• Current account deficit sustainability: The case of Greece

      Apergis, Nicholas; Katrakilidis, Costas; Tabakis, Nicholas; University of Macedonia; Aristotelian University of Thessaloniki; Aristotelian University of Thessaloniki (Springer, 1998-11)
    • Innovation, Technology Transfer and Labor Productivity Linkages: Evidence from a Panel of Manufacturing Industries

      Apergis, Nicholas; Economidou, Claire; Fillipidis, Ioannis; University of Piraeus; University of Utrecht; Aristotelian University of Thessaloniki (Springer, 2008-10)
      The paper explores the linkages between labour productivity, innovation and technology spillovers in a panel of manufacturing industries. The roles of R&D, human capital and international trade are considered in stimulating innovation and/or facilitating technology transfer. Using panel-based unit root tests and cointegration analysis, the results indicate the existence of a single long-run equilibrium relation between labour productivity, innovation and technology transfer. Further, R&D, trade and human capital have statistically and, especially the latter, quantitatively important effects on labour productivity both directly via innovation and indirectly as they enhance technology diffusion.
    • International technology spillovers, human capital and productivity linkages: evidence from the industrial sector

      Apergis, Nicholas; Economidou, Claire; Filippidis, Ioannis; University of Piraeus; University of Utrecht; Aristotelian University of Thessaloniki (Springer, 2009-11)
      The paper estimates an empirical model that is consistent with a variety of Research and Development (R&D)-driven models of growth where technology is transmitted via trade to other industries, both domestically and internationally, by being embodied in differentiated intermediate goods. The evidence is based on data from 21 manufacturing industries in six European Union countries for the period 1980–1997. The contribution of the paper lies in showing how by including human capital in the model and employing suitable econometric procedures the magnitude of R&D spillovers reported in the existing literature can be affected, while pointing to a major role of human capital in economic growth process.
    • "Meteor showers" and "heat waves" in Greek financial markets.

      Apergis, Nicholas; Katrakilidis, Costas; Papastamatis, Stamatis; University of Macedonia; Aristotelian University of Thessaloniki; Ioanian Bank of Greece (Springer, 1997-11)
      This paper examines the presence of "meteor showers" and "heat waves" effects in Greek financial markets. In particular, the relationship between the stock market price index volatility and the volatility of three exchange rates (U.S. dollar, deutsche mark, and ECU) recorded on a daily basis is investigated. The results provide evidence in favor of the "heat wave" hypothesis, while the "meteor shower" hypothesis was observed only with respect to the U.S. dollar.
    • Monetary volatility, real volatility, and real exchange rate

      Apergis, Nicholas; Katrakilidis, Costas; University of Macedonia; Aristotelian University of Thessaloniki (Springer, 1996-11)
    • Testing the intertemporal substitution hypothesis: The impact of income uncertainty on savings

      Apergis, Nicholas; Katrakilidis, Costas; University of Ioannina; Aristotelian University of Thessaloniki (Springer, 2001-09-01)