Elias Papaioannou – Research

 

 

 

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Publications

 

Financial Regulation, Financial Globalization, and the Synchronization of the Economic Activity

(with S. Kalemli-Ozcan and J.-L. Peydro); October 2011, revised version of NBER WP 14887.

Journal of Finance, forthcoming

[paper] [Latest Presentation, HBS-Harvard Economics Seminar, November 2011]

 

What Lies Beneath the Euro’s Effect on Financial Integration? Currency Risk, Legal Harmonization, or Trade?    

(with S. Kalemli-Ozcan and J.-L. Peydro-Alcalde);  

Journal of International Economics, May 2010, 81(1): 75-88.

[paper] [Supplementary Appendix 1: FSAP Directives] [Appendix 2: Additional Sensitivity Checks]

[old NBER/CEPR version] [read a review from VOX]

 

What Drives International Financial Flows?  Politics, Institutions and Other Determinants.

Journal of Development Economics, March 2009, 88(2): 269-281.

[paper] [Supplementary Appendix]

 

Human Capital, the Structure of Production, and Economic Growth (with A. Ciccone).

Review of Economics and Statistics, February 2009, 91(2): 66-82.

[paper] [Supplementary Appendix] [dataset] [programs]

[see also CEPR DP 5969 for additional sensitivity checks in an alternative dataset]

 

Democratization and Growth (with G. Siourounis)

Economic Journal. October 2008, 118(10): 1520-1551.

[paper] [Supplementary Appendix] [data] [programs]

This paper was recognized with the Young Economist Award 2005 from the European Economic Association.

This paper was recognized with the 2008 Austin Robinson Memorial Prize from the Royal Economic Society.

Read a review from VOX, the Royal Economic Society Press Release, or the Winter 2009 Research Bulletin of the Federal Reserve of Richmond.

See also the review from the New York Times Economix.

 

Economic and Social Factors Driving the Third Wave of Democratization (with G. Siourounis).

Journal of Comparative Economics, September 2008, 36(3): 365-387.

[paper] [Supplementary Appendix; Country Details] [data] [programs]

 

Red Tape and Delayed Entry (with A. Ciccone),

Journal of the European Economic Association (Papers and Proceedings), April-May 2007, 5(2-3): 444-458.

[paper] [Supplementary Appendix]

 

Optimal Currency Shares in International Reserves: The Impact of the Euro and the Prospects for the Dollar

(with R. Portes and G. Siourounis); Journal of the Japanese and International Economics, December 2006, 20(4): 508-547.

[paper]  [read the review of this paper from the NBER Digest or VOX]

 

 

Working Papers

 

The Long-Run Effects of the Scramble for Africa (with S. Michalopoulos), November 2011, NBER WP 17620, CEPR DP 8676. 

[paper] [Latest Presentation, AEA Meetings 2012] [review from Freakonomics Blog] [review from VOX]

 

Divide and Rule or the Rule of the Divided? Evidence from Africa (with S. Michalopoulos), December 2011, updated draft of NBER WP 17184, CEPR DP 8088.

[paper] [appendix] [Latest Presentation, London Business School January 2012] [review from VOX] 2nd revise and resubmit, Econometrica

 

Estimating Cross-Industry Cross-Country Models Using Benchmark Industry Characteristics

(with A. Ciccone), CEPR DP 8056; October 2010. [paper]

 

Adjustment to Target Capital, Finance, and Growth

(with A. Ciccone), CEPR WP 5969; September 2008 (new version coming soon). [paper]

 

Entry Regulation and Intersectoral Reallocation (with A. Ciccone); July 2008.

[paper] [Supplementary Appendix] [Presentation, NBER Summer Institute 2008]

 

Global Banks and Crisis Transmission (with S. Kalemli-Ozcan and F. Perri), January 2012. [paper]

 

Ethnic Inequality (with A. Alesina and S. Michalopoulos), January 2012. [paper]

 

Book Chapters

 

Financial Integration and Risk Sharing: The Role of Monetary Union, February 2010,

(with S. Kalemli-Ozcan, Simone Manganelli, and Jose-Luis Peydro),

The Euro at Ten: 5th European Central Banking Conference 13-14 November 2008.

[paper] [discussion: Marco Pagano and Axel Weber] [proceedings -press release]

 

 

Costs and Benefits of Running an International Currency (with R. Portes). 2009.

European Commission, DG-EC/FIN, Special Report on the European Economy

European Economy Economic Papers 348. November 2008. European Commission.

[paper]

 

 

Financial Development and Inter-sectoral Investment (with A. Ciccone)

Moneda y Credito: Revista de Economia, September 2008, Special Bank of Spain Issue.

 

The International Role of the Euro: A Status Repot.

(with R. Portes) Chapter in EMU@10. Editors Marco Buti, Servaas Deroose, and Vítor Gaspar.

European Commission, DG-EC/FIN, European Economy Economic Papers, 317, April 2008

[paper]

 

Finance and Growth: A Macroeconomic Assessment of the Evidence from a European Angle.

Chapter 2 in Handbook of European Financial Markets and Institutions. X. Freixas, P. Hartmann and C. Mayer (eds.), 2008,

Oxford University Press, Oxford, UK. [also ECB WP, April 2007]

[paper]

 

The Role of Financial Markets and Innovation in Productivity and Growth in Europe

(with P. Hartmann, F. Heider, and M. Lo Duca)

Chapter 4 in Handbook of European Financial Markets and Institutions. X. Freixas, P. Hartmann and C. Mayer (eds.), 2008,

Oxford University Press, Oxford, UK. [also ECB Occasional Paper 72, September 2007]

[paper]