Research

 Selected Publications

1. Bournakis, I., Christopoulos, D., 2026, "Why do effective tax rates fall with capital intensity?", Economic Letters, 261, 112827. [DOI]  

2.  Bournakis, I., Coyle, D., McHale, J. & Mei, J-C., 2026, "Converging to mediocrity: Trends in firm-level markups in the United Kingdom 2008–2019", Economic Letters, 261, 112851. [DOI]  

3. Bournakis, I., Tsionas, M., & Izzeldin, M., 2025, "Integrating Technical Knowledge and Entrepreneurial Skills in Production: A Deconfounding Approach", Open Economies Review. Accepted. 

4. 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] 

5. 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] 

6. 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]

7. 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]

8. 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] 

9. 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] 

10. Bournakis, I.,  Mei, J-C., 2023, "Gender, Firm Performance, and FDI Supply-Purchase Spillovers in Emerging Markets", International Economics, 175, pp.90-105. [DOI] 

11. 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] 

12. 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] 

13. 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 

14. Bournakis, I., Tsionas, M., 2022, "Productivity with Endogenous FDI Spillovers: A Novel Estimation Approach",  International Journal of Production Economics, 251, 108546. [DOI] 

15. 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] 

16. Bournakis, I. 2021, "Spillovers and Productivity: Revisiting the Puzzle with EU Firm-Level Data", Economics Letters, Forthcoming. [DOI] 

17. 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] 

18. 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] 

19. 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] 

20. 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] 

21. 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] 

22. 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.

1. Bournakis, I. 2024, "The Diverse Academic Contributions of Professor Mike Tsionas", Tourism Economics, Forthcoming. [DOI] 

2. 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] 

3. Bardaka, I., Bournakis, I. & Kaplanoglou, G. 2020, " Total Factor Productivity (TFP) and Fiscal Consolidation: how harmful is austerity?", Economic Modelling. 94, pp.908-922.

4. 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.

5. Bournakis, I. & Tsoukis, C. 2016, "Government size, institutions, and export performance among OECD economies", Economic Modelling, vol. 53, pp. 37-47.

6. 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.

7. Bournakis, I. 2012, "The Determinants of Exports in the Greek Manufacturing Sector", Global Business and Economics Review,  14(4),  pp. 362-380.

8. 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.

9. Bournakis, I. & Vecchi, M. 2010, "Tangible and Intangible Capital and the Pattern of Specialisation in the EU", Review of Economics and Institutions,  1(2).