Elias Papaioannou
Professor of Economics; Academic Director, Wheeler Institute for Business and Development
BA (Athens) MPA (Columbia) PhD (London) LLB Bachelor's in Law
Elias is a Professor of Economics at the London Business School, where he co-directs the Wheeler Institute for Business and Development. Elias, a CEPR Research Fellow, is a Managing Co-Editor of the Review of Economic Studies.
He holds an LL.B. from the law school of the National Kapodistrian University of Athens, a Master's in Public Administration (MPA) from Columbia University, and a Ph.D. in economics from the London Business School. After completing his doctorate in 2005, he worked for two years at the Financial Research Division of the European Central Bank. From 2007 to 2012, he worked as Assistant Professor at Dartmouth College. During 2010-2012 he served as a Visiting Assistant Professor at the Economics Department of Harvard University, and in 2019-2020 he was the Hal Varian Visiting Professor at MIT's Department of Economics.
His research covers international finance, political economy, economic history, growth, and development. He has published in leading peer-refereed journals, among others, in Econometrica, the Review of Economic Studies, the Quarterly Journal of Economics, the Journal of Political Economy, the American Economic Review, and the Journal of Finance.
Elias was the inaugural 2013 European Investment Bank Young Economist laureate. His research has been recognized with the 2005 Young Economist Award by the European Economic Association and the 2008 Austin Robinson memorial prize by the Royal Economic Association for the best paper published in the Economic Journal. In 2018, Elias received a European Research Council (ERC) consolidator grant for research on African economic history.Â
- Personal website
- eliasp@london.edu
- +44 (0)20 7000 8432
- Elias Papaioannou CV
- Political economy
- Economics of growth and development
- International finance
- African development
- European integration
2023
Estimating cross-industry cross-country models using benchmark industry characteristics
Papaioannou E; Ciccone A
Economic Journal 2023 Vol 133:649 p 130-158
Religion and educational mobility in Africa
Alesina A; Hohmann S; Michalopoulos M; Papaioannou E
Nature: Human Behaviour 2023 June Vol 618 p 134-143
The globalization of corporate control
Fonseca L; Nikalexi K; Papaioannou E
Journal of International Economics 2023 Vol 146
2022
The Political Economy of Populism
Guriev S; Papaioannou E
Journal of Economic Literature 2022 Vol 60:3 p 753-832
2021
Intergenerational mobility in Africa
Alesina A; Hohmann S; Michalopoulos S; Papaioannou E
Econometrica 2021 Vol 89:1 p 1-35
2020
A comment on: "State Capacity, Reciprocity, and the Social Contract" by Timothy Besley
Papaioannou E
Econometrica 2020 Vol 88:4 p 1351-1358
Historical legacies and African development
Michalopoulos S; Papaioannou E
Journal of Economic Literature 2020 Vol 58:1 p 53-128
2019
Corporate control around the world
Aminadav G; Papaioannou E
Journal of Finance 2019 Vol 75:3 p 1191-1246
Regional transfer multipliers
Corbi R; Papaioannou E; Surico P
Review of Economic Studies 2019 Vol 86:5 p 1901-1934
2018
Spatial patterns of development: a Meso approach
Michalopoulos S; Papaioannou E
Annual Review of Economics 2018 Vol 10 p 383-410
Tackling a deadly legacy
Papaioannou E; Chiovelli G; Michalopoulos S
London Business School Review 2018 Vol 29:3 p 36-37
2017
The European trust crisis and the rise of populism
Algan Y; Guriev S; Papaioannou E; Passari E
Brooking Papers on Economic Activity 2017 Vol 2017:2 p 309-400
The Greek justice system : collapse and reform
Papaioannou E; Karatza S
In Meghir C et al, eds., Beyond austerity: reforming the Greek economy, MIT Press, 2017
2016
Ethnic inequality
Papaioannou E; Alesina A; Michalopoulos S
Journal of Political Economy 2016 Vol 124:2 p 428-488
Greece : a new way forward
Papaioannou E; Portes R; Reichlin L
London Business School conference on Greece, May 2015
Needed: a European institution union
Papaioannou E
in Baldwin R and Giavazzi F, How to fix the Eurozone, views of leading economists, VOX e-book, 2016
The long-run effects of the scramble for Africa
Michalopoulos S; Papaioannou E
American Economic Review 2016 Vol 106:7 p 1802-1848
The scramble for Africa and its legacy
Papaioannou E; Michalopoulos S
in The New Palgrave Dictionary of Economics, Palgrave McMillan, 2016
2015
Eurozone's original sin? Nominal rather than institutional convergence
Papaioannou E
in Baldwin R and Giavazzi F, The Eurozone crisis: a consensus view of the causes and a few possible solutions, VOX e-book, 2015
Further evidence on the link between pre-colonial political centralization and comparative economic development in Africa
Michalopoulos S; Papaioannou E
Economics Letters 2015 Vol 126 p 57-62
On the ethnic origins of African development: traditional chiefs and pre-colonial political centralization
Papaioannou E; Michalopoulos S
Academy of Management Perspectives 2015 Vol 29:1 p 32-71
2014
National institutions and subnational development in Africa
Michalopoulos S; Papaioannou E
Quarterly Journal of Economics 2014 Vol 129:1 p 151-213
2013
Financial regulation, financial globalization, and the synchronization of economic activity
Kalemli-Ozcan S; Papaioannou E; Peydro J L
Journal of Finance 2013 Vol 68:3 p 1179-1228
Global banks and crisis transmission
Kalemli-Ozcan S; Papaioannou E; Perri F
Journal of International Economics 2013 Vol 89:2 p 495-510
Pre-colonial ethnic institutions and contemporary African development
Michalopoulos S; Papaioannou E
Econometrica 2013 Vol 81:1 p 113-152
2010
The international role of the Euro: A status report
Portes R; Papaioannou E
Book Chapter: In Buti M et al., eds., The Euro: The First Decade, CUP, 2010
What lies beneath the Euro's effect on financial integration? Currency risk , legal harmonization, or trade?
