Nicholas Apergis

University of Piraeus

Professor

Karaoli and Dimitriou 80

80 KARAOLI & DIMITRIOU STREET

Piraeus, Attiki 18534

Greece

  • University of Piraeus

SCHOLARLY PAPERS

48

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43

Scholarly Papers (48)

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1.

The Relationship between Foreign Direct Investment and Economic Growth: Evidence from Transitional Countries

Number of pages: 19 Posted: 01 Jun 2007
Nicholas Apergis, Katerina Lyroudi and Thanasis Vamvakidis
University of Piraeus, University of Macedonia - Accounting and Finance and International Monetary Fund (IMF)
Downloads 1,632 (23,928)
Citation 5

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Foreign Direct Investment (FDI), economic growth, transition economies, panel cointegration, panel causality

2.

Food Price Volatility and Macroeconomic Factors: Evidence from GARCH and GARCH-X Estimates

Journal of Agricultural and Applied Economics Vol. 43, No. 1, 2011
Number of pages: 14 Posted: 11 Jun 2007 Last Revised: 26 Apr 2015
Nicholas Apergis and Anthony N. Rezitis
University of Piraeus and Agricultural University of Athens - Department of Agricultural Economics and Rural Development
Downloads 630 (90,830)

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relative food prices, volatility, macroeconomic fundamentals, GARCH and GARCH-X models

3.

Bank Profitability Over Different Business Cycles Regimes: Evidence from Panel Threshold Models

Number of pages: 20 Posted: 11 Jun 2007
Nicholas Apergis
University of Piraeus
Downloads 599 (96,825)

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profitability, business cycles, Greek banks, panel threshold models

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FDI inward and FDI outward, panel unit root tests, panel cointegration test, structural breaks

5.

Credit Default Swaps and Stock Prices: Further Evidence within and Across Markets from Mean and Volatility Transmission with a MVGARCH-M Model and Newer Data

Number of pages: 27 Posted: 19 Jan 2009
Andreas Lake and Nicholas Apergis
Eurobank-Ergasias EFG and University of Piraeus
Downloads 371 (171,542)

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stock market, CDS market, mean and volatility spillovers, EC and MVGARCH-M models

6.

Credit Rating Changes’ Impact on Banks: Evidence from the US Banking Industry

Number of pages: 49 Posted: 02 Jul 2010 Last Revised: 05 Jan 2012
Nicholas Apergis, James E. Payne and Chris Tsoumas
University of Piraeus, affiliation not provided to SSRN and Hellenic Open University (deceased)
Downloads 292 (222,143)
Citation 2

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Credit rating changes, banks, market discipline

7.

Technology, Human Capital and Productivity Growth: Should We Care About Threshold Effects? Evidence from a Panel of EU Industries

Number of pages: 19 Posted: 01 Jun 2007
Nicholas Apergis
University of Piraeus
Downloads 266 (244,473)

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productivity growth, R&D, human capital, threshold effects, manufacturing industries, EU countries, panel data

8.

An Examination of Okun's Law: Evidence from Regional Areas in Greece

Applied Economics, Vol. 35, No. 10, 2003
Number of pages: 6 Posted: 23 Jun 2008
Nicholas Apergis and Anthony N. Rezitis
University of Piraeus and Agricultural University of Athens - Department of Agricultural Economics and Rural Development
Downloads 218 (297,428)
Citation 1

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9.

Foreign Direct Investment Inward and Foreign Direct Investment Outward: Evidence from Panel Data

Number of pages: 21 Posted: 03 Jun 2007 Last Revised: 04 Feb 2008
Nicholas Apergis, Costas Katrakilidis and Nicholas Tambakis
University of Piraeus, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 210 (308,189)

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FDI inward, FDI outward, transitional economies, panel cointegration, panel causality

10.

Private and Government Consumption in Transitional Economies: A Panel Data Analysis

Number of pages: 26 Posted: 01 Jun 2007
Nicholas Apergis and Katerina Lyroudi
University of Piraeus and University of Macedonia
Downloads 208 (311,035)

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Private & government consumption, Ricardian Equivalence, Transitional Economies, Panel Data

11.

