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Baker, M., Wurgler, J., 2006. Investor sentiment and the cross-section of stock returns. The Journal of Finance
61, 1645-1680.
Baker, M., & Wurgler, J., 2007. Investor Sentiment in the Stock Market. Journal of Economic Perspectives,
21(2), 129-152.
Bandopadhyaya, A., & Jones, A. L., 2006. Measuring investor sentiment in equity markets. Journal of Asset
Management, 7(3), 208-215.
Banerjee, P. S., Doran, J. S., & Peterson, D. R., 2007. Implied volatility and future portfolio returns. Journal
of Banking & Finance, 31(10), 3183-3199.
Brown, G. W., & Cliff, M. T., 2004. Investor sentiment and the near-term stock market. Journal of Empirical
Finance, 11(1), 1-27.



2014

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Fassas, A., & Siriopoulos, C., 2012. The efficiency of VIX futures market: A panel data approach. The Journal
of Alternative Investments, 14(3), 55-66.
Giot, P., 2002. Implied Volatility Indices as Leading Indicators of Stock Index Returns?. Working Paper,
CORE, University of Leuvain.
Giot, P., 2005. Relationships between implied volatility indexes and stock index returns. The Journal of Portfolio Management, 31(3), 92-100.
Kurov, A., 2010. Investor sentiment and the stock markets reaction to monetary policy. Journal of Banking
& Finance 34, 139-149.
Lee, W. Y., Jiang, C. X., & Indro, D. C., 2002. Stock market volatility, excess returns, and the role of investor
sentiment. Journal of Banking & Finance, 26(12), 2277-2299.
Philippas, N., Economou, F., Babalos, V., & Kostakis, A., 2013. Herding behavior in REITs: Novel tests and
the role of financial crisis, International Review of Financial Analysis 29, 166-174.
Simon, D.P., 2003. The Nasdaq volatility index during and after the bubble. The Journal of Derivatives 11,
9-24.
Siriopoulos, C., & Fassas, A., 2013. Dynamic relations of uncertainty expectations: a conditional assessment
of implied volatility indices. Review of Derivatives Research, 16, 233-266.
Siriopoulos, C., Fassas, A., 2012a. An investor sentiment barometer Greek Implied Volatility Index (GRIV).
Global Finance Journal 23(2), 77-93.
Siriopoulos, C., Fassas, A., 2012b. The information content of VFTSE. Working paper, University of Patras.
Siriopoulos, C., Fassas, A., 2009. Implied volatility indices a review. Working paper, University of Patras.
Skiadopoulos, G., 2004. The Greek implied volatility index: Construction and properties. Applied Financial
Economics 14, 1187-1196.
Solt, M. E., & Statman, M., 1988. How useful is the sentiment index?. Financial Analysts Journal, 45-55.
Szado, E., 2009. VIX Futures and Options A Case Study of Portfolio Diversification during the 2008 Financial Crisis. The Journal of Alternative Investments 12 (2), 68-85.
Whaley, R. E., 2000. The investor fear gauge. The Journal of Portfolio Management 26(3), 12-17.
Whaley, R.E., 2009. Understanding the VIX. Journal of Portfolio Management 35, 98-105.
, ., , www.euro2day.gr, 29/8/2012.

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3. . Eurostat, High-tech exports Exports of high technology products as a share of total exports (from 2007,
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2014

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club . , , .
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Fallah, M. and S. Ibrahim (2004): Knowledge spillover and innovation in technological clusters, Proceedings,
IAMOT 2004 Conference, Washington D.C. April 2004.
OECD (2013): OECD Economic Surveys: Greece 2013, OECD Publishing.
Pack, H. and K. Saggi (2006): The case for industrial policy: a critical survey, World Bank Policy Research
Working Paper, No. 3839, World Bank.
Porter, M. (1998): Clusters and the new economics of competition, Harvard Business Review, 76, 6: 77-99.
Rodrik, D. (2004): Industrial policy for the twenty-first century, Working Paper Series, 04-047, Harvard University, John F. Kennedy School of Government.
Weiss, J. (2011): The economics of industrial development, London: Routledge.
Yoshimo, M. and T. Lifson (1986): The invisible link: Japans Sogo Shosha and the organization of Trade, MIT
Press.

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