The Political Economy of Development in Southeastern Europe

1. Front Matter

   Pages i-xiv

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2. Theoretical Concepts Understanding Economic Crisis in Europe

   1. Front Matter

      Pages 1-1

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   2. The Expansionary Fiscal Consolidation Theorem in Doubt: Its Tragic Implications and Why It Should Be Avoided

      • Konstantinos J. Hazakis

      Pages 3-15

   3. Political Risk Frameworks: A Literature Review

      • Ioannis Psychogyios, Nikitas-Spiros Koutsoukis

      Pages 17-31

3. Economic Development in South-Eastern Europe

   1. Front Matter

      Pages 33-33

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   2. Do National Borders Matter? Distance as FDI Determinant: The Case of Serbia

      • Dimitrios Kyrkilis, Natasa Grujic

      Pages 35-50

   3. Exchange Rate and Export Performance: Evidence from Serbia

      • Srđan Marinković, Marija Džunić

      Pages 51-67

   4. The New Productive Model of the Greek Economy: The Contribution of High-Technology Sector

      • Spyros Roukanas, Pantelis Sklias

      Pages 69-82

   5. Seven Years of Adjustment Policies in Greece: Fighting Against Causes or Symptoms?

      • George Galanos, Manolis Koutoulakis, Angelos Kotios

      Pages 83-108

   6. Financial and Spatial Analysis of the Greek Systemic Banks Before and During the Financial Crisis

      • Konstantinos J. Liapis, Sotirios J. Trigas, Paris A. Patsis

      Pages 109-126

   7. The Causal Relation Between Savings and Economic Growth in Turkey

      • Özcan Karahan

      Pages 127-139

4. The Global Economic Prospects

   1. Front Matter

      Pages 141-141

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   2. Energy Security and National Security: The Case of Israel

      • Floros Flouros, Spyros Roukanas, Pantelis Sklias

      Pages 143-160

   3. Mergers and Acquisitions: The Impact of Hiring Financial Advisors on Acquirer Shareholder Wealth in the US and UK Financial Services Sector

      • Bachir Sahyoun, George Giannopoulos, Yannis Anagnostopoulos, Nicos Sykianakis

      Pages 161-197

   4. Promoting National Interest: Foreign Policy and the International Lending Institutions

      • Victoria Pistikou

      Pages 199-216

This book offers important new insights into recent advances and perspectives in the field of political economy of development in Southeastern European countries. In addition, it provides theoretical and empirical contributions to political economy of development in an international context. Written by authors from Greece, Serbia and Turkey, the book covers a broad spectrum of topics – from macroeconomics and economic policy to international political economy and globalization. Presenting new and original ideas, this is a valuable resource for anyone wishing to gain a deeper understanding of political economy of development in Southeastern Europe: academicians, policymakers and business practitioners.

• Political Economy of Development
• International Political Economy
• Globalization
• Europe
• Southeastern Europe

• Department of International and European Studies, University of Piraeus, Piraeus, Greece

  Spyros Roukanas

• Department of Accounting and Finance, Technological Educational Institute of Central Macedonia, Serres, Greece

  Persefoni Polychronidou

• Eastern Macedonia and Thrace Institute of Technology, Kavala, Greece

  Anastasios Karasavvoglou

Spyros Roukanas is an assistant professor of International Political Economy at the University of Piraeus, Department of International and European Studies. His main research interests are international political economy, economic development in the countries of Southeastern Europe and emerging economies and their relations with the EU.

Persefoni Polychronidou is an assistant professor of Applied Econometrics in Accounting and Finance at the Department of Accounting and Finance at the Central Macedonia Institute of Technology. Her research focuses on statistical and data analysis and she has published numerous papers on empirical economic data.

Anastasios Karasavvoglou is a professor of Economics and president of the annual international conference "The Economies of the Balkan and the Eastern European Countries in the Changing World". He has published numerous books and papers on immigration, regional development and the labour market.

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