Dr. Nickolaos G. Tzeremes

Full Professor of Microeconomic Analysis

Department of Economics, University of Thessaly,

28hs Octovriou 78, Volos, P.C. 38333, Volos, Greece

Profiles:

ORCiD: Link

Scopus: Link

Web of Science: Link

Google Scholar: Link

Research Interests:

Efficiency & Productivity Analysis

Editorial Boards

2017-:Associate Editor of ECONOMIC MODELLING, Elsevier BV  [link]

2019-:Editorial Board Member of TOURISM ECONOMICS, SAGE Publications Ltd [link]

2022-:Associate Editor of INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, John Wiley & Sons Ltd [link]

Academic Appointments


2021-: (Full) Professor of Microeconomic Analysis, Department of Economics, University of Thessaly, Volos, Greece.

2017-2021: Associate Professor of Economic Analysis, Department of Economics, University of Thessaly, Volos, Greece.

2013-2017: Assistant Professor of Economic Analysis, Department of Economics, University of Thessaly, Volos, Greece.

2009-2013: Lecturer of Economic Analysis, Department of Economics, University of Thessaly, Volos, Greece.

Teaching

Microeconomic Analysis I, Microeconomic Analysis II, Multinational Enterprises, Total Quality Management, Efficiency and Productivity Measurement

PhD supervision

Stavros Kourtzidis (completed , June 2015 ). Thesis title:  “Construction and economic applications of two-stage DEA models”[link].

Kleanthis Natsiopoulos (Under supervision, from February 2019). Thesis title: "Computational Statistics and Econometrics: Economic Models and Applications in R-language" [link].

Reviewer

Applied Economics Letters, Applied Economics, Applied Energy, Annals of Operations Research, Anatolia, British Journal of Management, Bulletin of Economic Research, Business Strategy and the Environment, Computational Economics, Computers & Industrial Engineering, Corporate Social Responsibility & Environmental Management Journal, Defense and Peace Economics, Ecological Economics, Economic Analysis & Policy, Economic Change and Restructuring, Economic Modelling, Economic Systems, Economics Bulletin, Economics of Education Review, Economics of Innovation and New Technology, Economies, Emerging Markets Finance and Trade, Empirical Economics, Energy, Energy Economics, Environment & Development Economics, Environmental Modeling & Assessment, European Journal of Operational Research, Expert Systems with Applications, IMA Journal of Management Mathematics, INFOR: Information Systems and Operational Research, International Journal of Hospitality Management, International Journal of Information Technology & Decision Making, International Journal of Production Economics, International Journal of Productivity and Performance Management, International Review of Applied Economics, International Review of Economics and Finance, International Journal of Finance and Economics, International Review of Financial Analysis, International Tax & Public Finance, Japan & The World Economy,Journal of Applied Economics, Journal of Asian Economics, Journal of Banking & Finance, Journal of Business Research, Journal of Cleaner Production, Journal of Co-operative Organization and Management, Journal of Common Market Studies, Journal of Cultural Economics, Journal of Economic Behavior and Organization, Journal of Economic Structures, Journal of Economic Studies, Journal of Environmental Management, Journal of Hospitality & Tourism Research, Journal of Institutional Economics, Journal of International Financial Markets, Institutions & Money, Journal of International Money and Finance, Journal of the Operational Research Society, Journal of Productivity Analysis, Journal of Regional Science, Letters in Spatial and Resource Sciences, Managerial & Decision Economics, Omega: The International Journal of Management Science, Operational Research: An International Journal, PLOS ONE, Processes, Quarterly Review of Economics & Finance, North American Journal of Economics & Finance. RAIRO - Operations Research, Physica A: Statistical Mechanics and its Applications, Research in International Business and Finance, Research Policy, Resource Policy, Review of Development Economics, SPOUDAI Journal of Economics and Business, Studies in Microeconomics, Sustainability, Technological Forecasting & Social Change, Tourism Economics, Transportation Research Part D: Transport and Environment.

