Professor Mike Tsionas

Professor

PhD Supervision Interests

Available to supervise PhD students interested in Econometrics, Applied econometrics, Bayesian techniques in time series and panel data, Efficiency and productivity and Banking models.

The estimation and decomposition of tourism productivity
Assaf, A.G., Tsionas, M. expected in 2018 In: Tourism Management. 65, p. 131-142. 12 p.
Journal article

The time has come: Toward Bayesian SEM estimation in tourism research
Assaf, A.G., Tsionas, M., Oh, H. expected in 2018 In: Tourism Management. 64, p. 98-109. 12 p.
Journal article

Did the financial crisis affect the market valuation of large systemic U.S. banks?
Bertsatos, G., Sakellaris, P., Tsionas, M.G. 10/2017 In: Journal of Financial Stability. 32, p. 115-123. 9 p.
Journal article

Liquidity Creation Through Efficient M&As: A Viable Solution for Vulnerable Banking Systems? Evidence From a Stress Test Under a Panel VAR methodology
Baltas, K.N., Kapetanios, G., Tsionas, E., Izzeldin, M. 10/2017 In: Journal of Banking and Finance. 83, p. 36-56. 21 p.
Journal article

Neglected chaos in international stock markets: Bayesian analysis of the joint return-volatility dynamical system
Tsionas, M., Michaelides, P.G. 15/09/2017 In: Physica A: Statistical Mechanics and its Applications. 482, p. 95-107. 13 p.
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The Spurious Effect of ARCH Errors on Linearity Tests: A Theoretical Note and an Alternative Maximum Likelihood Approach
Pavlidis, E., Tsionas, E. 21/07/2017 In: Studies in Nonlinear Dynamics and Econometrics.
Journal article

A non-iterative (trivial) method for posterior inference in stochastic volatility models
Tsionas, M.G. 1/07/2017 In: Statistics and Probability Letters. 126, p. 83-87. 5 p.
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Endogenous bank risk and efficiency
Delis, M.D., Iosifidi, M., Tsionas, E. 1/07/2017 In: European Journal of Operational Research. 260, 1, p. 376-387. 12 p.
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A structural vector autoregressive model of technical efficiency and delays with an application to Chinese airlines
Tsionas, M.G., Chen, Z., Wanke, P. 07/2017 In: Transportation Research Part A: Policy and Practice. 101, p. 1-10. 10 p.
Journal article

Note on Posterior Inference for the Bingham Distribution
Tsionas, E. 30/06/2017 In: Communications in Statistics - Theory and Methods.
Journal article

A Bayesian approach to find Pareto optima in multiobjective programming problems using Sequential Monte Carlo algorithms
Tsionas, E. 3/06/2017 In: Omega: The International Journal of Management Science.
Journal article

Destination characteristics that drive hotel performance: a state-of-the-art global analysis
George Assaf, A., Josiassen, A., Woo, L., Agbola, F.W., Tsionas, M. 06/2017 In: Tourism Management. 60, p. 270-279. 10 p.
Journal article

Microfoundations for stochastic frontiers
Tsionas, E. 1/05/2017 In: European Journal of Operational Research. 258, 3, p. 1165-1170. 6 p.
Journal article

System stress testing of bank liquidity risk
Pagratis, S., Topaloglou, N., Tsionas, M. 05/2017 In: Journal of International Money and Finance. 73, Part A, p. 22-40. 19 p.
Journal article

Bayesian estimation of agent-based models
Grazzini, J., Richiardi, M., Tsionas, E. 04/2017 In: Journal of Economic Dynamics and Control. 77, p. 26-47. 22 p.
Journal article

Production of output and ideas: efficiency and growth patterns in the United States
Drivas, K., Economidou, C., Tsionas, E. 22/03/2017 In: Regional Studies. 14 p.
Journal article

The profit function system with output- and input-specific technical efficiency
Tsionas, M.G. 02/2017 In: Economics Letters. 151, p. 111-114. 4 p.
Journal article

Asymmetric price adjustment in the US gasoline industry: evidence from Bayesian threshold dynamic panel data models
Polemis, M.L., Tsionas, M.G. 01/2017 In: International Journal of the Economics of Business. 24, 1, p. 91-128. 38 p.
Journal article

The long-run causal relationship between exports and economic growth in the Euro area
Konstantakopoulou, I., Tsionas, E. 2017 In: Applied Economics Letters. 24, 8, p. 536-539. 4 p.
Journal article

