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Curriculum Vitae Nicholas Apergis

PERSONAL DATA Date of Birth: November 25, 1962 Address: Department of Banking & Financial Management University of Piraeus, Piraeus 18534, Greece, Τel. (+3210) 414 2429, Fax. (+3210) 414 2341 E-Mail: [email protected]

FIELDS OF SPECIALIZATION AND RESEARCH INTERESTS Applied Macroeconomics and Macro Finance, Open Economy Macroeconomics

EDUCATION 1. Ph. D. in Economics (Fordham University, NY, 1992) in Macroeconomics Ph.D. Dissertation: ‘The Role of Intervention Policies in the Foreign Exchange Market in the Process of Business Cycles: The Case of the U.S.’ 2. M.A. in Economics (Economic University of Athens, 1986) 3. B.A. in Economics (University of Athens, Greece, 1984)

PROJECTS-AWARDS 2012-2013: Holder of One-Year Research Scholarship offered by Latsis Foudation relating to the project: ‘Spillovers in Means and Volatility between Food Prices and Biofuel Energy Prices’.

2009-2010: Holder of One-Year Research Scholarship offered by the London School of Economics relating to the Project: ‘Inflation and Prices in Greece: Causes and Characteristics’. LANGUAGES Greek (native language) 2

English (Perfect)

TEACHING EMPLOYMENT 1991.1992 Visitor Professor (Fordham University and Manhattan College). Courses: Μacroeconomics, Μicroeconomics, International Monetary relations. 1993.1994 Visitor Professor (State University of New York at New Paltz), Courses: Μacroeconomics, Economics of European Integration. 1994.1998 Lecturer, University of Macedonia, Undergraduate courses: Μacroeconomics I and II, Advanced Macroeconomics, Macroeconomics of Economic Integration. Graduate courses: Μacroeconomics Ι and Topics in Macroeconomic Analysis. 1998.1999 Assistant Professor, University of Macedonia. Undergraduate Courses: Μacroeconomics, Graduate courses: Μacroeconomics Ι and Topics in Macroeconomic Αnalysis, Supervisor of MA theses. 1999.2002 Associate Professor. University of Ioannina. Undergraduate Courses: Μacroeconomics, Monetary Theory and Policy, Time Series Analysis for Economics and Finance. 2000-Present Coordinator and Member of the Money & Capital Markets Division, Hellenic Open University. Member of the Program Committee. Member of 2 Doctoral Dissertations. 2002.2006 Professor, University of Macedonia, Undergraduate Courses: Μacroeconomics and Monetary Theory and Policy, Theories of Economic Integration, Graduate courses: Advanced topics in Macroeconomics. 2006-Present Professor, University of Piraeus, Undergraduate courses: Open Economy Macroeconomics, Fixed Income Securities Markets, International Finance, Graduate Courses: International Money Markets, Investment in Real Estae, Supervisor of MA theses, Supervisor of PhD theses. 2012-Present Visiting Professor, International Hellenic University, Graduate Course: The Economics of Eenergy Markets, Supervisor of MA theses. 3

PUBLICATIONS (Journals): 1) Apergis, N. (1992) ‘Estimation of Target Effective Exchange Rates: The Case of the U.S.’, The American Economist, 36, 22-28.

2) Alexakis, P. and Apergis, N. (1994) ‘The Feldstein-Horioka Puzzle and Exchange Rate Regimes: Evidence from Cointegration Tests’, Journal of Policy Modeling, 16, 459- 472.

3) Apergis, N. and Katrakilidis, C. (1995) ‘Public deficit monetization in Greece: Evidence using structural VAR modeling’, Studi Economici, 56, 137-152

4) Alexakis, P. and Apergis, N. (1996) ‘ARCH Effects and Cointegration: Is the Foreign Market Efficient?’, Journal of Banking and Finance, 20, 687-697.

5) Apergis, N. and Karfakis, C. (1996) ‘Sources of Fluctuations in Exchange Rates: A Structural VAR Analysis’, Applied Economics Letters, 3, 251-254.

6) Alexakis, P., Apergis, N., and Xanthakis, E. (1996) ‘Stock Prices and Inflation Volatility: Evidence from an ARCH Model’, International Advances in Economic Research, 2, 101-111.

7) Apergis, N. (1996) ‘The Cyclical Behavior of Prices: Evidence from Seven Developing Economies’ The Developing Economies, 34, 204-211.

8) Apergis, N. (1996) ‘What Opportunity Cost of Holding Real Balances? The Case of Greece 1978-1993’, Applied Economic Letters, 3, 483-485.

9) Apergis, N. (1996) ‘Trends in Macroeconomic Series: Any Permanent Effects from Policy Regime Changes ”, (Rivista Ιnternationale di Scienze Economiche e Commerciali), International Review of Economics and Business, 43, 347-358. 4

10) Apergis, N. and Varelas, E. (1996) ‘Can the Buffer-Stock Hypothesis Explain Money Demand? Evidence from a SVAR Model’, International Review of Economics and Business 43, 607-616.

11) Apergis, N. (1997) ‘Domestic and Eurocurrency Yields: Any Exchange Rate Link? Evidence from a VAR Model’, Journal of Policy Modeling, 19, 41-47.

12) Apergis, N. and Eleftheriou S. (1997) ‘The Efficient Hypothesis and Deregulation: The Greek Case’, Applied Economics, 29, 111-117.

13) Apergis, N., Papanastasiou, J., and Velentzas, C. (1997) ‘The Credibility of Policy Announcements: The Greek Evidence’, Applied Economics, 29, 699-705.

14) Apergis, N. (1997) ‘Inflation Uncertainty, Money Demand and Monetary Deregulation: Evidence from a Univariate ARCH Model and Cointegration Tests’, Journal of Policy Modeling, 19, 279-293.

15) Apergis, N. (1998) ‘Budget Deficits and Exchange Rates: Further Evidence from Causality and Cointegration Tests’, Journal of Economic Studies, 25, 161-178.

16) Alexakis, P., Apergis, N., and Xanthakis, E. (1997) ‘Integration of International Capital Markets: Further Evidence from EMS Non-EMS Membership’, Journal of International Financial Markets, Institutions & Money, 7, 277-287.

17) Apergis, N. and Tsoulfidis, E. (1997) ‘The Relationship Between Saving and Finance: Theory and Evidence from EU Countries’, Research in Economics (Researche Economichi), 51, 333-358. 5

18) Apergis, N., Katrakilidis, C., and Papastamatis, S. (1998) ‘ ”Meteor Showers” and “Heat Waves” in Greek Financial Markets’, International Advances in Economic Research, 3, 364-375.

19) Apergis, N. and Tsoulfidis, E. (1998) ‘Money Supply Endogeneity in Greece: Further Evidence from Cointegration and Causality Tests‘, Rivista Internationale di Scienze Economiche e Commerciali, 45, 167-184.

20) Apergis, N. (2000) ‘Exchange Rate Volatility and Accounting for the Impact of Economic Events: Evidence from a GARCH Model‘, The Indian Economic Journal.

21) Apergis, N. (1998) ‘Stock Market Volatility and Deviations from Macroeconomic Fundamentals: Evidence from GARCH and GARCH-X Models’, Kredit und Kapital, 3, 400-412.

22) Apergis, N. (1998) ‘Inflation and Uncertainty: Does the EMS Participation Play Any Role?’, Journal of Economic Integration, 13, 586-605.

23) Apergis, N. (2001) ‘Employment News and Exchange Rates: Policy Implications for the European Union’, Applied Economics Letters.

24) Apergis, N. (1999) ‘Inflation Uncertainty and Money Demand: Evidence from a Monetary Regime Change and the Case of Greece‘, International Economic Journal 13, 21-30.

25) Apergis, N. (1999) ‘Monetary Policy Design and the Buffer-Stock Hypothesis: Further Evidence from European Union Countries’, Applied Economics Letters, 6, 793- 796.

26) Apergis, N. and Katrakilidis, C. (1998) ‘Does Inflation Uncertainty Matter in Foreign Direct Investment Decisions? An Empirical Investigation for Portugal, Spain, and 6

Greece’, (International Review of Economics and Business), Rivista Internazionale and Scienze Economiche & Commerciali, 45, 729-744.

27) Apergis, N. (2000) 'Public and Private Investments in Greece: Complementary or Substitute Goods', Bulletin of Economic Research 52, 225-234..

28) Α pergis, N., Katrakilidis, K., and Tabakis, N. (2000) 'Current Account Deficit Sustainability: The Case of Greece', Applied Economic Letters 7, 599-603.

29) Apergis, N. (2000) 'Black Market Rates and Official Rates in Armenia: Evidence from Causality Tests in Alternative Regimes', Eastern Economic Journal 26, 335- 344.

30 ) Apergis, N., Varelas, E., and Velentzas, E. (2000) ‘Money Supply, Consumption, and Deregulation: The Case of Greece’, Applied Economics Letters, 7, 385-390.

31) Apergis, N. (2001) 'Reassessing the Role of Buffer-Stock Money under Oil Price Shocks', Atlantic Economic Journal.

32) Α pergis, N. and S. Eleptheriou (2001) 'Measuring price elasticity of aggregate demand in Greece: 1961-1995', Public Finance Review.

33) Apergis, N. (2000) 'Monetary Deregulation and Consumption: Evidence from Certain Components of Consumption', Economic Issues.

34) Apergis, N. and Katrakylidis, C. (2001) 'Testing the intertemporal substitution hypothesis: the impact of income uncertainty on savings', Weltwirtschaftliches Archiv.

35) Apergis, N. and Eleftheriou, S. (2001) 'Stock returns and volatility: evidence from the Athens Stock Exchange Market Index', Journal of Economics and Finance 25, 50-61. 7

36) Apergis, N. and A. Rezitis (2001) 'Asymmetric cross-market volatility spillovers: Evidence from intra-day data on equity and foreign exchange markets', Manchester School of Economics 69, 81-96.

37) Apergis, N. and Eleftheriou, S. (2002) 'Interest rates, inflation and stock prices: The case of the ASE', Journal of Policy Modeling 24, 231-236.

38) Apergis, N. (2002) 'Business Fluctuations Under ‘Hysteresis’ Effects: The Case of Greece', Indian Economic Journal.

39) Apergis, N. and Eleftheriou, S. (2002) ‘Measuring exchange market pressure and the degree of exchange market intervention for the Greek Drachma’, International Economic Journal 16, 135-145.

40) Apergis, N. and Rezitis, A. (2003) 'Mean spillover effects in agricultural prices: evidence from changes in policy regimes', International Advances in Economic Research

41) Apergis, N. (2003) 'Testing purchasing power: results from a new foreign exchange market', Applied Economics Letters

42) Apergis, N. and Rezitis, A. (2003) ' Food price volatility and macroeconomic factor volatility: 'Heat waves' or 'meteor showers'?, Applied Economics Letters, 10, 155-160.

43) Apergis, N. and Velentzas, C. (2003) 'The impact of financial deregulation in Greece on consumption patterns', Economia Internazionale

44) Apergis, N. and Zikos, S. (2003) 'The law of Verdoorn: evidence from Greek disaggregated manufacturing time series data', Economic and Social Review 34, 87-104. 8

45) Apergis, N. and Rezitis, A. (2003) 'An examination of Okun's law: Evidence from regional areas in Greece', Applied Economics 35, 1147-1151.

46) Apergis, N. and Rezitis, A. (2003) 'Operational efficiency in the Greek banking industry: Evidence from the stochastic frontier approach and error decompositions', (International Review of Economics and Business), Rivista Internazionale and Scienze Economiche & Commerciali.

47) Apergis, N., Kyrkilis, D. and Rezitis, A. (2003) 'Exchange rate volatility and inward foreign direct investment in Greece: the prospects of EMU membership', (International Review of Economics and Business), Rivista Internazionale and Scienze Economiche & Commerciali.

48) Apergis, N. and Eleftheriou, S. (2003) 'Exchange rates and stock prices: Further evidence from intertemporal asset pricing and an error correction model', International Journal of Applied Business and Economic Research (June).

49) Apergis, N. and A. Rezitis (2003) ‘Housing prices and macroeconomic factors in Greece: prospects within the EMU’, Applied Economics Letters, 10, 561-565.

50) Apergis, N. and A. Rezitis (2003) ‘Agricultural price volatility spillover effects: the case of Greece’, European Review of Agricultural Economics, 30, 389-406.

51) Apergis, N. and A. Rezitis (2003) ‘Mean spillover effects in agricultural prices: the case of Greece’, Agribusiness 19, 425-437.

52) Apergis, N. and S. Miller (2004) ‘Macroeconomic rationality and Lucas’s Misperceptions Model: Further Evidence from Panel Data’, Journal of Economics and Business 56, 227-241. 9

53) Apergis, N. (2004) ‘Aggregate employment and sectoral shocks in Greece: Evidence from GARCH-M estimates and variance decompositions’, Global Journal of Finance and Economics.

54) Apergis N. (2004) ‘Inflation, Output Growth, Volatility and Causality: Evidence from Panel Data and the G7 Countries’, Economics Letters 83, 185-191.

55) Apergis, N. (2004) ‘Long memory patterns in the foreign exchange market’, Indian Journal of Economics & Business.

56) Apergis, N. (2003) ‘The inflation-output volatility trade-off: a case where anti- inflation monetary policy turns out to be successful, a historical assessment’, Journal of Policy Modeling, 25, 881-892.

57) Apergis, N. (2005) ‘Inflation Uncertainty and Growth: Evidence from Panel Data’, Australian Economic Papers 44, 186-197.

58) Apergis, N. and Rezitis, A. (2004) ‘Cost structure, technological change, and productivity growth in the Greek Banking Sector’, International Advances of Economic Research, 1-15.

59) Apergis, N. and Rezitis, A. (2004) ‘Agricultural price volatility spill-over effects: Reply’, European Review of Agricultural Economics, 31, 487-488.

60) Apergis, N. (2005) ‘The natural rate of unemployment in Greece’, Journal of Policy Modeling.

61) Apergis, N. and S. Miller (2005) ‘Money volatility and output volatility: any asymmetric effects? Evidence from conditional measures of volatility’, Journal of Economic Studies. 10

62) Apergis, N. (2006) ‘Housing prices and the macroeconomy: Evidence from a panel of European Mediterranean countries’, Indian Journal of Economics & Business, 5, 1.

63) Apergis, N. and A. Rezitis (2007) ‘Spillover effects in agricultural prices: A panel cointegration and causality approach’, Journal of Agricultural and Food Economics.

64) Apergis, N., C. Katrakilidis, and N. Tabakis (2006) ‘Dynamic linkages between FDI inflows and domestic investment: A panel cointegration approach ‘, Atlantic Economic Journal 34, 385-394.

65) Α pergis, N., I. Filippidis, and Economidou, C. (2007) ‘Financial deepening and economic growth linkages: a panel data analysis’, Review of World Economics (Weltwirtschaftliches Archiv) 143, 179-198.

66) Apergis, N. and Miller, S. (2007), ‘Consumption Asymmetry and the Stock Market: Empirical Evidence’, Economics Letters 93, 337-342.

67) Apergis, N. and Alexakis, P. (2008) ‘Stock returns and expected output: evidence from the G7 economies’, International Journal of Economic Research.

68) Apergis, N., Miller, S., Panethimitakis, A. and Vamvakidis, T. (2009) ‘Inflation Targeting and Output Growth: Evidence from Aggregate European Data”, Economic and Financial Modelling.

69) Apergis, N., Lyroudi, K. and McCarty, D. (2007) ‘The role of liquidity for the UK companies: A panel cointegration and causality approach’, Asian-African Journal of Economics and Econometrics.

70) Apergis, N. and Theodosiou, Ι . (2007) ‘The employment-wage relationship: was Keynes right after all?’, American Review of Political Economy 11

71) Apergis, N. and S. Miller (2007) ‘Total factor productivity and monetary policy: Evidence from conditional volatility’, International Finance.

72) Apergis, N. (2009) ‘Foreign direct investment inward and outward: Evidence from panel data, developed and developing economies, open and closed economies’, The American Economist, 53.

73) Apergis, N., C. Katrakalidis and N. Tambakis (2007) ‘Foreign Direct Investment Inward and Foreign Direct Investment Outward; Evidence from Panel Data, Indian Development Review: An International Journal of Development Economics.

74) Apergis, N., K. Lyroudi (2008) ‘Private and Government Consumption in Transitional Economies: A Panel Data Analysis’, Journal of Economic Development 33, 113-131.

75) Apergis, N. (2008) ‘Foreign Direct Investment Inward and Foreign Direct Investment Outward: Evidence from Panel Unit Root and Cointegration Tests with a Certain Number of Structural Changes’ Global Economy Journal (published by Berkley University)

76) Apergis, N., Economidou C. and Phillipidis, I. (2008) ‘Innovation, Technology Transfer and Labor Productivity Linkages: Evidence from a Panel of Manufacturing Industries, Review of World Economics (Weltwirtschaftliches Archiv).

77) Apergis, N., Lyroudi, K. and Vamvakidis, A. (2008) ‘The relationship between FDI and economic growth: Evidence from transition countries’, Transition Studies Review, 15, 37-51. 12

78) Apergis, N. and J. Payne (2009) ‘Energy consumption and economic growth in Central America: Evidence from a panel cointegration and error correction model’, Energy Economics, 31, 211-216.

79) Apergis, N. and Eleftheriou, S. (2009) ‘Firm profitability and stock returns: Is there any role of the firm size? A panel data approach’, International Journal of Economic Issues.

80) Α pergis, N., Economidou, C. and Phillipidis, J. (2009) ‘International technology spillovers, human capital and productivity linkages: Evidence from the industrial sector’, Empirica.

81) Apergis, N. and Ventouris, L. (2009) ‘Asymmetries in monetary policy’, International Journal of Economic Research

82) Apergis, N. and J. Payne (2009) ‘Energy consumption and economic growth: Evidence from the commonwealth of independent states’, Energy Economics, 31, 641- 647.

83) Apergis, N. and S. Miller (2009) ‘Do structural oil-market shocks affect stock prices?’, Energy Economics 31, 569-575.

84) Apergis, N. and J. Payne (2009) ‘CO2 Emissions, Energy Usage, and Output in Central America’, Energy Policy, 37, 3282-3286.

85) Apergis, N. (2009) ‘Technology, Human Capital and Growth: Further Evidence from Threshold Cointegration’, Open Economics Journal.

86) Apergis, N. and Tsoumas, C. (2009) ‘A survey on the Feldstein-Horioka puzzle: What has been dome and where we stand’, Research in Economics 63, 64-76. 13

87) Apergis, N. and Lamprinidis, L. (2012, forthcoming) ‘More Evidence on the Relationship between the Stock and the Real Estate Market’, Briefing Notes in Economics.

88) Apergis, N. and Payne, J. (2010) ‘The Emissions, Energy Consumption and Growth Nexus: Evidence from the Commonwealth of Independent States’, Energy Policy 38, 650-655.

89) Apergis, N. and Payne, J. (2010) ‘Renewable Energy Consumption and Economic Growth: Evidence from a Panel of OECD Countries’, Energy Policy 38, 656-660.

90) Apergis, N. (2009) ‘Bank Profitability over Different Business Cycles Regimes: Evidence from Panel Threshold Models’, Banks and Bank Systems.

91) Apergis, N. (2009) ‘Demand and Supply Oil Shocks and Stock Prices: Evidence from Panel Data and Variance Decomposition Tests’, Journal of Money, Investment and Banking.

92) Apergis, N. and Sorros, I. (2009) ‘The role of disaggregated earnings for stock prices: Evidence from listed shipping firms and panel tests’, Research in Applied Economics, 1-24.

93) Apergis, N. and Panethimitakis, A. (2011) ‘Stylized Facts of Greek Business Cycles: New Evidence from Aggregate and Across Regimes Data’, International Journal of Economics & Business Research.

94) Apergis, N. and Payne, J. (2010) ‘A panel study of nuclear energy consumption and economic growth’, Energy Economics 32, 545-549.

95) Apergis, N. and Stratigos, D. (2010) ‘House prices and monetary policy’, International Journal of Economic Research. 14

96) Apergis, N., Dincer, O. and Payne, J. (2010) ‘The relationship between corruption and income inequality in U.S. states: Evidence from a panel cointegration and error correction model’, Public Choice 145, 125-135.

97) Apergis, N., E. Panopoulou and C. Tsoumas (2010) ‘Old wine in a new bottle: Growth convergence dynamics in the EU’, Atlantic Economic Journal 38, 169-181.

