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...

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...

Purpose – The purpose of this paper is to argue that Joseph Schumpeter's views are influenced by the French social philosopher Gabriel Tarde who delivered a theory of social evolution based on technological change as its driving force. Design/methodology/approach – The paper investigates the...

Productivity and efficiency analyses have been indispensable tools for evaluating firms’ performance in the banking sector. In this context, the use of Artificial Neural Networks (ANNs) has been recently proposed in order to obtain a globally flexible functional form which is capable of...

Purpose – The purpose of this paper is to present a non‐linear Hicks model of the cycle, based on Keynesian theory and economic dynamics. Design/methodology/approach – Using the proposed approach, the paper puts forward a simple method for its empirical estimation based on nonlinear least...

Purpose – The purpose of this paper is to argue that Joseph Schumpeter's views are influenced by the French social philosopher Gabriel Tarde who delivered a theory of social evolution based on technological change as its driving force. Design/methodology/approach – The paper investigates the...

Purpose – This paper aims to analyze Emil Lederer's and Sumner Slichter's theses on the concept of technological unemployment. Design/methodology/approach – Given the presence of core elements of both economists' visions in the famous Debate on Technological Unemployment (1928‐1933), it is...

Purpose – The purpose of this paper is to investigate two famous postulates of the Schumpeterian doctrine and its implications for the US economy. Design/methodology/approach – Analytically, the authors investigate whether sector size matters for sectoral: technological change and stability,...