Recent Participation in International Conferences


Karagiannis G, Kourtzidis S, Tzeremes NG, Fifield S,  (2023). Examination of Decomposition Weights in the Additive Two-Stage Network Data Envelopment Analysis Model: An Application to UK Investment Trusts. The North American Productivity Workshop (NAPW). June 12-15, University of Miami Business School, Miami, USA.

Karagiannis G,Kourtzidis S,Tzeremes NG, (2023). A Generalised Additive Two-Stage Network DEA Model: The Case of an External Single Constant Input. DEA45: International Conference on Data Envelopment Analysis, Surrey Business School, University of Surrey, UK, September 4-6.

Kourtzidis S,Tzeremes NG, (2022). Measuring Banking Performance in a Network DEA context: A General Weight Assurance Region Model. 17th European Workshop on Efficiency and Productivity Analysis (EWEPA XVII), Porto, Portugal, June 27-29.

Kounetas K, Polemis ML, Tzeremes NG (2021). Measurement of eco-efficiency and convergence: Evidence from a non-parametric frontier analysis. The 12th North American Productivity Workshop (NAPW XII Virtual), June 07-11, University of Miami Business School, Miami, USA.

Kourtzidis S,Tzeremes NG, Fifield S, (2020). A general weight assurance region model for fund performance evaluation: An application to UK investments trusts. The 11th North American Productivity Workshop (NAPW XI Virtual), June 8-12. University of Miami Business School, Miami, USA.

Jose Manuel Cordero, Carlos Díaz-Caro, Tzeremes NG, (2019). Assessing the performance of Spanish banks: An application of conditional efficiency measures with unobserved heterogeneity. European Workshop on Efficiency and Productivity Analysis (EWEPA 2019), 10-13 June , London, UK.

Kourtzidis S, Tzeremes NG, (2019). Measuring bank performance using production trade-offs: A network DEA approach. European Workshop on Efficiency and Productivity Analysis (EWEPA 2019), 10-13 June , London, UK.

Kourtzidis S, Matousek R, Tzeremes NG, (2018). Good and Bad outputs in bank performance modelling: A relational network DEA approach. The North American Productivity Workshop (NAPW X), University of Miami, Miami, USA,  June 12-15.

He F, Matousek R, Tzeremes NG, (2017). Education and its impact on innovation and performance: Evidence from banking industry. International Finance and Banking Society (IFABS)-Financial Innovation, Stability and Sustainable Growth, University of Nottingham Ningbo China & New York University (NYU), August 31-September 02, Shanghai, China.

Matousek R, Papadamou S, Tzeremes NG, (2017). The transmission of quantitative easing to real economy and the importance of Bank lending channel: Evidence from Regional banks in Japan. International Finance and Banking Society (IFABS)-Towards an Integrated View of Financial Regulation: Key Lessons from the Crisis and Future Challenge, Saïd Business School, University of Oxford, July 15-17, Oxford, UK.

Cordero JM, Diaz-Caro C, Pedraja-Chaparro F. Tzeremes NG, (2017). A conditional directional distance function approach for measuring tax collection efficiency: Evidence from Spanish regional offices. 15th European Workshop on Efficiency and Productivity Analysis (EWEPA XV), 12 - 15 JUNE, 2017, LONDON. Organised by the Centre for Productivity and Performance (CPP) and the School of Business and Economics of Loughborough University, UK.

Degl'Innocenti M, Matousek R, Tzeremes NG, (2016). The impact of financial centres' competitiveness on efficiency and convergence of the worldwide banking system. The North American Productivity Workshop (NAPW IX), Carleton University, june 15-18, Quebec City, Canada.

Mallick S, Matousek R, Rughoo A, Tzeremes NG, (2016). Understanding behavioural differences in the indian banking sector: Efficiency and convergence. International Finance and Banking Society (IFABS)-Risk in Financial Markets and Institutions: New challenges, New solutions. Universitat Autonoma de Barcelona (UAB), Casa Convalescencia, Barcelona, Spain, June 01-03.

Software Component in R

CRAN Package: ARDL  [Download] ,  

Package Description: Creates complex autoregressive distributed lag (ARDL) models providing just the order and automatically constructs the underlying unrestricted and restricted error correction model (ECM). It also performs the bounds-test for cointegration as described in Pesaran et al. (2001) [doi:10.1002/jae.616] and provides the multipliers and the cointegrating equation.


