;

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. 

  • 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

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

Alberto Alesina: a free-spirited economist

Papaioannou E; Stantcheva S

View 2020 27 May 2020

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

Greece : seeking a way forward

Papaioannou E; Portes R; Reichlin L

VoxEU 2015

Greece’s imperfect imperative

Reichlin L; Papaioannou E; Portes R

Project syndicate 2015

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

Land mines and spatial development

Chiovelli G; Michalopoulos S; Papaioannou E

NBER Working Paper

Landmines and spatial development

Chiovelli G; Michalopoulos S; Papaioannou E

CEPR discussion paper

Regional transfer multipliers

Corbi R; Papaioannou E; Surico P

CEPR Discussion Paper

Spatial patterns of development: a Meso approach

Michalopoulos S; Papaioannou E

CEPR Discussion Paper

2017

Regional transfers

Corbi R; Papaioannou E; Surico P

NBER Working Paper

The European trust crisis and the rise of populism

Algan Y; Guriev S; Papaioannou E; Passari E

CEPR Discussion Paper

2016

Corporate control around the world

Aminadav G; Papaioannou E

NBER 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.