Kalemli-Ozcan S; Peydro-Alcalde J L; Papaioannou
Journal of International Economics 2010 May Vol 81:1 p 75-88
2009
Human capital, the structure of production, and growth
Ciccone A; Papaioannou E
Review of Economics and Statistics 2009 February Vol 91:1 p 66-82
What drives international financial flows? Politics, institutions and other determinants
Papaioannou E
Journal of Development Economics 2009 March Vol 88:2 p 269-281
2008
Democratization and growth
Siourounis G ; Papanioannou E
Economic Journal 2008 October Vol 118:10 p 1520-1551
Economic and social factors driving the third wave of democratization
Papaioannou E; Siourounis G
Journal of Comparative Economics 2008 September Vol 36:3 p 365-387
Financial development and intersectoral investment
Papaioannou E; Ciccone A
In Bank of Spain Annual Research Conference 2008
2007
Economic and social factors driving the third wave of democratization
Siourounis G; Papaioannou E
Journal of Computational and Graphical Statistics 2007 Vol 36:3 p 365-387
Red tape and delayed entry
Ciccone A; Papaioannou E
Journal of the European Economic Association 2007 Vol 2:2-3 p 444-458
2020
Religion and Educational Mobility in Africa
Alesina A; Hohmann S; Michalopoulos S; Papaioannou E
NBER Working Paper
The Economics of Forced Displacement
Chiovelli G; Michalopoulos S; Sequeira S; Papaioannou E
Working Paper
2019
Intergenerational mobility in Africa
Alesina A; Hohmann S; Michalopoulos S; Papaioannou E
NBER Working Paper
2018
Ethnic and religious intergenerational mobility in Africa
Alesina A; Hohmann S; Michalopoulos S; Papaioannou E
Working Paper
Spatial patterns of development: a Meso approach
Michalopoulos S; Papaioannou E
CEPR Discussion Paper
The European trust crisis and the rise of populism
Algan Y; Guriev S; Papaioannou E; Passari E
CEPR Discussion Paper
Estimating cross-industry cross-country models using benchmark industry characteristics
Papaioannou E; Ciccone A
NBER Working Paper
2014
Federal transfer multipliers: quasi-experimental evidence from Brazilian municipalities
Papaioannou E; Corbi R; Surico P
Working Paper
2017
The long economic and political shadow of history : volume 1
Michalopoulos S; Papaioannou E
VOX e-book
Teaching portfolio
Our teaching offering is updated annually. Faculty and programme material are subject to change.
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Masters Degrees core courses
A key part of our Masters programmes curriculum.
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Perspectives on Business Ethics
Learn how to ensure that a business acts ethically, and with integrity and professionalism, by adhering to standards and creating your own.
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Perspectives on Business Ethics
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Masters Degrees electives
Optional courses providing a deep dive into specialist areas.
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Athens Global Experience
Strategic Resilience PROGRAMMES WITH THIS ELECTIVE
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Emerging Markets
The aim of the course is to give a balanced evaluation of the opportunities and pitfalls for businesses in the main emerging markets of Russia, Central and Eastern Europe, Latin America, South and East Asia, Middle East, and Africa. A detailed framework will be provided within which to evaluate the risks and gains from doing business in a wide variety of emerging markets, particularly the BRIC (Brazil, Russia, India and China) economies. PROGRAMMES WITH THIS ELECTIVE
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The Economics of a Crisis
This was The Economics of a Pandemic (E607) PROGRAMMES WITH THIS ELECTIVE
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World Economy: Problems & Prospects
The aim of this course is to provide you with the knowledge of what the major issues affecting the global economy and financial markets are likely to be in the next five years and beyond. Therefore, as well as providing a deeper insight into policy and market issues, the course aims to give you greater experience in applying analytical tools developed during Understanding the International Macroeconomy (or a similar basic macroeconomics course) as well as extending your existing theoretical toolkit. We analyse developments of countries and regions of the world as examples on the basis of which we build the understanding of broad economic issues. PROGRAMMES WITH THIS ELECTIVE
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Athens Global Experience