In this paper, we deal with theoretical propositions and empirical evidence that are needed to explain the paradox of rapid GDP growth in the face of the dismal competitiveness of the Greek economy during 1995-2008. We show how Greece’s economy structural weaknesses have hit the domestic...

The Data Envelopment Analysis (DEA) efficiency score obtained for an individual firm is a point estimate without any confidence interval around it. In recent years, researchers have resorted to bootstrapping in order to generate empirical distributions of efficiency scores. This procedure...

It is widely accepted that the highly volatile Panamax market has many peculiarities; for example, Panamax vessels transport the major and the minor dry bulk cargoes worldwide. In contrast, the variety of cargoes and the flexibility in various trade routes, which the Panamax vessels follow,...

One of the main topics highlighted in the field of economic policy applications is the impact of taxation on labor. In an era in which macroeconomic stability, technological change, and globalization pressure the job market, there exists no strong consensus in the literature on how exactly...

In this paper, the well-known convergence programs, implemented by the EU member-states, are closely evaluated. Using descriptive statistical analysis and the changes in the real exchange rates as analytical cornerstone, the paper focuses on the economic performance of the member-states since...

In Greece, the provision of tertiary education is permitted, by the constitution, only to "public" institutions where faculty and administrators are civil servants and public officials respectively. We construct an argument and present statistical data that describe the situation observed in...

Despite its important advantages of efficiency gains, price transparency, monetary stability, easing currency markets pressure on the payments balance, and so on, EMU is anything but a risk-free enterprise. Economic conflict may arise from unfortunate developments regarding the Euro, which may...

Religiosity plays a very important role both in economic outcomes and in the lives of many people. The economics of religion is a relatively new topic in economics but a fast growing area of academic interest indeed. In Greece, a country of rather much religiosity, the topic is almost...

The aim of this paper is to investigate both the feasibility and the viability of the prospective South-East Energy Corridor and the cumulative effects for the region and the countries involved. In less than a decade the Southeastern Mediterranean is at the center of the global oil industry's...

Despite growth in recent years, the economy of the “TRNC” remains fragile and the sustainability of the convergence process without due reform and restructuring is questionable. For sustained investment and growth, far-reaching reforms are certainly required in the private and public...