98) Apergis, N. and Payne, J. (2010) ‘Coal consumption and economic growth: Evidence from a panel of OECD countries’, Energy Policy 38, 1353-1359.

99) Apergis, N. and Payne, J. (2010) ‘The causal dynamics between coal consumption and growth: Evidence from emerging market economies’, Applied Energy 87, 1972- 1977.

100) Apergis, N., Loomis, D. and Payne, J. (2010) ‘Are fluctuations in coal consumption transitory or permanent? Evidence from a panel of U.S. States’, Applied Energy 87, 2424-2426.

101) Apergis, N. and Payne, J. (2011, forthcoming), ‘On the dynamics of poverty and income inequality in U.S. states’, Journal of Economic Studies.

102) Apergis, N. and Payne, J. (2010) ‘Natural gas consumption and economic growth: A panel investigation of 67 countries’, Applied Energy 87, 2759-2763.

103) Apergis, N., Antzoulatos, A. and Tsoumas, C. (2010) ‘Financial structure and industrial structure’, Bulletin of Economic Research.

104) Apergis, N. (2010) ‘Nonlinearities between oil spot and futures markets: Evidence from intraday data’, Chinese Business Review. 15

105) Apergis, N., Loomis, D. and Payne, J. (2010) ‘Are shocks to natural gas consumption temporary or permanent? Evidence from a panel of U.S. states, Energy Policy 38, 4734-4736.

106) Apergis, N. and J. Payne (2010) ‘Energy consumption and growth in South America: Evidence from a panel error correction model’, Energy Economics 32, 1421- 1426.

107) Apergis, N. and Sorros, J. (2010) ‘Disaggregated Earnings and Stock Prices: Evidence from International Listed Shipping Firms’, International Advances of Economics Research.

108) Apergis, N. (2010) ‘Ted spreads and monetary policy: Has the financial crisis signalled significant monetary policy changes?’, Empirical Economics Letters.

109) Apergis, N. and Payne, J. (2010), ‘Renewable Energy Consumption and Growth in Eurasia’, Energy Economics, 32, 1392-1397.

110) Apergis, N. and Payne, J. (2010), ‘Structural Breaks and Petroleum Consumption in U.S. States: Are Shocks Transitory or Permanent?’, Energy Policy 38, 6375-6378.

111) Apergis, N., Payne, J., Menyah, K. and Wolde-Rufael, Y. (2010), ‘On the Causal Dynamics between Emissions, Nuclear Energy, Renewable Energy, and Economic Growth’, Ecological Economics 69, 2255-2260.

112) Apergis, N. and Pekka-Economou, V. (2010), ‘Incentives and Female Entrepreneurial Acitivity: Evidence from Panel Firm Level Data’, International Advances of Economic Research.

113) Apergis, N. and Payne J. (2010) ‘The Renewable Energy Consumption-Growth nexus in Central America’, Applied Energy 88, 343-347. 16

114) Apergis, N. and Rezitis, A. (2011) ‘Food Price Volatility and Macroeconomic Factors: Evidence from GARCH and GARCH-X Estimates’, Journal of Agricultural & Applied Economics 43.

115) Apergis, N., Christou, C. and Payne, J. (2011) ‘Convergence Patterns in Equity Markets: International Evidence from the Club Convergence and Clustering Procedure’, Advances in Investment Analysis and Portfolio Management.

116) Apergis, N. and Lake, A. (2011) ‘Credit Default Swaps and Stock Prices: Further Evidence of Mean and Volatility Transmission using a GARCH-M Model’, China-USA Business Review.

117) Apergis, N. and Payne, J. (2011) ‘Renewable Energy Consumption, Growth, and Economic Development: An Exploratory Panel Analysis’, Advances in Energy Research.

118) Apergis, N. (2010) ‘Old Wine in a New Bottle: Are Financial Variables Omitted Variables in the Production Function?’, Research in World Economy 1, 2-9.

119) Apergis, N., Christou, C. and Payne, J. (2011) ‘Political and Institutional Factors in the Convergence of International Equity Markets: Evidence from the Club Convergence and Clustering Procedure’, Atlantic Economic Journal.

120) Apergis, N. and Payne, J. (2011) ‘A Dynamic Panel Study of Economic Development and the Electricity-Consumption-Growth Nexus’, Energy Economics 33, 770-781.

121) Apergis, N., Mamatzakis, E. and Staikouras, C. (2011) ‘Testing for Regime Changes in Greek Sovereign Debt Crisis’, International Advances in Economic Research. 17

122) Apergis, N. and Sorros, J. (2011) ‘Long-Term Debt and the Value of the Firm: Evidence from International Listed Manufacturing Firms’, Review of Economics & Finance.

123) Apergis, N., Artikis, P. and Sorros, J. (2011) ‘Asset Pricing and Foreign Exchange Risk’, Research in International Business and Finance.

124) Apergis, N. (2011) ‘Characteristics of Inflation in Greece: Mean Spillover Effects among CPI Components’, Hellenic Observatory LSE, GreeceSE Paper Series, No.43.

125) Apergis, N. and Payne, J. (2012) ‘Tourism and growth in the Caribbean: Evidence from a panel error correction model’, Tourism Economics.

126) Apergis, N. and Alevizopoulou, E. (2011) ‘Bank efficiency and the bank lending channel: evidence from a panel of European banks’, Global Business & Economics Anthology 11, 30-43.

127) Apergis, N., Zestos, G. and Shaltayev, D. S. (2011) ‘Do market fundamentals determine the dollar-euro exchange rate?’, Journal of Policy Modeling.

128) Apergis, N., Artikis, P., Sorros, J. and Zisis, V. (2011) ‘Bankruptcy Probability and Stock Prices: The Effect of ALTMAN Z-Score Information on Stock Prices: Evidence from Panel Data’, Modern Accounting and Auditing.

129) Apergis, N. and Payne, J. (2011) ‘Renewable and Non-Renewable Energy Consumption-Growth Nexus: Evidence from a Panel Error Correction Model’, Energy Economics 34, 733-738.

130) Apergis, N., Payne, J. and Saunoris, J. W. (2012, forthcoming) ‘Tax-spend nexus in Greece: Are there asymmetries?’, Journal of Economic Studies. 18

131) Apergis, N. and Tsoumas, C. (2012) ‘Integration Properties of Disaggregated Solar, Geothermal and Biomass Energy Consumption in the U.S.’, Energy Policy 39, 5474- 5479.

132) Apergis, N. and Alevizopoulou, E. (2012) ‘The Bank Lending Channel and Monetary Policy Rules: Evidence from European Banks’, International Advances of Economics Research 18, 1-14.

133) Apergis, N., Christou, C. and Tsoumas, C. (2011) ‘Fractional integration and U.S. Disaggregated natural gas energy consumption: New evidence in the presence of structural breaks’, The Empirical Economics Letters, 10.

134) Apergis, N., Artikis, G., Eleftheriou, S. and Sorros, J. (2011) ‘Accounting information and cost of capital: A theoretical approach’, Modern Economy.

135) Apergis, N. and Payne, J. (2012) ‘A global perspective on the renewable energy consumption-growth nexus’, Energy Sources, Part B: Economics, Planning, and Policy 7, 314-322.

136) Apergis, N. and Payne, J. (2011) ‘Renewable energy consumption, growth, and economic development: an explanatory panel analysis’, Advances in Energy Research 9, 1-14.

137) Apergis, N. (2011) ‘Financial crisis and the real estate market in Greece: The impact on bank stock prices’, International Journal of Economics and Business Research. 19

138) Apergis, N. and Payne, J. (2011) ‘Renewable and non-renewable electricity consumption-growth nexus: Evidence from emerging market economies’, Applied Energy 88, 5226-5230.

139) Apergis, N. and Sorros, J. (2011) ‘The role of fixed capital depreciations for TFP growth: Evidence from firm level panel data estimates’, Journal of Economics and Finance.

140) Apergis, N. and Alevizopoulou, E. (2011) ‘Bank efficiency: evidence from a panel of European banks’, Panoeconomicus.

141) Apergis, N., Artikis, G., Eleftheriou, S. and Sorros, J. (2011) ‘Accounting information and excess stock returns: the role of the cost of capital-new evidence from US firm-level data’, Applied Financial Economics.

142) Apergis, N., Christou, C. and Miller, S. (2012) ‘Convergence patterns in financial development: evidence from club convergence’, Empirical Economics 43, 1011- 1040.

143) Apergis, N., O. Dincer and J. Payne (2012, forthcoming) ‘Economic freedom and income inequality revisited’, Contemporary Economic Policy.

144) Apergis, N., O. Dincer, J. Payne (2012, forthcoming) ‘Live free or bribe: on the causal dynamics between economic freedom and corruption in U. S. States’, European Journal of Political Economy. 20

145) Apergis, N. and Payne, J. (2012, forthcoming) ‘On the causal dynamics between renewable and non-renewable energy consumption and economic growth in developed and developing countries’, Energy Systems.

146) Apergis, N., Gabrielsen, M., Payne, J. and Zagaglia, P. (2012, forthcoming) ‘Convergence of the Tier 1 capital ratio in the European banking sector: A non-linear factor approach’, International Journal of Monetary Economics and Finance.

147) Apergis, N. and Payne, J. (2012, forthcoming) ‘The electricity consumption-growth nexus: renewable versus non-renewable electricity in Central America’, Energy Sources, Part B: Economics, Planning and Policy, 7, 423-431.

148) Apergis, P., Dincer, O. and Payne, J. (2012, forthcoming) ‘Economic freedom and income inequality revisited’, Contemporary Economic Policy.

149) Apergis, P., Artikis, G., Eleftheriou, S. and Sorros, J. (2012, forthcoming) ‘Accounting Information, the Cost of Capital and Excess Stock Returns: The Role of Earnings Quality-Evidence From Panel Data’, International Business Research.

150) Apergis, N. and Payne, J. (2012, forthcoming) ‘Convergence in U.S. house prices by States: Evidence from the club convergence and clustering procedure’, Letters in Spatial and Resource Sciences.

151) Apergis, N. and Payne, J. (2012, forthcoming) ‘Another look at the electricity consumption-growth nexus in South America’, Energy Sources, Part B: Economics, Planning, and Policy. 21

152) Apergis, N. and Fafaliou, I. (2012, forthcoming) ‘The Determinants of Business Starts-ups in Tertiary Education: Evidence for Greece through a Panel Data Approach’, Journal of Economics and Finance.

153) Apergis, N. and Christou, C. (2012, forthcoming) ‘Dependency rates and savings: the African evidence with panel data’, International Journal of Business and Management.

154) Apergis, N. and Sorros, J. (2012, forthcoming) ‘Fixed capital depreciations and TFP growth: evidence from firm’s economic balances’, International Journal of Finance- AESTMATIO.

155) Apergis, N. and Witkowska, D. (2012, forthcoming) ‘Mean Reversion or Efficiency? New Tests and Evidence from CEE Markets’, The Empirical Economics Letters.

156) Apergis, N., Payne, J. and Tsoumas, C. (2012, forthcoming) ‘Bank’s management and credit rating change: Evidence from the US banking industry’, Banking and Finance Review.

157) Apergis, N. and Chaimanis, P. (2013, forthcoming) ‘Volatility as a risk measure in finance: evidence from a wide country sample’, International Journal of Economics Research.

158) Apergis, N., Artikis, P. and Mamatzakis, E. (2012, forthcoming) ‘Is weather important for US banking? A study of bank loan inefficiency’, Journal of Applied Finance and Banking.

159) Apergis, N. and Bosdelekidou, E. (2012, forthcoming) ‘Exchange rates and productivity’, International Journal of Economic Research 22

160) Apergis, N. and Artikis, P. (2012, forthcoming) ‘Weather conditions and the bank lending channel: a GMM approach from US banking’, International Journal of Financial Research.

161) Apergis, N. and Gabrielsen, A. (2012, forthcoming) ‘Optimal hedge ratio estimation during the credit crisis: an application of higher moments’, Frontiers in Finance and Economics.

162) Apergis, N. and Gabrielsen, A. (2012, forthcoming) ‘The bank lending channel and lunar phases: evidence from a panel of European banks’, Journal of Finance and Investment Analysis.

163) Apergis, N. and Eleftheriou, S. (2012, forthcoming) ‘The Role of macroeconomic factors in explaining the cost of capital: evidence from a group of emerging economies’, Asian Journal of Finance and Accounting.

164) Apergis, N., Gabrielsen, A., Payne, J. and Zagaglia, P. (2012, fortcoming) ‘Testing for convergence in the European insurance sector: a non-linear factor approach’, Asian Journal of Finance and Accounting.

165) Apergis, N., Christou, C. and Johnson, S. (2012, forthcoming) ‘Any convergence or divergence patterns in earnings to price ratios? International evidence from the club convergence and clustering procedure’, The International Journal of Finance.

166) Apergis, N. and Tsoumas, C. (2012, forthcoming) ‘Long memory and disaggregated energy consumption: evidence from fossil fuels, coal and electricity retail in the U.S.’, Energy Economics.

167) Apergis, N. (2012, forthcoming) ‘The domestic Balassa-Samuelson effect of inflation for the Greek economy’, Applied Economics. 23

168) Apergis, N. and Papoulakos, D. (2012, forthcoming) ‘The New Zealand dollar and milk prices’, International Journal of Financial Services Management.

169) Apergis, N. and Danuletiu, D. (2012) ‘Energy consumption aqnd growth in Romania: evidence from a panel error correction model’, International Journal of Energy Economics and Policy 2, 348-356.

170) Apergis, N. (2012) ‘Stylized characteristics of the Greek inflation: Some policy recommendations’, European Politics and Policy (EUROPP), London School of Economics.

171) Apergis, N. and Papoulakos, D. (2013) ‘The Australian dollar and gold prices’, Open Economics Journal 6, 1-10.

172) Apergis, N., Asteriou, D. and Papathoma, K. (2013, forthcoming) ‘The explanatory variables pf outword FDI: panel evidence for Greece’, American Journal of Economics and Business Administration.

173) Apergis, N. and Mamatzakis, E. (2013, forthcoming) ‘What are the driving factors behind the rise of spreads and CDS of euro-area sovereign bonds? A FAVAR model for Greece and Ireland’, International Journal of Economics & Business Research.

174) Apergis, N. and Payne, J. (2013, forthcoming) ‘The relationship between International Financial Reporting Standards, carbon emissions, and R&D expenditures: evidence from European manufacturing firms’, Ecological Economics.

175) Apergis, N. and Monastiriotis, V. (2013, forthcoming) ‘Price concentration: new evidence from Greek industries and the Cournot model’, Economic Papers. 24

176) Apergis, N. and Payne, J. (2013, forthcoming) ‘An exploratory analysis of electricity consumption and stock prices: evidence from OECD countries’, Energy Sources, Part B: Economics, Planning, and Policy.

PUBLICATIONS (Volumes): Alexakis, P. and Apergis, N. (1994) ‘Monetary Policy in Greece: The Impact of the EC Membership’, in European Membership Evaluated-Greece, edited by Panos Κazakos and Ioakimidis, Pinter Publications, London.

Alexakis, P. and Apergis, N. (1997) ‘Macroeconomic Fundamentals and Stock Prices in the Athens Stock Exchange’ in Athens Stock Exchange Annual Studies, Papazisis Editions.

Apergis, N. (1997) ‘The Relationship between Price Dispersion in Stock Prices and Unemployment: The Case of Greece’ in The Unemployment Problem in Greece, edited by The University of Crete Publications.

Apergis, N. (1998) ‘Sources of the Price Process: Evidence from ERM and Non-ERM Membership, A VAR Approach’, in Volume: Essays in Economic Analysis, (edited by G. Demopoulos, P. Korliras, K. Prodromidis), Athens, Sideris Publishers.

Apergis, N. (1999) ‘Forecasting Stock Prices from Macroeconomic Fundamentals: Further Evidence from an Error Correction Model’, Advances in Quantitative Analysis of Finance and Accounting, Volume 7, Jai Press Inc., Stamford, Connecticut, 165- 177.

Apergis, N. (2000) 'Survey on Savings', Reader's Guide to Social Sciences, FITZROY DEARBORN PUBLISHERS, London.

Apergis, N. and Kyrkilis, D. (2003) 'Output, Exchange Rate, Inflation, and Monetary Dynamics in Transitional Southeast European Economies: Evidence through a Panel 25

Country Set', in Globalisation, Growth and Poverty, Edited by V. B. Jugale, New Delhi, Serials Publications.

Apergis, N. and Zikos, S. (2004) ‘An examination of Okun’s law in Greece: Implications for unemployment’, Volume in honor for Prof. S. Sarantidis, Department of Economics, University of Pireaus.

Apergis, N. (2010) ‘The recent financial crisis and the real estate market in Greece: Implications for banking stocks’, in The Implications of the Recent Financial Crisis for the Greek Economy, Union of Hellenic Banks.

PUBLICATIONS ( Μ onographs ) : Alexakis P. and Apergis, N. (1998) ‘Business Cycles and Exchange Rate Regimes: Theory and Evidence from Eight Industrialized Economies’, Μonography, Gutenberg Publications, George Dardanos.

PUBLICATIONS ( Working Papers ) : Apergis, N., S. Miller, A. Panethimitakis, and A. Vamvakidis (2004) ‘Inflation Targeting and Output Growth: Evidence from Aggregate European Data’, Working Paper/04/148, International Monetary Fund.

Apergis, N. and S. Miller (2004) ‘Consumption asymmetry and the stock market: Further evidence’, Working Paper Series 2004-19, Department of Economics, University of Connecticut.

Apergis, N. and Miller, S. (2005) ‘Resurrecting the wealth effect on consumption: further analysis and extensions’, Working Paper No. 2005-07, Department of Economics, University of Connecticut.

Apergis, N. (2010) ‘Mean spillover effects among CPI components: The case of Greece’, Hellenic Observatory Publication Series, UK: London School of Economics. 26

Apergis, N., Christou, C. and Miller, S. (2010) ‘Country and industry convergence of equity markets: international evidence from club convergence and clustering’, Working Paper, No. 2010-33, University of Connecticut, Department of Economics.

Apergis, N. and Mamatzakis, E. (2012) ‘What are the driving factors behind the rise of spreads and CDS of euro-area sovereign bonds? A FAVAR model for Greece and Ireland’, Levy Economics Institute of Bard College Working Paper Series,

CITATIONS Alexakis, P. and Apergis, N. (1994) ‘The Feldstein-Horioka Puzzle and Exchange Rate Regimes: Evidence from Cointegration Tests’, Journal of Policy Modeling, 16, 459- 472. by: 1) Mamingi, N. (1997) 'Saving-investment correlations and capital mobility: The experience of developing countries', Journal of Policy Modeling 6, 605-626.

2) Coakley, J., Kulasi, F. and Smith, R. (1998) ‘The Feldstein-Horioka puzzle and capital mobility: A review’, International Journal of Finance and Economics 3, 169-188.

3) Kang H. J. (1999) 'The applied cointegration analysis for the open economy: A critical review', Open Economies Review 10, 325-346.

4) Papadopoulos A. and Papanikos G. (2002) 'Exchange rate regimes and the linkage between money and output in Greece', Journal of Policy Modeling 24, 103-117.

5) Pelagidis, T. and Mastroyiannis, T. (2003) ‘The savings-investment correlation in Greece, 1960-1997: implications for capital mobility’, Journal of Policy Modeling. 27

6) E. Ozmen and K. Parmakslz (2003) ‘Policy regime change and the Feldstein-Horioka puzzle: the UK evidence’, Journal of Policy Modeling 25, 137-149.

7) Narayan, P. K. (2005) ‘The relationship between saving and investment for Japan’, Japan and the World Economy 17, 293-309.

8) H. Herwartz and F. Xu (2006) ‘Panel data model comparison for empirical saving- investment relations’, Working Paper, No. 6/2006, University of Kiel.

9) J. Westerlund (2006) ‘Testing for panel cointegration with multiple structural breaks’, Oxford Bulletin of Economics and Statistics 68, 101-132.

10) Κollias, C., Mylonidis, N., and Paleologou, S-M. (2008) ‘The Feldstein-Horioka Puzzle Across EU Members’, International Review of Economics and Finance 17, 380- 387.

11) Kant, C. (2005) ‘Capital mobility among advanced countries’, Journal of Policy Modeling 27, 1067-1081.

