Research

Interests

Primary Interests: Macroeconomics, International Economics and Economic Growth.

Secondary Interests: Knowledge Spillovers from FDI, Productivity Measurement, Firm Performance and Internationalisation and The Political Economy of Fiscal Policy.

Selected Publications

Bournakis, I., Tsionas, M., & Izzeldin, M., 2025, "Integrating Technical Knowledge and Entrepreneurial Skills in Production: A Deconfounding Approach", Open Economies Review. Accepted.
Bournakis, I., Motta, V.,& Vidali, M., 2025, "No road with roses in developing countries: gender diversification in firm leadership and total factor productivity", Macroeconomic Dynamics. 29, e75. [DOI]
Bournakis, I., & Romero-Jordán, D., 2024, "Corporate Tax, R&D and Export Decisions: Evidence from European Firms", Review of International Economics, 32(5), pp. 2226-2258. [DOI]
Bournakis, I., Coyle, D., McHale, J. & Mei, J-C., 2024, "Recent Trends in Firm-Level Total Factor Productivity in the United Kingdom: New Measures and New Puzzles", Economica, 91, pp.132-1348. [DOI]
Bournakis, I., & Ramirez-Rondan, N., 2024, "Does Uncertainty Matter for the Fiscal Consolidation and Investment Nexus?", The B.E. Journal of Macroeconomics, 24(1), pp.529-559. [DOI]
Bournakis, I., Tsionas, M., 2024, "Α Non-Parametric Estimation of Total Factor Productivity (TFP) with Idiosyncratic and Aggregate Shocks: The Role of R&D and Corporate Tax", Oxford Bulletin of Economics and Statistics, 86(3), pp.641-671. [DOI]
Bournakis, I., Savoia, F., Said, M. and Savoia, A., 2023, "Regional income inequality in Egypt: Evolution and implications for Sustainable Development Goal 10", Oxford Development Studies, 52(1), pp.17-33. [DOI]
Bournakis, I., Mei, J-C., 2023, "Gender, Firm Performance, and FDI Supply-Purchase Spillovers in Emerging Markets", International Economics, 175, pp.90-105. [DOI]
Bournakis, I., Christopoulos, D., & Rizov, M., 2023, "Revisiting the Economic Performance and Institutions Debate in SSA Countries: The Role of Legal Origins in the Context of Ethnic Heterogeneity", Economic Modelling, 125, 106332. [DOI]
Bournakis, I., Mei, J-C., 2023, "Embodied and Disembodied Spillovers from FDI: Sectoral Evidence from Ireland", Journal of Industry, Competition and Trade, 23, pp.59-80. [DOI]
Bournakis, I., Boikos, S., Christopoulos, D, & McAdam, P., 2023, "Financial Reforms and Innovation: A Micro-Macro Perspective", Journal of International Money and Finance, 132, 102820. [DOI] Access to the Working Paper from ECB
Bournakis, I., Tsionas, M., 2022, "Productivity with Endogenous FDI Spillovers: A Novel Estimation Approach", International Journal of Production Economics, 251, 108546. [DOI]
Bournakis, I., Papaioannou, S, & Papanastassiou, M., 2022, "Multinationals and Domestic TFP: Competition Effects, Knowledge Spillovers and Foreign Ownership", World Economy, 45(12), pp.3715-3750.[DOI]
Bournakis, I. 2021, "Spillovers and Productivity: Revisiting the Puzzle with EU Firm-Level Data", Economics Letters, Forthcoming. [DOI]
Bournakis, I. & Mallick, S. 2021, "Do corporate taxes harm economic performance? Explaining distortions in R&D-and export-intensive UK firms", Macroeconomic Dynamics, 25(1), pp. 5-27.[DOI]
Savic, M., Lawton Smith, H. & Bournakis, I. 2020, "Innovation and external knowledge sources in knowledge-intensive business services (KIBS): evidence from de-industrialised UK regions", Entrepreneurship & Regional Development, vol.32, no 9-10, pp.805-826. [DOI]
Bournakis, I., Papanastassiou, M. & Pitelis, C. 2019, "The impact of multinational and domestic enterprises on regional productivity: evidence from the UK", Regional Studies, 53(2), pp. 159-170. [DOI]
Bournakis, I., Vecchi, M. & Venturini, F. 2018, "Off‐Shoring, Specialisation and R&D", Review of Income and Wealth, vol. 64, no. 1, pp. 26-51. [DOI]
Bournakis, I., Christopoulos, D. & Mallick, S. 2018, "Knowledge Spillovers and Output Per Worker: An Industry‐Level Analysis for OECD Countries", Economic Inquiry, 56(2), pp. 1028-1046. [DOI]
Bournakis, I. & Mallick, S. 2018, "TFP estimation at firm level: The fiscal aspect of productivity convergence in the UK", Economic Modelling, vol. 70, pp. 579-590. [DOI]

Other Publications.

