/library/oar/handle/123456789/28501 Mon, 10 Nov 2025 03:44:58 GMT 2025-11-10T03:44:58Z /library/oar/handle/123456789/32135 Title: Business clusters formation as a means of improving competitiveness in the tourism sector Authors: Lagos, Dimitris G.; Courtis, Panayiotis G. Abstract: Business Clusters became foreground of economic thought in the 90s due to Michael Porter’s research work, who argued that the most successful export companies belong to group of enterprises of the same industry that are geographically close to one another. This issue became even more acute because of the globalisation of the economy and the need to plan and implement policies aiming mainly at strengthening the competitiveness of small and medium sized enterprises. Tourism, as an economic activity, includes a wide range of small and medium enterprises engaging in various sectors of it. It is argued that business clusters within the field of tourism economics define de facto the competitiveness of a tourist destination. Business clusters of small and medium enterprises which operate in a tourism destination are a prerequisite contributing to its competitiveness. Especially in Greece, it is alleged that clusters can maximise the abilities offered by technology, new markets and other external factors and contribute to the strengthening of competitiveness in the tourism industry. Tue, 01 Jan 2008 00:00:00 GMT /library/oar/handle/123456789/32135 2008-01-01T00:00:00Z /library/oar/handle/123456789/31865 Title: Finance, investment and macroeconomic performance Authors: Argitis, Georgios Abstract: Finance, power and distribution are issues that are largely absent in conventional macroeconomics. This paper outlines the implicit economic process embedded in the neo-classical and new-Keynesian constructions of macroeconomics regarding the finance-investment relation. It then develops a general post-Keynesian framework and argues that finance, power and income distribution are significant determinants of investment and macroeconomic activity. Tue, 01 Jan 2008 00:00:00 GMT /library/oar/handle/123456789/31865 2008-01-01T00:00:00Z /library/oar/handle/123456789/31864 Title: An eclectic causality model for income growth : evidence from Greece Authors: Athanasenas, Athanasios L.; Katrakilidis, Constantinos P. Abstract: We present time series evidence theoretically consistent with the New Keynesian view for income growth, using Greek annual data over the period 1970- 2004. The empirical analysis employs a hybrid model for income growth using the ARDL approach to co integration. Evidently, growth financing, under changing fiscal and monetary regimes and interest rates’ management are inextricably linked. These links still remain challenging and further research needs. Tue, 01 Jan 2008 00:00:00 GMT /library/oar/handle/123456789/31864 2008-01-01T00:00:00Z /library/oar/handle/123456789/31857 Title: The effects of dependency on debt financing on financial reporting policy : the case of Greece Authors: Bellas, Athanasios P.; Tzovas, Christos Abstract: Financial statements information is supposed to influence the credit decisions of credit institutions. Furthermore, debt agreements include terms based upon accounting numbers. Within this context an accounting choice aiming to minimize tax liability might generate significant non-tax costs for a firm. The significance of these costs is conditioned upon the level of dependency of firm on debt financing. This paper examines the arguments that have been developed regarding the association between firm’s leverage ratio and its accounting policy decisions. Given the level of dependency of Greek industrial firms on bank financing it is argued that the above mentioned factors might affect the accounting policy decisions of Greek firms and prompt them to deviate from a tax-reducing policy. Tue, 01 Jan 2008 00:00:00 GMT /library/oar/handle/123456789/31857 2008-01-01T00:00:00Z