Contact Professor Constantinos Alexiou
- Tel: +44 (0) 1234 754311
- Email: constantinos.alexiou@cranfield.ac.uk
- ORCID
Background
Prior to joining Cranfield, Constantinos held both full-time and part-time academics posts at various universities in the UK and Greece. He has also been a Visiting Professor at Universities in Germany, Holland, France, Oman, Kuwait and Switzerland. He was also a research associate at the Confederation of Greek Labour where he delivered training programmes for trade union members as well as a consultant for the Doctorate in Professional Studies programmes in the UK. In 2014 he co-developed an internationally acclaimed Index on Intellectual Property Protection and Enforcement that provides an assessment of the risks associated with protecting intellectual property across 49 countries.
Current activities
Professor Constantinos Alexiou is a Professor of Macroeconomics and Policy at Cranfield School of Management where he delivers Economics and Business related courses across the full range of the School's postgraduate and post-experience executive management programmes. The focus of his research revolves inter alia around Applied Macroeconomics, Macroeconomic Policy, International Finance, Patent Systems, Heterodox Economics. He has authored over 100 publications in academic journals such as the Journal of Post Keynesian Economics, Contributions to Political Economy, Structural Change and Economic Dynamics, International Journal of Finance and Economics, Journal of World Business, International Business Review, etc. He is the founding editor of the International Journal of Economics, and a member of the European economic forum for alternative economic policy in EU. He is a frequent contributor to many international conferences.
Publications
Articles In Journals
- Alexiou C (2023) Income inequality, health outcomes and financial crisis: novel evidence, Athens Journal of Health and Medical Sciences, 10 (2) 99-114.
- Lubis A, Alexiou C & Nellis JG (2023) Risk appetite and foreign exchange intervention in an inflation-targeting framework: the case of Indonesia, Bulletin of Monetary Economics and Banking, 26 (1) Article No. 8.
- Alexiou C (2023) Gauging the impact of the strength of patent systems on renewable energy consumption, Renewable Energy, 210 (July) 431-439.
- Alexiou C & Trachanas E (2023) The impact of trade unions and government party orientation on income inequality: evidence from 17 OECD economies, Journal of Economic Studies, 50 (3) 506-524.
- Prananta B & Alexiou C (2023) Exchange rates, bond yields and the stock market: nonlinear evidence of Indonesia during the COVID-19 period, Asian Journal of Economics and Banking, Available online 7 April 2023.
- Lubis A, Alexiou C & Nellis JG (2022) Monetary and macroprudential policies in the presence of external shocks: evidence from an emerging economy, Journal of Economic Studies, 49 (6) 960-977.
- Yao W & Alexiou C (2022) Exploring the transmission mechanism of speculative and inventory arbitrage activity to commodity price volatility. Novel evidence for the US economy, International Review of Financial Analysis, 80 (March) Article No. 102027.
- Alexiou C (2022) Evaluating the falling rate of profit in the context of the UK economy, Structural Change and Economic Dynamics, 61 (June) 84-94.
- Sharif T, Uddin MMM & Alexiou C (2022) Testing the moderating role of trade openness on the environmental Kuznets curve hypothesis: a novel approach, Annals of Operations Research, Available online 15 January 2022.
- De Vita G, Alexiou C, Trachanas E & Luo Y (2022) Does intellectual property rights protection affect UK and US outward FDI and earnings from FDI? A sectoral analysis, Journal of Economic Studies, 49 (8) 1387-1421.
- Alexiou C & Trachanas E (2022) Health outcomes, income and income inequality: revisiting the empirical relationship, Forum for Health Economics and Policy, Available online 19 October 2022.
- Saade A, Alexiou C & Belghitar Y (2022) Robotization and labor supply in the context of a dynamic monopsony: novel evidence from South Korea, Seoul Journal of Economics (SJE), 35 (3) 207-240.
- Su Z & Alexiou C (2022) Impact of share pledging by controlling shareholders on firm value in the context of China’s tightened regulatory reforms, Accounting and Finance, Available online 28 August 2022.
