In line with our mission to support and promote high quality research on contemporary Greece, we have embarked on a new initiative, establishing a research competition for external projects.
Thanks to the support of the National Bank of Greece (NBG Research Fund), a Call for Projects was advertised in February 2009 under three pre-selected themes: (1) Inflation and Price Rigidities in Greece: causes and characteristics. (2) Assessing the impact of Privatisation in Greece on the subsequent management of the enterprise(s). (3) The effect on GDP of the opening-up of Closed Professions within Greece.
The Call was open to all researchers with a university affiliation and at least two years of post-doctoral research experience. We received a healthy number of applications, both from established and junior Greek academics, in Greece and abroad.
A three-member jury evaluated the applications and decided to award two grants under the 'Inflation' and 'Privatisation' themes:
THEME 1 - Inflation and Prices in Greece
The first grant was awarded to Professor Nikos Apergis (University of Piraeus), who conducted research on "Inflation and Prices in Greece";
The project was a macro-econometric study seeking to measure the extent of inflation persistence in aggregate and disaggregated price series, examining the quantitative importance of wage rigidities on trend inflation and price mark-ups, and finally investigate the presence of menu-costs as a source of downward nominal price rigidities in Greece.
A GreeSe paper by Professor Apergis was published after the project: 'Inflation and Prices in Greece', no.43, January 2011.
A Reseach Seminar introduced the project to a wider audience in the European Institute, LSE on Tuesday 9 October 2012 - listen to the event podcast here.
THEME 2 - Politics, Labour, Regulation and Performance: lessons from the privatisation of OTE
The second project was awarded to Professors Nikos Zahariadis (University of Alabama) and George Pagoulatos (Athens University of Economics and Business), for their project on "Politics, Labour, Regulation and Performance: lessons from the privatisation of OTE".
The project by Zahariadis and Pagoulatos will "use a model proposed by Durant et al (1998, American Journal of Political Science) to assess changes in regulations and labour relations, brought about by OTE's privatisation, on the company's economic and social performance".
The study involved both quantitative and qualitative analyses examining specifically the role of regulatory intensity and labour relations on various performance indicators such as labour productivity, capitalisation, product innovation, network reliability, call failures, etc.
A GreeSe paper by Professors Zahariadis and Pagoulatos was published after the project: 'Politics, Labour, Regulation and Performance: lessons from the privatisation of OTE', no.46, April 2011.
A Reseach Seminar introduced the project to a wider audience in the European Institute, LSE on Tuesday 20 November 2012 - listen to the event podcast here.