12) Jungmittag, A. and Untiedt, G. (2002) ‘Capital mobility in Europe from an empirical viewpoint: evidence and implications for economic policy’, Jahrbucher fur Nationalokonomie und Statistik 222, 42-63.

13) Adams, F. G. and Prazmowski, P. A. (2003) ‘Why are saving rates in East Asia so high? Reviving the life cycle hypothesis’, Empirical Economics.

14) Herwartz, H. and Xu, F. (2005) ‘Panel data model comparison for empirical saving- investment relations’, Working Paper, University of Kiel.

15) Ang, J. B. (2007) ‘Are saving and investment cointegrated?’, Applied Economics. 28

16) Toseef, A., Muhammad, J. and Kousar, A. (2005) ‘Impact of exchange rate volatility on growth and economic performance: A case study of Pakistan, 1973-2003’, The Pakistan Development Review 44, 749-775.

17) Kang, H. (1999) ‘The applied cointegration analysis for the open economy: A critical review’, Open Economies Review 10, 325-346.

18) Gutierrez, L. (2005) ‘Tests for cointegration in panels with regime shifts’, Econometrics 0505007, EconWPA.

19) Payne, J. E. (2005) ‘Savings-investment dynamics in Mexico’, Journal of Policy Modeling 27, 525-534.

Apergis, N. and Karfakis, C. (1996) ‘Sources of Fluctuations in Exchange Rates: A Structural VAR Analysis’, Applied Economics Letters, 3, 251-254. by: 20) Erlat H. and Erlat G. (1998) 'Some methodological comments on 'Sources of fluctuations in exchange rates: a structural VAR analysis'', Applied Economic Letters 5, 269-270.

21) Erlat, H. and Erlat, G. (1998) ‘Permanent and transitory shocks on real and nominal exchange rates in Turkey during the post-1980’, Atlantic Economic Journal.

Alexakis, P. and Apergis, N. (1996) ‘ARCH Effects and Cointegration: Is the Foreign Market Efficient?’, Journal of Banking and Finance, 20, 687-697. by: 22) Dominguez E. and Novales A. (2000) 'Testing the expectations hypothesis in Eurodeposits', Journal of International Money and Finance 19, 5, 713-736. 29

23) Aron J. and Ayogu M. (1997) 'Foreign exchange market efficiency tests in Sub- Saharan Africa', Journal of African Economics 6, 150-192.

24) M. S. Pan, Y. A. Liu, and H. J. Roth (1999) ‘Common stochastic trends and volatility in Asian-Pacific equity markets’ Global Finance Journal 10, 161-172.

25) Delcoure, N., Barkoulas, J., Baum, C. F. and Chakraborty, A. (2003) ‘The forward rate unbiasdness hypothesis re-examined: evidence from a new test’, Global Finance Journal 14, 83-93.

26) Elyasiani, E. and Kocagil, A. E. (2001) ‘The interdependence and dynamics in currency futures markets: A multivariate analysis of intraday data’, Journal of Banking and Finance 25, 1161-1186.

27) Corazza, M. and Malliaris, A. G. (2002) ‘Multi-fractality in foreign currency markets’, Multinational Finance Journal.

28) Shivan, M. and Jayadev, M. (2004) ‘The interest rate term structure in the Indian money market’, The 6th Annual Conference on Money and Finance.

29) Ego, M. A. and Sebudde, R. K. (2002) ‘Measuring efficiency of a market in transition: The Ugandan foreign exchange market’, Working Paper, Bank of Uganda.

30) Allen, J. and McVanel, D. (2009) ‘Price movements in the Canadian residential mortgage market’, Working Papers 09-13, Bank of Canada.

31) Sin, C. Y. (2004) ‘Estimation and testing for partially nonstationary vector autoregressive models with GARCH: WLS versus QMLE’, Econometric Society 2004 North American Summer Meetings 476. 30

32) Cheung, A. W. K., Su, J. J. and Choo, A. K. (2011) ‘Are euro exchange rate markets efficient? New evidence from a large panel’, Discussion Papers in Finance, Griffith University, Department of Accounting, Finance and Economics.

33) Aggarwal, R. and Muckley, C. B. (2010) ‘Assessing co-ordinated Asian exchange rate regimes: proposal for a possible move towards a common currency’, Journal of International Financial Markets, Institutions and Money 20, 149-165.

34) Bredin, D. and Mucklay, C. (2011) ‘An emerging equilibrium in the EU emissions trading scheme’, Energy Economics 33, 353-362.

35) Lucey, B. M. and Muckley, C. (2011) ‘Robust global stock market interdependencies’, International Review of Financial Analysis 20, 215-224.

Apergis, N. and Eleftheriou S. (1997) ‘The Efficient Hypothesis and Deregulation: The Greek Case’, Applied Economics, 29, 111-117. by: 36) Napolitano, O. (2000) ‘The efficiency hypothesis and the role of ‘news’ in the euro/British pound exchange rate market: An empirical analysis using daily data’, Institute for Social and Economic Research Working Paper, No. 30.

37) Napolitano, O. (2002) ‘The euro exchange rate efficiency and risk premium: An ECM model’, Working Paper, Brunel University.

38) Cooray, A. (2000) ‘The impact of deregulation on financial market efficiency in Sri Lanka’, Working Paper, University of South Wales, Australia.

39) Canale, R. P. and Napolitano, O. (2001) ‘Efficiency and news in exchange rate market: The euro/dollar case’, Working Paper, University of Brunel. 31

40) Laopodis, N. (2004) ‘Financial market liberalization and stock market efficiency: evidence from the Athens Stock Exchange’, Global Finance Journal 15, 103-123.

Apergis, N. (1997) ‘Inflation Uncertainty, Money Demand and Monetary Deregulation: Evidence from a Univariate ARCH Model and Cointegration Tests’, Journal of Policy Modeling, 19, 279-293. by: 41) N. C. Garganas and G. S. Tavlas (2001) ‘Monetary regimes and inflation performance: The case of Greece’, in Greece’s Economic Performance and Prospects, Bank of Greece.

42) Biscarri, J. G., Moreno, A. and Gracia F. P. (2010) ‘Money demand accommodation: impact on macro-dynamics and policy consequences’, Journal of Policy Modeling 32, 138-154.

Apergis, N. (2000) 'Public and Private Investments in Greece: Complementary or Substitute Goods', Bulletin of Economic Research 52, 225-234. by: 43) Mamatzakis, E. C. (2001) 'Public Spending and Private Investment: Evidence from Greece', International Economic Journal, 33-46.

44) Romp, W. and de Haan, J. (2007) ‘Public capital and economic growth: A critical survey’, Perspektiven der Wirtschaftspolitik.

45) Agenor, P. R., Nabli, M. K. and Yousef, T. M. (2005) ‘Public infrastructure and private investment in the Middle East and North Africa’, Working Paper, World Bank, Washington. 32

46) Lutfi, E. and Holcombe, R. G. (2006) ‘The linkage between public and private investment: A co-integration analysis of a panel of developing countries’ Eastern Economic Journal 32, 479-492.

47) Lugo, O. A. M. (2008) ‘The differential impact of real interest rates and credit availability on private investment: Evidence from Venezuela’, BIS Papers Chapters 35, 501-577, Bank for International Settlements.

48) Alfano, M. R. and Baraldi, A. L. (2008) ‘The design of electoral rules and their impact on economic growth: The Italian case’, Working Papers 3-2008, Department of Economic Studies, University of Naples.

49) Bank for International Settlements (2008) ‘Transmission mechanisms for monetary policy in emerging market economies’, BIS Papers No. 35.

50) Romp. W. and de Haan, J. (2007) ‘Public capital and economic growth: a critical survey’, Perspectiven der Wirtschaftspolitik, Wiley Blackwell, 8, 6-52.

51) Narayan, P. K. (2004) ‘Do public investments crowd out private investments? Fresh evidence from Fiji’, Journal of Policy Modeling 26, 747-753.

52) Bitzenis, A., Tsitouras, A. and Vlachos, V. A. (2009) ‘Decisive FDI obstacles as an explanatory reason for limited FDI inflows in an EMU member state: the case of Greece’, The Journal of Socio-Economics 38, 691-704.

Apergis, N. and Rezitis, A. (2001) 'Asymmetric cross-market volatility spillover effects: evidence from intra-day data on equity and foreign exchange markets', Manchester School of Economics 69, 81-96. by: 33

53) Sidiropoulos, M. and Trabelsi, J. (2002) 'The stock market and exchange rate volatilities', Economia.

54) Maghrebi, N., Holmes, M. J. and Pentecost, E. J. (2006) ‘Are there asymmetries in the relationship between exchange rate fluctuations and stock market returns?, Review of Pacific Basin Financial Markets and Policies 9, 229-256.

55) Milunovich, G. and Thorp, S. (2006) ‘Valuing volatility spillovers in European stock markets’, Global Finance Journal 17, 1-22.

56) Buguk, C., Hudson, D. and Hanson, T. (2003) ‘Price volatility spillover in agricultural markets: An examination of U.S. catfish markets’, Journal of Agricultural and resource Economics 28,.

57) Oyewumi, O. A. and Sarket, R. (2010) ‘Volatility spillover in a customs union: the case of South Africa sheep import from Namibia’, 2010 Africa 96196, African Association of Agricultural Economics and Agricultural Association of South Africa.

Apergis, N. and Tsoulfidis, E. (1998) ‘Money Supply Endogeneity in Greece: Further Evidence from Cointegration and Causality Tests‘, Rivista Internationale di Scienze Economiche e Commerciali, 45, 167-184. by: 58) C. Karpetis and E. Varelas (2002) 'Testing money supply endogeneity', European Research Studies.

59) Panagopoulos, Y. and Spiliotis, A. (2004) ‘An empirical approach to the Greek money supply’, Working Paper, Center of Planning and Economic Research, Athens. 34

Apergis, N. (1999) ‘Inflation Uncertainty and Money Demand: Evidence from a Monetary Regime Change and the Case of Greece‘, International Economic Journal 13, 21-30. by: 60) N. C. Garganas and G. S. Tavlas (2001) ‘Monetary regimes and inflation performance: The case of Greece’, in Greece’s Economic Performance and Prospects, Bank of Greece.

61) Karpetis, C. (2006) ‘Money, income and inflation in equilibrium-The case of Greece’, International Advances of Economic Research.

62) Bahmani-Oskooee, M. and Economidou, C. (2005) ‘How stable is the demand for money in Greece?’, International Economic Journal 19, 461-472.

Α pergis, N., Katrakilidis, K., and Tabakis, N. (2000) 'Current Account Deficit Sustainability: The Case of Greece', Applied Economic Letters 7, 599-603. by: 63) Α. Ζ. Baharumshah, E. Lau, and S. Fountas (2003) 'On the sustainability of current account deficits: evidence from four Asian countries’, Journal of Asian Economics 14, 465-487.

64) Kalyoncu, H. (2005) ‘International intertemporal solvency in OECD countries: Evidence from panel unit root’, Prague Economic Papers, 1, 82-88.

65) Zombanakis, G., Stylianou, C. and Andreou, A. (2009) ‘The Greek current account deficit: Is it sustainable after all?’, Working Paper, Bank of Greece.

66) Konya, L. (2009) ‘The sustainability of the current account in the Czech Republic, Hungary and Slovenia’, Empirical Economics 36, 367-384. 35

67) Herzer, D. and Nowak-Lehmann, F. D. (2005) ‘Are exports and imports of Chile cointegrated?’, Ibero America Institute for Economic Research Discussion Papers 111.

68) Silvestrini, A. (2007) ‘Testing fiscal sustainability in Poland: A Bayesian analysis of cointegration’, Empirical Economics 39, 241-274.

69) Huseyin, K. (2006) ‘International intertemporal solvency in OECD countries: Evidence from panel unit root’, MPRA Paper 855, University Library of Munich, Germany.

70) Ogus, A. and Sohrabji, N. (2008) ‘Intertemporal solvency of Turkey’s current account’, Working Papers 0805, Izmir University of Economics.

71) Reetu, V. and Nelson, P. (2008) ‘An empirical analysis of sustainability of trade deficit: Evidence from Sri Lanka’, International Journal of Applied Econometrics and Quantitative Studies 5, 79-92.

72) Hamizun, I. and Baharumshah, A. (2008) ‘Malaysia’s current account deficits: An intertemporal optimization perspective’, Empirical Economics 35, 569-590.

73) Herzer, D. and Nowak-Lehmann, F. D. (2006) ‘Is there a long-run relationship between exports and imports in Chile?’, Applied Economics Letters 13, 981-986.

74) Perera, N. and Varma, R. (2008) ‘An empirical analysis of sustainability of trade deficit: Evidence from Sri Lanka’, International Journal of Applied Econometrics and Quantitative Studies 5, 79-82.

75) Ayla, B. and Niloufer, S. (2012) Intertemporal solvency of Turkey’s current account’, Panoeconomicus 59, 89-104. 36

76) Bajo-Rubio, O. and Diaz-Roldan and Esteve, V. (2011) ‘Sustainability of external imbalances in the OECD countries’, Working Paper 11-07, Spanish Economic and Finance International Association.

77) Chang, C. K. and Chang, T. (2012) ‘Revisiting the sustainability of current account deficit: SPSM using the panel KSS test with a Fourier function’, Economics Bulletin 32, 538-550.

78) Shyh-Wei, C. (2011) ‘Current account deficits and sustainability: evidence from the OECD countries’, Econoic Modelling 28, 1455-1464.

79) Onel, G. and Utkulu, U. (2006) ‘Modeling the long-run sustainability of Turkish external debt with structural changes’, Economic Modelling 23, 669-682.

80) Pattichis, C. and Kanaan, M. (2001) ‘Is Lebanon’s trade deficit sustainable? A cointegration analysis’, Economia Internazionale, 14, 49-56.

81) Bitans, M. (2002) ‘Analysis of the real exchange rate in Latvia, 1994-2001’. In Relationship between real exchange rate and competitiveness in the Baltic states, Bank of Estonia, Tallinn.

82) Bineau, Y. (2003) ‘Les taux couverture sont-ils stationnaires ? Une verification empirique sur Donnees de panel’, Proceedings by the Growth, Convergences and European Integration conference. French Economics Association, Lille, France, May 2003.

83) Onel, G. (2003) ‘An analysis of Turkish external debt sustainability : Test of intertemporal borrowing constraint’, Proceedings by the 7th International Conference in Economics, Economic Research Center, Middle East Technical University, Ankara, Tutkey, September 2003. 37

84) Lau, E. and Baharumshah, A. Z. (2003) ‘Sustainability of external imbalances: the case of Malaysia’, Singapore Economic Review.

85) Kalyoncu, H. (2005) ‘Sustainability of current account for Turkey: Intertemporal solvency approach’, Prague Economic Papers 2005, 82-88..

86) Gulcan, O. (2006) ‘An analysis of Turkish external debt sustainability: test of intertemporal borrowing constraint’, Working Paper Dokuz Eylul University.

87) Dulger, F. and Ozdemir, Z. A. (2005) ‘Current account sustainability in seven developed countries’, Journal of Economic and Social Research

88) Chen, S. W. (2010) ‘Testing for the sustainability of the current account deficit in four industrial countries: A revisitation’, Economics Bulletin 30, 1474-1495.

89) Ismail, H. and Baharumshah, A. (2008) ‘Malaysia’s current account deficits: An intertemporal optimization perspective’, Empirical Economics 35, 569-590.

90) Mateou, N. H. and Zombanakis, G. A. (2009) ‘Fuzzy cognitive maps face the question of the Greek current account deficit sustainability’, MPRA Paper 38574, University Library of Munich, Germany.

91) Binati, A. O. and Niloufer, S. (2012) ‘Intertemporal solvency of Turkey’s current account’, Panoeconomicus 59, 89-104.

92) Baharumshah, A. Z., Lau, E. And Fountas, S. (2003) ‘On the sustainability of current account deficits; evidence from four ASEAN countries’, Journal of Asian Economics 14, 465-487.

93) Chen, S. W. (2011) ‘Current account deficits and sustainability: evidence from the OECD countries’, Economic Modelling 28, 1455-1464. 38

Alexakis, P., Apergis, N., and Xanthakis, E. (1997) ‘Integration of International Capital Markets: Further Evidence from EMS Non-EMS Membership’, Journal of International Financial Markets, Institutions & Money, 7, 277-287. by: 94) C. Harm (2001) ‘European financial market integration: the case of private sector bonds and syndicate loans’, Journal of International Financial Markets, Institutions and Money 11, 245-263.

95) Syriopoulos, T. (2004) ‘International portfolio diversification to Central European stock markets’, Applied Financial Economics 14, 1253-1268.

96) Bagdatoglou, G. and Kontonikas, A. (2009) ‘A new test of the real interest rate parity hypothesis: Bounds approach and structural breaks’, Working Papers, Department of Economics, University of Glasgow.

97) Arghyrou, M. G., Gregoriou, A. and Kontonikas, A. (2007) Do real interest rates converge? Evidence from the European union’, Working papers 2007-21, Department of Economics, University of Glasgow.

98) Ferreira, A. L. and Leon-Ledesma, M. A. (2007) ‘Does the real interest parity hypothesis hold? Evidence from developed and emerging markets’, Journal of International Money and Finance 26, 364-383.

99) Syriopoulos, T. (2011) ‘Financial integration and portfolio investments to emerging Balkan equity markets’, Journal of Multinational Financial Management 21, 40-54.

100) Lence, S. and Falk, B. (2005) ‘Cointegration, market integration, and market efficiency’, Journal of International Money and Finance 24, 873-890. 39

Apergis, N., Papanastasiou, J., and Velentzas, C. (1997) ‘The Credibility of Policy Announcements: The Greek Evidence’, Applied Economics, 29, 699-705. by: 101) S. Eleftheriou (2004) ‘The determinants of macroeconomic policy credibility: A historical assessment’, International Journal of Economic Research, 1, 11-18.

102) Dijkgraaf, E. and Gradus, R. (2003) ‘Cost savings of contracting out refuse collection’, Empirica, 30, 149-161.

103) Bolufer, J. S. and Escalona, C. R. T. (2004) ‘La credibilidad del sme en el proceso de desinflacion europeo. Aspectos teoricos y evidencia’, Working Paper, University of Rioja, Spain.

104) Laopodis, N. (2004) ‘Financial market liberalization and stock market efficiency: evidence from the Athens Stock Exchange’, Global Finance Journal 15, 103-123.

Apergis, N. and Eleftheriou, S. (2001) 'Stock returns and volatility: evidence from the Athens Stock Exchange Market Index', Journal of Economics and Finance 25, 50-61. by: 105) A. Desilas, A. Koulakiotis, K. Lyroudi, E. Koumanakos (2005) ‘Volume versus GARCH Effects in the Greek Banking Sector, International Journal of Economic Research.

106) Huang, W., Goto, S. and Nakamura, M. (2004) ‘Decision-making for stock trading based on trading probability by considering whole market movements’, European Journal of Operational Research.

107) Johnson, C. A. and Soriano, F. A. (2004) ‘Volatilidad del Mercado acciopnario y la crisis asiatica: evidencia international de asimetrias’, Trimestre Economico. 40

108) Su, E. and Knowles, T. W. (2006) ‘Asian Pacific stock market volatility modelling and value at risk analysis’, Emerging Markets Finance and Trade.

109) Patev, P. and Kanaryan, N. (2005) ‘Behavior and characteristics of the Balkan stock markets’, Working Paper, University of Utah.

110) Ulu, Y. (2005) ‘Out-of-sample forecasting performance of the QGARCH model’, Applied Financial Economics Letters.

111) Diamandis, P. F. (2007) ‘The impact of stock incremental information on the volatility of the Athens Stock Exchange’, Applied Financial Economics.

112) Panagiotidis, T. (2005) ‘Market capitalization and efficiency. Does it matter? Evidence from the Athens Stock Exchange’, Applied Financial Economics.

Apergis, N. and A. Rezitis (2003) ‘Agricultural price volatility spillover effects: The case of Greece’, European Review of Agricultural Economics, 31, 487-488. by: 113) Κostov P. and McErlean, S. (2004) ‘Agricultural price volatility spill-over effects: A comment’, European Review of Agricultural Economics, 31, 481-485.

114) Milunovich, G. and Thorp, S. (2006) ‘Valuing volatility spillovers’, Global Finance Journal 17, 1-22.

