Chapter 1: Adam Smith (1723-1790) -- Chapter 2: David Ricardo (1772 -1823) -- Chapter 3: Karl Marx (1818-1883).-Chapter 4: Léon Walras (1834-1910) -- Chapter 5: John Maynard Keynes (1883-1946) -- Chapter 6: Joseph Schumpeter (1883-1950) -- Chapter 7: Friedrich Hayek (1899 -1992) -- Chapter 8:...

Efficiency analysis is an important tool for evaluating firms' performance. This paper introduces a novel approach for measuring technical efficiency (TE) in the case of technologies with multiple outputs which deals with the endogeneity of outputs issue. The proposed approach uses Artificial...

The output distance function is a key concept in economics. However, its empirical estimation often violates properties dictated by neoclassical production theory. In this paper, we introduce the neural distance function (NDF) which constitutes a global approximation to any arbitrary production...

In this article, we employ a number of econometric techniques in order to examine, on a quarterly basis, the transmission of fluctuations between the Greek and the other economic and monetary union (EMU) countries, respectively, after the introduction of the common currency in the period...

This article studies business cycles with the use of a novel Goodwin--Keynes type model. Based on its derived equations of motion and dynamic properties, we estimate the proposed model for the case of the German economy, the locomotive of the EMU, in the period 1991 to 2007, using relevant...

The past few years have seen a significant increase in low-cost carrier traffic that has in several ways, affected airport operations. Only limited analysis, however, of the connection between airport efficiency and low-cost carriers has been conducted. We use data from 10 Greek airports that...

Business cycle synchronization is a useful framework for analyzing the transmission of economic fluctuations. This work checks for synchronization between the USA and the EU-15 economies tracing the timing pattern and the magnitude of the synchronization. It identifies and estimates the link...