Research Programs


Promoting Financial Awareness and Stability (PROFIT)

Implementation period: 2016-2018

Funding source: European Commission, Horizon 2020

Webpage: https://platform.projectprofit.eu/

Abstract

The PROFIT Platform is designed as a solution catering to the exact need of action enhancement for greater financial awareness and capability that has been identified as a major target for improved social performance, client protection and, ultimately, greater societal well-being. The new socioeconomic landscape that has prevailed in the post-crisis world involves changes in the financial, labour and pension markets along with changes in the public finance decisions and the political sphere. However, the volume of information, the existence of often ad hoc sources, and the documented existence of cognitive limitations by individuals when it comes to the processing of large volumes of information and the documented widespread financial illiteracy even within developed economies, including those of the European Union all identify the need for (a) specialized financial education toolkits available to the wider public (b) advanced crowdsourcing tools to process financial data, extract and present collective knowledge, (c) advanced forecasting models exploiting the market sentiment to identify market trends and threats, (d) novel personalized recommendation systems to support financial decisions according to the user’s profile (financial literacy level, interests, demographic characteristics etc).

 

Coastal Urban Development through the Lenses of Resiliency (CUTLER)

Implementation period: 2018-2020

Funding source: European Commission, Horizon 2020

Webpage: https://www.cutler-h2020.eu/

Abstract

Coastal urban development incorporates a wide range of development activities that are taking place as a result of the water element existing in the fabric of the city. Every city that incorporates the water-element in its fabric is confronted with the fundamental requirement of developing policies for driving development in the surrounding area, while balancing between: a) economic growth, b) protection of the environmental, and c) safeguarding social cohesion. In developing policies that add value to the resilience of a city, we shift the existing paradigm of policy making, which is largely based on intuition, towards an evidence-driven approach enabled by big data. Our attention is placed on policies related to the water element. Our basis is the sensing infrastructures installed in the cities offering demographic data, statistical information, sensor readings and user contributed content forming the big data layer. Methods for big data analytics are used to measure the economic activity, assess the environmental impact and evaluate the social consequences. The extracted pieces of evidence are used to inform, advice, monitor, evaluate and revise the decisions made by policy planners. Finally, effective policies are developed dealing with: a) the economic and urban development of Thermaikos Bay, Thessaloniki, b) the transformation of Düden Brook into a recreation and park area, Antalya, c) the development of a Storm Water Plan, Antwerp, and d) the review of the Country Development Plan in the River Lee territory, City of Cork.

 

Behavioral Insights and Effective Energy policy actions (EVIDENT)

Implementation period: 2020-2023

Funding source: European Commission, Horizon 2020

Webpage:               

Abstract

Energy efficiency lies at the very core of policy interventions for energy security, energy poverty and climate change, while its promoted by technological innovations and investments. However, it seems that these technologies are not adopted by consumers at least to the extent that the assumption of rational behavior would predict. This energy efficiency gap, the difference between expected and realized energy consumption, costs to national economies both in terms of monetary values and emissions. Significant role in mitigating this issue is the exploration of the drivers of individual behavior. There is tremendous opportunity and need for policy-relevant research that utilizes randomized controlled trials and quasiexperimental techniques to estimate the returns to energy efficiency investments and the adoption level of energy efficiency programs. EVIDENT proposes several different case studies under the framework of randomized control trials (RCTs) and surveys in order to define the main drivers of individuals’ decision making and to establish new relationships between energy consumption and other fields such as financial literacy. A large number of participants, well stratified samples, innovative design of experiments and state of-the-art econometric models that will be employed in EVIDENT and will contribute in robust estimates and subsequent policy measures for effective policy interventions.

 

Study and Forecasting of Economic Data using Machine Learning Methods

Implementation period: 2012-2015

Funding source: Ministry of Education, Research and Religion, Thales 2010

Webpage:               

Abstract

The objective of this project is the development of advanced machine learning methodologies for the study of economics. New self-training tools based on the Support Vector Machines paradigm for classification and forecasting and structures based on Complex Networks were proposed for the study of problems in Economics. The proposed models were applied in topics that a) either they were never treated from the Machine Learning perspective (macroeconomic analysis of the economic cycle) or b) they were already treated using Machine Learning in the past, though the methodologies that we propose are new, innovative and outperformed the comparison (state-of-the-art for the US banks bankruptcy forecasting).

 

Intelligent Research Infrastructure for Shipping, Supply Chain, Transport and Logistics (ENIRISST)

 

Implementation period: 2019 – 2022

Funding source: Action “Reinforcement of the Research and Innovation Infrastructure”, Operational Programme “Competitiveness, Entrepreneurship and Innovation” (NSRF 2014-2020), co-financed by Greece and the European Union (European Regional Development Fund).

Webpage: https://www.enirisst.gr/

Abstract

EN.I.R.I.S.S.T. is a unique and pioneering Research Infrastructure in the fields of Shipping, Supply Chain and Transport in Greece. It combines the collection and processing of data (with the aim of protecting privacy and copyright), the development of innovative models and programming techniques, the development of useful applications, secure and user-friendly, and finally the development of digital observatories aimed at support for public and private stakeholders (businesses, public bodies, research organizations, etc.). The objectives of EN.I.R.I.S.S.T. are: (a) Develop an intelligent research and business platform to support key economic activities and small and medium-sized enterprises active in the areas of research infrastructure interest; (b) Collect, process and provide researchers and users with information & tools on national & international passenger & freight transport including sea, air, inland and intermodal transport; (c) Support stakeholders in original research, investment plans and policies (academic community, researchers, infrastructure operators, private & public companies, policy makers); and (d) To create a multi-dimensional institution of economic & research development for Greece, by creating new & enhancing existing networks that will ensure the flow of knowledge & information

 

Air transport & regional development (ATARD)

 

Implementation period: 2015 – 2019

Funding source: European Commission, COST

Webpage: https://www.atard-online.com/; https://www.cost.eu/actions/TU1408/#tabs|Name:overview

Abstract

The air transport sector is a major contributor to the globalization of the economy. This Action investigates the relationship between air transport and regional development. Key drivers of this program include a better understanding of that relationship focusing on Europe; policy recommendations on how air transport infrastructure and service improvements should be made in order to support economic competitiveness and social cohesion; and the constitution of a network of researchers dedicated to air transport and its economic, social and environmental implications aligned with Europe 2020 strategy.​ The objectives of this Action are: (a) Highlight the existing knowledge about air transport and regional development focusing, on the one hand, on major airports, core regions (not only at the European level but also per country) and economic competitiveness and, on the other hand, on remote regions, low-demand routes and social cohesion; (b) Designing a methodological approach for assessing the regional development impacts of air transport; (c) Improving the existing knowledge base through on case studies carried out in the countries involved in the action; (c) Developing policy recommendations with respect to air transport related measures and actions needed to promote regional development particularly in core regions and remote regions; (d) Identifying major areas for future research on the subject of air transport and regional development.