Convergence Patterns in Financial Development: Evidence from Club Convergence

Empirical Economics, 43(3), December 2012
Number of pages: 40 Posted: 24 Dec 2010 Last Revised: 04 Feb 2013
Nicholas Apergis, Christina Christou and Stephen M. Miller
University of Piraeus, University of Piraeus - Department of Banking and Financial Management and University of Nevada, Las Vegas - Department of Economics
Downloads 194 (331,789)

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economic growth, financial development, convergence clustering approach, financial indicators

12.

The Bank Lending Channel and Monetary Policy Rules for European Banks: Further Extensions

The B.E. Journal of Macroeconomics, January 2015
Number of pages: 36 Posted: 02 Aug 2012 Last Revised: 31 Aug 2016
Nicholas Apergis, Stephen M. Miller and Effrosyni Alevizopoulou
University of Piraeus, University of Nevada, Las Vegas - Department of Economics and University of Piraeus
Downloads 191 (336,629)

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Monetary policy rules, bank lending channel, European banks, GMM methodology

13.

Country and Industry Convergence of Equity Markets: International Evidence from Club Convergence and Clustering

North American Journal of Economics and Finance, July 2014
Number of pages: 37 Posted: 24 Dec 2010 Last Revised: 18 Mar 2015
Nicholas Apergis, Christina Christou and Stephen M. Miller
University of Piraeus, University of Piraeus - Department of Banking and Financial Management and University of Nevada, Las Vegas - Department of Economics
Downloads 173 (367,913)
Citation 20

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equity markets convergence, industry effects, international equity markets, panel convergence methodology

14.

Resurrecting the Wealth Effect on Consumption: Further Analysis and Extension

Number of pages: 30 Posted: 01 Jun 2007
Nicholas Apergis and Stephen M. Miller
University of Piraeus and University of Nevada, Las Vegas - Department of Economics
Downloads 163 (387,439)
Citation 1

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Consumption, Stock market, Wealth effect, Asymmetry

15.

Dynamic Connectedness between COVID-19 News Sentiment, Capital and Commodity Markets

Number of pages: 20 Posted: 05 Mar 2021 Last Revised: 28 Apr 2023
Nicholas Apergis, Ioannis Chatziantoniou and David Gabauer
University of Piraeus, Hellenic Mediterranean University and Johannes Kepler University
Downloads 158 (397,957)
Citation 6

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COVID-19 sentiment news; volatility indices; TVP-VAR; dynamic connectedness; joint connectedness.

16.

Stylized Facts of Greek Business Cycles: New Evidence from Aggregate and Across Regimes Data

Number of pages: 35 Posted: 01 Jun 2007
Nicholas Apergis and Alexandros Panethimitakis
University of Piraeus and National and Kapodistrian University of Athens
Downloads 156 (402,320)
Citation 1

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Business cycles, stylized facts, real wages, variance decompositions, Greek economy

17.

Optimal Hedge Ratio Estimation During the Credit Crisis: An Application of Higher Moments

Frontiers in Finance and Economics, Vol. 9, No. 2, 64-84
Number of pages: 21 Posted: 19 Dec 2012
Nicholas Apergis and Alexandros Gabrielsen
University of Piraeus and Credit Suisse AG
Downloads 153 (408,934)

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Optimal hedge ratios, conditional volatility, skewness and kurtosis, higher moments, equity indices

18.

Agricultural Price Volatiltiy Spillover Effects: The Case Of Greece

European Review of Agricultural Economics, Vol. 30, Iss. 3, pp. 389-406, 2006
Number of pages: 18 Posted: 23 Jun 2008
Nicholas Apergis and Anthony N. Rezitis
University of Piraeus and Agricultural University of Athens - Department of Agricultural Economics and Rural Development
Downloads 149 (417,930)
Citation 1

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agricultural prices, volatiltiy, GARCH process

19.

Mean Spillover Effects in Agricultural Prices: The Case of Greece

Agribusiness: An International Journal Vol. 19, No. 4, 2003
Number of pages: 13 Posted: 24 Jun 2008
Nicholas Apergis and Anthony N. Rezitis
University of Piraeus and Agricultural University of Athens - Department of Agricultural Economics and Rural Development
Downloads 147 (422,446)

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20.

The Effects of Trump Trade Policy on China’s Economic Performance

Number of pages: 20 Posted: 11 Jul 2019
Mario Arturo Ruiz Estrada, Donghyun Park, Minsoo Lee and Nicholas Apergis
Universiti Kuala Lumpur Business School, Asian Development Bank - Economic Research, Asian Development Bank and University of Piraeus
Downloads 131 (463,420)

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China, U.S., trade, tariff, protectionism, trade policy, policy modeling

21.

