We derive a measure of scale efficiency change in the case of a translog output-oriented, multi-input, multi-output distance function without imposing restrictions in previous analogous works by Ray (1998, 1999) and Balk (2001). This may be particularly useful in productivity analysis based on...

The purpose of this study was to measure Greek hospital performance using different input–output combinations, and to identify the factors that influence their efficiency thus providing policy makers with valuable input for the decision-making process. Using a unique dataset, we estimated the...

The present paper examines the energy efficiency paradox demonstrated in Greek manufacturing firms through a partial observability approach. The data set used has resulted from a survey carried out among 161 energy-saving technology firm adopters. Maximum likelihood estimates that arise from an...

Stakeholders argue that the information barrier is the major obstacle restricting firms from adopting Energy Efficiency Technologies (EETs) in Europe. The present work examines the processes of information gathering as regards to EETs and explores the factors affecting the level of acquired...

In the last decade, a significant amount of financial resources has been devoted by the Greek Government and the European Union to provide the intensive care units (ICU) of the Greek Public Health Care System with high-tech medical equipment in order to improve their productive efficiency. Using...

This paper investigates a rather neglected issue regarding the impact of Energy Efficiency Technologies (EETs) on firms' productive performance. Possible influences may arise in the context of internal cost of adjustment, learning by doing effects and the capital vintage. A unique dataset was...

The paper proposes an explanation for the 1992 currency crisis as the result of monetary policy behaviour and private agents' speculation. Our analysis reveals how speculators' expectations and the behaviour of the monetary policy authority were formed on the widespread beliefs about the future...

Across industrialised and developing countries public pension systems have been heavily reformed during the last two decades. The major concern relates the sustainability of pay-as-you-go (PAYG) pension schemes. To solve public pension system crisis many proposals were issued to privatize social...

The aim of the paper is to evaluate the robustness of the theory that claims for restrictive effects of expansionary fiscal policy. It shows that such socalled “non-Keynesian effects” may arise as a consequence of a synchronous and opposite monetary policy intervention. The paper demonstrate...

This paper attempts to explain the importance of the role of the speculators in determining the 1992 ERM crisis, and the effects that the policy of maintaining external parity had on internal growth. We focus on a different way through which expectations are formed about the macroeconomic...