- Saridakis G, Alexiou C, Hosein R & Satnarine-Singh N (2022) Hegemonic sanctions and global economic ramifications in the context of the Russian-Ukrainian conflict: a commentary, Spoudai: Journal of Economics and Business, 72 (1-2) 34-55.
- Su Z & Alexiou C (2022) The impact of anti-corruption measures and risk effects on equity incentives and financial misreporting in China, China Journal of Accounting Research, 15 (1) Article No. 100218.
- Alexiou C, Trachanas E & Vogiazas S (2022) Income inequality and financialization: a not so straightforward relationship, Journal of Economic Studies, 49 (1) 95-111.
- Okeke A, Alexiou C & Nellis J (2021) Austerity effects on national output and income inequality: a systematic literature review, Review of Economics, 72 (2) 97-148.
- Tumidei D, Alexiou C & Bourne M (2021) A choice and inevitability framework in strategic management: empirical evidence of its real-life existence, Review of Managerial Science , 15 (6) 1729-1766.
- Alexiou C (2021) Covid-19, capitalism and political elites: the real threat to humanity, Human Geography, 14 (2) 284-287.
- Alexiou C, Mohamed A & Nellis J (2021) The impact of institutional investors on firms’ performance in the context of financialization, International Journal of Finance and Economics, 26 (1) 290-309.
- Alexiou C & Trachanas E (2021) Politics, government health expenditure and infant mortality: Does political party orientation matter?, International Journal of Social Economics, 48 (12) 1810-1825.
- Al-Moulani A & Alexiou C (2021) Benchmarking modelling in the context of banking sector deepening and long-term economic growth, Journal of Business & Economic Policy, 8 (1) 24-42.
- Alexiou C & Vogiazas S (2021) European intellectual property institutions and Chinese foreign direct investment, Journal of Economic Studies, 48 (2) 296-312.
- Subramanian L, Alexiou C, Nellis J, Steele P & Tolani F (2020) Developing a sustainability index for public health supply chains, Sustainable Futures, 2 Article No. 100019.
- Su Z & Alexiou C (2020) Equity incentive schemes, investor protection and corporate performance: evidence from China, China Finance Review International, 10 (3) 297-322.
- Alexiou C, Vogiazas S & Solovev N (2020) Economic growth and quality of institutions in 27 postsocialist economies, Journal of Economic Studies, 47 (4) 769-787.
- Alexiou C & Kartiyasa A (2020) Does greater income inequality cause increased work hours? New evidence from high income economies, Bulletin of Economic Research, 72 (4) 380-392.
- Alexiou C & Trachanas M (2020) Predicting post-war US recessions: a probit modelling approach, Structural Change and Economic Dynamics, 54 (September) 210-219.
- Alexiou C & Tyagi A (2020) Gauging the effectiveness of sector rotation strategies: evidence from the US and Europe, Journal of Asset Management, 21 (3) 239-260.
- Saade AJ & Alexiou C (2020) Poverty considerations and income aspiration: a tale of two cities, The Empirical Economics Letters, 19 (2) 121-126.
- Lubis A, Alexiou C & Nellis JG (2019) What can we learn from the implementation of monetary and macroprudential policies: a systematic literature review, Journal of Economic Surveys, 33 (4) 1123-1150.
- Menounos G, Alexiou C & Vogiazas S (2019) Investigating the relationship between high‐yield bonds and equities and its implications for strategic asset allocation during the Great Recession, International Journal of Finance and Economics, 24 (3) 1193-1209.
- Alexiou C, Chan S & Vogiazas S (2019) Homeownership motivation, rationality, and housing prices: Evidence from gloom, boom, and bust‐and‐boom economies, International Journal of Finance and Economics, 24 (1) 437-448.
- Vogiazas S, Alexiou C & Ogan O (2019) Drivers of the real effective exchange rates in high and upper-middle income countries, Australian Economic Papers, 58 (1) 41-53.
- Vogiazas S & Alexiou C (2019) Bitcoin: The road to hell is paved with good promises, Economic Notes, 48 (1) Article No. e12119.