Does More Complex Language in FOMC Decisions Impact Financial Markets?

Asian Finance Association (AsianFA) 2016 Conference, Journal of International Financial Markets, Institutions and Money, Vol. 51, 2017
Number of pages: 31 Posted: 01 Feb 2016 Last Revised: 27 Oct 2020
Lee A. Smales and Nicholas Apergis
University of Western Australia and University of Piraeus
Downloads 131 (463,420)
Citation 1

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Monetary policy decisions, Financial markets, Federal Reserve, Linguistic complexity, FOMC statements

22.

The Bank Lending Channel and Lunar Phases: Evidence from a Panel of European Banks

Number of pages: 22 Posted: 07 Mar 2011
Nicholas Apergis and Alexandros Gabrielsen
University of Piraeus and Credit Suisse AG
Downloads 128 (471,907)

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Lunar phases, bank lending channel, European banks, GMM methodology

23.

What are the Driving Factors Behind the Rise of Spreads and CDSs of Euro-area Sovereign Bonds? A FAVAR Model for Greece and Ireland

Levy Economics Institute, Working Papers Series
Number of pages: 26 Posted: 11 May 2012
Nicholas Apergis and Emmanuel C. Mamatzakis
University of Piraeus and University of Sussex - School of Business, Management and Economics
Downloads 118 (502,692)
Citation 1

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Sovereign Debt Crisis, Spreads, CDS, FAVAR Model, Greece and Ireland

24.

Weather Conditions and Bank Loans Efficiency in US Banking: A Panel VAR Approach

Number of pages: 47 Posted: 10 Sep 2011
Nicholas Apergis, Panagiotis Artikis and Emmanuel C. Mamatzakis
University of Piraeus, University of Piraeus and University of Sussex - School of Business, Management and Economics
Downloads 114 (515,983)

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Bank loan efficiency, weather, panel VAR, causality

25.

Testing for Regime Changes in Greek Sovereign Debt Crisis

Number of pages: 27 Posted: 01 Feb 2011
Nicholas Apergis, Emmanuel C. Mamatzakis and Christos Staikouras
University of Piraeus, University of Macedonia and Athens University of Economics and Business - Department of Accounting and Finance
Downloads 111 (526,426)

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Threshold Cointegration, Greek Sovereign Debt, Spreads Over Bund, CDS, ML Estimation

26.

Old Wine in a New Bottle: Are Financial Variables Omitted Variables in the Production Function?

Number of pages: 13 Posted: 15 Jun 2007
Nicholas Apergis
University of Piraeus
Downloads 109 (533,449)
Citation 2

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money, credit, production function, GMM estimations, G7 panel

27.

Borrower- and Lender-Based Macroprudential Policies: What Works Best Against Bank Systemic Risk?

Number of pages: 65 Posted: 27 Jun 2022
Nicholas Apergis, Ahmet Faruk Aysan and Yassine Bakkar
University of Piraeus, Hamad Bin Khalifa University - Center for Islamic Economics and Finance and Queen’s University Belfast
Downloads 103 (556,291)
Citation 1

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Systemic risk; Macroprudential policies; Complementarity; Monetary policy; Financial stability

28.

Mood Effects in Optimal Debt Contracts

Number of pages: 31 Posted: 05 Feb 2012 Last Revised: 21 Mar 2012
Nicholas Apergis and Dimitris Voliotis
University of Piraeus and University of Piraeus - Department of Banking and Financial Management
Downloads 101 (564,188)

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mood effects, rank-dependent probabilities

29.

Forecasting Fiscal Variables: Only a Strong Growth Plan Can Sustain the Greek Austerity Programs - Evidence from Simultaneous and Structural Models

Number of pages: 24 Posted: 16 May 2013
Nicholas Apergis and Arusha V. Cooray
University of Piraeus and James Cook University - College of Business, Law and Governance,
Downloads 65 (730,641)

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primary balance, public debt, structural modeling, Greece

30.

