Staff publications (BAM)

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Browsing Staff publications (BAM) by Author "Alexiou, Constantinos"

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    A review of the performance metrics and entrepreneurial practices of economics and business departments in UK universities: a ‘Gresham’s Law’ threat?
    (Sage Publications, 2025) Alexiou, Constantinos; Saridakis, George
    Entrepreneurial approaches and privatisation practices have been widely embraced by academic and professional leadership teams in UK universities, arguably to ensure that the existing chasm between universities and society is bridged. Departments specialising in economics and business have transformed into mechanisms for disseminating knowledge reconfigured to meet the social and economic demands of the contemporary ‘entrepreneurial’ university. This article, through a comprehensive review of the extant literature, argues that the entrepreneurial practices and performance-driven metrics adopted by UK universities have largely suppressed academic pluralism, theoretical development and heterodox thinking. We are of the view that market practices, in conjunction with managerial-type approaches aimed at satisfying specific institutional and individual performance metrics, raise ethical concerns that undermine the established role of academia. The preservation of the university’s traditional role as an institution that promotes intellectual inquiry and pluralism, seeking factual and new knowledge by cultivating virtues and creativity, requires renunciation of the current model, which has transformed universities into ‘businesses’, and academics into ‘entrepreneurs’. Several alternative propositions are offered which, if considered, may help restore the sacrosanct role of the university as an institution of paideia.
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    Dynamic distributional effects of fiscal consolidation: a sample of 16 OECD countries
    (National Library of Serbia, 2025-12-31) Okeke, Angela; Alexiou, Constantinos; Nellis, Joseph G.
    We explore the long-term distributional consequences of fiscal adjustment episodes and the dynamic consequences of fiscal consolidation for countries with large sized consolidations vis-a-vis countries with small sized consolidations. In this direction, panel ARDL and impulse response functions using local projections are adopted for a panel of 16 OECD countries covering the period 1980 to 2019 based on a newly updated fiscal adjustment dataset, compiled by Gustavo Adler et al. (2024). The evidence suggests that adverse income disparities which tend to arise upon implementation of fiscal adjustments are dynamic and persist through the long run. While baseline results for the Gini suggest that long-term inequality levels hold at approximately the same as peak levels (by the 7th period), inequality measured by the bottom 40 income share appear to exhibit peak levels at the 14th period, suggesting a more persistent impact. Disaggregating impact by adjustment size, evidence is also offered for small-sized adjustment and large-sized adjustment countries showing that small-sized adjustments lead to gradual but prolonged inequality effects, while large-sized adjustments generate steeper but shorter-lived inequality increases.