Georgios EfthyvoulouDr Georgios Efthyvoulou

Lecturer in Economics

Room 514
9 Mappin Street
S1 4DT, UK

Tel +44(0)114 222 3412
Fax +44(0)114 222 3458



Georgios graduated from the University of Cyprus in 2003 and holds an MSc in Economics from University College London (2005) and a PhD in Economics from Birkbeck University of London (2010). During his PhD studies, he also served as a teaching fellow and teaching assistant in several undergraduate and postgraduate courses and ran training courses in econometric analysis.

After completing his PhD, he was appointed to a two-year research fellowship at the University of Birmingham, where he worked on a large-scale collaborative project, funded by the European Commission. Georgios joined the Department of Economics at the University of Sheffield as a lecturer in September 2012. 


"I currently teach Applied Macroeconometrics and Business Finance to postgraduate students and Political Economy to 3rd year undergraduate students."

"Applied Macroeconometrics aims to develop students' knowledge of the key econometric techniques commonly used to model and analyse macroeconomic data, and to provide a practical experience of applying these techniques."

"Business Finance aims to equip students with an understanding of the overarching principles of business finance and the financial decisions faced by firms, with particular reference to the time value of money and the implications of risk and return."

"Political Economy aims to introduce students to key concepts and theoretical debates in political economy and help them engage with recent applied literature in core journals of political economy."

"My approach to teaching is to present course material in ways that challenge and motivate student learning, and encourage the development of creativity, critical thinking, and problem-solving skills. I also try to incorporate examples of the latest economics research into the course content, which can make the subject lively and up-to-date and help the students understand how knowledge can be generated through research." 

Research summary

Georgios' research interests lie in the areas of (i) political economics; and (ii) international business and banking. In particular, his research focuses on:

  • the role of political motivations in shaping economic policies and outcomes
  • the linkages between institutions, strategic incentives, and domestic policy decisions
  • the drivers of innovation and productivity
  • the relationship between financial constraints, internationalization, and firm/bank performance. 

Georgios is interested in supervising PhD students with topics that are in line with the research interests described here.

Journal articles

Bamiatzi, V., Efthyvoulou, G. & Jabbour, L. (2017). Foreign vs domestic ownership on debt reduction: An investigation of acquisition targets in Italy and Spain. International Business Review, 26(5), 801-815 .

Bove, V., Efthyvoulou, G. & Navas, A. (2017). Political cycles in public expenditure: butter vs guns. Journal of Comparative Economics, 45(3), 582-604.

Efthyvoulou, G. & Vahter, P. (2016). Financial constraints, innovation performance and sectoral disaggregation. The Manchester School, 84(2), 125-158.

Efthyvoulou, G. & Yildirim, C. (2014). Market power in CEE banking sectors and the impact of the global financial crisis. Journal of Banking & Finance, 40(C), 11-27.

Efthyvoulou, G. (2012). The impact of financial stress on sectoral productivity. Economics Letters, 116(2), 240-243.

Efthyvoulou, G. (2012). Political budget cycles in the European Union and the impact of political pressures. Public Choice, 153(3), 295-327.

Efthyvoulou, G. (2011). Political cycles under external economic constraints: Evidence from Cyprus. Journal of Economics and Business, 63(6), 638-662.

Efthyvoulou, G. (2008). Alphabet Economics: The link between names and reputation. The Journal of Socio-Economics, 37(3), 1266-1285. 

Working papers

Yildirim, C. & Efthyvoulou, G. (2016). Bank value and geographic diversification: regional vs global. Sheffield Economic Research Paper Series, No. 2016001.

Bernini, M., Efthyvoulou, G., Gregory-Smith, I, McHardy, J. & Navas, A. (2014). Interlocking directorships and patenting coordination. Sheffield Economic Research Paper Series, No. 2014016.