Staff profile

Professor Nicholas Apergis

Research Professor


My role as a research professor is multifold. I need to generate as many research papers as possible under the affiliation of the University. At the same time, I need to foster research collaboration with faculty members of the department so as to generate joint research studies planned to get published by three- and four-starred journals.

Moreover, my role involves applying to a number of domestic and overseas funding sources either on an individual basis or jointly with members of the department.

Other activities included in my role are:

Teaching responsibilities

I have no teaching responsibilities.

Research interests

My main areas of research are associated with:

Membership of professional bodies


Recent conferences

‘Blessing or curse? The impact of fracking activities in Oklahoma on house prices’, World Finance Conference, Cagliari 2017.
‘Wire News and Stock Returns: Evidence from the Sentiment of the European Central Bank’, B&ESI Conference, Cusco, Peru 2018.
‘Wire News and Stock Returns: Evidence from the Sentiment of the European Central Bank’, European Financial Management Association, Milan, Italy 2018.
‘Wire news and stock returns: evidence from changes in the sentiment of the European Central Bank’, British Accounting and Financial Association, Derby, UK 2018.


Experience in industry

I have been consultant in various financial/banking firms in the private sector, as well as a member of the Board of Directors for the Athens Stock Exchange, the Energy Distributor of Greece, and Eurobank Factoring. My main role in those firms was investment and regulatory consultancy.

International experience

I have been a member of the academic community in Greece for over 25 years. My current full time position is Professor of Economics in the Department of Bnking and Financial Management at the University of Piraeus, while I am on a part-time basis at the University of Derby.

In the media

I have been a regular speaker in the Greek TV and radio on a number of issues related to the Greek economy (energy sector, banking sector, fiscal issues). In addition, a number of short articles of mine are reported by a number of Greek newspapers and economic magazines. 

Recent publications

Αpergis, Ν. (2018) ‘Health behaviour convergence: evidence from fractional (long memory) convergence and British microdata’, Manchester School 86, 76-99.
Apergis, N., Payne, J. (2019, forthcoming) ‘Volatility modeling of U.S. metropolitan retail gasoline prices: an empirical note’, Journal of Regional Analysis and Policy.
Apergis, N., Rehman, M. (2018) ‘Is CAPM a behavioral model? Estimating sentiments from rationalism’, Journal of Behavioral Finance, 19, 442-449.
Apergis, E., Apergis, N. (2018) ‘What is extracted from earth is gold: are rare earths telling a new tale to economic growth?’, Journal of Economic Studies, 45, 177-192.
Apergis, N., Payne, J. (2019, forthcoming) ‘Convergence in Venture Capital Investments across U.S. Regions: An Extension of the Ballinger et al (2016) Study’, Journal of Regional Analysis and Policy.
Apergis, N., Ozcan, B. (2018) ‘The impact of Internet use on air pollution: evidence from emerging countries’, Environmental Science and Pollution Research, 25, 4174-4189.
Apergis, N. (2018) ‘Education and democracy: new evidence from 161 countries’, Economic Modelling, 71, 59-67.
Apergis, N., Vouzavalis, G. (2018) ‘Asymmetric pass through of oil prices to gasoline prices: evidence from a new country sample’, Energy Policy, 114, 519-528.
Apergis, N., Bouras, C., Christou, C., Hassapis, C. (2018) ‘Multi-horizon wealth effects across the G7 economies’, Economic Modelling, 72, 165-176. 
Apergis, N., Payne, J. (2018) ‘Resurrecting the size effect: Evidence from a panel nonlinear cointegration model for the G7 stock markets’, Review of Financial Economics, 23, 46-53. 
Apergis, N., Cooray, A. (2018) ‘The Behaviour of Interest Rate Spreads Prior to and After the Financial Crisis: Evidence across OECD countries’, Manchester School, 86, 559-585. 
Apergis, N., Katsaiti, M.S. (2018) ‘Poverty and the resource curse: evidence from a global panel of countries’, Research in Economics, 72, 211-223. 
Apergis, E., Apergis, N. (2018) ‘"Sakura" has not Grown in a Day: Infrastructure Investment and Economic Growth in Japan under Different Tax Regimes’, Empirical Economics, 1-27.
Apergis, N. (2019, forthcoming) ‘The role of the expectations channel in the quantitative easing in the Eurozone’, Journal of Economic Studies.
Apergis, N., Chesser, M. Hanly, J., Cassells, D. (2018) ‘The positive feedback cycle in the electricity market: residential solar PV adoption, electricity demand and prices’, Energy Policy, 122, 36-44.
Apergis, N., Rehman, M. (2019, forthcoming) ‘Do Global Sentiment Shocks Spillover towards Emerging and Frontier Markets?’, Journal of Economic Integration.
Apergis, E., Apergis, N. (2019, forthcoming) ‘New evidence on corruption and government debt from a global country panel: a non-linear panel long-run approach’, Journal of Economic Studies.
Apergis, N., Gozgor, G., Lau, C.K., Wang, S. (2019, forthcoming) ‘Decoding the Australian Electricity Market: New Evidence from Three-Regime Hidden Semi-Markov Model’, Energy Economics.
Apergis, N. (2019, forthcoming) ‘Financial experts on the board: does it matter for the profitability and risk of the U.K. banking industry?, Journal of Financial Research.
Apergis, N., Payne, J. (2019, forthcoming) ‘Florida metropolitan housing markets: examining club convergence and geographical market segmentation’, Journal of Housing Research.
Apergis, N., Pragidis, I. (2019, forthcoming) ‘Stock price reactions to wire news from the European Central Bank: evidence from changes in the sentiment tone and international market indexes’, Atlantic Economic Journal.
Apergis, N., Apergis, I., Cooray, A., Khraief, N. (2019, forthcoming) ‘Do gold prices respond to real interest rates? Evidence from the Bayesian Markov Switching VECM model’, Journal of International Financial Markets, Institutions & Money.
Apergis, N. (2019, forthcoming) ‘The impact of fracking activities on Oklahoma's housing prices: a panel cointegration analysis’, Energy Policy.
Apergis, N. (2019, forthcoming) ‘The role of the debt-service ratio as a leading indicator of households consumption’, Manchester School.