Ministry of economics and Finance

Ástros, Greece

Ministry of economics and Finance

Ástros, Greece
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Bucciarelli E.,University of Chieti Pescara | Persico T.E.,Ministry of economics and Finance
Advances in Intelligent Systems and Computing | Year: 2018

This work investigates how newer economic behavioural research can be applied to human group behaviour and how it can be enriched using a relatively novel knowledge discovery approach. Based on an ultimatum game study conducted in the context of an extra-lab experiment, the authors propose a tensor-based method to analyse their experimental results and, therefore, to address a multi-dimensional approach. The authors prove that subjects do not behave as game theory would predict, but rather they basically prefer fair divisions of gains. This evidence confirms significant implications for theories addressing the evolution of, and the mechanisms underpinning, human group behaviour in economics, cognitive, and organizational studies. © Springer International Publishing AG 2018.

Barca F.,Ministry of economics and Finance | Mccann P.,University of Groningen | Rodriguez-Pose A.,The London School of Economics and Political Science | Rodriguez-Pose A.,IMDEA Madrid Institute for Advanced Studies
Journal of Regional Science | Year: 2012

The paper examines the debates regarding place-neutral versus place-based policies for economic development. The analysis is set in the context of how development policy thinking on the part of both scholars and international organizations has evolved over several decades. Many of the previously accepted arguments have been called into question by the impacts of globalization and a new response to these issues has emerged, a response both to these global changes and also to nonspatial development approaches. The debates are highlighted in the context of a series of major reports recently published on the topic. The cases of the developing world and the European Union are used as examples of how in this changing context development intervention should increasingly focus on efficiency and social inclusion at the expense of an emphasis on territorial convergence and how strategies should consider economic, social, political, and institutional diversity in order to maximize both the local and the aggregate potential for economic development. © 2012, Wiley Periodicals, Inc.

Bucciarelli E.,University of Chieti Pescara | Persico T.E.,Ministry of economics and Finance
Advances in Intelligent Systems and Computing | Year: 2016

The role of fairness in economic decisions is currently at the center of numerous investigations highlighting pro-social preferences. In this paper, we focus on Amartya K. Sen’s concept of meta-ranking to study sets of preference orderings according to some fair principle. On the one hand, we propose a model based on a meta-utility function to explore different structures of preferences. On the other hand, we run an experimental economic game to test the role of metaranking, analyzing the results with a tensor-based method. The meta-ranking confirms the evidence of pro-social behavior in economic decision-making. This is consistent with the findings of the recent economic literature. © Springer International Publishing Switzerland 2016.

Rentoumis A.,VIDAVO Health Telematics | Mantzoufas N.,Ministry of economics and Finance | Kouris G.,University of Crete | Golna C.,Hoffmann-La Roche | Souliotis K.,University of Peloponnese
International Journal of Mental Health Systems | Year: 2010

Objectives: To investigate whether the long term lease of public hospital owned land could be an additional financing mechanism for Greek public (mental) health hospitals.Methods: We performed a financial analysis of the official 2008 data of a case - study hospital (Mental Health Hospital of Chania). We used a capital budgeting approach to investigate whether value is created for the public hospital by engaging its assets in a project for the development of a private renal dialysis Unit.Results: The development of the private unit in hospital owned land is a good investment decision, as it generates high project Net Present Value and Internal Rate of Return. When the project commences generating operating cash flows, nearly €400.000 will be paid annually to the Mental Health Hospital of Chania as rent, thereby gradually decreasing the annual deficit of the hospital.Conclusions: Revenue generated from the long term lease of public hospital land is crucial to gradually eliminate hospital deficit. The Ministry of Health should encourage similar forms of Public Private Partnerships in order to ensure the sustainability of public (mental) hospitals. © 2010 Rentoumis et al; licensee BioMed Central Ltd.

Metaxiotis K.,University of Piraeus | Larios Y.,Ministry of economics and Finance
IEEE Technology and Society Magazine | Year: 2010

Using digital technologies to drive productivity, economic growth and social prosperity is a key issue for government policy makers worldwide. During the last decade, governments recognized the impact that information and communication technology (ICT) can have on citizens everyday lives, at home and at work; many of them formulated e-government strategies, designed and invested in a range of ground-breaking programs to provide better service delivery, improve efficiency, and reduce costs. However, the lack of integrated digital strategies has become an important problem for governments worldwide. It is only recently that government policy makers have started looking at the potential for integrated strategies to bridge the digital divide, minimize social exclusion, and the improve quality of economic and social life. © 2006 IEEE.

Spirakis G.,Ministry of economics and Finance | Spiraki C.,General Hospital of Nafplio | Nikolopoulos K.,University of Peloponnese
Electronic Government | Year: 2010

Electronic government is the use of Information and Communication Technology in the transformation of government; primarily aiming to the improvement of accessibility, effectiveness and responsibility. It is based on the diffusion of the information and the information policy development. Electronic government guides to increasing citizens' participation and active citizens' development affecting the mechanisms of democracy. Electronic democracy (e-democracy) includes technological innovations that allow improvement and empowerment of democratic institutions with or without the use of internet. E-democracy aims the production of functional democratic processes like communication, information providing and decision-making after electronic public dialogue and voting. E-democracy is the cornerstone in a social system as citizens can have an active participation in the public issues. This paper describes the electronic government implementations promoting electronic democracy through electronic participation (e-participation) and appearing benefits for the citizens, the enterprises, the public administration and the society. © 2010 Inderscience Enterprises Ltd.

Cesaroni T.,Treasury Ministry of Economics and Finance | MacCini L.,Ministry of economics and Finance | Malgarini M.,ISAE
International Journal of Production Economics | Year: 2011

The purpose of this paper is for the first time to use Business Tendency Survey data, first, to identify new facts that are useful for the interpretation of the decline in the volatility of real activity in the Euro area, and, second, to test the inventory management hypothesis as an explanation for the Great Moderation in Europe. We present stylized facts from the Business Tendency data on series for inventories, current production, current orders, and expected production for the Euro area, emphasizing the decline in the volatility of the series. Further, we investigate whether the decline in inventory volatility can be attributed to an endogenous change in the persistence of shocks to the accumulation dynamics of inventories or to an exogenous change in the shocks hitting the inventory optimisation process. Our results at Euro level generally indicate that there is no evidence of a break in the inventory accumulation process. On the contrary, the impact of exogenous shocks on inventory volatility appears to be steadily declining over time, beginning from the mid-1980s. © 2010 Elsevier B.V. All rights reserved.

Cesaroni G.,Ministry of economics and Finance
International Transactions in Operational Research | Year: 2011

In a multiple input-output setting, we offer an example of a full-blown efficiency analysis based on the free disposal hull assumption of a non-convex technology. On a cross section of 92 units, for the time period 2006-2007, we measure technical and allocative efficiency, cost efficiency, as well as returns to scale and technical progress. Furthermore, by introducing a new cost-efficiency measure that is corrected for differences in the scale of operations (average cost efficiency), we are able to obtain an estimate of cost reductions ensuing from network restructuring based on optimal scale sizes. A detailed regional analysis of results is presented. Differences in efficiency scores, ascertained across space and time, are assessed by means of non-parametric inference testing. The input ratio is found not to be statistically correlated with cost-efficiency scores. Local provision of public services at a provincial level results in a considerable amount of average cost inefficiency. © 2010 The Authors. International Transactions in Operational Research. © 2010 International Federation of Operational Research Societies.

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