Apergis, N. and A. Rezitis (2003) ‘Agricultural price volatility spillover effects: the case of Greece’, European Review of Agricultural Economics, 30, 389-406. by: 41

115) Reziti, I. (2005) ‘The relationship between macroeconomic variables and relative price variability in Greek agriculture’, International Advances of Economic Research, 11, 111-119.

116) Kostov, P. and McErlean, S. (2004) ‘Agricultural price volatility spilliover effects: A comment’, European Review of Agricultural Economics 31, 481-485.

117) Milunovich, G. and Thorp, S. (2005) ‘Valuing, volatility spillovers in European stock markets’, Working Paper, University of South Wales, Australia.

118) Zheng, Y. and Kinnucan, H. W. (2006) ‘News and volatility of food prices’, Working Paper, Cornell University.

119) Kim, G., Silvapulle, M. J. and Silvapulle, P. (2005) ‘Semiparametric estimation of the dependence parameter of the error terms in multivariate regression’, Working Paper, Monash University, Australia.

120) Kong, M., Bong, H. D. and Nayga, R. M. (2012) ‘Interrelationships and volatility transmission between grain and oil prices’, 2012 Annual Meeting, Agricultural and Applied Economics Association, Seattle, Washington.

121) Pozo, V. and Schroeder, T. C. (2012) ‘Price and volatility spillover between livestock and related commodity markets’, 2012 Annual Meeting, Agricultural and Applied Economics Association, Seattle, Washington.

122) Serra, S. and Gil, J. M. (2012) ‘Price volatility in food markets: can stock building mitigate price fluctuations?’, 2012 Annual Meeting, Agricultural and Applied Economics Association, Seattle, Washington.

123) Serra, S. (2011) ‘Foo scare crises and price volatility: the case of the BSE in Spain’, Food Policy 36, 179-185. 42

Apergis, N. and A. Rezitis (2003) ‘Mean spillover effects in agricultural prices: the case of Greece’, Agribusiness 19, 425-437. by: 124) Reziti, I. (2005) ‘The relationship between macroeconomic variables and relative price variability in Greek agriculture’, International Advances of Economic Research, 11, 111-119.

125) Lee, Chien, C. (2009) ‘Are fruit and vegetable prices non-linear stationary? Evidence from smooth transition autoregressive models’, Bulletin of Economic Research.

Apergis, N. and Tsoulfidis, E. (1997) ‘The Relationship Between Saving and Finance: Theory and Evidence from EU Countries’, Research in Economics (Researche Economichi), 51, 333-358. by: 126) Κollias, C., Mylonidis, N., and Paleologou, S-M. (2008) ‘The Feldstein-Horioka Puzzle Across EU Members’, International Review of Economics and Finance 17, 380- 387.

127) Bhaskara, R. B., Tamazian, A. and Kumar, S. (2009) ‘Systems GMM estimates of the Feldstein-Horioka puzzle for the OECD countries and tests for structural breaks’, MPRA Paper 15312, University Library of Munich, Germany.

128) Ketenci, N. (2010) ‘The Feldstein-Horioka puzzle and structural breaks: evidence from EU members’, MPRA Paper 26010, University Library of Munich, Germany.

129) Misztal, P. (2011) ‘The Feldstein-Horioka hypothesis in countries with varied levels of economic development’, Contemporary Economics, University of Finance and Management in Warsaw, 5. 43

Apergis N. (2004) ‘Inflation, Output Growth, Volatility and Causality: Evidence from Panel Data and the G7 Countries’, Economics Letters 83, 185-191. by: 130) Yeh, C.C., Tang, W.P. and Chiang, H. Y. (2008) ‘The simultaneous evolution of growth and inflation’, Journal of Economic Growth.

131) Suardi, S., Henry, O. T. and Olekalns, N. (2007) ‘Testing for rate-dependence and asymmetry in inflation uncertainty: evidence from the G7 economies’, Economics Letters 94, 383-388.

132) Miles, W. (2008) ‘Inflation targeting and monetary policy in Canada: What is the impact on inflation uncertainty?’, North American Journal of Economics and Finance 19, 235-248.

133) Wilson, B. K. (2006) ‘The links between inflation, inflation uncertainty and output growth: new time series evidence from Japan’, Journal of Macroeconomics 28, 609-620.

134) Chen, S. W., Shen, C. H. and Xie, Z. (2006) ‘A nonlinear relationship between inflation and inflation uncertainty in Taiwan’, Applied Economic Letters 13, 529-533.

135) Zhou, W. X. and Sornette, D. (2006) ‘Non-parametric determination of real-time lag structure between two time series: The ‘optimal thermal causal path’ method with applications to economic data’, Journal of Macroeconomics 28, 195-224.

136) Sornette, D. and Zhou, W. X. (2005) ‘Non-parametric determination of real-time lag structure between two time series: The ‘optimal thermal causal path’, Quantitative Finance 5, 577-591. 44

137) Daal, E., Naka, A. and Sanchez, B. (2005) ‘Re-examining inflation and inflation uncertainty in developed and emerging countries’, Economics Letters 89, 180-186.

138) Clark, D. P. and Hsing, Y. (2005) ‘Application of the IS-MP-IA model and the Taylor rule to Korea and policy implications’, The Journal of the Korean Economy.

139) Yeh, C.C. (2005) ‘Patterns of inflation rates and inflation uncertainty in quantiles regression’, Working Paper, Washington University.

140) Caporale, G. M., Onorante, L. and Paesani, P. (2009) ‘Inflation and inflation uncertainty in the Euro area’, CESifo Working Paper Series 2720, CESifo Group Munich.

141) Tas, B. K. O. and Togay, S. (2008) ‘Effect of Dollarization on Macroeconomic Performance and Money-Price relationship in Equator’, Working Papers 0808, TOBB University of Economics and Technology, Department of Economics.

142) Bordes, C. and Maveyraud, S. (2008) ‘The Friedman’s and Mishkin’s hypotheses (re)considered’, University of Paris, Pantheon-Sorbonne, Post-Print Graduate and Working Papers.

143) Burns, A. (2011) ‘Inflation Targeting and Inflation Uncertainty’, Scottish Journal of Political Economy.

144) Baharumshah, A. Z., Hasanov, A. and Fountas, S. (2011) ‘Inflation and inflation uncertainty: evidence from two transition economies’, Discussion Paper Series 2011_05, Department if Economics, University of Macedonia.

145) Chang, K. L. (2012) ‘The impacts of regime-switching structures and fat-tailed characteristics on the relationship between inflation and inflation uncertainty’, Journal of Macroeconomics 34, 523-536. 45

146) Chen, S. W., Shen, C. H. and Xie, Z. (2008) ‘Evidence of a non-linear relationship between inflation and inflation uncertainty: the case of the four little dragons’, Journal of Policy Modeling 30, 363-376.

147) Siti, H. M., Ahmad, Z. B. and Fountas, S. (2012) ‘Inflation, inflation uncertainty and output growth: recent evidence from ASEAN-5 countries’, Discussion Paper No. 2012-07, Department of Economics, University of Macedonia, Greece.

148) Wilson, B. K. (2006) ‘The links between inflation, inflation uncertainty and output growth: new time series evidence from Japan’, Journal of Macroeconomics 28, 609-620.

149) Morley, B. and Abdullah, S. (2010) ‘Environmental taxes and economic growth: evidence from panel causality tests’, Working Paper, No. 18528, University of Bath.

150) Syed, K. A. N. and Bushra, N. (2010) ‘Asymmetric behavior of inflation uncertainty and Friedman-Ball hypothesis: evidence from Pakistan’, Lahore Journal of Economics 15, 1-33.

151) Henry, O., Olekains, N. and Suardi, S. (2007) ‘Testing for rate dependence and asymmetry in inflation uncertainty: evidence from the G7 economies’, Economics Letters 94, 383-388.

Apergis, N. (2000) 'Black Market Rates and Official Rates in Armenia: Evidence from Causality Tests in Alternative Regimes', Eastern Economic Journal 26, 335- 344. by: 46

152) Bahmani-Oskooee, M. and A. Tanku (2006) ‘Do the black market and the official exchange rates converge in the long run?’, Journal of Economics and Finance, 30, 57-69.

153) Horowitz, I. (2007) ‘If you plan well they will come and vice versa: Bidirectional causality in major-league baseball’, Management Decision Economics.

154) Fardmanesh, M. and Seymour, D. (2003) ‘Foreign exchange controls, fiscal and monetary policy, and the black market premium’, Working Papers 876, Economic Growth Center, Yale University.

155) Bahmani-Oskooee, M. and Goswami, G. G. (2004) ‘Long-run nature of the relationship between the black market and the official exchange rates’, Economic Systems 28, 319-327.

Apergis, N. and Eleftheriou, S. (2002) 'Interest rates, inflation and stock prices: The case of the ASE', Journal of Policy Modeling 24, 231-236. by: 156) G. Hondroyiannis and E. Papapetrou (2006) ‘Stock returns and inflation in Greece: A Markov switching approach”, Review of Financial Economics, 15, 76-94.

157) N. Mylonidis (2003) ‘Financial variables as leading indicators in Greece’, International Advances of Economic Research, 9, 268-278.

158) Erdem, C., Arsian, C. K., and Erdem, M. S. (2005) ‘Effects of macroeconomic variables on Istanbul Stock Exchange indexes’, Applied Financial Economics.

159) Kutan, A. M. and Aksoy, T. (2004) ‘Public information arrival and emerging markets returns and volatility’, Multinational Finance Journal, 8. 47

160) Ramaprasad, B. and Girijasankar, M. (2012) ‘Components of inflation uncertainty and interest rates: evidence from Australia and New Zealand’, Economic Analysis and policy (EAP), Qeensland University of Technology (QUT), School of Economics Finance 42, 39-49.

161) Ozcan, A. (2012) ‘The relationship between macroeconomic variables and ISE industry index’, Journal of Economics and Financial Issues 2, 184-189.

162) Stavroyiannis, S., Makris, I. And Nikolaidis, V. (2010) ‘Non-extensive properties, multifractality and inefficiency degree of the Athens Stock Exchange General Index’, International Review of Financial Analysis 19, 19-24.

Apergis, N., Varelas, E., and Velentzas, E. (2000) ‘Money Supply, Consumption, and Deregulation: The Case of Greece’, Applied Economics Letters, 7, 385-390. by 163) N. Mylonidis (2003) ‘Financial variables as leading indicators in Greece’, International Advances of Economic Research, 9, 268-278.

164) Drakos, K. (2002) ‘Myopia, liquidity constraints and aggregate consumption’, Journal of Economic Development 27, 97-105.

Apergis, N. and Velentzas, C. (2003) 'The impact of financial deregulation in Greece on consumption patterns', Economia Internazionale by 165) N. Mylonidis (2003) ‘Financial variables as leading indicators in Greece’, International Advances of Economic Research, 9, 268-278.

Apergis, N. and Rezitis, A. (2003) ‘An examination of Okun’s law: evidence from regional areas in Greece’, Applied Economics, 35, 1147-1151. 48

by 166) Perman, R. and Tavera, C. (2005) ‘A cross-country analysis of the Okun’s Law coefficient convergence in Europe’, Applied Economics 37, 2501-2513.

167) Chang, S. C. (2007) ‘The interactions among foreign direct investment, economic growth and the degree of openness, Applied Economics

168) Belegri-Roboli, A. (2007) ‘Estimating labor and output gap: evidence from the Athens Olympic Region in Greece’, Applied Economics

169) Bisping, JTO and Patron,H. (2005) ‘Output shocks and unemployment: new evidence on regional disparities’, The International Journal of Applied Economics

170) Andrade, J. S. (2009) ‘The PIGS, does the group exist? An empirical macroeconomic analysis based on the Okun’s law’, GEMF Working Papers 2009-11, GEMF-University de Coimbra.

171) Perugini, C. (2009) ‘Employment Intensity of growth in Italy: A note using regional data’, Regional and Sectoral Economic Studies 91.

172) Connaughton, J. and Madsen, R. (2009) ‘Regional implications of the 2001 recession’, The Annals of Regional Science 43, 491-507.

173) Arnande, J. S. (2007) ‘Uma Aplicacao da Lei de Okun em Portugal’, GEMF Working Papers 2007-04 GEMF, University of Coimbra.

174) Caporale, G. M. and Skare, M. (2011) ‘Employment growth, inflation and output growth: was Phillips right?: evidence from a dynamic panel’, Discussion Papers of DIW Berlin 1138, DIW Berlin, German Institute for Economic Research. 49

175) Caporale, G. M. and Skare, M. (2011) ‘Employment growth, inflation and output growth: was Phillips right? evidence from a dynamic panel’, CESifo Working Paper series 3502, Cesifo Group Munich.

176) Connaughton, J. and Madsen, R. (2010) ‘Understanding differential state expansions following the 1990-1991 and 2001 recessions’, Journal of Regional Analysis and Policy 40.

177) Skare, M. (2010) ‘Can there be a golden triangle of internal equilibrium?’, Journal of Policy Modeling 32, 562-573.

178) Revoredo-Giha, C., Leat, P. M. K. and Renwick, A. W. (2012) ‘The relationship between output and undemployment in Scotland: a regional analysis’, Working Paper No. 131465, Scottish Agricultural College.

Apergis, N. (1997) ‘Domestic and Eurocurrency yields: any exchange rate link? Evidence from a VAR model’, Journal of Policy Modeling 19, 41-49. by 179) Papadopoulos, A. P. and Papanikos, G. T. (2002) ‘Exchange rate regimes and the linkage between money and output in Greece’, Journal of Policy Modeling 24, 103-117.

Apergis, N. and Rezitis, A. (2004) ‘Cost structure, technological change, and productivity growth in the Greek banking sector’, International Advances in Economic Research. by 180) Mylonidis, N. and Kelnikola, I. (2005) ‘Merging activity in the Greek banking system: A financial accounting perspective’, South Eastern Europe Journal of Economics.

181) Pasiouras, F. (2006) ‘Estimating the technical and scale efficiency of Greek commercial banks: The impact of credit risk’, Working Paper, University of Bath. 50

Apergis, N. (1998) ‘Stock market volatility and deviations from macroeconomic fundamentals: Evidence from GARCH and GARCHX models’, Kredit und Kapital. by 182) Hwang, S. and Satchell, S. E. (2005) ‘GARCH models with cross-sectional volatility: GARCHX models’, Applied Financial Economics

183) Ratanapakorn, O. and Sharma, S. C. (2007) ‘Dynamic analysis between the US stock returns and the macroeconomic variables’, Applied Financial Economics, 17, 369- 377.

184) By, W. (2006) ‘Value-at-Risk based on GARCHX models’, Working Paper, Technical University of Kaiserlautern, Germany.

Apergis, N. and Katrakilidis, C. (1998) ‘Does inflation uncertainty matter in FDI decisions? An empirical investigation’, Rivista Internazionale di Scienze Economiche e Commerciali. by 185) Trevino, L. J. (2002) ‘Market reform and FDI in Latin America : Evidence from an error correction model’, The International Trade Journal.

186) Effect, A. and Background, C. (2004) ‘Location determinants of FDI’, JVEC Meeting in Tokyo.

187) Alaya, M., Nicet-Chenaf, D. and Rougier, E. (2007) ‘Politique d’attractivite des IDE et dynamique de croissance et de convergence dans les Pays du Sud Est de la Mediterranee’, Working Paper, University of Bordeaux. 51

Apergis, N. and Rezitis, A. (2003) ‘Food price volatility and macroeconomic factor volatility: ‘heat waves’ or ‘meteor showers?’, Applied Economics Letters. by 188) Zheng, Y. and Kinnucan, H. W. (2004) ‘News and volatility of food prices’, Working Paper, Auburn University, Alabama.

Apergis, N. and Eleftheriou, S. (2002) ‘Measuring exchange market pressure and the degree of exchange market intervention for the Greek drachma’, International Economic Journal 16, 135-145. by 189) Blankson, F. F., Abradu-Otoo, P. and Amoah, B. (2003) ‘A note on exchange market pressure index for Ghana’, Working Paper, Bank of Ghana.

190) Anastasatos, T. and Manou, C. (2008) ‘Speculative attacks on the drachma and the changeover to the Euro’, Economic Bulletin, Bank of Greece 31, 49-77.

Apergis, N. and Eleftheriou, S. (2003) 'Exchange rates and stock prices: Further evidence from intertemporal asset pricing and an error correction model', International Journal of Applied Business and Economic Research. by 191) Hsing, Y. (2005) ‘Application of the IS-MP-IA model to the German economy and policy implications’, Economics Bulletin.

Apergis, N. (1992) ‘An estimation of target effective exchange rates: The case of the US’, American Economist. by 52

192) Stevens, D. P. and Baker, R. C. (1994) ‘A generalized loss function for process optimization’, Decision Sciences.

Apergis, N. and Eleftheriou, S. (2000) ‘Measuring price elasticity of aggregate demand in Greece: 1961-1995.’, Public Finance Review. by 193) Kacapyr, E. and Piccione, J. W. (2003) ‘The role of price elasticity of aggregate demand’, Paper presented at the New York State Economics Association 59th meetings, Siena College, NY.

Apergis, N., Miller, S. M., Panethimitakis, A. and Vamvakidis, A. (2005) ‘Inflation targeting and output growth: evidence from aggregate European data’, Working Paper, IMF. by 194) Gupta, R. (2006) ‘Growth effects of inflation targeting: The role of financial sector development’, Working Paper, University of Pretoria.

195) Socol, C. and Niculescu, A. (2006) ‘Riscuri ale tintirii directe a inflatiei’, Working Paper, Central Bank of Romania.

196) Forte, A. (2009) ‘The European Central Bank, the Federal Reserve and the Bank of England: Is the Taylor rule an useful benchmark for the last decade?’, MPRA Paper No. 18309, University Library of Munich, Germany.

197) Forte, A. (2009) ‘The stability of the inflation rate in the Euro area: The role of globalization and labor market’, MPRA Paper No. 16587, University Library of Munich, Germany. 53

198) Gupra, R. (2011) ‘Growth effects of inflation targeting: The role of financial sector development’, Annals of Economics and Finance, Society for AEF, 12, 65-87.

Apergis, N. (2005) ‘Inflation uncertainty and growth: evidence from panel data’, Australian Economic Papers 44, 186-197. by 199) Aron, J. and Muellbauer, J. (2005) ‘Monetary policy, macro-stability and growth: South Africa’s recent experience and lessons’, World Economics-Henley on Thames, Oxford, UK.

200) Phillips, K. L. and Chen, B. (2011) ‘Regional growth in China: An empirical investigation using multiple imputation and province-level panel data’, Research in Economics 65, 243-253.

Apergis, N. (1996) ‘The cyclical behavior of prices: evidence from seven developing countries’, The Developing Economies. by 201) Leitner, S. M. (2005) ‘The business cycle in Philippines’, Working Paper No. 2005- 10, Philippine Institute for Developing Studies.

Apergis, N. and Miller, S. M. (2005) ‘Consumption asymmetry and the stock market: New evidence through a threshold adjustment model’, Working Paper, University of Connecticut, Storrs, USA. by 202) Berben, R. P., Bernoth, K. and Mastrogiacomo, M. (2006) ‘Household’s response to wealth changes: Do gains or losses make a difference?’, Working Paper, Netherlands Central Bank. 54

203) Van Treeck, T. (2008) ‘Asymmetric income and wealth effects in a non-linear error correction model of US consumer spending’, IMK Working Paper, No.06-2008, Hans Boeckler Foundation, Macroeconomic Policy Institute.

204) Mastrogiacomo, M. (2006) ‘Testing consumer’s asymmetric reaction to wealth changes’, CPB Discussion Papers, No. 53, CPB Netherlands Bureaus for Economic Policy Analysis.

205) Casadio, P. and Paradiso, A. (2010) ‘Inflation and consumption in a long-term perspective with level shift’, MPRA Paper 25980, University Library of Munich, Germany.

206) Goodness, C., Gupta, A. R. and Modise, M. P. (2012) ‘Do stock prices impact consumption and interest rates in South Africa? Evidence from a time-varying vector autoregressive model’, Working Paper No. 201224, Department of Economics, University of Pretoria.

207) Chen, N. K., Chen, S. S. and Chou, Y. H. (2004) ‘House prices, collateral constraint, and the asymmetric effect on consumption’, Journal of Housing Economics 19, 26-37.

208) Manson, H. I. and Habibullah, M. S. (2010) ‘Stock market and aggregate consumption asymmetry: evidence from Malaysia’, Studies in Economics and Finance 27, 19-29.