- Papageorgiadis N, Xu Y & Alexiou C (2019) The effect of European intellectual property institutions on Chinese outward Foreign Direct Investment, Management and Organization Review , 15 (1) 81-110.
- Lubis A, Alexiou C & Nellis JG (2019) Gauging the impact of payment system innovations on financial intermediation: novel empirical evidence from Indonesia, Journal of Emerging Market Finance, 18 (3) 290-338.
- Alexiou C & Vogiazas S (2019) Untangling the nonlinear ‘knots’ of UK’s housing prices, Journal of Economic Studies, 46 (5) 1083-1103.
- Alexiou C, Vogiazas S & Nellis JG (2018) Reassessing the relationship between the financial sector and economic growth: Dynamic panel evidence, International Journal of Finance and Economics, 23 (2) 155-173.
- Alexiou C, Vogiazas S & Taqvi A (2018) Macroeconomic announcements and stock returns in US portfolios formed on operating profitability and investment, Investment Management and Financial Innovations, 15 (1) 68-89.
- Al-Moulani A & Alexiou C (2017) Banking sector depth and economic growth nexus: a comparative study between the natural resource-based and the rest of the world’s economies, International Review of Applied Economics, 31 (5) 625-650.
- Alexiou C & Nellis JG (2017) Cyclical multiplier and zero low bound effects of government expenditure on economic growth: evidence for Greece, Australian Economic Papers, 56 (2) 119-133.
- Vogiazas S & Alexiou C (2017) Determinants of housing prices and bubble detection: evidence from seven advanced economies, Atlantic Economic Journal, 45 (1) 119-131.
- Menounos G, Alexiou C & Vogiazas S (2017) The role of high-yield bonds in strategic asset allocation over the Great Recession, Investment Management and Financial Innovations, 14 (3) 270-279.
- Alexiou C & Nellis J. (2016) A post-mortem of austerity: the Greek experience, Economic Issues, 21 (2) 1-32.
- Alexiou C, Nellis J & Papageorgiadis N (2016) The effect of patent enforcement strength and FDI on economic growth, Multinational Business Review, 24 (4) 334-353.
- Alexiou C & Nellis JG (2016) Investment Decisions within the Context of Financialization: Cointegration Evidence from the UK Economy, Panoeconomicus, 63 (1) 113-133.
- Papageorgiadis N, Alexiou C & Nellis J (2016) International licensing revisited: the role of copyright and trademark enforcement strength, European Journal of Innovation Management, 19 (2) 261-275.
- Tsoulfidis L, Alexiou C & Tsaliki P (2016) The Greek economic crisis: causes and alternative policies, Review of Political Economy, 28 (3) 380-396.
- Alexiou C, Tsaliki P & Tsoulfidis L (2016) Classical theory of investment: panel cointegration evidence from 13 EU countries, Contributions to Political Economy, 35 (1) 39-56.
- Schmitt D & Alexiou C (2016) On the FDI-led Growth Hypothesis: Empirical Evidence from Ireland, The Empirical Economics Letters, 15 (2).
- Papageorgiadis N, Alexiou C & Nellis J (2016) On patent legislation, patent enforcement and economic growth: empirical evidence from developed and developing countries, Global Business and Economics Review, 18 (6) 623-641.
- Vogiazas S & Alexiou C (2015) Banking performance and the business cycle: empirical evidence from Greece, Global Business and Economics Review, 17 (4) 345-359.
- Tsoulfidis L, Alexiou C & Parthenidis T (2015) Revisiting profit persistence and the stock market in Japan, Structural Change and Economic Dynamics, 33 (June) 10-24.
- Papageorgiadis N, Cross AR & Alexiou C (2014) International patent systems strength 1998-2011, Journal of World Business, 49 (4) 586-597.
- Alexiou C & Nellis J (2014) Is Capitalism Good for the Economy?, Management Focus (Cranfield), 37 28-29.
- Alexiou C, Tsaliki P & Osman HR (2014) Institutional quality and economic growth: Empirical evidence from the Sudanese economy, Ekonomski Anali, 59 (203) 119-137.
