (2001). “Ranking of Academic Journals and Institutions in Economics”, Journal of Business and Economic Statistics.

– Kalaitzidakis, P., Mamuneas, T., P., Savvides, A. and Stengos, T., (2001). “Measures of human capital and nonlinearities in economic growth”, Journal of Economic Growth.

– Christofides, L.N. and Stengos T., (2001). “A Non-Parametric Test of the Symmetry of the PSID Wage-Change Distribution”, Economics Letters, pp. 363-368.

Michael M. and Hatzipanayotou P., (2001). “Welfare Effects of Migration in Societies with Indirect Taxes, Income Transfers and Public good Provision”, Journal of Development Economics.

– Bougheas S., Demetriades P. O., and Mamuneas T., (2001). “Infrastructure, Specialization And Economic Growth”, Canadian Journal of Economics.

Back to top


– Demetriades P. O. and Mamuneas T., (2000). “Intertemporal Output and Employment Effects of Public Infrastructure Capital: Evidence From 12 OECD”, The Economic Journal.

– Godby, R., Lintner, A.M., Stengos, T. and Wandschneider, B., (2000). “Testing for asymmetric pricing in the Canadian retail gasoline market”, Energy Economics.

– Savvides, A. and Stengos, T., (2000). “Income inequality and economic development: Evidence from the threshold regression model”, Economics Letters.

– Kalaitzidakis, P., Mamuneas, T.P. and Stengos, T., (2000). “A non-linear sensitivity analysis of cross-country growth regressions”, Canadian Journal of Economics.

Back to top


Lyssiotou P., Pashardes P. and Stengos T., (1999). “Preference Heterogeneity and the Rank of Demand Systems”, Journal of Business and Economic Statistics, vol. 17, No. 2, pp. 248-252.

– Liu, Z. and Stengos, T., (1999). “Non-linearities in cross-country growth regressions: A semiparametric approach”, Journal of Applied Econometrics.

– Kalaitzidakis, P., Mamuneas, T.P. and Stengos, T., (1999). “European economics: An analysis based on publications in the core journals”, European Economic Review.

– Lyssiotou, P., Pashardes, P. and Stengos, T., (1999). “Testing the rank of Engel curves with endogenous expenditure”, Economics Letters.

Michael M., Kostas G. and Hatzipanayotou P., (1999). “International Migration, the Provision of Public Goods and Welfare”, Journal of Development Economics.

Mamuneas T., (1999). “Spillovers from publicly financed R&D capital in high-tech industries”, International Journal of Industrial Organization.

– Hassapis, C., Pittis, N., and Prodromides, K., (1999). “Unit Roots and Granger Causality in the EMS Interest Rates. The German Dominance Hypothesis Revisited.” Journal of International Money and Finance, 18(1), pp. 47-73.

Back to top


 Clerides, S., S. Lach and J. Tybout, (1998). “Is Learning by Exporting Important? Micro-Dynamic Evidence from Colombia, Mexico, and Morocco,” Quarterly Journal of Economics 113(3), 903-947.

Back to top


Christofides, L.N., Stengos, T. and Swidinsky, R., (1997). “On the calculation of marginal effects in the bivariate probit model”, Economics Letters.

Christofides, L.N., Stengos, T. and Swidinsky, R., (1997). “Welfare participation and labour market behaviour in Canada”, Canadian Journal of Economics.

– Hatzipanayotou P. and Michael M., (1997). “Real Exchange Rate Effects of Fiscal Expansion Under Trade Restrictions”, Canadian Journal of Economics.

– Lyssiotou P., “Comparison of Alternative Tax and Transfer Treatment of Children using Adult Equivalence Scales”, Review of Income and Wealth, 43, no. 1, March 1997, pp.105-117.


– Li Q. and Stengos T., (1996). “Semiparametric estimation of partially linear panel data models”, Journal of Econometrics. 

Mamuneas T. and Nadiri M. I., (1997). “Public R&D Policies and Cost Behavior of the US Manufacturing Industries”, Journal of Public Economics.

– Hassapis, C., (1996). “Are Bureaucrats Efficient? An Application to the Provision of AFDC.” Public Choice, 86, pp. 1-18.

Back to top


– Hadjipanayiotou P. and Michael M., (1995). “Tariffs, Quotas and Voluntary Export Restraints with Endogenous Labour Supply”, Journal of Economics.

Pashardes P., (1995). “Equivalence Scales in a Rank-3 Demand System”, Journal of Public Economics, 58, 143-158.

– Hadjipanayiotou P. and Michael M., (1995). “Foreign Aid and Public Goods”, Journal of Development Economics.

– Christofides, L.N. and McKenna, C.J., (1995). “Unemployment insurance and moral hazard in employment”, Economics Letters.

– Hatzipanayotou P. and Stephen M. M., (1995). “Win‐Win Indirect Tax Reform: A Modest Proposal”, Economics Letters.

Back to top


– R. Dickens, V.Fry and P.Pashardes, (1993). “Non-Linearities and Equivalence Scales”, The Economic Journal, 103, 359-368.

Pashardes P., (1993). “Bias in the Estimation of the Almost Ideal Demand System with the Stone Index Approximation”, The Economic Journal, 103, 908-916.

– Blundell R., Pashardes P. and Weber G., (1993). “What Do We Learn About Consumer Demand Patterns From Micro-Data?”, American Economic Review, 83, 570-597.

Hatzipanayotou P., Michael S. M. and Stephen M. M., (1993). “Integrated Reforms of Tariffs and Consumption Taxes”, Journal of Public Economics, Vol.52, No.1, pp.417-428.

– Hatzipanayotou P. and Michael S. M., (1993). “Import Restrictions, Capital Taxes, and Welfare”, Canadian Journal of Economics.

Back to top