Apergis, N., Economidou C. and Phillipidis, I. (2008) ‘Innovation, Technology Transfer and Labor Productivity Linkages: Evidence from a Panel of Manufacturing Industries, Review of World Economics (Weltwirtschaftliches Archiv) 144, 491-508. by 209) Compton, R. and Giedeman, D. (2008) ‘Panel evidence on finance, institutions and economic growth’, Applied Economics. 55

210) Rahmah, I., Aliya, R. and Noorasiah, S. (2012, forthcoming) ‘Globalization and labor productivity in the Malaysian manufacturing sector’, Review of Economics and Finance.

211) Parteka, A. and Wolszczak-Derlacz, J. (2011) ‘Market size, competitiveness and technological frontier: the impact of trade integration with the UE on productivity in Polish manufacturing sectors’, National Bank of Poland, Working Paper 82, Economic Institute.

212) Messinis, G. and Ahmed, A. D. (2013) ‘Cognitive skills, innovation and technology diffusion’, Economic Modelling 30, 565-578.

Apergis, N. and J. Payne (2009) ‘Energy consumption and economic growth in Central America: Evidence from a panel cointegration and error correction model’, Energy Economics, 31, 211-216. by 213) Neeliah, H., Prakash, N. and Deenapanray, K. (2010) ‘Economic development and electricity consumption: The case of Mauritius’, Energy Economics.

214) Harris, E. (2010) ‘CO2 emissions, electricity consumption and output in ASEAN’, Applied Energy.

215) Loesse, J. L. (2010) ‘The energy-consumption-growth nexus in seven Sub-Saharan African countries’, Economics Bulletin 30, 1191-1209.

216) Ozturk, I., Aslan, A., and Kalyoncu, H. (2010) ‘Energy consumption and economic growth relationship: Evidence from panel data for low and middle income countries’, Energy Policy 38, 4422-4428. 56

217) Dong, S., Li, F. and Li, X. (2011) ‘Energy consumption-economic growth relationship and carbon dioxide emissions in China’, Energy Policy 39, 568-574.

218) Okey, M. K. N. (2009) ‘Energy consumption and GDP growth in WAEMU countries: A panel data analysis’, MPRA Paper 15521, University Library of Munich, Germany.

219) Belke, A., Dreger, C. and De Haan, F. (2011) ‘Energy consumption and economic growth: new insights into the cointegration relationship’, Energy Economics.

220) Menegaki, A. N. (2011) ‘Growth and renewable energy in Europe: A random effects model with evidence for neutrality hypothesis’, Energy Economics 33, 257-263.

221) Dong, S., Li, F., Li, X. and Liang, Q. (2011) ‘Energy consumption-economic growth relationship and carbon dioxide emissions in China’, Energy Policy.

222) Junfeng, H., Kahrl, F., Qingyou, Y. and Xiaoya, W. (2011) ‘Energy consumption, economic growth, and economic structure in China: a provincial-level analysis’, Energy Economics.

223) Lorde, T., Waithe, K. and Francis, B. (2010) ‘The importance of electric energy for economic growth in Barbados’, Energy Economics 32, 1411-1420.

224) Esso, L. J. (2010) ‘Threshold cointegration and causality relationship between energy use and growth in seven African countries’, Energy Economics 32, 1383-1391.

225) Wu, Q., Maslyuk, S. and Clulow, V. (2010) ‘Energy consumption transition and human development’, Monash Economics Working Papers 43-10, Monash University, Department of Economics. 57

226) Salim, R. and Rafiq, S. (2012) ‘Why do some emerging economies proactively accelerating the adoption of renewable energy?’, Energy Economics 34, 1051-1057.

227) Chang. C. C. and Carballo, C. F. S. (2011) ‘Energy consumption, economic growth, carbon dioxide emissions and population in Latin America and the Caribbean’, Energy Policy.

228) Magazzino, C. (2011) ‘Energy consumption and aggregate income in Italy: cointegration and causality analysis’, MPRA Paper 28494, University of Library of Munich, Germany.

229) Behemiri, N. B. and Manso, J. R. P. (2012) ‘Does Portuguese economy support crude oil conservation hypothesis?’, Energy Policy.

230) Jin, Z., Cai, W., Wang, C. and Chen, J. (2012) ‘Energy consumption and economic growth: empirical evidence from Chinese industrial sectors’, Applied Energy.

231) Fang, Y. (2011) ‘Economic welfare impacts from renewable energy consumption: The China experience’, Renewable and Sustainable Energy Reviews 15, 5120-5128.

232) Sadorsky, P. (2012) ‘Energy consumption, output and trade in South America’, Energy Economics 34, 476-488.

233) Abanda, F. H., Ng’Mbe, A., Keivani, R. and Tah, J. H. M. (2012) ‘The link between renewable energy production and gross domestic product in Africa: a comparative study between 1980 and 2008’, Renewable and Sustainable Energy Reviews 16, 2147-2153.

234) Kahsai. M. S., Nondo, C., Schaeffer, P. V. and Gebremedhin, T. G. (2012) ‘Income level and the energy consumption-GDP nexus: evidence from Sub-Saharan Africa’, Energy Economics 34, 739-746. 58

235) Behmiri, B. and Pires Manso, N. (2012) ‘Does Portuguese economy support crude oil conservation hypothesis?’, Energy Policy 45, 628-634.

236) Aranda-Uson, A., Ferreira, G., Mainar-Toledo, M. D., Scarpellini, S. and Liera Sastresa, E. (2012) ‘Energy consumption analysis of Spanish food and drink, textile, chemical and non-metallic mineral product sectors’, Energy 42, 477-485.

237) Xu, S. (2012) ‘The impact of financial development on energy consumption in China: Based on SYS-GMM estimation’, Advanced Materials Research 524, 2977-2981.

238) Andres, R. J., Boden, T. A., Breon, F. M., Ciais, P., Davis, S., Erickson, D., Gregg, J. S., Jacobson, A., Marland, G., Miller, J., Oda, T., Olivier, J. G. J., Raupach, M. R., Rayner, P. and Treanton, K. (2012) ‘A synthesis of carbon dioxide emissions from fossil- fuel combustion’, Biogeosciences 9, 1845-1871.

239) Narayan, P. K. and Popp, S. (2012) ‘The energy consumption-real GDP nexus revisited: empirical evidence from 93 countries’, Economic Modelling 29, 303-308.

240) Bildirici, M. E. (2012) ‘The relationship between economic growth and biomass energy consumption’, Journal of Renewable and Sustainable Energy 4.

241) Chia, W. M. (2012) ‘Energy consumption, energy R&D and real GDP in OECD countries with and without oil reserves’, Energy Economics.

242) Pradhan, R. P. (2010) ‘Energy consumption-growth nexus in SAARC countries: using cointegration and error correction model’, Modern Applied Science.

243) Dagher, L. and Yacoubian, T. (2012) ‘The causal relationship between energy consumption and economic growth in Lebanon’, Energy Policy 50, 795-801. 59

244) Liddle, B. (2013) ‘Population, affluence, and environmental impact across development: evidence from panel cointegration modeling’, Environmental Modeling and Software 40 , 255-266.

Apergis, N. and J. Payne (2009) ‘Energy consumption and economic growth: Evidence from the Commonwealth of Independent States’, Energy Economics, 31, 641-647. by 245) Belke, A., Dreger, C. and De Haan, F. (2011) ‘Energy consumption and economic growth: new insights into the cointegration relationship’, Energy Economics 33, 782-789.

246) Neeliah, H., Prakash, N. and Deenapanray, K. (2010) ‘Economic development and electricity consumption: The case of Mauritius’, Energy Economics.

247) Harris, E. (2010) ‘CO2 emissions, electricity consumption and output in ASEAN’, Applied Energy.

248) Loesse, J. L. (2010) ‘The energy-consumption-growth nexus in seven Sub-Saharan African countries’, Economics Bulletin 30, 1191-1209.

249) Hamit-Haggar, M. (2010) ‘Greenhouse gas emissions, energy consumption, and economic growth: A panel cointegration analysis from Canadian industrial sector perspective’, Energy Economics.

250) Junfeng, H., Kahrl, F., Qingyou, Y. and Xiaoya, W. (2011) ‘Energy consumption, economic growth, and economic structure in China: a provincial-level analysis’, Energy Economics.

251) Esso, L. J. (2010) ‘Threshold cointegration and causality relationship between energy use and growth in seven African countries’, Energy Economics 32, 1383-1391. 60

252) Shahbaz, M., Jalil, A. and Dube, S. (2011) ‘Environmental Kuznets curve (EKC): Time series evidence from Portugal’, Energy Policy.

253) Sadorsky, P. (2011) ‘Financial development and energy consumption in Central and Eastern European frontier economies’, Energy Policy 39, 999-1006.

254) Chang. C. C. and Carballo, C. F. S. (2011) ‘Energy consumption, economic growth, carbon dioxide emissions and population in Latin America and the Caribbean’, Energy Policy.

255) Magazzino, C. (2011) ‘Energy consumption and aggregate income in Italy: cointegration and causality analysis’, MPRA Paper 28494, University of Library of Munich, Germany.

256) Shahbaz, M., Jalil, A. and Dube, S. (2010) ‘Environmental Kuznets curve (EKC): Time series evidence from Portugal’, MPRA Paper 27443, University Library of Munich, Germany.

257) Shahbaz, M. and Lean, H. H. (2011) ‘Does financial development increase energy consumption? The role of industrialization and urbanization in Tunisia’, MPRA Paper 33194, University Library of Munich, Germany.

258) Fang Y. (2011) ‘Economic welfare impacts from renewable energy consumption: The China experience’, Renewable and Sustainable Energy Reviews 15, 5120-5128.

259) Bildirici, M. E. and Kayikci, F. (2012) ‘Economic growth and electricity consumption in Former Soviet Republics’, Energy Economics 34, 747-753.

260) Bildirici, M. E. and Kayikci, F. (2013) ‘Effects of oil production on economic growth in Eurasian countries: panel ARDL approach’, Energy 49, 156-161. 61

261) Abanda, F. H., Ng’Mbe, A., Keivani, R. and Tah, J. H. M. (2012) ‘The link between renewable energy production and gross domestic product in Africa: a comparative study between 1980 and 2008’, Renewable and Sustainable Energy Reviews 16, 2147-2153.

262) Dedeoglu, D. and Piskin, A. (2012) ‘A dynamic panel study of energy consumption- economic growth nexus: evidence from the former Soviet Union countries’, Energy Policy.

263) Kahsai. M. S., Nondo, C., Schaeffer, P. V. and Gebremedhin, T. G. (2012) ‘Income level and the energy consumption-GDP nexus: evidence from Sub-Saharan Africa’, Energy Economics 34, 739-746.

264) Kumar, T. A. and Shahbaz, M. (2012) ‘The environmental Kuznets curve and the roal of coal consumption in India: cointegration and causality analysis in an open economy’, MPRA Paper 37775, University Library of Munich, Germany.

265) Nazioglu, S. and Soytas, U. (2012) ‘Oil price, agricultural commodity prices and the dollar: a panel cointegration and causality analysis’, Energy Economics 34, 1098-1104.

266) Le-Pen, Y. and Safci, B. (2010) ‘What trends in energy efficienciues? Evidence from a robust test’, Energy Economics 32, 702-708.

267) Sadorsky, P. (2011) ‘Trade and energy consumption in the Middle East’, Energy Economics 33, 739-749.

268) Chia, W. M. (2012) ‘Energy consumption, energy R&D and real GDP in OECD countries with and without oil reserves’, Energy Economics.

269) Dagher, L. and Yacoubian, T. (2012) ‘The causal relationship between energy consumption and economic growth in Lebanon’, Energy Policy 50, 795-801. 62

270) Amirnekooei, K., Ardehail, M. M. and Sadri, A. (2012) ‘Integrated resource planning for Iran: development of reference energy system, forecast and long-term energy environment plan’, Energy 46, 374-385.

271) Zhang, C. and Xu, J. (2012) ‘Retesting the causality between energy consumption and GDP in China: evidence from sectoral and regional analyses using dynamic panel data’, Energy Economics 34, 1782-1789.

272) Ozturk, I. (2010) ‘A literature survey on energy-growth nexus’, Energy Policy 38, 340-349.

273) Frauke, D. (2011) ‘Energy consumption and economic growth revisited: structural breaks and cross-section dependence’, Ruhr Economic Papers 0303, Ruhr-Universitat Bochum, universitat Dortmund, Universitat Duisburg-Essen.

274) Liddle, B. (2013) ‘Population, affluence and environmental impact across development: evidence from panel cointegration modeling’, Environmental Modeling and Software 40, 255-266.

Apergis, N. and J. Payne (2009) ‘CO2 Emissions, Energy Usage, and Output in Central America’, Energy Policy, 37, 3282-3286. by 275) Hamit-Haggar, M. (2010) ‘Greenhouse gas emissions, energy consumption, and economic growth: A panel cointegration analysis from Canadian industrial sector perspective’, Energy Economics.

276) Harris, E. (2010, forthcoming) ‘CO2 emissions, electricity consumption and output in ASEAN’, Applied Energy. 63

277) Lean, H. H. and Smyth, R. (2009) ‘CO2 emissions, electricity consumption and output in Asean’, Development Research Unit Working Paper Series 13-09, Monash University, Department of Economics.

278) Menyan, K. and Wolde-Rufael, Y. (2010) ‘Energy consumption, pollutant emissions and economic growth in South Africa’, Energy Economics 32, 1374-1382.

279) Bella, J., Massidda, C. and Etzo, I. (2010) ‘A panel estimation of the relationship between income, electric power consumption and CO2 emissions’, MPRA Paper 26077, University Library of Munich, Germany.

280) Chang. C. C. and Carballo, C. F. S. (2011) ‘Energy consumption, economic growth, carbon dioxide emissions and population in Latin America and the Caribbean’, Energy Policy.

281) Amin, Y. S., Kyuro, S., Hossein, Y. and Yuichi, S. (2011) ‘CP2 emission and economic growth of Iran’, Mitigation and Adaptation Strategies for Global Change 16, 63-82.

282) Shahbaz, M., Faridul, I. and Shahbaz, M. B. (2011) ‘Financial development, energy consumption and CO2 emissions: Evidence from ARDL approach for Pakistan’, MPRA Paper 30138, University Library of Munich, Germany.

283) Wang, Q., Zhou, P., Zhou, D. and Ge, S. (2012) ‘A nonparametric metafrontier approach to modelling carbon dioxide emission performance’, Energy Policy.

284) Shahbaz, M., Lean, H. H. and Shabbir, M. S. (2011) ‘Environmental Kuznets curve and the role of energy consumption in Pakistan’, MPRA Paper 34929, University Library of Munich, Germany. 64

285) Arouri, M. E. H., Ben Youssef, A., M’henni, H. and Rault, C. (2012) ‘Energy consumption, economic growth and CO2 emissions in Middle East and North African countries’, Energy Policy 45, 342-349.

286) Alam, J. M., Are Begum, I., Buysse, J. and Van Huylenbroeck, G. (2012) ‘Energy consumption, carbon emissions and economic growth nexus in Bangladesh: cointegration and dynamic causality analysis’, Energy Policy 45, 217-225.

287) Ou, X., Yan, X. and Zhang, X. (2011) ‘Life-cycle energy consumption and greenhouse gas emissions for electricity generation and supply in China’, Applied Energy 88, 289-297.

288) Shabaz, M. (2012) ‘Multivariate Granger causality between CO2 emissions, energy intensity, financial development and economic growth: evidence from Portugal’, MPRA Paper 37774, University Library of Munich, Germany.

289) Akpan, G. E. and Akpan, U. F. (2012) ‘Electricity consumption, carbon emissions and economic growth in Nigeria’, International Journal of Energy Economics and Policy 2, 292-306.

290) Ozturk, I. (2010) ‘A literature survey on energy-growth nexus’, Energy Policy 38, 340-349.

291) Faridul, I. and Shahbaz, M. (2012) ‘Is there an environmental Kuznets curve for Bangladesh?’, MPRA Paper 38490, University Library of Munich, Germany.

Apergis, N. and Payne, J. (2010) ‘The Emissions, Energy Consumption and Growth Nexus: Evidence from the Commonwealth of Independent States’, Energy Policy 38, 650-655. by 65

292) Hamit-Haggar, M. (2010) ‘Greenhouse gas emissions, energy consumption, and economic growth: A panel cointegration analysis from Canadian industrial sector perspective’, Energy Economics.

293) Harris, E. (2010, forthcoming) ‘CO2 emissions, electricity consumption and output in ASEAN’, Applied Energy.

294) Menyan, K. and Wolde-Rufael, Y. (2010) ‘Energy consumption, pollutant emissions and economic growth in South Africa’, Energy Economics 32, 1374-1382.

295) Shahbaz, M., Jalil, A. and Dube, S. (2011) ‘Environmental Kuznets curve (EKC): Time series evidence from Portugal’, Energy Policy.

296) Karanfil, F. (2012) ‘Environmental Kuznets curve: lack of robustness to heterogeneity and insights for climate change and energy policy’, Energy Policy.

297) Adom, P. K. (2011) ‘Electricity consumption-economic growth nexus: the Ghanaian case’, International Journal of Energy Economics and Policy, Econjournals 1, 18-31.

298) Itkonen, J. (2010) ‘Internal validity of estimating the carbon Kuznets curve by controlling for energy use’, Ifo Working Paper Series, Ifo Working Paper, No. 95, Ifo Institute for Economic Research at the University of Munich.

299) Jin, Z., Cai, W., Wang, C. and Chen, J. (2012) ‘Energy consumption and economic growth: empirical evidence from Chinese industrial sectors’, Applied Energy.

300) Fang, Y. (2011) ‘Economic welfare impacts from renewable energy consumption: The China experience’, Renewable and Sustainable Energy Reviews 15, 5120-5128. 66

301) Jobert, T., Karanfil, F. and Tykhonenko, A. (2012) ‘The Environmental Kuznets Curve reconsidered from the perspective of heterogeneity: insights for climate change and energy policy’, Energy Policy.

302) Suganthi, L. and Samuel, A. A. (2012) ‘Energy models for demand forecasting-A review’, Renewable and Sustainable Energy Reviews 16, 1223-1240.

303) Bildirici, M. E. and Kayikci, F. (2012) ‘Economic growth and electricity consumption in Former Soviet Republics’, Energy Economics 34, 747-753.

304) Abanda, F. H., Ng’Mbe, A., Keivani, R. and Tah, J. H. M. (2012) ‘The link between renewable energy production and gross domestic product in Africa: a comparative study between 1980 and 2008’, Renewable and Sustainable Energy Reviews 16, 2147-2153.

305) Muhammad, S., Lean, H. H. and M. S. S. (2011) ‘Environmental Kuznets curve and the role of energy consumption in Pakistan’, MPRA Paper 34929, University Library of Munich, Germany.

306) Arazmuradov, A. (2011) ‘Energy consumption and carbon dioxide environmental efficiency for former Soviet Union economies, evidence from DEA window analysis’, MPRA Paper 36903, University Library of Munich, Germany.

307) Shahbaz, M. (2012) ‘Multivariate Granger causality between CO2 emissions, energy intensity, financial development and economic growth: evidence from Portugal’, MPRA Paper 37774, University Library of Munich, Germany.

308) Farhani, S. and Ben Rejeb, J> (2012) ‘Energy consumption, economic growth and CO2 emissions: evidence from panel data for MENA region’, International Journal of Energy Economics and Policy 2, 71-81. 67

309) Kumar, T. A. and Shahbaz, M. (2012) ‘The environmental Kuznets kurve and the role of coal consumption in India: cointegration and causality analysis in an open economy’, MPRA Paper 37775, University Library of Munich, Germany.

Apergis, N. and S. Miller (2009) ‘Do structural oil-market shocks affect stock prices?’, Energy Economics 31, 569-575. by 310) Arouri, H. M. E. (2010) ‘Stock returns and oil price changes in Europe: A Sector Analysis’, The Manchester School 80, 237-261.

311) Arouri, H. M. E. (2010) ‘Short- and long-term links between oil prices and stock markets in Europe’, Economics Bulletin 30, 817-828.

312) Arouri, H. M. E. and Nguyen, K. D. (2010) ‘Oil prices, stock markets and portfolio investment: Evidence from sector analysis in Europe over the last decade’, Energy Policy 38, 4528-4539.

