The Faculty Research Spotlight series is an initiative designed to highlight the accomplishments of AUBG faculty and make their work more visible. Through regular posts on our website, we showcase research and publications from our academic community.
This week, we would like to acknowledge the Economics department’s recent research activities.
Erdinç, D. (2025). Credit risk and competitive behavior in European banking. In M.H. Bilgin, H. Danis, E. Demir, & G. Di Bartolomeo (Eds.), Eurasian Studies in Business and Economics: Vol. 33. Eurasian Business and Economics Perspectives (pp. 219–236). Springer. https://doi.org/10.1007/978-3-031-84319-8_13
This paper revisits the bank competition-stability nexus in European banking from a novel angle treating jointly and interactively a set of competition and concentration measures. Policy makers should monitor a wider mix of competition-concentration measures as an additional macroprudential channel to ensure bank stability.
Fatouros, N., & Kasioumi, M. (2026). Green energy transition and the importance of cross-border coordination. The Journal of Economic Asymmetries, 33, e00453. https://doi.org/10.1016/j.jeca.2026.e00453
Economists and policymakers have deemed the green energy transition as one of the most effective tools for tackling climate change. Generally, strategic interactions across countries play a significant role in the effectiveness of environmental policies. This paper emphasizes the critical role of cross-border coordination.
Hussain, K. (2025). Fiscal dominance and policy coordination in developing economies: Concepts, evidence, and institutional lessons from Pakistan, Brazil, and Sub-Saharan Africa. Lambert Academic Publishing.
This monograph develops the novel κ-backing rule framework to analyze these interactions systematically. Through theoretical modeling, numerical analysis, and detailed case studies of Pakistan, Brazil, and Ghana, it demonstrates how fiscal dominance operates in practice and illuminates paths toward improved macroeconomic stability in developing economies.
Todorova T. (2025). The welfare effects of Trump’s tariff policy. Theoretical and Practical Research in Economic Fields, 16(4), 972 – 980. https://doi.org/10.14505/tpref.v16.4(36).13
Import tariffs benefit a large nation by suppressing the export price of the good it imports and by improving its terms of trade. Borrowing on international trade theory we argue that the purpose of the import tariffs imposed by the USA is not merely to resolve trade balance issues, but rather to effortlessly improve the consumption position of the country.
Tsavou, E., & Papaioannou, S. K. (2025). Lights are flashing red! Unravelling the persistent effect of terrorism on Africa’s economic activity. Defence and Peace Economics, 1–23. https://doi.org/10.1080/10242694.2025.2608208
This paper investigates the economic impact of terrorism in Africa over the period 2000-2020, using geocoded data aggregated at the 0.5°×0.5° grid-year level. The findings indicate substantial and persistent declines in economic performance following terrorist activity, with output remaining below pre-attack levels for up to four years.
Altun, A., Turan, T., & Yanikkaya, H. (2025). Do Turkish firms benefit from GVC participation? International Journal of Emerging Markets, 20(2), 584–608. https://doi.org/10.1108/IJOEM-02-2022-0334
The study evaluates the effects of GVC participation on firm productivity and profitability. Hence this study aims to find evidence whether there is a clear difference between the productivity and profitability effects of simple and complex backward and forward participations for Turkish firms.
