UCL Institute for Sustainable Resources


Theo Arvanitopoulos

Prior to joining UCL ISR, Theodoros was a research assistant at the Hellenic Observatory of the European Institute-London School of Economics, working on subjects around economic growth and labour productivity. He has also contributed in the development of a research paper that analyses the convergence patterns across the Greek Prefectures with the use of novel time series econometric techniques. Before joining the London School of Economics, he performed a short-term internship as a junior consultant at Q-Plan International, where he provided management consulting services to businesses wanted to apply for funding programmes run by the Greek Government and the European Commission. During the first months of his PhD, he participated in a project, coordinated by his primary supervisor, for the evaluation and re-estimation of industry equations in DECC’s (Department of Energy and Climate Change) Energy Demand Model.

Theodoros holds a MSc in Economics from the University of Nottingham, with specialization in time series and panel econometrics. He also holds a BSc in Economics from the University of Macedonia–Thessaloniki, Greece–where the results of his thesis were published in the Greek financial newspaper “Imerisia”. Besides his research on energy systems and natural capital, Theodoros is also interested in related topics such as applied econometrics, economic convergence, and international trade.

Research subject

Econometric modelling of energy consumption, natural resources, and economic growth in the industrial UK sectors.

Primary supervisor: Dr Paolo Agnolucci

Secondary supervisor: Prof Paul Ekins

Sustainable economic growth has always been constrained by energy consumption, leading researchers and policymakers to extensively focus on energy systems models. Although negative externalities both to the environment and society are being taken into account, the existing models fail to effectively incorporate the notion of natural capital. The integration of natural resources (such as water consumption, CO2, NOx, etc.) and energy pathways into a unified environmental and socioeconomic model can allow for more thorough understanding of how efficient energy consumption, environmental preservation, and sustainable economic growth can be achieved.

Theodoros’ research tries to investigate and identify the historical (causal) relationship between energy consumption and consumption of natural resources, economic output, and other production inputs in the industrial UK sectors with the use of state-of-the-art econometric techniques. The goal is to gain further knowledge and analyse the transition mechanisms and channels responsible for delivering sustainable economic growth. Lastly, this research tries to develop a progressive tool for decision makers that provides a whole-system perspective on energy pathways while it incorporates energy, environmental, and societal considerations. 

Publications and other work

Arvanitopoulos, T. and T. Panagiotidis, (2013, 16 May). National Affair; the Promotion of Greek Products at the SupermarketsImerisia. (In Greek)

P. Agnolucci, V. De Lipsis, and T. Arvanitopoulos, (2017). “Modelling UK Sub-Sector Industrial Energy Demand” Energy Economics doi.org/10.1016/j.eneco.2017.08.027