313) Basher, S. A., Haug, A. A. and Sadorsky, P. (2011) ‘Oil prices, exchange rates and emerging stock markets’, Energy Economics.

314) Arouri, M. E. H. (2011) ‘Does crude oil move stock markets in Europe? A sector investigation’, Economic Modelling 28, 1716-1725.

315) Alom, F. (2011) ‘Economic effects of oil and food price shocks in Asia and pacific countries: an application of the SVAR model’, 2011 Conference, August 25-26, 2011, Nelson, New Zealand, New Zealand Agricultural and Resource Economic Society.

316) Arouri, M. E. H., Jouini, J. and Nguyen, D. K. (2012) ‘On the impacts of oil price fluctuations on European equity markets: volatility spillover and hedging effectiveness’, Energy Economics, 34, 611-617. 68

317) Jochen, H. F. (2011) ‘How do international stock markets respond to oil demand and supply shocks?’, FEMM Working Papers, No. 110028, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.

318) Casassus, J. and Higuera, F. (2011) ‘Stock return predictability and oil prices’, Documentos de Trabajo 406, Instituto de Economia, Pontificia Universidad Catolica de Chile.

319) Zhu, H. M., Li, S. F. and Yu, K. (2011) ‘Crude oil shocks and stock markets: a panel threshold cointegration approach’, Energy Economics 33, 987-994.

320) Chen, S. S. (2010) ‘Do higher oil prices push the stock market into bear territory?’, Energy Economics 32, 490-495.

321) Jammazi, R. (2012) ‘Cross dynamics of oil-stock interactions: A redundant wavelet analysis’, Energy 44, 750-777.

322) Filis, G., Degiannakis, S. and Floros, C. (2011) ‘Dynamic correlation between stock market and oil prices: the case of oil-importing and oil-exporting countries’, International Review of Financial Analysis 20, 152-164.

323) Arouri, M. E. H., Jouini, J. and Nguyen, D. K. (2011) ‘Volatility spillovers between oil prices and stock sectors returns: implications for portfolio management’, Journal of International Money and Finance 30, 1387-1405.

324) Demachi, K. (2012) ‘The effect of crude oil price change and volatility on Nigerian economy’, MPRA Paper 41413, University Library of Munich, Germany. 69

325) Berk, I. and Aydogan, B. (2012) ‘Crude oil price shocks and stock returns: evidence from Turkish stock market under global liquidity conditions’, EWI Working Paper 2012- 15, Energiewirtschaftliches Institut an der Universitaet zu Koeln.

326) Broadstock, D. C., Cao, H. and Zhang, D. (2012) ‘Oil shocks and their impact on energy related stocks in China’, Surrey Energy Economics Centre (SEEK), School of Economics, Discussion Paper 137, University of Surray.

327) Mollick, A. V. and Assefa, T. A. (2013) ‘U.S. stock returns and oil prices: the tale from daily data and the 2008-2009 financial crisis’, Energy Economics 36, 1-18.

328) Awartani, B. and maghyereh, A. I. (2013) ‘Dynamic spillovers between oil and stock markets in the Gulf Cooperation Council Countries’, Energy Economics 36, 28-42.

Apergis, N. and Payne, J. (2010, forthcoming) ‘ On the dynamics of poverty and income inequality in U.S. states’, Journal of Economic Studies. by 329) Gregoriou, A. (2011, forthcoming) ‘Taking care of your own: Ethnic and religious heterogeneity and income inequality’, Journal of Economic Studies.

Apergis, N. and Tsoumas, C. (2009) ‘A survey on the Feldstein-Horioka puzzle: What has been dome and where we stand’, Research in Economics 63, 64-76. by 330) Eslamloueyan, K. and Jafari, M. (2010) ‘Capital mobility, openness, and saving- investment relationship in Asia’, Economic Modelling 27, 1246-1252.

331) Kumar, S. and Bhaskara, R. B. (2009) ‘A time series approach to the Feldstein- Horioka puzzle with panel data from the OECD countries’, MPRA Paper 18464, University Library of Munich, Germany. 70

332) Bhaskara, R., Tamazian, A. and Kumar, S. (2009) ‘Systems GMM estimates of the Feldstein-Horioka puzzle for the OECD countries and tests for structural breaks’, MPRA Paper 15312, University Library of Munich, Germany.

333) Kumar, S., Fargher, S. and Webber, D. J. (2009) ‘Testing the validity of the Feldstein-Horioka puzzle for Australia’, Discussion Paper No. 0911, University of the West of England, Department of Economics.

334) Hashiguchi, Y. and Chen, K. H. (2010) ‘Has China’s interregional capital mobility been low? A spatial econometric estimation of the Feldstein-Horioka equation’, MPRA Paper 24595, University Library of Munich, Germany.

335) Di Iorio, F. and Fachin, S. (2010) ‘A panel cointegration study of the long-run relationship between savings and investments in the OECD economies, 1970-2007’, MPRA Paper 25873, University Library of Munich, Germany.

336) Ketenci, N. (2010) ‘The Feldstein-Horioka puzzle by groups of OECD members: The panel approach’, MPRA Paper 25848, University Library of Munich, Germany.

337) Ketenci, N. (2010) ‘The Feldstein-Horioka puzzle and structural breaks: Evidence from EU members’, MPRA Paper 26010, University Library of Munich, Germany.

338) Nagayasu, J. (2011) ‘A dynamic factor approach to domestic capital mobility’, Empirical Economics.

339) Basher, S. A. and Fachin, S. (2011) ‘The long-run relationship between savings and investment in oil-exporting developing countries: A case study of the Gulf Arab States’, MPRA Paper 29077, University Library of Munich, Germany. 71

340) Han Gur, T., Erden, L. and Ozkan, I. (2011) ‘An empirical investigation on the determinants of the saving-investment interaction’, Panoeconomicus, 58, 343-353.

341) Horioka, C. Y. and Terada-Hagiwara, A. (2011) ‘The determinants and long-term projections of saving rates in developing Asia’, ISER Discussion Paper, No. 0821, Institute of Social and Economic Research, Osaka University.

342) Horioka, C. Y. and Terada-Hagiwara, A. (2011) ‘The determinants and long-term projections of saving rates in developing Asia’, NBER Working Paper, No. 17581, National Bureau of Economic Research.

343) Adebola, S. S. and Dahalan, J. (2012) ‘Capital mobility: An application of savings- invetsment link for Tynisia’, International Journal of Economic and Financial Issues, EconJournals, 2, 1-11.

344) Nagayasu, J. (2012) ‘The threshold consumption correlation-based approach to international capital mobility: evidence from advanced and developing countries’, MPRA Paper 36215, University Library of Munich, Germany.

345) Rustam, J. (2012) ‘Capital mobility in the Caucasus’, MRPA Paper 38184, University Library of Munich, Germany.

Apergis, N. and Payne, J. (2010) ‘Coal consumption and economic growth: Evidence from a panel of OECD countries’, Energy Policy 38, 1353-1359. by 346) Hamit-Haggar, M. (2010) ‘Greenhouse gas emissions, energy consumption, and economic growth: A panel cointegration analysis from Canadian industrial sector perspective’, Energy Economics. 72

347) Li, R. and Leung, G. C. K. (2011) ‘Coal consumption and economic growth in China’, Energy Policy.

348) Frauke, D. (2011) ‘Energy consumption and economic growth revisited: structural breaks and cross-section dependence’, Ruhr Economic Paper 0303, Rheinisch- Westfliches Institut, Ruhr-Universitat Bochum, Universitat Dortmund, Universitat Duisburg-Essen.

Α pergis, N., I. Filippidis, and Economidou, C. (2007) ‘Financial deepening and economic growth linkages: a panel data analysis’, Review of World Economics (Weltwirtschaftliches Archiv) 143, 179-198. by 349) Vaona, A. and Patuelli, R. (2008) ‘New empirical evidence on local financial development and growth’, Letters in Spatial and Resource Sciences 1, 147-157.

350) Bakwena, M., Bodman, P. and Suardi, S. (2008) ‘Making abundant natural resources work for developing economies: The role of financial institutions’, MRG Discussion Paper Series 21-08, School of Economics, University of Qeensland, Australia.

351) Ozturk, I. (2008) ‘Financial development and economic growth: Evidence form Turkey’, Applied Econometrics and International Development’, Euro-American Association of Economic Development 8, 85-98.

352) Humis, D. (2011) ‘How has financial deepening affected poverty reduction in India? An empirical analysis using state-level panel data’, World Development.

353) Tiwari, A. K. and Shahbaz, M. (2010) ‘Does financial development increase rural- urban income inequality? Cointegration analysis in the case of Indian economy’, MPRA Paper 27093, University Library of Munich, Germany. 73

354) Mirdala, R. (2011) ‘Financial deepening and economic growth in the European transition economies’, MPRA Paper 33609, University Library of Munich, Germany.

355) Takeshi, I. and Shigeyuki, H. (2011) ‘Financial permeation as a role of microfinance: has microfinance actually been helpful to the poor?’, IDE Discussion Paper, No. 299, Institute of Developing Economies, Japan External Trade Organization (JETRO).

356) Mirdala, R. (2011) ‘Financial integration and economic growth in the European transition economies’, MPRA Paper 36695, University Library of Munich, Germany.

357) Inoue, T. and Hamori, S. (2012) ‘How has financial deepening affected poverty reduction in India? Empirical analysis using stae-level panel data’, Applied Financial Economics, 22, 395-408.

358) Hartmann, M., Herwartz, H. and Walle, Y. M. (2012) ‘Where enterprise leads, finance follows: In-sample and out-of-sample evidence on the causal relation between finance and growth’, Economics Bulletin 32, 871-882.

359) Wolde-Rufael, Y. (2009) ‘Re-examining the financial development and economic growth nexus in Kenya’, Economic Modelling 26, 1140-1146.

360) Bangake, C. and Eggoh, J. C. (2011) ‘Further evidence on finance-growth causality: a panel data analysis’, Economic Systems 35, 176-188.

361) Muhammad, S., Aviral, T. and Sherafatian-Jahromi, R. (2012) ‘Financial development and income inequality: is there any financial Kuznetz curve in Iran?’. MPRA Paper 40899, University Library of Munich, Germany. 74

362) Zaman, K., Mushtaq Khan, M. and Ahmad, M. (2013) ‘Factors affecting commercial energy consumption in Palistan: progress in energy’, Renewable and Sustainable Energy Reviews 19, 107-135.

Apergis, N., C. Katrakilidis, and N. Tabakis (2006) ‘Dynamic linkages between FDI inflows and domestic investment: A panel cointegration approach ‘, Atlantic Economic Journal 34, 385-394. by 363) Ghumro, A. A. and Hakro, A. N. (2007) ‘Foreign direct investment, determinants and policy analysis: Case study of Pakistan’, Working Papers 2007-04, Department of Economics, University of Glasgow.

364) Ramirez, M. D. (2007) ‘Is foreign direct investment productive in the Latin America case? A panel unit root and panel cointegration analysis, 1980-2001’, Working Papers 23, Yale University, Department of Economics.

365) Ramirez, M. D. (2008) ‘Are foreign and public capital productive in the in the Mexican case? A panel unit root and panel cointegration analysis’, Working Papers 49, Yale University, Department of Economics.

366) Karunaratne, N. D. (2012) ‘Total factor productivity and foreign direct investment in OECD countries- a panel data econometric analysis’, Discussion Paper Series, No. 465, School of Economics, University of Queensland, Australia.

Apergis, N. and A. Rezitis (2003) ‘Housing prices and macroeconomic factors in Greece: prospects within the EMU’, Applied Economics Letters, 10, 561-565. by 75

367) Wang, K. M., Lee, Y. M. and Ngyen, T. T. (2008) ‘Asymmetric inflation hedge of housing return: A non-linear vector error correction approach’, International Real Estate Review 11, 65-82.

368) Kuethe, T. H. and Pede, V. (2009) ‘Regional housing price cycles: a spatio-temporal analysis using US state level’, Working Paper 09-04, Purdue University, College of Agriculture, Department of Agricultural Economics.

Apergis, N. and Payne, J. (2010), ‘Renewable Energy Consumption and Growth in Eurasia’, Energy Economics 32, 1392-1397. by 369) Menegaki, A. N. (2011) ‘Growth and renewable energy in Europe: A random effect model with evidence for neutrality hypothesis’, Energy Economics 33, 257-263.

370) Magnani, N. and Vaona, A. (2011) ‘Regional spillover effects of renewable energy generation in Italy’, Working Paper 12/2011, University di Verona, Dipartimento di Scienze Economiche.

371) Fang, Y. (2011) ‘Economic welfare impacts from renewable energy consumption: The China experience’, Renewable and Sustainable Energy Reviews 15, 5120-5128.

372) Abanda, F. H., Ng’Mbe, A., Keivani, R. and Tah, J. H. M. (2012) ‘The link between renewable energy production and gross domestic product in Africa: a comparative study between 1980 and 2008’, Renewable and Sustainable Energy Reviews 16, 2147-2153.

373) Dedeoglu, D. and Piskin, A. (2012) ‘A dynamic panel study of energy consumption- economic growth nexus: evidence from the former Soviet Union countries’, Energy Policy. 76

374) Frauke, D. (2011) ‘Energy consumption and economic growth revisited: structural breaks and cross-section dependence’, Ruhr Economic Paper 0303, Ruhr-Universitat Bochum, Universitat Dortmnund, Universitat Duisberg-Essen.

375) Shahbaz, M., Qazi, M. A. H. and Muhammad, Z. (2012) ‘Is renewable energy consumption effective to promote economic growth in Pakistan? Evidence from bounds testing and rolling winow approach’, MPRA Paper 41608, University Library of Munich, Germany.

376) Shahbaz, M., Muhammad, Z. and Talat, A. (2012) ‘Is energy consumption effective to spur economic growth in Pakistan? New evidence from bounds test to level relationships and Granger causality tests’, MPRA Paper 39734, University Library of Munich, Germany.

377) Bildirici, M. E. and Kayikci, F. (2013) ‘Effects of oil production on economic growth in Eurasian countries: panel ARDL approach’, Energy 49, 156-161.

Apergis, N. and Payne, J. (2010) ‘Renewable Energy Consumption and Economic Growth: Evidence from a Panel of OECD Countries’, Energy Policy 38, 656-660. by 378) Menegaki, A. N. (2011) ‘Growth and renewable energy in Europe: A random effects model with evidence for neutrality hypothesis’, Energy Economics 33, 257-263.

379) Salim, R. and Rafiq, S. (2012) ‘Why do some emerging economies proactively accelerating the adoption of renewable energy?’, Energy Economics 34, 1051-1057.

380) Kumar, S. and Shahbaz, M. (2010) ‘Coal consumption and economic growth revisited: structural breaks, cointegration and causality tests for Pakistan’, MPRA Paper 26151, University Library of Munich, Germany. 77

381) Francesca Di Iorio & Stefano Fachin (2010) ‘A sieve bootstrap range test for poolability independent cointegrated panels’, DSS Empirical Economics and Econometrics Working papers Series 2011/2, Center for Empirical Economics and Econometrics, Department of Statistics, ‘Sapienza’ University of Rome.

382) Kumar, A. T. (2011) ‘A structural VAR analysis of renewable energy consumption, real GDP and CO2 emissions: Evidence from India’, Economics Bulletin 31, 1793-1806.

383) Kumar, A. T. (2011) ‘Comparative performance of renewable and nonrenewable energy source on economic growth and CO2 emissions of Europe and Eurasian countries: A PVAR approach’, Economics Bulletin 31, 2356-2372.

384) Magnani, N. and Vaona, A. (2011) ‘Regional spillover effects of renewable energy generation in Italy’, Working Paper 12/2011, University of Verona, Dipartimento di Scienze Ecoconomiche.

385) Behemiri, N. B. and Manso, J. R. P. (2012) ‘Does Portuguese economy support crude oil conservation hypothesis?’, Energy Policy.

386) Jin, Z., Cai, W., Wang, C. and Chen, J. (2012) ‘Energy consumption and economic growth: empirical evidence from Chinese industrial sectors’, Applied Energy.

387) Shahbaz, M., Zeshan, M. and Tiwari, A. K. (2011) ‘Analysis of renewable and nonrenewable energy consumption, real GDP and CO2 emisssions: a structural VAR approach in Romania’, MPRA Paper, No. 34066, University Library of Munich, Germany.

388) Fang, Y. (2011) ‘Economic welfare impacts from renewable energy consumption: The China experience’, Renewable and Sustainable Energy Reviews 15, 5120-5128. 78

389) He, H. and Jim, C. Y. (2012) ‘Coupling model of energy consumption with changes in environmental utility’, Energy Policy, 43, 235-243.

390) Abanda, F. H., Ng’Mbe, A., Keivani, R. and Tah, J. H. M. (2012) ‘The link between renewable energy production and gross domestic product in Africa: a comparative study between 1980 and 2008’, Renewable and Sustainable Energy Reviews 16, 2147-2153.

391) Shabbir, M. S., Zeshan, M. and Shahbaz, M. (2011) ‘Renewable and non-renewable energy consumption, real GDP and CO2 emissions nexus: a structural VAR approach in Pakistan’, MPRA Paper 34859, University Library of Munich, Germany.

392) Vaona, A. (2012) ‘Granger non-causality tests between (non)renewable energy consumption and output in Italy since 861: The (ir)relevance of structural breaks’, Energy Policy 45, 226-236.

393) Bashiri, B. N. and Pires Manso, J. R. (2012) ‘Does Portuguese economy support crude oil conservation hypothesis?’, Energy Policy 45, 628-634.

394) Marques, A. C. and Fuinhas, J. A. (2012) ‘Is renewable energy effective in promoting growth?’, Energy Policy 46, 434-442.

395) Lean, H. H. and Smyth, R. (2012) ‘Are fluctuations in production of renewable energy permanent or transitory?’, Monash Economics Working Papers 05-12, Monash University, Department of Economics.

396) Lehr, U., Lutz, C. and Edler, D. (2012) ‘Green jobs? Economic impacts of renewable energy in Germany’, Energy Policy 47, 358-364.

397) Chia, W. M. (2012) ‘Energy consumption, energy R&D and real GDP in OECD countries with and without oil reserves’, Energy Economics. 79

398) WenShwo, F., Miller, S. and Yeh, C. C. (2012) ‘The effect of ECSOs on energy use’, Working Paper 2012-13, Department of Economics, University of Connecticut.

399) Narbel, P. A. (2012) ‘What is really behind the adoption of new renewable electricity generating technologies?’, Energy Journal.

400) Shahbaz, M., Muhammad, Z. and Talat, A. (2012) ‘Is energy consumption effective to spur economic growth in Pakistan? New evidence from bounds test to level relationships and Granger causality tests’, MPRA Paper 39734, University Library of Munich, Germany.

401) Akkemik, K. A. and Koray, G. (2012) ‘Energy consumption-GDP nexus: heterogeneous panel causality analysis’, Energy Economics 34, 865-873.

402) Liddle, B. (2013) ‘Population, affluence and environmental impact across development: evidence from panel cointegration modeling’, Environmental Modeling and Software 40, 255-266.

Apergis, N. and Payne, J. (2010) ‘A panel study of nuclear energy consumption and economic growth’, Energy Economics 32, 545-549. by 403) Lee. C. C. and Chiu, Y. B. (2011) ‘Nuclear energy consumption, oil prices, and economic growth: Evidence from highly industrialized countries’, Energy Economics 33, 236-248.

404) Nazlioglu, S., Lebe, F. and Kayhan, S. (2012) ‘Nuclear energy consumption and economic growth in OECD countries: Cross-sectionally dependent heterogeneous panel causality analysis’, Energy Policy. 80

405) Marktanner, M. and Salman, L. (2011) ‘Economic and geopolitical dimensions of renewable vs nuclear energy in North Africa’, Energy Policy 39, 4479-4489.

406) Jin, Z., Cai, W., Wang, C. and Chen, J. (2012) ‘Energy consumption and economic growth: empirical evidence from Chinese industrial sectors’, Applied Energy.

407) Scandurra, G. and Romano, A. A. (2011) ‘The investments in renewable energy sources: do low carbon economies better invest in green technologies?’, MPRA Paper, No. 34216, University Library of Munich, Germany.

408) Scandurra, G. and Romano, A. A. (2011) ‘The investments in renewable energy sources: do low carbon economies better invest in green technologies?’, International Journal of Energy Economics and Policy 1, 107-115.

