• INHERIT: An Erasmus+ programme on Sustainable Development and Cultural Heritage

    INHERIT: An Erasmus+ programme on Sustainable Development and Cultural Heritage

    Over the last decades, in an era of holistic and integrative thinking for sustainable development, cultural heritage is gaining attention of scholars and policy makers as an instrument for sustainable development. Critics consider use as a threat to heritage, leading to commercialization, exploitation and destruction.

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  • Guest lecture at AUEB

    Guest lecture at AUEB

    Professor Marina Papanastassiou was invited on the 9th December 2014 as a guest lecturer at the Economics Department of the Athens University of Economics and Business, Athens , Greece.

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  • Food Security and Sustainability.  Investment and Financing along Agro-Food Chains. Editors: Mergos, George, Papanastassiou, Marina (Eds.)

    Food Security and Sustainability. Investment and Financing along Agro-Food Chains. Editors: Mergos, George, Papanastassiou, Marina (Eds.)

    Includes topics such as Global Value Chains, responsible investment, green growth strategies, financial innovation, gender issues, agro-food supply chain dynamics and sustainability issues and recent advances in consumer behaviour

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Food demand, Supply and Trade

This theme of research aims to analyze issues of chronic and transitory food insecurity. Problems of long term food supply and chronic food insecurity are caused by factors that affect long term food demand and supply, resource constraints, as well as of trade prospects. Transitory food insecurity is due to fluctuations in international food prices, food supplies and incomes, either at national or at household level. The strong link between food insecurity and poverty necessitates a strong research effort on poverty alleviation. The problem gets increasingly complex, in particular for the Mediterranean region, when it is considered within the context of climate change and resource constraints, water in particular, coupled by a rapidly growing food demand due to population and income growth. Finally, public policy design is part of the research agenda addressing food insecurity at national, regional or household level.

Research and data

Establishing a baseline assessment of food supply, demand and trade at country level, in order to assess food insecurity situations and establish the underlying causes, requires original research activity, a meta-analysis of research results and availability of suitable data. Med-Sec activity aims to work on all three fronts. In addition to the generation of own primary data, a large amount of data generated from activities of international organisations is publicly available. One of the outcomes of this research would be a Country Fact Sheet of Food Security Situation.


The AGMEMOD Partnership is a world econometric, dynamic, multi-product partial equilibrium model that allows making projections and simulations in order to evaluate measures, programmes and policies in food supply, demand and trade. (http://www.agmemod.eu). The original AGMEMOD Project started with the EU15 group of Member States and gradually was extended to include alll new Member States of the EU. The AGMEMOD Partnership model maintains the analytical consistency of the composite model across national sub-models, while still allowing the national sub-models to reflect the intrinsic diversity of the agri-food sectors in different EU member states. The model is at present extended to other parts of the world including the MENA region.

Olive oil surpluses vs supply shocks in the Eurozone: How innovative are SME responses?

Brief Description:
The recent supply shocks in olive oil in Italy and Spain (because of unusual climatic conditions) have left provisionally unsatisfied the needs of Eurozone and EU economy for this year. Currently the Greek SMEs are responding to the needs of the common market by selling their olive oil production or directly exporting it in Eurozone’s markets. The Greek olive oil production is characterized by autonomy because a relatively large part of it remains unused every year. The extra virgin Greek olive oil is also a product purchased by Spanish and Italian firms and used as a first source in products of lower acidity reaching the EU markets. However, forming more sustainable paths of product exports that exploit the Greek product surpluses and cover the needs of EU markets not only after a supply shock but also in the long-run, requires several steps to be taken from exporting Greek SMEs. Such sustainable paths relate to a number of organizational, marketing, managerial, institutional, value-chain and other innovations from the side of SMEs producing olive oil in Greece.

How to:
A survey on Greek oil and olive oil production SMEs, to identify possible innovations introduced by the Greek SMEs in organization, management, marketing, the value-chain and other business operations, and to trace sustainable paths, such as the possibility of exploring farther the clustering with Italian and Spanish SMEs.

Analysing Value Chains of Multinational Corporations (MNCS) in the Food industry in the Mediterranean Basin

Brief Description:
The project aims to map the value chain activities of the subsidiaries of foreign Multinational Corporations (MNCs) operating in the European, African and Asian countries surrounding the Mediterranean basin.
It intends to analyze how the activities of MNCs contribute towards sustainability and thus the competitiveness of food and beverages sector in these countries and derive relevant managerial and policy implications.

How to:
Analysis of data deriving from key multinational companies related databases.