NEWS!!! The validity and the accuracy of the "ARDL" package have been verified by replicating successfully Pesaran et al. 's (2001) [doi:10.1002/jae.616] results. 

When use the package please cite as: 

(1) Natsiopoulos K, Tzeremes N, (2022). ARDL bounds test for cointegration: Replicating the Pesaran et al. (2001) results for the UK earnings equation using R. JOURNAL OF APPLIED ECONOMETRICS, 37(5), 1079-1090. [link]

*R Codes & Data of the paper [Here] 

(2) Natsiopoulos K, Tzeremes N, (2022). ARDL: An R package for the analysis of level relationships. JOURNAL OF OPEN SOURCE SOFTWARE, 7(79), 3496. [link]


Awards/ Distinctions

2022-Listed at 2% top-cited scientists worldwide for 2021 based on standardized citation metrics, derived by Scopus database. [link 1] [link 2]

2021-Recipient of the Editors' Award for "Outstanding contribution in reviewing" from JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY [link]

2019-Recipient of the "Editors' Award for Excellence in reviewing" from EUROPEAN JOURNAL OF OPERATIONAL RESEARCH [link]

2018-Recipient of the "Editors' Award for Excellence in reviewing" from EUROPEAN JOURNAL OF OPERATIONAL RESEARCH [link]

2015-Recipient of the "Editors' Award for Excellence in reviewing" from EUROPEAN JOURNAL OF OPERATIONAL RESEARCH [link]


Selected Publications

Fukuyama H, Matousek R, Tzeremes NG (2023). Estimating  the degree of firms’ input market power via data envelopment analysis: Evidence from the global biotechnology and pharmaceutical industry. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 305, 946-960. [link]

Natsiopoulos K, Tzeremes N, (2022). ARDL bounds test for cointegration: Replicating the Pesaran et al. (2001) results for the UK earnings equation using R. JOURNAL OF APPLIED ECONOMETRICS,  37(5), 1079-1090. [link]

Tsionas M, Tzeremes NG (2022). The Degree of Internationalization and Firm Productivity: Empirical evidence from large multinationals. BRITISH JOURNAL OF MANAGEMENT, 33, 1969-1990. [link]

Fukuyama H, Matousek R, Tzeremes NG (2022). Minimum distance efficiency measure in bank production: A directional slack inefficiency approach. JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY, 73(8), 1742-1754. [link]

Tsionas M, Tzeremes NG (2022). Eco-efficiency estimation with quantile stochastic frontiers: Evidence from the United States. JOURNAL OF ENVIRONMENTAL MANAGEMENT, 320, 115876. [link]  

Fukuyama H, Matousek R, Tzeremes NG (2022). Bank production with nonperforming loans: A minimum distance directional slack inefficiency approach. OMEGA, 113, 102706. [link]

Kourtzidis SA, Matousek R, Tzeremes NG (2021). Modelling a multi-period production process: Evidence from the Japanese regional banks. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 294, 327-339. [link]

Polemis ML, Stengos T, Tzeremes P, Tzeremes NG (2021). Quantile eco-efficiency estimation and convergence: A nonparametric frontier approach. ECONOMICS LETTERS, 202, 109813. [link]

Kounetas K, Polemis ML, Tzeremes NG (2021). Measurement of eco-efficiency and convergence: Evidence from a non-parametric frontier analysis. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 291(1), 365-378. [link]

Polemis ML, Stengos T, Tzeremes NG (2020). Modeling the effect of competition on US manufacturing sectors' efficiency: An Order-m frontier analysis. JOURNAL OF PRODUCTIVITY ANALYSIS, 54, 27-41. [link]

Cordero JM, Polo C, Tzeremes NG (2020). Evaluating the efficiency of municipalities in the presence of unobserved heterogeneity.  JOURNAL OF PRODUCTIVITY ANALYSIS, 53(3), 377-390.[link]

Fukuyama H, Matousek R, Tzeremes NG (2020). A Nerlovian cost inefficiency two-stage DEA model for modelling banks’ production process: evidence from the Turkish banking system. OMEGA, 95, 102198. [link]

