Dr Panagiotis Tziogkidis

Dr Panagiotis Tziogkidis

Lecturer in Economics

Plymouth Business School (Faculty of Business)


Panos Tziogkidis has been with Plymouth University since April 2013 and he holds a PhD in Economics from Cardiff Business School. Apart from his teaching and research within Plymouth Business School, he has collaborated with the US Department of Transportation as an expert adviser on issues of efficiency and productivity analysis. He has been invited by the European Commission to present his recent work on the Global Innovation Index. Panos has practical experience from the banking sector, having worked as an investment analyst.

His research interests include both methodological aspects of efficiency and productivity analysis as well as empirical applications. His theoretical research currently focuses on the performance of Bootstrap DEA and the development of efficient alternatives. His current empirical research looks into the effects of regulation on banks' productivity and on alternative interpretations for the Global Innovation Index. His research has been published in peer-reviewed journals and conference proceedings, while he also serves as a reviewer for the European Journal of Operational Research (EJOR), Annals of Operations Research (ANOR), Journal of Productivity Analysis (JPA), the Quarterly Review of Economics and Finance (QREF), the International Journal of Banking, Accounting and Finance (IJBAF) and Applied Economics.


PhD in Economics, Cardiff University
MSc in Economics, Cardiff University
MSc in Financial Economics, Cardiff University
B.A. (Hons) in Business Administration, University of Patras

Teaching interests

Panos is a Fellow of the Higher Education Academy and his teaching interests focus on areas of business economics, finance and economic modelling. His teaching portfolio includes courses taught to undergraduate (microeconomics), postgraduate (macroeconomics) and PhD (mathematical finance) economics students, as well as MBA (corporate finance) students. He has also delivered intensive workshops on Efficiency and Productivity Analysis to postgraduates and industry practitioners. Currently, he is the module leader on "Contemporary Business Economics" and "Business Analysis", while he is partially involved with the teaching of "Principles of Economics" and "Practical Economic Modelling". He also supervises undergraduate and postgraduate dissertation students on empirical studies of efficiency and productivity analysis, as well as on financial econometrics.

Research interests


  • Efficiency and productivity analysis: methods and applications
  • Banking: M&As, privatizations, sector reforms and history
  • Innovation systems and composite indicators


  • Interactions of financial markets and the macroeconomy
  • Volatility clustering and spillovers in financial markets

Panos currently supervises three PhD students on areas of port efficiency and portfolio construction.

Key publications are highlighted

Maghyereh A, Awartani B & Tziogkidis P 2017 'Volatility spillovers and cross-hedging between gold, oil and equities: Evidence from the Gulf Cooperation Council countries' Energy Economics , DOI PEARL
Tziogkidis P, Matthews K & Philippas D 2016 'The effects of sector reforms on the productivity of Greek banks: a step-by-step analysis of the pre-Euro era' Annals of Operations Research , DOI PEARL
Tziogkidis P & Siriopoulos C 2010 'How do Greek banking institutions react after significant events? - A DEA approach' Omega 38, (5) 294-308 , DOI
Tziogkidis P & Zachouris P 2009 'Momentum Equity Strategies: Are Certain Firm-Specific Variables Crucial in Achieving Superior Performance in Short Term Holding Periods?' International Research Journal of Finance and Economics N/A, (24) 7-27 PEARL