Modelling Australian Electricity Prices Using Indicator Saturation

Number of pages: 38 Posted: 01 Mar 2022
Nicholas Apergis, Wei-Fong Pan, James Reade and Shixuan Wang
University of Piraeus, Sun Yat-sen University (SYSU) - School of Business, University of Reading and University of Reading - Department of Economics
Downloads 59 (767,488)

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Australian National Electricity Market, Electricity Prices, Indicator Saturation, Price Spikes

31.

International Earnings to Price Ratio Convergence: Evidence from the European Union

The International Journal of Business and Finance Research, v. 9 (5) p. 37-55
Number of pages: 20 Posted: 29 Jan 2016
Nicholas Apergis, Christis Hassapis, Christina Christou and Steve Johnson
University of Piraeus, University of Cyprus, University of Piraeus and Sam Houston State University
Downloads 53 (808,753)

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Earnings-Price Ratios; Club Convergence; Clustering Procedure; European Markets

32.

Climate Policy Risks, Market Volatility, and Credibility: Fresh Evidence from the US Transition Climate Policy and Textual Analysis

Number of pages: 52 Posted: 04 Sep 2024
Hany Fahmy and Nicholas Apergis
Saint Mary's University, Canada - Department of Economics and University of Piraeus
Downloads 47 (855,036)

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Climate transition policies, climate transition risk, textual analysis, GARCH-X model, panel data, US stock market

33.

Forcasting Fiscal Variables: Only a Strong Growth Plan Can Sustain the Greek Austerity Programs - Evidence from Simultaneous and Structural Models

CAMA Working Paper 25/2013
Number of pages: 24 Posted: 08 Jun 2013
Nicholas Apergis and Arusha V. Cooray
University of Piraeus and James Cook University - College of Business, Law and Governance,
Downloads 45 (871,765)

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primary balance, public debt, structural modeling, Greece

34.

Climate Transition Policy Risk and the Performance of Green vs Brown Stocks

Number of pages: 44 Posted: 10 Apr 2025
Hany Fahmy and Nicholas Apergis
Saint Mary's University, Canada - Department of Economics and University of Piraeus
Downloads 14 (1,212,341)

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Climate risk, asset pricing, volatility, climate policy, textual analysis

35.

Geopolitical Risk and Energy Price Crash Risk

Number of pages: 37 Posted: 03 Apr 2025
Nicholas Apergis
University of Piraeus
Downloads 6 (1,289,349)
Citation 1

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energy markets, crash risk, economic activity channel, geopolitical acts

36.

The integration of share repurchases into investment decision-making: Evidence from Japan

Nicholas Apergis, Ioannis Chasiotis, Andreas G. Georgantopoulos, Dimitrios Konstantios, The integration of share repurchases into investment decision-making: Evidence from Japan, International Review of Financial Analysis,Volume 78,2021,101950,ISSN 1057-5219, https://doi.org/10.1016/j.irfa.2021.1, International Review of Financial Analysis, Vol. 78, 2021
Posted: 20 Dec 2021
Nicholas Apergis, Ioannis Chasiotis, Andreas G. Georgantopoulos and Dimitrios Konstantios
University of Piraeus, Agricultural University of Athens, National and Kapodistrian University of Athens and ALBA Graduate Business School

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Share repurchases Corporate investment Japan Corporate payout policy Corporate governance Financial flexibility

37.

Endogenous Entry and Realized Prices in National 3G Spectrum Auctions

Quello Center Working Paper
Posted: 13 Feb 2019
Gary Madden, Johannes M. Bauer and Nicholas Apergis
Curtin University - School of Economics and Finance, Michigan State University - Department of Media and Information and University of Piraeus

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spectrum auctions; prices paid; endogenous entry

38.

Does Happiness Converge?

Journal of Happiness Studies, Volume 16, Issue 1, pp 67-76
Posted: 08 Apr 2014 Last Revised: 03 Feb 2016
Nicholas Apergis and Yannis Georgellis
University of Piraeus and University of Kent

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Panel convergence, Happiness, Life satisfaction, European Union

39.

Dynamic Linkages between FDI Inflows and Domestic Investment: A Panel Cointegration Approach

Atlantic Economic Journal, 34, pp. 385-394, 2006
Posted: 07 Jan 2013
Nicholas Apergis, Constantinos Katrakilidis and Nicholas Tabakis
University of Piraeus, Aristotle University of Thessaloniki - Department of Economics and Alexander Technological Educational Institute of Thessaloniki - Department of Agricultural Development and Agribusiness Management

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FDI inflows, domestic investment, panel cointegration

40.