409) Frauke, D. (2011) ‘Energy consumption and economic growth revisirted: structural breaks and cross-section dependence’, Ruhr Economic Paper 03030, Ruhr Universitat Bochum, Universitat Dortmund, Universitat Duisburg-Essen.

410) Wolde-Rafael, Y. and Menyah, K. (2010) ‘Nuclear energy consumption and economic growth in nine developed countries’, Energy Economics 32, 550-556.

Apergis, N., Payne, J., Menyah, K. and Wolde-Rufael, Y. (2010), ‘On the Causal Dynamics between Emissions, Nuclear Energy, Renewable Energy, and Economic Growth’, Ecological Economics, 69, 2255-2260. by 411) Nazlioglu, S., Lebe, F. and Kayhan, S. (2012) ‘Nuclear energy consumption and economic growth in OECD countries: Cross-sectionally dependent heterogeneous panel causality analysis’, Energy Policy. 81

412) He, H. and Jim, C. Y. (2012) ‘Coupling model of energy consumption with changes in environmental utility’, Energy Policy, 43, 235-243.

413) Marques, A. C. and Fuinhas, J. A. (2012) ‘Is renewable energy effective in promoting growth?’, Energy Policy 46, 434-442.

414) Narbel, P. A. (2012) ‘What is really behind the adoption of new renewable electricity generating technologies?’, Energy Journal.

Apergis, N. and J. Payne (2009) ‘Energy consumption and economic growth in Central America: Evidence from a panel cointegration and error correction model’, Energy Economics, 31, 211-216. by 415) Tang, C. F. and Shahbaz, M. (2011) ‘Revising the electricity consumption-growth nexus for Portugal: Evidence from a multivariate framework analysis’, MPRA Paper 28393, University Library of Munich, Germany.

416) Mutascu, M., Shahbaz, M. and Tiwari, A. K. (2011) ‘Revisiting the relationship between electricity consumption, capital and economic growth: Cointegration and causality analysis in Romania’, MPRA Paper 29233, University Library of Munich, Germany.

417) de Villemeur, A. and Vinella, A. (2010) ‘Long-term contracting in hydro-thermal electricity generation: welfare and environmental impact’, IDEI Working Paper 628, Institut de Economie Industrielle (IDEI), Toulouse.

Apergis, N., Dincer, O. and Payne, J. (2010) ‘The relationship between corruption and income inequality in U.S. states: Evidence from a panel cointegration and error correction model’, Public Choice 145, 125-135. by 82

418) Yamamura, E. (2011) ‘Public sector corruption and the probability of technological disasters’, MPRA Paper 34833, University Library of Munich, Germany.

419) de Figueiredo, N. J. (2013) ‘Are corruption levels accurately identified? The case of U.S. States’, Journal of Policy Modeling 35, 134-149. Apergis, N. (2008) ‘Foreign Direct Investment Inward and Foreign Direct Investment Outward: Evidence from Panel Unit Root and Cointegration Tests with a Certain Number of Structural Changes’ Global Economy Journal (published by Berkley University) by 420) Chowdhury, M. B. (2011) ‘India’s outward foreign direct investment: Closed doors to open souk’, MPRA Paper 32828, University Library of Munich, Germany.

Apergis, N. and J. Payne (2010) ‘Energy consumption and growth in South America: Evidence from a panel error correction model’, Energy Economics 32, 1421-1426. by 421) Shahbaz, M. and Lean, H. H. (2011) ‘Does financial development increase energy consumption? The role of industrialization and urbanization in Tunisia’, MPRA Paper 33194, University Library of Munich, Germany.

422) Jin, Z., Cai, W., Wang, C. and Chen, J. (2012) ‘Energy consumption and economic growth: empirical evidence from Chinese industrial sectors’, Applied Energy.

423) de Villemeur, A. and Vinella, A. (2011) ‘Long-term contracting in hydro-thermal electricity generation: welfare and environmental impact’, Utilities Policy 19, 20-32.

424) Bento, J. P. (2011) ‘Energy savings via Foreign Direct Investment? – Empirical evidence from Portugal’, Working Paper No. 2011/24, Maastricht School of Management. 83

425) Sadorsky, P. (2012) ‘Energy consumption, output and trade in South America’, Energy Economics 34, 476-488.

426) Bento, J. P. (2012) ‘Cointegration models applied for Portugal energy consumption, inward FDI and GDP series: 1980-2007’, MPRA Paper 41619, University Library of Munich, Germany.

427) Frauke, D. (2011) ‘Energy consumption and economic growth revisited: structural breaks and cross-section dependence’, Ruhr Economic Paper 0303, Rheinisch- Westfliches Institut, Ruhr-Universitat Bochum, Universitat Dortmund, Universitat Duisburg-Essen.

428) Shahbaz, M., Mutasku, M. and Tiwari, A. K. (2012) ‘Revisiting the relationship between electricity consumption, capital and economic growth: cointegration and causality analysis in Romania’, Journal for Economic Forecasting 3, 97-120.

429) Akkemik, K. A. and Koray, G. (2012) ‘Energy consumption-GDP nexus: heterogeneous panel causality analysis’, Energy Economics 34, 865-873.

Apergis, N. and Payne, J. (2011) ‘Renewable and non-renewable electricity consumption- growth nexus: Evidence from emerging market economies’, Applied Energy 88, 5226- 5230. by 430) Jin, Z., Cai, W., Wang, C. and Chen, J. (2012) ‘Energy consumption and economic growth: empirical evidence from Chinese industrial sectors’, Applied Energy. 84

431) Chia, W. M. (2012) ‘Energy consumption, energy R&D and real GDP in OECD countries with and without oil reserves’, Energy Economics.

Apergis, N. and Payne, J. (2011, forthcoming) ‘Renewable and Non-Renewable Energy Consumption-Growth Nexus: Evidence from a Panel Error Correction Model’, Energy Economics 34, 733-738. by 432) Jin, Z., Cai, W., Wang, C. and Chen, J. (2012) ‘Energy consumption and economic growth: empirical evidence from Chinese industrial sectors’, Applied Energy.

433) Nieto, C.A.B. and Robledo, J. C. (2012) ‘Relacion de largo plazo entre consume energy en America Latina: una evaluacion empirica con datos panel’, Documentos de Trabajo 010251, Universidad Catolica de Colombia.

Apergis, N. and Payne J. (2010) ‘The Renewable Energy Consumption-Growth nexus in Central America’, Applied Energy 88, 343-347. by 434) Jin, Z., Cai, W., Wang, C. and Chen, J. (2012) ‘Energy consumption and economic growth: empirical evidence from Chinese industrial sectors’, Applied Energy.

435) Magnani, N. and Vaona, A. (2011) ‘Regional spillover effects of renewable energy generation in Italy’, Working Papers 12/2011, Universita di Verona, Dipartimento di Scienze Economiche.

436) Vaona, A. (2012) ‘Granger-non causality between (non)renewable energy consumption and output in Italy since 1861: the (ir)relevance of structural breaks’, Energy Policy 45, 226-236. 85

437) Tamba, J. G., Njomo, D., Limanond, T. and Ntsafack, B. (2012) ‘Causality analysis of diesel consumption and economic growth in Cameroon’, Energy Policy 45, 567-575.

438) Hooi Hooi, L. and Smyth, R. (2012) ‘Are fluctuations in production of renewable energy permamnent or transitory?’, Monash Economics Working Paper 05-12, Monash University, Department of Economics.

439) Menegaki, A. (2011) ‘Growth and renewable energy in Europe: a random effect model with evidence for neutrality hypothesis’, Energy Economics 33, 257-263.

Apergis, N. and Payne, J. (2010) ‘Natural gas consumption and economic growth: A panel investigation of 67 countries’, Applied Energy 87, 2759-2763. by 440) Jin, Z., Cai, W., Wang, C. and Chen, J. (2012) ‘Energy consumption and economic growth: empirical evidence from Chinese industrial sectors’, Applied Energy.

441) Shahbaz, M., Chandran, V. G. R. and Azeem, P. (2011) ‘Natural gas consumption and economic growth: cointegration, causality and forecast error variance decomposition tests for Pakistan’, MPRA Paper 35103, University Library of Munich, Germany.

442) Dedeoglu, D. and Piskin, A. (2012) ‘A dynamic panel study of energy consumption- economic growth nexus: evidence from the former Soviet Union countries’, Energy Policy.

443) Golpe, A. A., Carmona, M. and Congregado, E. (2012) ‘Persistence in natural gas consumption in the U.S.: an unobserved component model’, Energy Policy 46, 594-600.

444) Shahbaz, M., Hooi Hooi, L. and Farooq, A. (2012) ‘Natural gas consumption and economic growth in Pakistan’, MPRA Paper 40959, University Library of Munich, Germany. 86

Apergis, N. and Payne, J. (2010) ‘The causal dynamics between coal consumption and growth: Evidence from emerging market economies’, Applied Energy 87, 1972-1977. by 445) Jin, Z., Cai, W., Wang, C. and Chen, J. (2012) ‘Energy consumption and economic growth: empirical evidence from Chinese industrial sectors’, Applied Energy.

446) Chandran, V. G. R. and Tang, C. F. (2012) ‘The dynamic links between CO2 emissions, economic growth and coal consumption in China and India’, Applied Energy.

447) Svetlana, M. and Dinusha, D. (2012) ‘Impact of shocks on Australian coal mining’, Monash Economics Working Paper 37-12, Monash University, Department of Economics.

448) Frauke, D. (2011) ‘Energy consumption and economic growth revisited: structural breaks and cross-section dependence’, Ruhr Economic Papers 0303, Ruhr-Universitat Bochum, universitat Dortmund, Universitat Duisburg-Essen.

449) Wolde-Rufael, Y. and menyah, K. (2010) ‘Nuclear energy consumption and economic growth in nine developed countries’, Energy Economics 32, 550-556.

450) Zaman, K., Mushtaq Khan, M. and Ahmad, M. (2013) ‘Factors affecting commercial energy consumption in Palistan: progress in energy’, Renewable and Sustainable Energy Reviews 19, 107-135.

Apergis, N., Lyroudi, K. and Vamvakidis, A. (2008) ‘The relationship between FDI and economic growth: Evidence from transition countries’, Transition Studies Review, 15, 37-51. by 87

451) Gohou, G. and Soumare, I. (2012) ‘Does foreign direct investment reduce poverty in Africa and are there regional differences?’, World Development 40, 75-95.

452) Acaravci, A. and Ozturk, I. (2012) ‘Foreign direct investment, export and economic growth: empirical evidence from new EU countries’, Journal for Economic Forecasting 0, 52-67.

Apergis, N., Loomis, D. and Payne, J. (2010) ‘Are shocks to natural gas consumption temporary or permanent? Evidence from a panel of U.S. states, Energy Policy 38, 4734- 4736. by 453) Asian, A. (2011) ‘Does natural gas consumption follow a nonlinear path over time? Evidence from 50 US states’, Renewable and Sustainable Energy Reviews 15, 4466- 4469.

454) Golpe, A. A., Carmona, M. and Congregado, E. (2012) ‘Persistence in natural gas consumption in the U.S.: An unobserved component model’, Energy Policy 46, 594-600.

455) Smyth, R. (2012) ‘Are fluctuations in energy variables permanent or transitory? A survey of the literature on the integration properties of energy consumption and production’, Monash Economics Working Papers 04-12, Monash University, Department of Economics.

456) Smyth, R. (2012) ‘Are fluctuations in energy variables permanent or transitory? A survey of the literature on the integration properties of energy consumption and production’, Applied Energy 104, 371-378.

457) Lean, H. H. and Smyth, R. (2012) ‘Are fluctuations in production of renewable energy permanent or transitory?, Monash Economics Working papers 05-12, Monash University, Department of Economics. 88

458) Meng, M., Payne, J. and Lee, J. (2012) ‘Convergence in per capita energy use among OECD countries’, Energy Economics.

459) Shahbaz, M., Tiwari, A. K. and Khan, S. (2012) ‘Is energy consumption per capita stationary? Evidence from first and second generation panel unit root tests’, MPRA Paper 41607, University Library of Munich, Germany.

460) Hakan, K. (2012) ‘Are fluctuations in energy consumption transitory or permanent? Evidence from a panel of East Asia & Pacific countries’, International Journal of Energy Economics and Policy 2, 92-96.

461) Shahbaz, M., Tiwari, A. K., Ilhan, O. and Farooq, A. (2012) ‘Are fluctuations in electricity consumption per capita transitory? Evidence from developed and developing countries’, MPRA Paper 39443, University Library of Munich, Germany.

Apergis, N., Loomis, D. and Payne, J. (2010) ‘Are fluctuations in coal consumption transitory or permanent? Evidence from a panel of U.S. States’, Applied Energy 87, 2424-2426. by 462) Asian, A. (2011) ‘Does natural gas consumption follow a nonlinear path over time? Evidence from 50 US states’, Renewable and Sustainable Energy Reviews 15, 4466- 4469.

463) Kula, F., Asiaqn, A. and Ozturk, I. (2012) ‘Is per capita electricity consumption stationary? Time series evidence from OECD countries’, Renewable and Sustainable Energy Reviews 16, 501-503.

464) Smyth, R. (2012) ‘Are fluctuations in energy variables permamnent or transitory? A survey of the literature on the integration properties of energy consumption and 89 production’, Monash Economic Working Paper 04-12, Monash University, Department of Economics.

465) Smyth, R. (2012) ‘Are fluctuations in energy variables permanent or transitory? A survey of the literature on the integration properties of energy consumption and production’, Applied Energy 104, 371-378.

466) Hooi Hooi, L. and Smyth, R. (2012) ‘Are fluctuations in production of renewable energy permamnent or transitory?’, Monash Economics Working Paper 05-12, Monash University, Department of Economics.

467) Golpe, A. A., Carmona, M. and Congregado, E. (2012) ‘Persistence in natural gas consumption in the U.S.: an unobserved component model’, Energy Policy 46, 594-600.

468) Meng, M., Payne, J. and Lee, J. (2012) ‘Convergence in per capita energy use among OECD countries’, Energy Economics.

469) Shahbaz, M., Tiwari, A. K. and Khan, S. (2012) ‘Is energy consumption per capita stationary? Evidence from first and second generation panel unit root tests’, MPRA Paper 41607, University Library of Munich, Germany.

470) Hakan, K. (2012) ‘Are fluctuations in energy consumption transitory or paermanent? Evidence from a panel of East Asia & Pacific countries’, International Journal of Energy Economics and Policy 2, 92-96.

471) Shahbaz, M., Tiwari, A. K., Ilhan, O. and Farooq, A. (2012) ‘Are fluctuations in electricity consumption per capita transitory? Evidence from developed and developing economies’, MPRA Paper 39443, University Library of Munich, Germany.

Apergis, N. and Payne, J. (2010), ‘Structural Breaks and Petroleum Consumption in U.S. States: Are Shocks Transitory or Permanent?’, Energy Policy 38, 6375-6378. 90

by 472) Asian, A. (2011) ‘Does natural gas consumption follow a nonlinear path over time? Evidence from 50 US states’, Renewable and Sustainable Energy Reviews 15, 4466- 4469.

473) Golpe, A. A., Carmona, M. and Congregado, E. (2012) ‘Persistence in natural gas consumption in the U.S.: an unobserved component model’, Energy Policy 46, 594-600.

474) Smyth, R. (2012) ‘Are fluctuations in energy variables permamnent or transitory? A survey of the literature on the integration properties of energy consumption and production’, Monash Economic Working Paper 04-12, Monash University, Department of Economics.

475) Smyth, R. (2012) ‘Are fluctuations in energy variables permanent or transitory? A survey of the literature on the integration properties of energy consumption and production’, Applied Energy 104, 371-378.

476) Hooi Hooi, L. and Smyth, R. (2012) ‘Are fluctuations in production of renewable energy permamnent or transitory?’, Monash Economics Working Paper 05-12, Monash University, Department of Economics.

477) Meng, M., Payne, J. and Lee, J. (2012) ‘Convergence in per capita energy use among OECD countries’, Energy Economics.

478) Dagher, L. and Yacoubian, T. (2012) ‘The causal relationship between energy consumption and economic growth in Lebanon’, Energy Policy 50, 795-801.

Apergis, N., E. Panopoulou and C. Tsoumas (2010) ‘Old wine in a new bottle: Growth convergence dynamics in the EU’, Atlantic Economic Journal 38, 169-181. 91 by 479) Brida, J. G., Garrido, N. and Mureddu, F. (2011) ‘Italian economic dualism and convergence clubs at regional level’, Working Paper CRENoS 201116, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.

480) Brida, J. G., Garrido, N. and Mureddu, F. (2012) ‘Club performance dynamics at Italian regional level’, Working Paper CRENoS 201203, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.

Apergis, N., K. Lyroudi and A. Sfetsos (2007) ‘Private and Government Consumption in Transitional Economies: A Panel Data Analysis’, Journal of Economic Development 33, 113-131. by 481) Waqas, M. and Awan, M. S. (2011) ‘Are Pakistani consumers Ricardian?’, MPRA Paper 35375, University Library of Munich, Germany.

Apergis, N. and Payne, J. (2011) ‘A Dynamic Panel Study of Economic Development and the Electricity-Consumption-Growth Nexus’, Energy Economics 33, 770-781. by 482) Galip, A. and Erdal, K. (2005) ‘Electricity consumption and economic growth: evidence from Turkey’, Energy Economics 27, 849-856.

483) Dedeoglu, D. and Piskin, A. (2012) ‘A dynamic panel study of energy consumption- economic growth nexus: evidence from the former Soviet Union countries’, Energy Policy.

484) Lachman, D. A. (2011) ‘Leapfrog to the future: energy scenarios and strategies for Suriname to 2050’, Energy Policy 39, 5035-5044. 92

485) Zhao, H., Yang, L., Li, C. and Ma, X. (2011) ‘Presearch on prediction to investment demand of power grid based on co-integration theory and error correction model’, Dianwang Jishu/Power System Technology 35, 193-198.

486) Chang, C. C. and Soruco Carballo, C. F. (2011) ‘Energy conservation and sustainable economic growth: the case of Latin America and the Carribean’, Energy Policy 39, 4215-4221.

487) Xioa, Q., Gao, Y., Hu, D., Tan, H. and Wang, T. (2011) ‘Assessment of the interactions between economic growth and industrial wastewater discharges using co- integration analysis: a case study for China’s human province’, International Journal of Environmental Research and Public Health 8, 2937-2950.

488) Wang, R., Liu, W., Xiao, L., Liu, J. and Kao, W. (2011) ‘Path towards achieving of China’s 2020 carbon emission reduction target-a discussion of low-carbon energy policies at province level’, Energy Policy 39, 2740-2747.

489) Romano, A. A. and Scandurra, G. (2011) ‘Dynamics of economic growth and electricity consumption at regional level: the Italian case’, Energy Systems 2, 143-150.

490) Lee, C. C. and Chiu, Y. B. (2011) ‘Oil prices, nuclear energy consumption, and economic growth: new evidence using a heterogeneous panel analysis’, Energy Policy 39, 2111-2120.

491) Menegaki, A. N. (2011) ‘Growth and renewable energy in Europe: a random effect model with evidence for neutrality hypothesis’, Energy Economics 33, 257-263.

492) Fei, L., Dong, S., Xue, L., Liang, Q. and Yang, W. (2011) ‘Energy consumption and economic growth elationship and carbon dioxide emissions in China’, Energy Policy 39, 568-574. 93

493) Zaman, K., Khan, M. M., Ahmad, M. and Rustam, R. (2012) ‘Determinants of electricity consumption function in Pakistan: old wine in a new bottle’, Energy Policy 50, 623-634.

494) Dagher, L. and Yacoubian, T. (2012) ‘The causal relationship between energy consumption and economic growth in Lebanon’, Energy Policy 50, 795-801.

495) Frauke, D. (2011) ‘Energy consumption and economic growth revisited: structural breaks and cross-section dependence’, Ruhr Economic Papers 0303, Ruhr-Universitat Bochum, universitat Dortmund, Universitat Duisburg-Essen.

496) Godwin, E. A. and Usenobong, F. A. (2012) ‘Electricity consumption, carbon emissions and economic growth in Nigeria’, International Journal of Energy Economics and Policy 2, 292-306.

497) Liddle, B. (2013) ‘Population, affluence, and environmental impact across development: evidence from panel cointegration modeling’, Environmental Modeling and Software 40 , 255-266.