A cost system approach to the stochastic directional technology distance function with undesirable outputs: the case of U.S. banks in 2001-2010
Malikov, E., Kumbhakar, S., Tsionas, E. 11/2016 In: Journal of Applied Econometrics. 31, 7, p. 1407-1429. 23 p.
Journal article

On the estimation of zero-inefficiency stochastic frontier models with endogenous regressors
Tran, K.C., Tsionas, E. 10/2016 In: Economics Letters. 147, p. 19-22. 4 p.
Journal article

Series estimation of functional-coefficient partially linear regression model
Tran, K.C., Tsionas, E. 10/08/2016 In: Communications in Statistics - Theory and Methods. 46, 15, p. 7593-7602. 10 p.
Journal article

A spatial stochastic frontier model with spillovers: evidence for Italian regions
Tsionas, E., Michaelides, P.G. 07/2016 In: Scottish Journal of Political Economy. 63, 3, p. 243-257. 15 p.
Journal article

Unobserved heterogeneity in hospitality and tourism research
Assaf, A.G., Oh, H., Tsionas, E. 07/2016 In: Journal of Travel Research. 55, 6, p. 774-788. 15 p.
Journal article

Business cycle determinants and fiscal policy: a panel ARDL approach for EMU
Papageorgiou, T., Michaelides, P.G., Tsionas, E. 06/2016 In: Journal of Economic Asymmetries. 13, p. 57-68. 12 p.
Journal article

Non-linearities in financial bubbles: theory and Bayesian evidence from S&P500
Michaelides, P.G., Tsionas, E., Konstantakis, K.N. 06/2016 In: Journal of Financial Stability. 24, p. 61-70. 10 p.
Journal article

Foreign direct investment determinants in OECD and developing countries
Economou, F., Hassapis, C., Philippas, N., Tsionas, E. 26/05/2016 In: Review of Development Economics. 16 p.
Journal article

An alternative semiparametric approach to the modelling of asymmetric gasoline price adjustment
Polemis, M.L., Tsionas, E. 05/2016 In: Energy Economics. 56, p. 384-388. 5 p.
Journal article

Bayesian GVAR with k-endogenous dominants & input–output weights: financial and trade channels in crisis transmission for BRICs
Tsionas, E., Konstantakis, K.N., Michaelides, P.G. 05/2016 In: Journal of International Financial Markets, Institutions and Money. 42, p. 1-26. 26 p.
Journal article

Parameters measuring bank risk and their estimation
Tsionas, E. 1/04/2016 In: European Journal of Operational Research. 250, 1, p. 291-304. 14 p.
Journal article

Zero-inefficiency stochastic frontier models with varying mixing proportion: a semiparametric approach
Tran, K.C., Tsionas, E. 16/03/2016 In: European Journal of Operational Research. 249, 3, p. 1113-1123. 11 p.
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Notes on technical efficiency estimation with multiple inputs and outputs
Tsionas, E. 1/03/2016 In: European Journal of Operational Research. 249, 2, p. 784-788. 5 p.
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Directional distance functions: optimal endogenous directions
Atkinson, S., Tsionas, E. 02/2016 In: Journal of Econometrics. 190, 2, p. 301-314. 14 p.
Journal article

The good, the bad and the technology: endogeneity in environmental production models
Kumbhakar, S.C., Tsionas, E.G. 02/2016 In: Journal of Econometrics. 190, 2, p. 315-327. 13 p.
Journal article

Bayesian analysis of multivariate stable distributions using one-dimensional projections
Tsionas, E. 01/2016 In: Journal of Multivariate Analysis. 143, p. 185-193. 9 p.
Journal article

How are market preferences shaped?: the case of sovereign debt of stressed euro-area countries
Mamatzakis, E., Tsionas, E. 12/2015 In: Journal of Banking and Finance. 61, p. 106-116. 11 p.
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System estimation of GVAR with two dominants and network theory: evidence for BRICs
Konstantakis, K.N., Michaelides, P.G., Tsionas, E., Minou, C. 12/2015 In: Economic Modelling. 51, p. 604-616. 13 p.
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Banks’ risk endogenous to strategic management choices
Delis, M.D., Hasan, I., Tsionas, M. 10/2015 In: British Journal of Management. 26, 4, p. 637-656. 20 p.
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Endogeneity in stochastic frontier models: copula approach without external instruments
Tran, K.C., Tsionas, E.G. 08/2015 In: Economics Letters. 133, p. 85-88. 4 p.
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Incorporating destination quality into the measurement of tourism performance: a Bayesian approach
Assaf, A.G., Tsionas, E. 08/2015 In: Tourism Management. 49, p. 58-71. 14 p.
Journal article

