All Outputs (11)

News, fiscal rules and the Keynesian multiplier in a DSGE model (2021)
Journal Article
Tsoukis, C. (2021). News, fiscal rules and the Keynesian multiplier in a DSGE model

We extend the standard Smets-Wouters (2007) medium-sized DSGE model to analyse the effects of news and the Keynesian multiplier. News is modelled in a novel way compared to the literature, as revisions of expectations regarding future fundamentals. N... Read More about News, fiscal rules and the Keynesian multiplier in a DSGE model.

Social Capital and the Status Externality (2020)
Journal Article
Itaya, J., & Tsoukis, C. (2022). Social Capital and the Status Externality. International Journal of Economic Theory, 18(2), https://doi.org/10.1111/ijet.12261

This paper investigates how the presence of social capital affects the externality arising from status-seeking preference as a parable for inefficient antagonistic behavior. It is assumed that the stock of social capital accumulates through the strat... Read More about Social Capital and the Status Externality.

Testing for causality between FDI and economic growth using heterogeneous panel data (2020)
Journal Article
Tsoukis, C. (2020). Testing for causality between FDI and economic growth using heterogeneous panel data. The Journal of International Trade & Economic Development, 1 - 20. https://doi.org/10.1080/09638199.2019.1704843

The causal relationship between FDI inflows and growth is of great policy interest, yet the state of concrete knowledge on the issue is rather poor. Our contribution is to investigate the causal relationship between the ratio of FDI to GDP (FDIG) and... Read More about Testing for causality between FDI and economic growth using heterogeneous panel data.

Hybrid exponential-hyperbolic discounting and growth without commitment (2017)
Journal Article
Tsoukis. (2017). Hybrid exponential-hyperbolic discounting and growth without commitment. https://doi.org/10.1111/manc.12197

We analyse the time-consistent intertemporal behaviour of an individual who discounts the future hyperbolically (HD) in the absence of commitment. In continuous-time, we extend Barro's (Quarterly Journal of Economics, Vol. 114 (1999), pp. 1125–1152)... Read More about Hybrid exponential-hyperbolic discounting and growth without commitment.

Identifying the robust economic, geographical and political determinants of FDI: an Extreme Bounds Analysis (2016)
Journal Article
Chanegriha, M., Stewart, C., & Tsoukis, C. (2017). Identifying the robust economic, geographical and political determinants of FDI: an Extreme Bounds Analysis. Empirical Economics, 52(2), 759-776. https://doi.org/10.1007/s00181-016-1097-1

Understanding what determines Foreign Direct Investment (FDI) inflows remains a primary concern of economists and policy makers; yet the uncertainty surrounding FDI theories and empirical approaches has created ambiguity regarding the determinants of... Read More about Identifying the robust economic, geographical and political determinants of FDI: an Extreme Bounds Analysis.

Government size, institutions and export performance among OECD economies (2015)
Journal Article
Tsoukis. (2015). Government size, institutions and export performance among OECD economies. Economic Modelling, 37-47. https://doi.org/10.1016/j.econmod.2015.11.011

With a panel of 18 OECD countries, 1980–2005, we investigate the determinants of export performance, in particular the effects of the size of government and institutional features. In a model of endogenous extent of domestically-produced goods, gover... Read More about Government size, institutions and export performance among OECD economies.

The welfare state, institutions and export performance (2015)
Journal Article
Bournakis, I., & Tsoukis, C. (2016). The welfare state, institutions and export performance. Economic Modelling, 53, 37 - 47. https://doi.org/10.1016/j.econmod.2015.11.011

With a panel of 18 OECD countries, 1980–2005, we investigate the determinants of export performance, in particular the effects of the size of government and institutional features. In a model of endogenous extent of domestically-produced goods, gover... Read More about The welfare state, institutions and export performance.

The growth–distribution nexus in a mixed regime of education with a status motive: On the macroeconomics of the welfare state (2015)
Journal Article
Tsoukis, C. (2015). The growth–distribution nexus in a mixed regime of education with a status motive: On the macroeconomics of the welfare state. Economic Modelling, 235 - 243. https://doi.org/10.1016/j.econmod.2015.02.032

We develop a growth model with human capital accumulation to study the effects of status-driven motivation on individuals' choice between public or private education. This choice interacts with and exacerbates the effects of status, with implications... Read More about The growth–distribution nexus in a mixed regime of education with a status motive: On the macroeconomics of the welfare state.

Current accounts in the long run and the intertemporal approach: a panel data investigation (2015)
Journal Article
Tsoukis, C., Cerrato, M., Kalyoncu, H., & Hassan Naqvi, N. (2015). Current accounts in the long run and the intertemporal approach: a panel data investigation. World Economy, 38(2), 340-359. https://doi.org/10.1111/twec.12152

This paper is a theory-based study of the long-run determinants of the current account (CA). For many OECD economies after the Second World War, there has been more long-run variation in the CA data than is emphasised by a ‘Permanent Income’ version... Read More about Current accounts in the long run and the intertemporal approach: a panel data investigation.

STATUS IN A CANONICAL MACRO MODEL: LABOUR SUPPLY, GROWTH AND INEQUALITY*: Status in Macro Models (2012)
Journal Article
Tsoukis, C., & TOURNEMAINE, F. (2013). STATUS IN A CANONICAL MACRO MODEL: LABOUR SUPPLY, GROWTH AND INEQUALITY*: Status in Macro Models. Manchester School, 81, 65-92. https://doi.org/10.1111/j.1467-9957.2012.02317.x

We introduce status in a standard (‘canonical’) macro model of growth and distribution. Status is introduced in a flexible way that allows for intrinsic and extrinsic motivation, loss aversion, heterogeneity in motives and inequality aversion. We inc... Read More about STATUS IN A CANONICAL MACRO MODEL: LABOUR SUPPLY, GROWTH AND INEQUALITY*: Status in Macro Models.

The great transition: implications from environmental policy on the quality-quantity trade-off on children
Journal Article
Tsoukis, C. (2015). The great transition: implications from environmental policy on the quality-quantity trade-off on children. Singapore Economic Review, 1155-1174. https://doi.org/10.1142/S021759081550112X

We develop an overlapping-generations model with human capital accumulation and endogenous fertility containing a pollution externality. We study the effects of an environmental policy on individuals' quality-quantity trade-off on children. In a Malt... Read More about The great transition: implications from environmental policy on the quality-quantity trade-off on children.