Apergis, N., Christou, C. and Miller, S. (2010) ‘Country and industry convergence of equity markets: international evidence from club convergence and clustering’, Working Paper, No. 2010-33, University of Connecticut, Department of Economics. by 498) Dorodnykh, E. (2012) ‘What is the degree of comvergence among developedequity markets?’, International Journal of Financial Research 3, 2-11.

Apergis, N. and Tsoumas, C. (2012) ‘Integration Properties of Disaggregated Solar, Geothermal and Biomass Energy Consumption in the U.S.’, Energy Policy 39, 5474- 5479. 94

by 499) Golpe, A. A., Carmona, M. and Congregado, E. (2012) ‘Persistence in natural gas consumption in the U.S.: an unobserved component model’, Energy Policy 46, 594-600.

500) Smyth, R. (2012) ‘Are fluctuations in energy variables permamnent or transitory? A survey of the literature on the integration properties of energy consumption and production’, Monash Economic Working Paper 04-12, Monash University, Department of Economics.

501) Smyth, R. (2012) ‘Are fluctuations in energy variables permanent or transitory? A survey of the literature on the integration properties of energy consumption and production’, Applied Energy 104, 371-378.

502) Lean, H. H.. and Smyth, R. (2012) ‘Are fluctuations in production of renewable energy permamnent or transitory?’, Monash Economics Working Paper 05-12, Monash University, Department of Economics.

503) Lean, H. H. and Smyth, R. (2012) ‘Will policies to promote renewable electricity generation be effective? Evidence from panel stationarity and unit root tests for 115 countries’, Monash Economics Working Papers 15-12, Monash University, Department of Economics.

504) Meng, M., Payne, J. and Lee, J. (2012) ‘Convergence in per capita energy use among OECD countries’, Energy Economics.

Apergis, N. and Tsoumas, C. (2012, forthcoming) ‘Long memory and disaggregated energy consumption: evidence from fossil fuels, coal and electricity retail in the U.S.’, Energy Economics. by 95

505) Meng, M., Payne, J. and Lee, J. (2012) ‘Convergence in per capita energy use among OECD countries’, Energy Economics.

Apergis, N. and Payne, J. (2012, forthcoming) ‘The electricity consumption-growth nexus: renewable versus non-renewable electricity in Central America’, Energy Sources, Part B: Economics, Planning and Policy, 7, 423-431. by 506) Chang, C. C. (2012) ‘Marine energy consumption, national economic activity, and greenhouse gas emissions from international shipping’, Energy Policy 41, 843-848.

507) Shahbaz, M. and Lean, H. H. (2012) ‘Does financial development increase energy consumption? The role of industrialization and urbanization in Tunisia’, Energy Policy 40, 473-479.

508) Uddin, G. S., Alam, M. M. and Murad, W. (2011) ‘An empirical study on income and energy consumtion in Bangladesh’, Energy Studies Review 18.

509) Fang, Y. (2011) ‘Economic welfare impacts from renewable energy consumption: the China experience’, Renewable and Sustainable Energy Reviews 15, 5120-5128.

510) Yuan, C., Liu, S. and Guo, B. (2011) ‘The relationship among non-fossil energy consumption, economic growth and coal prices in China’, Proceedings of 2011 IEEE International Conference on Grey Systems and Intelligent Services, GSIS 11-Joint with the 15th WOSC International Congress on Cybernetics and Systems, No. 6044146, 339- 342.

511) Eggoh, J. C., Bangake, C. and Rault, C. (2011) ‘Energy consumption and economic growth revisited in African countries’, Energy Policy 39, 7408-7421. 96

512) Belke, A., Dobnik, F. and Dreger, C. (2011) ‘Energy consumption and economic growth: new insights into the cointegration relatonship’, Energy Economics 33, 782-789.

513) Sadorsky, P. (2011) ‘Trade and energy consumption in the Middle East’, Energy Economics 33, 739-749.

514) Chia, W. M. (2012) ‘Energy consumption, energy R&D and real GDP in OECD countries with and without oil reserves’, Energy Economics.

Apergis, N. and Zikos, S. (2003) 'The law of Verdoorn: evidence from Greek disaggregated manufacturing time series data', Economic and Social Review 34, 87-104. by 515) Martinho, V. J. and Pereira, D. (2012) ‘What the Keynesian theory said about Portugal?’, EconStor Preprints 59007, ZBW-German National Library of Economics.

Apergis, N. and Miller, S. (2005) ‘Resurrecting the wealth effect on consumption: further analysis and extensions’, Working Paper No. 2005-07, Department of Economics, University of Connecticut. by 516) Goodness, C., Gupta, A. R. and Modise, M. P. (2012) ‘Do stock prices impact consumption and interest rates in South Africa? Evidence from a time-varying vector autoregressive model’, Working Paper No 201224, Department of Economics, University of Pretoria.

Apergis, N. and Rezitis, A. (2011) ‘Food Price Volatility and Macroeconomic Factors: Evidence from GARCH and GARCH-X Estimates’, Journal of Agricultural & Applied Economics 43. by 97

517) Saravia-Matus, S. L., Sergio, G. P. and Sebastien, M. (2012) ‘Economics of food security: selected issues’, Bio-Based and Applied Economics Journal 1.

Apergis, N. and Miller, S. (2007), ‘Consumption Asymmetry and the Stock Market: Empirical Evidence’, Economics Letters 93, 337-342. by 518) Goodness, C. A., Gupta, R. and Modise, M. P. (2012) ‘Do stock prices impact consumption and interest rates in South Africa? Evidence from time-varying vector autoregressive model’, Working Paper No. 201224, Department of Economics, University of Pretoria.

519) Chen, N. K., Chen, S. S. and Chou, Y. H. (2010) ‘House prices, collateral constraints, and the asymmetric effect on consumption’, Journal of Housing Economics 19, 26-37.

520) Manson, H. I. and Habibullah, M. S. (2010) ‘Stock market and aggregate consumption asymmetry: evidence from Malaysia’, Studies in Economics and Finance 27, 19-29.

Apergis, N. (2003) ‘The inflation-output volatility trade-off: a case where anti-inflation monetary policy turns out to be successful, a historical assessment’, Journal of Policy Modeling, 25, 881-892. by 521) Baghestani, H. (2008) ‘Federal reserve versus private information: who is the best unemployment rate predictor?, Journal of Policy Modeling 30, 101-110.

Apergis, N. and S. Miller (2004) ‘Macroeconomic rationality and Lucas’s Misperceptions Model: Further Evidence from Panel Data’, Journal of Economics and Business 56, 227-241. 98

by 522) Cone, T. E. (2008) ‘Optimal information acquisition and monetary policy’, Journal of Macroeconomics 30, 1370-1389.

523) Agnor, P. R. and Bayraktar, N. (2010) ‘Contracting models of the Phillips curve empirical estimates for middle-income countries’, Journal of Macroeconomics 32, 555- 570.

524) Victor, O. (2005) ‘The trade-off between inflation and output: empirical evidence for Venezuela’, MPRA Paper 41242, University Library of Munich, Germany.

Apergis, N. and Alevizopoulou, E. (2012) ‘The Bank Lending Channel and Monetary Policy Rules: Evidence from European Banks’, International Advances of Economics Research 18, 1-14. by 525) Syden, M. and Asrat, T. (2012) ‘The role of banks in monetary policy transmission in South Africa’, Working Paper, No. 295, Economic Research Southern Africa.

Apergis, N. and Payne, J. (2012) ‘A global perspective on the renewable energy consumption-growth nexus’, Energy Sources, Part B: Economics, Planning, and Policy 7, 314-322. by 526) Zaman, K., Mushtaq Khan, M. and Ahmad, M. (2013) ‘Factors affecting commercial energy consumption in Palistan: progress in energy’, Renewable and Sustainable Energy Reviews 19, 107-135. 99

CONFERENCE PRESENTATIONS 1. ‘Monetary Policy and Eurocurrency Yields. The Exchange Rate Link’ European Financial Management, Maastricht, Netherlands, 1994.

2. ‘Stock Prices and Inflation Volatility: Evidence from an ARCH Model’, 40th Atlantic Economic Conference in Virginia, U.S.A., 1995.

3. ‘Monetary Volatility, Real Volatility and Real Exchange Rates: Evidence from GARCH Estimates and Variance Decomposition Tests’, 41st Atlantic Conference Meetings, Paris, 1996.

4. ‘Integration of International Capital Markets: Further Evidence from EMS and Non-EMS Membership’, European Financial Management Association, Insbrung, Austria, 1996.

5. ‘Money, Output and Alternative Exchange Rate Regimes: The Case of Greece’, 42nd Atlantic Conference Meetings in Washington, 1996.

6. ‘Monetary Policy Shocks and Long-Term Interest Rates: The European Experience’, American Economic Association (ASSA), New Orleans, January 4-6, 1997.

7. ‘Stock Price Volatility and Exchange Rate Volatility Greece: Evidence from a version of the “Heat Waves” and the “Meteor Showers” Hypotheses’, 43rd Atlantic Conference Meetings, London, 1997.

8. ‘Daily Patterns in Greek Foreign Exchange Market’, Multinational Finance Society, Thessaloniki, Greece 1997.

9. ‘Macroeconomic Rationality: Evidence from Time Series’, Atlantic Economic Association, Rome, 1998.

100

10. ‘Current Account Sustainability: The Case for Greece’, Αtlantic Economic Association, Rome, 1998.

11. ‘Long memory patterns in the foreign exchange market‘, Αtlantic Economic Association, Vienna, 1999.

12. ‘Exchange rate volatility and inward foreign direct investment in Greece: the prospects of EMU membership‘, Αtlantic Economic Association, Munich, 2000.

13. ‘Mean spillover effects in agricultural prices: evidence from changes in policy regimes‘, Αtlantic Economic Association, Athens , 2001.

14. ‘An estimation of the natural rate of unemployment in Greece‘,Αtlantic Economic Association, Paris, 2002. 15. ‘Agricultural price volatility spillover effects: the case of Greece’, Irish Economic Association, Mallinbrau, Ιreland, 2002.

16. ‘The Employment–Wage Relationship: Was Keynes right after all?’, Αtlantic Economic Association, Vienna, 2003.

17. ‘The Relationship Between Foreign Direct Investment and Economic Growth: Evidence from Panel Data in Transition Economies‘, Αtlantic Economic Association, Lisbon, 2004.

18. ‘Consumption and budget deficits in transitional economies: does the Ricardian Equivalence hold? Evidence from panel data’, Paper presented in Macroeconomics and International Finance Conference, Rethymnon, Criti, 2004.

19. ‘Consumption and Budget Deficits: Neural Networks vs. Parametric Models’, Atlantic Economic Association Conference, London, 2005. 101

20. ‘Dynamic Linkages between FDI Inflows and Domestic Investment: A Panel Cointegration Approach’, Atlantic Economic Association Conference, London, 2005.

21. Dynamic Linkages between Inward and Outward FDI and Growth. A Panel Cointegration Approach, Atlantic Economic Association Conference, London, 2005.

22. ‘Consumption and Budget Deficits: Neural Networks vs. Parametric Models’, Paper presented in the Atlantic Economic Association Conference, London, March 2005.

25. ‘Labor productivity, innovation and technological diffusion linkages: evidence from a panel of EU industries’, Paper presented in the Atlantic Economic Association Conference, Berlin, March 2006.

26. ‘Financial Development and Sectoral Growth: Evidence from Panel Data’, (co- authored with Dr. A. Antzoulatos and C. Tsoumas), Paper presented in the Atlantic Economic Association Conference, Madrid, 2007.

27. ‘Financial Development and Sectoral Growth: Evidence from Panel Data’, (co- authored with Dr. A. Antzoulatos and C. Tsoumas), Paper presented in the Εuropean Economic Association Conference, Budapest, 2007.

28. ‘Old Wine in a New Bottle: Are Financial Variables Omitted Variables in the Production Function?, Paper presented in the Academy of Economics and Finance Conference, Nashville, US, 2008.

29. ‘Old wine in a new bottle: Growth convergence dynamics in the EU (co-authored with Dr. K. Panopoulou and Dr. C. Tsoumas), Paper presented in the Atlantic Economic Association Conference, Warsaw 2008. 102

30. ‘Bank Profitability over Different Business Cycles Regimes: Evidence from Panel Threshold Models’, Paper presented in the Western Economic Association Conference, Honolulu, 2008.

31. ‘Convergence in Earnings-Price Ratios: International Evidence from Club Convergence’ (co-authored with Prof. C. Christou), Paper presented in the Atlantic Economic Association Conference, Rome 2009.

32. ‘Credit Default Swaps and Stock Prices: Further Evidence of Mean and Volatility Transmission using a GARCH-M Model΄ (co-authored with Dr. A. Lake), Paper presented at the All Economists Conference (ACE) in City University of Hong Kong, Hong Kong, 2009.

33. ‘Convergence Patterns in Equity Markets: International Evidence from the Club Convergence and Clustering Procedure’ (co-authored with Prof. C. Christou), Paper presented at the Business & Economics Society International, Nassau, Bahamas, 2010.

34. ‘Asset Pricing and Foreign Exchange Risk’ (co-authored with Prof. P. Artikis and Prof. J. Sorros), Paper presented at the 37th Academy of Economics and Finance conference, Houston, 2010.

35. ‘Political or Institutional Factors in Explaining Convergence Patterns in Equity Markets? International Evidence from the Club Convergence and Clustering Procedure’ (co-authored with Prof. C. Christou), Paper presented at the 1st World Finance Conference organized by the School of Business Studies, Polytechnic Institute of Viana do Castelo, May 2010.

36. ‘Convergence Patterns in Growth and Financial Development: Evidence from Club Convergence’ (co-authored with Prof. C. Christou and Prof. S. Miller), Paper presented in the Atlantic Economic Association Conference, Prague 2010. 103

37. ‘Incentives and Female Entrepreneurial Activity: Evidence from Panel Firm Level Data’ (co-authored with Prof. Vicky Pekka-Economou), Paper presented in the Atlantic Economic Association Conference, Prague 2010.

38. ‘The Dynamics of Greek Inflation’, Paper presented in the European Asian Economics, Finance & Accounting and Econometric Association, Beijing, 2010.

39. ‘Profitability Performance and the Role of Manufacturing Cost: Evidence from a Panel of US Manufacturing Firms’, Paper presented in the Business and Social Science Research Conference, Dubai, UAE, January 2011.

40. ‘Profitability Performance and the Role of Manufacturing Cost: Evidence from a Panel of US Manufacturing Firms’, Paper presented in the Academy of Economics and Finance Conference, Jacksonville, Florida, February 2011.

41. ‘Long Memory in U.S. Coal Consumption: Evidence from U.S. Sectoral Data’, Paper presented in the Atlantic Economic Association Conference, Athens, 2011.

42. ‘The Bank Lending Channel and Monetary Rules’, Paper presented in the Atlantic Economic Association Conference, Athens, 2011.

43. ‘Financial Crisis and the Real Estate Market in Greece: The Impact on Bank Stock Prices’, Paper presented in the 2nd World Financial Conference, Rhodes, 2011.

44. ‘Credit Risk: The Role of Market and Accounting Information-Evidence from U.S. Firms and a FAVAR Model’, Paper presented in the Atlantic Economic Conference, Istanbul, 2012.

45. ‘The Bank Lending Channel and Monetary Rules: Further Extensions’, Paper presented at the Global ISTF Conference, Singapore 2012. 104

46. ‘The Australian Dollar and Gold Prices’ Paper presented at the Canadian Economic Association meetings, Calgary, 2012.

47. ‘Forecasting the Australian Dollar with Gold Prices’ Paper presented at the European Asian Economics, Finance & Accounting, and Econometrics Association meetings, Taipei, 2012.

48. ‘The Bank Lending Channel and Monetary Policy Rules: Further Extensions’, Paper presented at the Turkish Economic Association meetings, Cesme, 2012.

EDITORIAL EXPERIENCE - Editor of International Journal of Economic Research - Editor-in-Chief of International Journal of Financial Analysis - Managing Editor of the Journal of World Economic Review - Associate Editor of the Journal of Economics and Finance (Academy of Economics and Finance) - Associate Editor of Open Economics Journal. - Member of the Editorial Board of International Advances of Economic Research (Atlantic Economic Association) - Member of the Editorail Board of Energy Economics - Member of the Editorial Board of The Open Economics Journal (Bentham Science Publishers) - Member of the Editorial Board of International Journal of Economic Sciences and Applied Research - Member of the Editorial Committee of AESTIMATIO, the IEB International Journal of Finance - Member of the Editorial Board of the International Journal of Finance & Banking Studies - Member of the Editorial Board of the International Journal of Energy Optimization and Engineering - Member of the Editorial Board of the Asian Journal of Management Science 105

- Member of the International Editorial Board of International Journal of Sustainable Economies Management - Member of the International Editorial Board of the China-ASEAN Integration and Trade Journal - Member of the International Editorial Board of OECONOMICA - Member of the International Editorial Board of the Economic Research Guardian - Member of the Editorial Board of the Journal of Agricultural Economics - Member of the Editorial Board of the China-ASEAN Integration and Trade Journal - Member of the Editorial Board of International Journal of Academic Research in Accounting, Finance and Management Sciences - Member of the Editorial Board of Research in Applied Economics - Member of the Editorial Board of the International Journal of Energy Economics and Policy - Member of the Editorial Board of the International Journal of Economics and Financial Issues - Member of the Editorial Board of Practical Ideas in Economics and Finance - Member of the Editorial Board of Frontier in Finance & Accounting (FFA) - Member of Scientific Committee of the Review of Economic Sciences (in Greek)

REFEREE FOR: Journal of Policy Modeling European Economic Review Journal of Macroeconomics Applied Economics Applied Financial Economics Atlantic Economic Journal International Advances of Economic Research China-ASEAN Integration and Trade Journal International Economic Review International Economic Journal 106

Global Economy Journal Journal of International Money and Finance Energy Economics Applied Energy Energy Policy

PROFESSIONAL EXPERIENCE

Board of Trustees-University of Piraeus (October 2012-Today)

Independent Corporation of Energy Distribution: March 2012-Today, Member of the Board.

Chairman, Department of Banking and Financial Management, University of Piraeus, Greece (September 2008-Today)

Head of the Graduate Program, Department of Banking & Financial Management, University of Piraeus, Greece (September 2008-Today)

Chairman, Department of International Economics, University of Macedonia (September 2003-August 2005)

Hellenic Stock Exchange Group), SA (Athens Stock Exchange): November 2003-June 2006, Member of the Board.

Chairman, Department of Economics, University of Ioannina (Αugust 1999-Αpril 2002)

Vice-Chairman, Department of Banking & Financial Management, University of Piraeus (September 2007-August 2009) 107

Head of the Graduate Program, Department of Banking & Financial Management, University of Piraeus (September 2008-Today)

Scientific Coordinator of the E-Learning Program, Department of Banking & Financial Management, University of Piraeus (June 2008-Today)

Chairman, Department of Banking & Financial Management, University of Piraeus (September 2009-Today)

PROFESSIONAL SOCIETY MEMBERSHIPS AND OTHER ACTIVITIES American Economic Association Atlantic Economic Association European Economic Association Academy of Economics and Finance Greek Financial Association Founder of the European-Asian Economics and Finance Association

REFERENCES

Dr. Parantap Basu, Professor in Economics, Department of Economics and Finance, Durham University, Durham, UK, E-mail: [email protected], Phone: +44 (191) 3346360. Dr. Yiannis Georgellis, Professor in Economics, Department of Economics, Kingston University, London, UK, E-mail: [email protected], Phone: +44 (208) 547- 2000. Dr. Steve Johnson, Assistant Professor, Department of General Business and Finance, Sam Houston State University, Huntsville, TX, USA, E-mail: [email protected], Phone: (936) 294-4582. Dr. George Karras, Professor in Economics, Department of Economics, University of Illinois at Chicago, Chicago, USA, E-mail: [email protected], Phone: (312) 996-2321. 108

Dr. Stephen Miller, Professor in Economics, Department of Economics, University of Nevada Las Vegas, Las Vegas, USA, E-mail: [email protected], Phone: (702) 895-3969. Dr. James Payne, Provost and Professor in Economics, Department of Economics and Finance, University of New Orleans, LA, USA, E-mail: [email protected], Phone: (504) 280-6485. Dr. George Zestos, Professor in Economics, Department of Economics, Christopher Newport University, Newportnews VA, USA. E-mail: [email protected], Phone: (757) 594-7067.