- Vogiazas S & Alexiou C (2014) 'Putting the Horse Before the Cart': A Pre-crisis Panel Data Investigation of Greek Bank's Credit Growth, Review of Applied Economics, 10 (1-2) 49-67.
- Alexiou C, Kaimaris D & Soliopoulou A (2014) Economic Determinants of Spatial Variation of Urban Boundaries of Cities: Emerging Evidence from a Panel Data Investigation, International Journal of Economics, 8 (1) 50-57.
- Alexiou C, Karanikolas N & Xifilidou A (2014) Determinants of Construction Activity. Cointegration Evidence from the Greek Real Estate Market, The Empirical Economics Letters, 13 (6) 675-685.
- Alexiou C & Nellis JG (2013) What can the business world learn from Economists?, Global Business & Economics Anthology, I (March) 47-54.
- Vogiazas S & Alexiou C (2013) Liquidity and the business cycle: Empirical evidence from the Greek banking sector, Ekonomski Anali, 58 (199) 109-125.
- Papageorgiadis N, Cross AR & Alexiou C (2013) The impact of the institution of patent protection and enforcement on entry mode strategy: A panel data investigation of U.S. firms, International Business Review, 22 (1) 278-292.
- Alexiou C & Nellis J (2013) Is there life after "death" for the Greek economy?, International Journal of Economics and Financial Issues, 3 (4) 861-873.
- Alexiou C & Nellis J (2013) Challenging the Raison d'etre of Internal Devaluation in the Context of the Greek Economy, Panoeconomicus, 60 (6) 813-836.
- Osman RH, Alexiou C & Tsaliki P (2012) The role of institutions in economic development: Evidence from 27 Sub-Saharan African countries, International Journal of Social Economics, 39 (1/2) 142-160.
- Alexiou C & Nellis J (2012) Is the "Euro" a Defunct Currency?, International Journal of Economics and Financial Issues, 2 (3) 296-303.
- Alexiou C (2011) An empirical note on government expenditure and imports: An ARDL cointegration investigation, Rivista Internazionale di Scienze Sociali, 118 (2) 263-274.
- Alexiou C (2011) When the Bough Breaks: Making Sense of the Greek Economic "Waterloo", International Journal of Economics and Financial Issues, 1 (3) 123-132.
- Alexiou C & Tsaliki P (2010) An Empirical Investigation of Kaldor’s Growth Laws Evidence from the Mediterranean Region, Indian Economic Journal, 58 (3) 144-155.
- Alexiou C (2010) A Note on Ricardian Fiscal Regimes: Empirical Evidence from Greece, The Empirical Economics Letters, 9 (2) 183-192.
- Alexiou C (2010) A Keynesian-Kaleckian model of investment determination: a panel data investigation, Journal of Post Keynesian Economics, 32 (3) 427-443.
- Alexiou C (2010) An Overview of the Greek Electricity Market: Testing the Viability of the Electricity Budget, International Journal of Economics, 4 (1) 59-69.
- Alexiou C & Anastasiadis G (2010) FDI and Financial Restructuring in the SEE. An Overview, International Journal of Applied Business and Economic Research **, 8 (2) 107-126.
- Alexiou C & Sofoklis V (2009) Determinants of bank profitability: Evidence from the Greek banking sector, Ekonomski Anali, 54 (182) 93-118.
- Alexiou C (2009) Modelling Investment Behaviour: Emerging Evidence, Indian Economic Journal, 56 (4) 21-36.
- Alexiou C & Tsaliki P (2009) Unemployment revisited: Empirical evidence from 20 OECD countries, Contributions to Political Economy, 28 (1) 23-34.
- Alexiou C (2009) Government Spending and Economic Growth: Econometric Evidence from the South Eastern Europe (SEE) Constantinos, Journal of Economic and Social Research, 11 (1) 1-16.
- Alexiou C (2008) An Empirical Investigation into the Relationship Between R&D and Productivity, International Journal of Economics, 2 (1) 1-5.
- Alexiou C & Malioura V (2008) Purchasing Power Parity: Emerging Evidence from Asia, The Empirical Economics Letters, 7 (8) 795-802.
