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Theoretical Economics Letters (TEL) is an openly accessible journal published bimonthly. The goal of this journal is to provide a platform for scientists and academicians all over the world to promote, share, and discuss various new issues and developments in different areas of theoretical economics. All manuscripts m…
Mike G. Tsionas, Mara E. Vidali, George N. Leledakis, Anastasios E. Tasiopoulos
This paper employs a stochastic production frontier model with time-varying inefficiency to assess the performance and productivity growth of 9054 Greek firms from 1996 to 2017. Various forms of capital are incorporated, extending beyond physical capital and…
Georgios Bertsatos, 1 1, Plutarchos Sakellaris, Mike Tsionas
We propose a bounds testing procedure (BTP) with a battery of tests for the existence of a non-degenerate co-integrating relationship in levels, for long panels. It is a natural extension to panel data of the respective approach in time series by Pesaran, Shi…
Theocharoula Magoula
This article investigates the trend of the rates of return (rr) on higher education in Greece for the period of 1962-2022. It attempts to show that the return on higher education is low compared to high-income economies. It argues that it calls for reform in…
Evangelos G. Varouchas, Stavros E. Arvanitis, George M. Agiomirgianakis, 1 1, George Sfakianakis
In recent years, the influence of board gender diversity on bank outcomes has attracted the interest of regulators, policymakers, and academics worldwide. This paper aims to investigate the impact of board gender diversity on bank performance using mean-based…
George Agiomirgianakis, 1 1, 1 1, Georgios Bertsatos, 1 1, George Sfakianakis
Given the high historical records in employment and job vacancies, as well as the low historical records in unemployment rates in 2022, much has been said about the labor markets in Europe recently. In this paper, we investigate the condition of labor markets…
Maria-Eleni Syrmali, George Sfakianakis, George Agiomirgianakis, 1 1, 1 1
Corruption is a complex social, economic and political phenomenon, which exists in all countries. The structural characteristics of corruption differ be tween countries. The deeper roots of corruption depend on the individual conditions of each country, where…
George Petrakos, George Sfakianakis, Chara Vavoura, Ioannis Vavouras, 1 1
The issue of the relationship between the quality of governance and economic growth lies at the heart of institutional economics. Several empirical studies at the country level have shown that there is a high correlation between gover nance quality and econom…
Nicholas Tsounis, George Agiomirgianakis, 1 1, Chaido Dritsaki, Aspasia Vlachvei, Efthymia Iliopoulou, Gerassimos Bertsatos, Zacharoula Kalogiratou, Theodoros Monovasilis, Nikolaos Sariannidis
In this paper , we estimate expenditure elasticities of the main spending categories of domestic tourists visiting the region of Western Macedonia, Greece with the purpose of establish ing sustainable growth and development pricing policies from the actors of…
Antonios Adamopoulos, 1 1
This paper inquires the interrelation between education and economic de vel opment for Greece taking into consideration the impact of employment, prod uctivity and technology. Sensitivity analysis scrutinizes the nexus between education and development applyi…
Nikolaos C. Kanellopoulos, Nikolaos P. Rachaniotis, George Agiomirgianakis, 1 1, 1 1, Anastasia Pseiridis, Nicholas Tsounis
This paper examines the intensity of moonlighting among highly educated Greeks using a unique dataset of about 400 moonlighters in tertiary distance learning. We distinguish between higher-intensity and lower-intensity moon lighters taking into consideration…
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Theoretical Economics Letters (TEL) is an openly accessible journal published bimonthly. The goal of this journal is to provide a platform for scientists and academicians all over the world to promote, share, and discuss various new issues and developments in different areas of theoretical economics. All manuscripts m… All articles are open access under a CC BY 4.0 licence, with authors retaining copyright.
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