Bournakis, I. 2024, "The Diverse Academic Contributions of Professor Mike Tsionas", Tourism Economics, Forthcoming. [DOI]
Bournakis, I., & Dolores Añón Higón, 2024, "Participation in Global Value Chains and Markups: Firm Evidence from Six European Countries", International Economics and Economic Policy, 21(2), pp. 515-539 [DOI]
Bardaka, I., Bournakis, I. & Kaplanoglou, G. 2020, " Total Factor Productivity (TFP) and Fiscal Consolidation: how harmful is austerity?", Economic Modelling. 94, pp.908-922.
Zhang, S., Zhao, S., Bournakis, I., Pearce, R. & Papanastassiou, M. 2018, "Subsidiary roles as determinants of subsidiary technology sourcing: empirical evidence from China", Economia Politica. 35(2), pp. 623-648.
Bournakis, I. & Tsoukis, C. 2016, "Government size, institutions, and export performance among OECD economies", Economic Modelling, vol. 53, pp. 37-47.
Bournakis, I. 2014, "Costs, Knowledge and Market Structure: understanding the puzzle of international competitiveness with Greek export data", International Review of Applied Economics, 28(2), pp. 240-269.
Bournakis, I. 2012, "The Determinants of Exports in the Greek Manufacturing Sector", Global Business and Economics Review, 14(4), pp. 362-380.
Bournakis, I. 2012, "Sources of TFP growth in a Framework of Convergence-Evidence from Greece", International Review of Applied Economics, 26(1), pp. 47-72.
Bournakis, I. & Vecchi, M. 2010, "Tangible and Intangible Capital and the Pattern of Specialisation in the EU", Review of Economics and Institutions, 1(2).

Books and Chapters in Edited Volumes

Bournakis, I., Vecchi, M. 2025. Technology and Employment: Evidence for the UK Labour Market. In: Aldieri, L. (eds) Technological Evolution. Contributions to Economics. Springer, Cham. Access
Bournakis, I., Tsoukis, C., Christopoulos, D.K. & Palivos, T. 2017, Political Economy Perspectives on the Greek Crisis: Debt, Austerity and Unemployment, Springer.
Bournakis, I., Tsoukis, C., Christopoulos, D.K. & Palivos, T. 2017, "Introduction" in Political Economy Perspectives on the Greek Crisis: Debt Austerity and Unemployment, Springer.
Bournakis, I. & Christopoulos, D.K. 2017, "Output and Unemployment: Estimating Okun’s Law for Greece" in Political Economy Perspectives on the Greek Crisis, Springer, pp. 273-287.
Bournakis, I. & Tsoukis, C. 2017, "Greece’s competitiveness: A survey and concluding remarks" in Political Economy Perspectives on the Greek Crisis Springer, , pp. 359-382.

Book Reviews and Policy Related Output

Bournakis, I., "Παράλληλοι Δρόμοι (in Greek) ", ΤΑ ΝΕΑ, 8/09/2025
Bournakis, I., 2025, "Aveugle, la fiscalité des entreprises nuit au développement des firmes les plus fragiles. Comment y remédier ? " THE CONVERSATION, in French.
Bournakis, I., Savoia, A., Savoia, F. & Said, M. 2024, "Reducing inequalities: how should we measure and monitor SDG Goal 10? - Development Matters", OECD Development Matters Blog
Bournakis, I., Savoia, A., Savoia, F. & Said, M. 2024, "Inégalités et objectifs de développement durable : comment ne plus se voiler la face ?" THE CONVERSATION, in French.
Bournakis, I., 2023, "Why Do Ex-French Sub-Saharan Colonies Fare Better Economically than Ex-British Ones?", SKEMA THINKFORWARD
Bournakis, I., 2023, "Innovation needs Financial Competition, not Deregulation", SKEMA THINKFORWARD
Bournakis, I. 2021, "Inequality Convergence Across Egyptian Regions", ERF Policy Forum
Bournakis, I. 2021, "An introduction to geographical and urban economics: A spiky world", Regional Studies, pp.1-2. [DOI]
Bournakis, I. 2019, "The politics of fiscal federalism: Neoliberalism versus social democracy in multilevel governance", Regional Studies, pp. 1-2. [DOI]

Working Papers- Current Work

Work in Progress

Bournakis, I., Tsionas, E., Izzeldin, M. & Yuting, B., 2025. Corporate Social Responsibility (CSR) and Prices of UK Firms: Measuring the Effects on Markups and Marginal Costs. Mimeo.
Bournakis, I. & Ayad, M., 2023. Determinants of Foreign Market Extension Mode of MNEs in France. Mimeo.
Bournakis, I., Coyle, D., McHale, J. and Mei, J-C., 2024. Recent Trends in Firm-Level Markups in the United Kingdom. Access from: Bennett Institute for Public Policy

Page updated

Google Sites

Report abuse