Employee Profile

Vasilis Sarafidis

Professor - Department of Economics


For further information, please see my personal webpage.

Vasilis Sarafidis' educational background is in the areas of economics and econometrics. He received his BA in Economics with Computing and Quantitative Methods at the University of Sussex, and his MPhil in Economics and Econometrics at the University of Cambridge. He completed his PhD in Econometrics in 2006 at the University of Cambridge. Prior to joining BI, he was Associate Professor at the Department of Econometrics and Business Statistics, Monash University, Melbourne.

Vasilis' main area of research lies in the econometric analysis of panel data. His focus lies on model specification and testing, dynamic panels, common factor structures, models for spatial interactions and networks, multi-dimensional panels, and random coefficient models; with applications to the analysis of crime, banking, water-usage demand, among others.

Before studying for his PhD, Vasilis worked as an economist for a private consultancy in the City of London. During that time he led projects involving econometric analysis and modelling for the electricity, water and telecommunications sectors. As a consultant he advised, among others, the Office for Water Services (U.K.), the National Telecom Agency in Denmark, the Jersey Competition Regulatory Authority and the Electricity Association (U.K.) During his academic career, he has also acted as an advisor to the Productivity Commission (Australia), the Essential Services Commission in Victoria, the Commonwealth Environmental Office, the NSW Independent Pricing and Regulatory Tribunal, the Bureau of Airline Representatives of Australia, and the NSW Corrective Services.

Research areas
Panel data analysis; model specification and testing; high-dimensional data; models for spatial interactions and networks.

Teaching areas
GRA 6039 Econometrics with Programming


Juodis, Artūras & Sarafidis, Vasilis (2021)

An incidental parameters free inference approach for panels with common shocks

Journal of Econometrics Doi: 10.1016/j.jeconom.2021.03.011

Juodis, Artūras; Karavias, Yiannis & Sarafidis, Vasilis (2021)

A homogeneous approach to testing for Granger non-causality in heterogeneous panels

Empirical Economics, 60, s. 93- 112. Doi: 10.1007/s00181-020-01970-9

Juodis, Artūras & Sarafidis, Vasilis (2021)

A Linear Estimator for Factor-Augmented Fixed-T Panels With Endogenous Regressors

Journal of business & economic statistics, 00, s. 1- 15. Doi: 10.1080/07350015.2020.1766469

Norkutė, Milda; Sarafidis, Vasilis, Yamagata, Takashi & Cui, Guowei (2021)

Instrumental variable estimation of dynamic linear panel data models with defactored regressors and a multifactor error structure

Journal of Econometrics Doi: 10.1016/j.jeconom.2020.04.008

Li, Qi; Sarafidis, Vasilis & Westerlund, Joakim (1)

Essays in honor of Professor Badi H Baltagi

Empirical Economics [Kronikk]

Academic Degrees
Year Academic Department Degree
2006 University of Cambridge PhD