The severe economic crisis affecting Greece is widely expected to have a significant social impact in terms of greater inequality and increased poverty. We provide an early assessment of whether (and to what extent) this is the case. More specifically, we distinguish between two inter-related...

Running conventional laboratory experiments (i.e., with a standard student subject pool) is common practice in economic experiments especially when methodological issues are explored. However, generalization of the results from such experiments to the entire population is subject to severe...

Ten countries with economies in transition and two market economies are negotiating full membership with the EU. The purpose of this paper is to consider the economic dimension of the forthcoming enlargement of the EU, especially on the characteristics of the economies in transition and on the...

In this paper we examine the past performance of the Greek economy in some detail, and we try to provide a few answers to the question of why growth slowed so dramatically.

The findings of the paper point to the fact that the fixed exchange rate regimes did not operateas an effective shield of protection from currency strains and transformational recessions.

This paper formalizes the link among electoral uncertainty, fiscal policy and economic growth. The setup is a dynamic general equilibrium model of optimal growth and fiscal policy, in which fiscal policy is endogenized through a game between two political parties that can alternate in power.

The aim of this paper is to improve our understanding of the empirical determinants of firm growth by extending the literature to include new groups of variables, namely sunk costs, financial structure and multinationality as well as by using more appropriate econometric techniques.

This study analyses the production efficiency gains in terms of technology transfer and labour productivity changes caused by diverse degrees of foreign ownership using a sample of 4056 manufacturing firms operating in Greece in 1997.

This paper examines whether incumbent national governments of the member states of the European Union have manipulated the fiscal policy instruments at their disposal in order to create national political business cycles, opportunistic or partisan, in the 1970-98 period.

We present a unified theoretical framework capable to address the main real capital decision problems. Initially we specify a continous-time, terminal-horizon real capital model and use it to trace the properties of optimal utilisation, maintenance, and expansionary investment policies, as well...