Dynamic technical and allocative efficiencies in European banking
Tsionas, E.G., Assaf, A.G., Matousek, R. 03/2015 In: Journal of Banking and Finance. 52, p. 130-139. 10 p.
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Likelihood-based inference in s-distributions
Tsionas, E. 2015 In: Communications in Statistics - Theory and Methods. 44, 1, p. 153-158. 6 p.
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On the estimation of marginal cost
Delis, M.D., Iosifidi, M., Tsionas, M. 29/04/2014 In: Operations Research. 62, 3, p. 543-556. 14 p.
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Firm-heterogeneity, persistent and transient technical inefficiency: a generalized true random effects model
Tsionas, M., Kumbhakar, S.C. 01/2014 In: Journal of Applied Econometrics. 29, 1, p. 110-132. 23 p.
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Bayesian analysis of extreme value regression
Papadakis, E.N., Tsionas, M. 11/2012 In: Applied Economics Letters. 19, 17, p. 1707-1710. 4 p.
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Maximum likelihood estimation of stochastic frontier models by the Fourier transform
Tsionas, M. 09/2012 In: Journal of Econometrics. 170, 1, p. 234-248. 15 p.
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Measurement of excess bidding in auctions
Ferona, A., Tsionas, M. 09/2012 In: Economics Letters. 116, 3, p. 377-380. 4 p.
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Bayesian estimation approaches to first-price auctions
Kumbhakar, S.C., Parmeter, C.F., Tsionas, M. 05/2012 In: Journal of Econometrics. 168, 1, p. 47-59. 13 p.
Journal article

Quantifying and explaining parameter heterogeneity in the capital regulation-bank risk nexus
Delis, M.D., Tran, K.C., Tsionas, M. 04/2012 In: Journal of Financial Stability. 8, 2, p. 57-68. 12 p.
Journal article

Stylized facts of money and credit over the business cycles
Kollintzas, T., Konstantakopoulou, I., Tsionas, M. 12/2011 In: Applied Financial Economics. 21, 23, p. 1735-1755. 21 p.
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The business cycle in Eurozone economies (1960 to 2009)
Konstantakopoulou, I., Tsionas, M. 10/2011 In: Applied Financial Economics. 21, 20, p. 1495-1513. 19 p.
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Rail infrastructure charging in Hellenic railways
Tsionas, M., Baltas, N.C., Chionis, D.P. 05/2011 In: Journal of Policy Modeling. 33, 3, p. 370-380. 11 p.
Journal article

Stochastic error specification in primal and dual production systems
Kumbhakar, S.C., Tsionas, M. 03/2011 In: Journal of Applied Econometrics. 26, 2, p. 270-297. 28 p.
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Testing for the generalized normal-Laplace distribution with applications
Meintanis, S.G., Tsionas, M. 1/12/2010 In: Computational Statistics and Data Analysis. 54, 12, p. 3174-3180. 7 p.
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A Bayesian approach to statistical inference in stochastic DEA
Tsionas, M., Papadakis, E.N. 10/2010 In: Omega: The International Journal of Management Science. 38, 5, p. 309-314. 6 p.
Journal article

Globally flexible functional forms: the neural distance function
Michaelides, P.G., Vouldis, A.T., Tsionas, M. 10/2010 In: European Journal of Operational Research. 206, 2, p. 456-469. 14 p.
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Technical and allocative efficiency in European banking
Brissimis, S.N., Delis, M.D., Tsionas, M. 1/07/2010 In: European Journal of Operational Research. 204, 1, p. 153-163. 11 p.
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Bayesian analysis of Poisson regression with lognormal unobserved heterogeneity: with an application to the patent-R&D relationship
Tsionas, M. 05/2010 In: Communications in Statistics - Theory and Methods. 39, 10, p. 1689-1706. 18 p.
Journal article

