Geopolitics of Energy in the Kastelorizo-Cyprus-Middle East Complex

Professor Ioannis Th. Mazis
Professor of Economic Geography, National and Kapodistrian University of Athens, Dept of Turkish
and Modern Asian Studies

Dr. Georgios – Alexandros Sgouros
National and Kapodistrian University of Athens, Laboratory of Marine Geo-environment & Sedimentology, Dept. of Geology and Geo environment

Abstract:
The geophysical and geological submarine features (pockmarks, gas chimneys, salt domes, etc).,identified by multi-beam echosounders and sidescan sonars ,seismic surveys in the region South, South-west and South-east of Cyprus, as well as the corresponding international interest of investors, especially in the marine region of the Levantine Basin, lead to the conclusion that, from a geopolitical standpoint, Greece must be urged to accelerate the consolidation of its sovereign rights and understand anew and in practical terms, that “Cyprus is not far away, not at all actually”. With respect to Kastelorizo and the submarine area of its EEZ, we note that detailed geophysical and bathymetric surveys have confirmed the fact that the region of the submarine Anaximander Mountains presents active mud volcanoes that are linked to the presence of gas hydrates. Samples of gas hydrates were collected by means of indicative samplings in mud volcanoes thoroughly mapped in sub-seabed layers that do not exceed 1.5 m. These “ice-crystal” like features will probably have a significant socioeconomic impact in the near feature as an energy resource. New mud volcanoes were also discovered (“Athens” and “Thessaloniki”). Gas hydrates were found in samplings conducted in the “Thessaloniki” M.V. According to preliminary assessments, the total capacity of the mud volcanoes of the Anaximander mountains complex is estimated between 2.56 – 6.40 c. km. read more

Keywords: Geopolitics of Energy, Cyprus, Israel, Levantine, multi-beam echosounders, side scan sonars, pockmarks, gas chimneys, salt domes, Exclusive Economic Zone/EEZ.

Regional Development and Diversity/Variety of Firms: The case of Romania

Cristina Lincaru
Mihaela Ghenţa
Draga Atanasiu
Vasilica Ciucă
Codruţa Drăgoiu
Beatrice Chiriac

National Research Institute for Labour and Social Protection, Bucharest Romania – INCSMPS

Abstract:

In this paper we try to find empirical evidence regarding the region diversity by firm characteristics, using spatial data from Tempo (INS Romania database) at NUTS 1, 2 and 3 region level for the period 1997-2008. Using instruments of statistical analysis of spatial data (Anselin, Varga) we try to sketch the spatial pattern of firm agglomerations and the values of the main firm‟s characteristics (size class according to employee‟s number and economic activity by NACE Rev.1 sections). Starting point is represented by the discussion made by Saviotti [1] regarding the efficiency versus diversity/variety in economic development respectively development versus growth. The pattern variation of the regions‟ “profile” by diversity/variety of the firms could offer an image of the structural transformation of economic development tendencies in the last decade.read more

Keywords: region development, diversity/variety, spatial pattern, firm agglomeration

Estimating Technical Inefficiency: An Empirical Approach to E.U. Industries

Aikaterini Kokkinou

Department of Economics, University of Glasgow

Abstract:
This paper estimates, incorporating a Transcendental Logarithmic Production Function, the technical efficiency level of different industries in selected E.U. countries. The paper considers panel data for inefficiency effects in stochastic production frontier based on Battese and Coelli (1995), providing translog effects, as well as industry effects. The empirical model accommodates not only heteroscedasticity but also allows the possibility that an industry may not always produce the maximum possible output, given the inputs. Unlike most studies, the paper estimates time – varying technical efficiencies (incorporating „learning – by doing‟ behaviour) as industry-specific fixed effects. Furthermore, the model decomposes total factor productivity (TFP) growth into two components: technological growth (essentially, a shift of production possibility frontier, set by best-practice enterprises) and inefficiency changes (i.e., deviations of actual output level from the production possibility frontier). read more

Key Words: Efficiency, Technical Inefficiency, Stochastic Frontier Model