- Alexiou C, Tsaliki P & Tsoulfidis L (2008) The Greek Hyperinflation Revisited, Ekonomia, 11 (1) 19-34.
- Alexiou C (2007) Seeking to Redress the Balance between Capital Stock and Unemployment: Empirical Evidence from 14 EU Countries, Asian-African Journal of Economics and Econometrics, 7 (1) 237-245.
- Alexiou C (2007) The Role of the Term Structure of Interest Rates in the Transmission Mechanism of Monetary Policy: A Cointegration Analysis, The Empirical Economics Letters, 6 (5) 403-413.
- Alexiou C & Tsaliki P (2007) Foreign Direct Investment-Led Growth Hypothesis. Evidence from the Greek Economy, Zagreb International Review of Economics and Business, 10 (1) 85-97.
- Alexiou C (2007) Unraveling the ‘Mystery’ Between Public Expenditure and Growth: Empirical Evidence from Greece, International Journal of Economics, 1 (1) 21-31.
- Alexiou C (2006) Effective Demand, Inward Direct Investment, and European Unemployment: Demand and Supply-side Considerations, International Journal of Applied Business and Economic Research, 4 (2) 97-106.
- Alexiou C & Toro D (2006) Foreign Direct Investment Revisited: Empirical Evidence from a Country in Transition: The Case of Albania, Zagreb International Review of Economics and Business, 9 (2) 59-94.
- Alexiou C (2006) Macroeconomic Policy in the ‘Leaden Age’ in Europe: An Overview, Indian Development Review, 4 (1) 209-224.
- Alexiou C & Argitis G (2005) Macroeconomic Policy and Unemployment: Empirical Evidence from the Euroland, Review of Applied Economics, 1 (1) 1-20.
- Alexiou C (2004) An econometric investigation into the macroeconomic relationship between investment and saving: Evidence from the EU region, International Review of Applied Economics, 18 (1) 93-102.
- Alexiou C & Pitelis C (2003) On capital shortages and European unemployment: a panel data investigation, Journal of Post Keynesian Economics, 25 (4) 613-640.
- Alexiou C & Argitis G (2003) Capital Constraints and Unemployment in OECD countries, Spoudai Journal of Economics and Business, 53 (2) 23-36.
- Alexiou C (2003) Reflections on Macroeconomic Policy and European Unemployment after Maastricht: Some Evidence, Spoudai Journal of Economics and Business, 53 (1) 13-36.
- Alexiou C, Karanasos M & Karanassou M (2003) Stability Pact and Interest Rate Spillovers: Evidence from two EU Countries, Journal of Political Economy, 13 (Autumn) 31-55.
- Alexiou C (2001) Crafting a Post Keynesian macroeconomic framework to explain European unemployment: econometric evidence from the European Union countries, Journal of Post Keynesian Economics, 24 (1) 59-80.
- Alexiou C (2000) An Alternative Approach to Explaining Unemployment. Evidence from a Three-country Study, Spoudai Journal of Economics and Business, 50 (3-4) 19-35.
Conference Papers
- Subramanian L, Alexiou C, Nellis JG, Steele P & Tolani F (2019) Human capital and economic growth - challenges and prospects for the Nigerian economy. In: 35th Business and Economics Society International, Vienna, 6-9 July 2019.
- Lubis, A, Alexiou C & Nellis J (2018) Payment System Innovations and Financial Intermediation: The Case of Indonesia. In: Conference on Fintech, Social Finance, and Financial Stability Asian Development Bank Institute, The School of Management and Economics and Shenzhen Finance Institute, the Chinese University of Hong Kong, Shenzhen, Shenzhen, 11-12 December 2018.
- Lubis A, Alexiou C & Nellis J (2017) Implementation of monetary and macroprudential policies: a critical review. In: 31st Business and Economics Society International Conference, 2017, Crete, 6-9 July 2017.
- Alexiou C & Nellis J (2016) Government expenditure multiplier and economic growth: empirical evidence. In: 29th Business and Economics Society International Conference, Ljubljana, 6-9 July 2016.