Estimating semi-parametric output distance functions with neural-based reduced form equations using LIML
Vouldis, A.T., Michaelides, P.G., Tsionas, M. 05/2010 In: Economic Modelling. 27, 3, p. 697-704. 8 p.
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Estimation of production risk and risk preference function: a nonparametric approach
Kumbhakar, S.C., Tsionas, M. 04/2010 In: Annals of Operations Research. 176, 1, p. 369-378. 10 p.
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Multivariate Pareto distributions: inference and financial applications
Papadakis, E.N., Tsionas, M. 4/03/2010 In: Communications in Statistics - Theory and Methods. 39, 6, p. 1013-1025. 13 p.
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Local GMM estimation of semiparametric panel data with smooth coefficient models
Tran, K.C., Tsionas, M. 11/2009 In: Econometric Reviews. 29, 1, p. 39-61. 23 p.
Journal article

Stylized facts of prices and interest rates over the business cycle
Konstantakopoulou, I., Tsionas, M., Kollintzas, T. 19/10/2009 In: Economics Bulletin. 29, 4, p. 2613-2627. 15 p.
Journal article

The joint estimation of bank-level market power and efficiency
Delis, M.D., Tsionas, M. 10/2009 In: Journal of Banking and Finance. 33, 10, p. 1842-1850. 9 p.
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Estimation of nonparametric inefficiency effects stochastic frontier models with an application to British manufacturing
Tran, K.C., Tsionas, M. 09/2009 In: Economic Modelling. 26, 5, p. 904-909. 6 p.
Journal article

Joint estimation of technology choice and technical efficiency: an application to organic and conventional dairy farming
Kumbhakar, S.C., Tsionas, M., Sipiläinen, T. 06/2009 In: Journal of Productivity Analysis. 31, 3, p. 151-161. 11 p.
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Bayesian inference using artificial augmenting regressions
Tsionas, M. 04/2009 In: Communications in Statistics - Theory and Methods. 38, 9, p. 1361-1370. 10 p.
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Electoral motives, partisan motives and dynamic optimality with many taxes: an international investigation
Christopoulos, D.K., Loizides, J., Tsionas, M. 02/2009 In: Scottish Journal of Political Economy. 56, 1, p. 94-113. 20 p.
Journal article

Nonparametric estimation of production risk and risk preference functions
Tsionas, M., Kumbhakar, S.C. 2009 In: Nonparametric Econometric Methods. Bingley : Emerald Group Publishing Ltd p. 223-260. 38 p. ISBN: 9781849506236.
Chapter

Does public sector efficiency matter?: revisiting the relation between fiscal size and economic growth in a world sample
Angelopoulos, K., Philippopoulos, A., Tsionas, M. 1/10/2008 In: Public Choice. 137, 1-2, p. 245-278. 33 p.
Journal article

Scale and efficiency measurement using a semiparametric stochastic frontier model: evidence from the U.S. commercial banks
Kumbhakar, S.C., Tsionas, M. 1/06/2008 In: Empirical Economics. 34, 3, p. 585-602. 18 p.
Journal article

Cost structure, efficiency and productivity in Hellenic Railways
Tsionas, M., Baltas, N.C., Chionis, D.P. 06/2008 In: Journal of Economic Asymmetries. 5, 1, p. 39-52. 14 p.
Journal article

Prometheus bound: polarization is possible in the neoclassical growth model
Tsionas, M., Theocharis, L. 05/2008 In: Metroeconomica. 59, 2, p. 203-211. 9 p.
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Estimation of input-oriented technical efficiency using a nonhomogeneous stochastic production frontier model
Kumbhakar, S.C., Tsionas, M. 01/2008 In: Agricultural Economics. 38, 1, p. 99-108. 10 p.
Journal article

Bayesian analysis of the consumption CAPM
Arakelian, V., Tsionas, M. 2008 In: Bayesian econometrics . Bingley : Emerald Group Publishing Ltd p. 619-643. 25 p. ISBN: 978-1-84855-308-8. Electronic ISBN: 978-1-84855-309-5.
Chapter

Bayesian inference in generalized error and generalized student-t regression models
Tsionas, M. 2008 In: Communications in Statistics - Theory and Methods. 37, 3, p. 388-407. 20 p.
Journal article

Estimation of cost vs profit systems with and without technical inefficiency
Tsionas, M., Kumbhakar, S.C. 2008 In: Academia Economic Papers. 36, 2, p. 145-166. 22 p.
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New evidence on stylized facts of the business cycle: an international investigation (1960-2004)
Tsionas, M., Kollintzas, T., Konstantakopoulou, I. 2008 In: Economics Bulletin. 28, 16
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