Polemis ML, Stengos T, Tzeremes NG (2020). Advertising expenses and operational performance: Evidence from the global hotel industry. ECONOMICS LETTERS, 192, 109220. [link

Grant K, Matousek R, Meyer M, Tzeremes NG (2020). Research and development spending and technical efficiency: Evidence from biotechnology and pharmaceutical sector. INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH, 58(20), 6170-6184. [link]

Broadstock D, Matousek R, Meyer M, Tzeremes NG (2020). Does Corporate social responsibility impact firms' innovation capacity? The indirect link between environmental & social governance implementation and innovation performance. JOURNAL OF BUSINESS RESEARCH, 119, 99-110. [link]

Tzeremes NG (2019). Technological change, technological catch-up and export orientation: Evidence from Latin American Countries.  JOURNAL OF PRODUCTIVITY ANALYSIS, 52(1-3), 85-100. [link]

Matousek R, Papadamou S, Sevic A,  Tzeremes NG (2019). The effectiveness of quantitative easing: Evidence from Japan. JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 99, 102068. [link].

Degl'Innocenti M, Matousek R, Tzeremes NG (2019). The Interconnections of academic research and universities' "third mission": Evidence from the UK. RESEARCH POLICY, 48(9) 103793. [link]

Polemis M, Tzeremes NG (2019). Competitive conditions and sectors’ productive efficiency: A conditional non-parametric frontier analysis. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 276(3), 1104-1118. [link]

Kourtzidis SA, Matousek R, Tzeremes NG (2019). Productivity Growth in Network Models: An Application to Banking during the financial crisis. JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY, 70, 111-124. [link]

Degl'Innocenti M, Matousek R, Tzeremes NG (2018). Financial centres’ competitiveness and economic convergence: Evidence from the EU regions. ENVIRONMENT AND PLANNING A, 50(1), 133-156.  [link]

Grant K, Matousek R, Meyer M, Tzeremes NG (2017). A research note on multinationality and firm performance: nonparametric frontier analysis. INTERNATIONAL JOURNAL OF OPERATIONS AND PRODUCTION MANAGEMENT, 37(10), 1408-1424. [link]

Kevork I, Pange J, Tzeremes P, Tzeremes NG (2017). Estimating malmquist productivity indexes using probabilistic directional distances: An application to the European banking sector. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 261(3), 1125-1140 . [link]

Degl'Innocenti M, Kourtzidis SA, Sevic Z, Tzeremes NG (2017). Bank productivity growth and convergence in the European Union during the financial crisis. JOURNAL OF BANKING AND FINANCE, 75, 184-199. [link].

Mallick S, Matousek R, Tzeremes NG (2016). Financial development and productive inefficiency: A robust conditional directional distance function approach. ECONOMICS LETTERS, 145, 196-201. [link]

Matousek R, Tzeremes NG (2016). CEO compensation and bank efficiency: An application of conditional nonparametric frontiers. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 251(1), 264-273. [link]

Halkos GE, Tzeremes, NG, Kourtzidis, S. A. (2015). Weight assurance region in two-stage additive efficiency decomposition DEA model: an application to school data. JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY, 66(4), 696-704. [link]

Tzeremes NG (2015). Efficiency dynamics in Indian banking: A conditional directional distance approach. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 240(3), 807-818. [link]

Tzeremes NG (2014). The effect of human capital on countries' economic efficiency. ECONOMICS LETTERS, 124(1), 127-131. [link]

Halkos GE, Tzeremes NG (2013). Economic growth and environmental efficiency: Evidence from US regions. ECONOMICS LETTERS, 120(1), 48-52. [link]

Halkos GE, Tzeremes NG  (2013). A conditional directional distance function approach for measuring regional environmental efficiency: Evidence from UK regions. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 227(1), 182-189. [link]

Halkos GE, Tzeremes NG (2013). Estimating the degree of operating efficiency gains from a potential bank merger and acquisition: A DEA bootstrapped approach.  JOURNAL OF BANKING AND FINANCE, 37(5), 1658-1668. [link]

See all publications

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