- Alexiou C, Nellis J & Papageorgiadis N (2016) The Effects of IPR Enforcement Strength and FDI on Economic Growth. In: International Conference on Advances in Management, Economics and Entrepreneurship (ICAMEE 2016), Toronto, 25-26 December 2016.
- Papageorgiadis N, Alexiou C & Nellis J. (2015) FDI as a Facilitator of the Effect of Patent Enforcement. In: AIB-UKI Main Conference, Manchester, 16-18 April 2015.
- Alexiou C & Nellis J (2015) Gauging the Impact of Institutions on Economic Performance of Sudan: Evidence From an ARDL Cointegration Approach. In: Business and Economics Society International Conference, Las Vegas, 10-13 January 2015.
- Papageorgiadis N, Alexiou C & Nellis J (2015) On Patent Legislation, Patent Enforcement and Economic Growth: Evidence from Panel Data Estimation. In: Business and Economics Society International Conference, Las Vegas, 9-12 January 2015.
- Vardalachakis Ι, Alexiou C & Tsaliki P (2015) Sectoral Employment Elasticities for the Greek Economy: A Panel Data Analysis. In: Annual Conference on Reconstruction of Production in Greece: Study the Past, Plan for the Future, Aristotle University of Thessaloniki,, 26-28 November 2015.
- Alexiou C & Nellis J (2015) The Post-mortem of Austerity. The Greek Experience. In: 10th Annual International Symposium on Economic Theory, Policy and Applications, Athens, 20-23 July 2015.
- Papageorgiadis N, Alexiou C & Cross A (2014) International Patent Systems Strength 1998-2011. In: European Group for Organizational Studies Conference, Rotterdam, 5-7 July 2014.
- Alexiou C & Al-Moulani A (2014) The Role of the Banking Sector Development in Economic Growth and Stability in the Gulf Cooperation Council Countries. In: Business and Economics Society International Conference, Abu Dhabi, 15-18 January 2014.
- Alexiou C & Nellis J (2013) What Can Managers Learn from Economists?. In: Business and Economics Society International Conference, Perth, 7-10 January 2013.
- Alexiou C & Nellis J (2013) The Declining Competitiveness of the Greek Economy: Who Is To Blame?. In: Business and Economics Society International Conference, Perth, 7-10 January 2013.
- Papageorgiadis N, Cross A & Alexiou C (2012) International Patent Protection and Enforcement Levels: 1998-2011. In: Academy of International Business UK & Ireland Conference, Liverpool, 3-5 March 2012.
- Papageorgiadis N, Alexiou C & Cross A (2011) The Effects of Intellectual Property Rights on International Business Activity. In: 9th International Conference on Multinational Enterprises, Chinese Culture University, 5 March 2011.
- Alexiou C Investment Decisions and Intra-Capitalist Conflicts Revisited: Robust Empirical Evidence from the UK.. In: Business and Economics Society International Conference, Florence, 6-9 July 2014.
- Papageorgiadis N, Alexiou C & Nellis J Ethical Considerations Of The Post-TRIPS Effect Of Stronger Patent Protection And Enforcement On Economic Growth. In: Academy of International Business UK & Ireland Conference, York, 10-12 April 2014.
Books
- Nellis JG & Alexiou C (2015) Macroeconomics in a Global Context. ebook.
- Papageorgiadis N, Cross A & Alexiou C (2013) Do National Intellectual Property Rights Regimes Influence the Entry Mode Choice of Firms?. In: Multinational Strategies and the Changing World Economy, Academy of Performance Measurement., p. 401-438.
- Alexiou C (2010) An Introductory Note on Econometrics: Basic Concepts. Germany: LAP Lambert Academic Publishing.
- Alexiou C (2007) Seeking to Redress the Balance Between Capital Stock and Unemployment: Empirical Evidence from 14 EU countries. In: Global Economic Integration and Inequality, Serials Publications.
- Alexiou C (2005) Public Spending, Social Cohesion, and Economic Growth. In: Economic Change and Social Disparities: A Challenge in the Beginning of the 21st Century, Typothito, Athens.