Exchange Rate Volatility and Inward Foreign Direct Investment in Greece: The Prospect of Emu Membership

International Review of Economics and Business (RISEC), Vol 49, No. 4, 2002
Posted: 26 Jun 2008
Nicholas Apergis, Dimitrios Kyrkilis and Anthony N. Rezitis
University of Piraeus, affiliation not provided to SSRN and Agricultural University of Athens - Department of Agricultural Economics and Rural Development

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FDI, EMU, exchange rate volatility

41.

Cost Structure, Technological Change and Productivity Growth in the Greek Banking Sector

International Advances in Economic Research, Vol. 10, No. 1, 2004
Posted: 25 Jun 2008
Nicholas Apergis and Anthony N. Rezitis
University of Piraeus and Agricultural University of Athens - Department of Agricultural Economics and Rural Development

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Banks, Cost structure, Economies of scale, Technical change, Productivity growth, Greece

42.

Operational Efficiecny in the Greek Banking Industry: Evidence from the Stochastic Frontier Approach and Error Decomposition

International Review of Economics and Business (RISEC), Vol. 50, No. 4, 2003
Posted: 24 Jun 2008
Nicholas Apergis and Anthony N. Rezitis
University of Piraeus and Agricultural University of Athens - Department of Agricultural Economics and Rural Development

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Operational efficiency, Banks, Stochastic frontier, Error decompositions, Greece

43.

Food Price Volatiltiy and Macroeconomic Factor Volatiltiy: 'Heat Waves' or 'Meteor Sowers'?

Applied Economics Letters, Vol. 10, pp. 155-160, 2003
Posted: 23 Jun 2008
Nicholas Apergis and Anthony N. Rezitis
University of Piraeus and Agricultural University of Athens - Department of Agricultural Economics and Rural Development

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44.

Housing Prices and Macroeconomic Factors in Greece: Prospects within the EMU

Applied Economics Letters, Vol. 10, No. 9, 2003
Posted: 23 Jun 2008
Nicholas Apergis and Anthony N. Rezitis
University of Piraeus and Agricultural University of Athens - Department of Agricultural Economics and Rural Development

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45.

Asymmetric Cross-Market Volatility Spillovers: Evidence from Daily Data on Equity and Foreign Exchange Markets

Manchester School, Vol. 69, pp. 81-96 , 2001
Posted: 23 Jun 2008
Nicholas Apergis and Anthony N. Rezitis
University of Piraeus and Agricultural University of Athens - Department of Agricultural Economics and Rural Development

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46.

Old Wine in a New Bottle: Growth Convergence Dynamics in the EU

Atlantic Economic Journal, Vol. 38, No. 2, pp. 169-181
Posted: 05 Mar 2008 Last Revised: 14 Mar 2011
Nicholas Apergis, Ekaterini Panopoulou and Chris Tsoumas
University of Piraeus, Essex Business School and Hellenic Open University (deceased)

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Growth convergence, growth factors, transition paths, EU countries, logt test

47.

Financial Structure and Industrial Structure

Bulletin of Economic Research, Forthcoming
Posted: 04 Mar 2008 Last Revised: 03 Mar 2010
Angelos A. Antzoulatos, Nicholas Apergis and Chris Tsoumas
University of Piraeus - Department of Banking and Financial Management, University of Piraeus and Hellenic Open University (deceased)

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Financial Structure, Industrial Structure, Panel Co-integration

48.

A Survey on the Feldstein-Horioka Puzzle: What Has Been Done and Where We Stand

Research in Economics, Vol. 63, pp. 64-76
Posted: 22 Jun 2007 Last Revised: 14 Mar 2011
Nicholas Apergis and Chris Tsoumas
University of Piraeus and Hellenic Open University (deceased)

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Feldstein-Horioka puzzle, survey

Other Papers (1)

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1.

Regional Unemployment and Employee Loyalty: Evidence from 12 UK Regions

Apergis, N., & Georgellis, Y. (2017). Regional unemployment and employee loyalty: evidence from 12 UK regions. Regional Studies, 1-11.
Posted: 02 Aug 2017 Last Revised: 23 Dec 2017
Nicholas Apergis and Yannis Georgellis
University of Piraeus and University of Kent

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Employee loyalty, wage curve, regional unemployment, WERS