Proceedings:International Conference on Applied Economics 2009

Editor: Professor Nicholas Tsounis

Co-Editors: Associate Professor Aspasia Vlahvei - Assistant Professor Theodoros Monovasilis - Professor Evangelos Siskos

Orginiser:Department of International Trade,Technological Education Institute of Western Macedonia, Greece

Chair:Professor Nicholas Tsounis ,Technological Education Institute of Western Macedonia, Kastoria, Greece

Steering Comittee:

Professor Nicholas Tsounis, Technological Education Institute of Western Macedonia, Greece Professor Evangelos Siskos, Technological Education Institute of Western Macedonia, Greece Associate Prof. Aspasia Vlahvei, Technological Education Institute of Western Macedonia, Greece

Local Orginising Comittee

Collins D. Demiri S. Dr. Dossis M. Gouvrou E. Dr. Mihalas A. Pouliopoulos L. Roussouli M. Siskou Th. Dr. Stampoultzis Themelis Th.

ISBN   978 – 960 – 89054 – 3 – 6

ISSN   1791 – 9347

Kastoria - Greece 27th - 30th May 2009

TABLE OF CONTENTS 

 BUDGET & TRADE DEFICIT SUSTAINABILITY: THE CASE OF CYPRUS.

Athanasios L. Athanasenas, Constantinos Katrakilidis, Panagiotis Pantelidis

TOWARDS FORECASTING A TIME VARYING BETA SERIES BY BACKTRACKING

George S. Androulakis and Eleni G. Lisgara

CONSUMERS’ WILLINGNESS TO PAY FOR ORGANIC ETHNIC SPECIALTY PRODUCE IN THE U.S.A

Anoma Ariyawardana, Ramu Govindasamy, Venkata Puduri

COMPETITIVENESS AND REGIONAL DEVELOPMENT IN GREECE

Bassiakos, Y, Kleiousis, E, Tsipouri, L, Tsounis, N

DIRECT OFFSETS IN INTERNATIONAL TRADE AS A REMEDY FOR ASYMMETRIC INFORMATION

Ewa Baranowska-Prokop

HEALTH SERVICES IN GREECE: AN APPROACH TO THEIR OPERATIONAL COST

Athanasios P. Bellas Georgios L. Thanasas Ioannis Giotopoulos

DEVELOPMENTS IN THE RESIDENTIAL HOUSING MARKET: HOUSE PRICES, CREDIT AND CONSUMPTION INTERRELATION
EMPIRICAL EVIDENCE, THE ALBANIAN CASE

Elona Bollano Gerond Ziu

THE MONETARY POLICY OF THE ROMANIAN NATIONAL BANK IN THE VIEW OF JOINING THE EURO ZONE

Silvu Cerna and Maria Nicola Giatas

MOBILE ULTRABROADBAND COMPETITION IN TWO-SIDED INDUSTRIES: A SIMULATION APPROACH

Armando Calabrese, Massimo Gastaldi, Irene Iacovelli Nathan Levialdi Ghiron

DYNAMIC LINKAGES BETWEEN OUTPUT GROWTH AND MACROECONOMIC VOLATILITY: EVIDENCE USING GREEK DATA


Xanthippi Chapsa, Constantinos Katrakilidis, Nikolaos Tabakis, Georgios Konteos

ENERGY PULSES IN THE MEXICAN ECONOMY HEARTBEAT: 1965-2004

Flory Anette Dieck-Assad

PROFITABILITY PARAMETERS IN THE BANKING SYSTEM.OF THE FORMER YUGOSLAV REPUBLIC OF MACEDONIA (FYROM)

Ljupco Davcev and Nikolas L. Hourvouliades

THE DEFICIT OF BALANCE ON CURRENT ACCOUNT: AN EMPIRICAL INVESTIGATION FOR GREECE

Chaido Dritsaki and Melina Dritsaki

THE WEST SPECIFICATION TEST FOR INFLATIONARY NOISES, IN IRANIAN ECONOMIC

Abolghasem Esnaashari and Mohammad Reza Babaei Semirumi

THE RELATIONSHIP BETWEEN STOCK MARKET, CPI AND INDUSTRIAL PRODUCTION IN GREECE AND THE IMPACT OF OIL
PRICES: ARE ANY NEW FINDINGS EMERGING FROM THE EXAMINATION OF THEIR CYCLICAL COMPONENTS, USING
RECENT DATA?

George Filis

WHICH COMPANIES APPLY FOR SUBSIDISED R&D PROJECTS WITH PUBLIC LABS? EVIDENCE FROM THE FRENCH ANR COLLABORATIVE PROGRAMME 

Xavier de FINANCE Marie de LATTRE-GASQUET Marc ISABELLE

INDIAN REFORMS CONTRIBUTE TO MICRO-FOUNDED HIGH GROWTH WITH A LAG: EVIDENCES FROM MICRO-LEVEL
INVESTMENT BEHAVIORS OF INDIAN FIRMS

NAN GENG

THE INVESTMENT ACTIVBITY IN MANUFACTURING SECTOR OF WESTERN MACEDONIA AND FACTORS WHICH
INFLUENCE IT

Efthymios Gravas

FINANCIAL ANALYSIS TECHNIQUES EMPLOYED IN AGRICULTURE

Luminita Horhota

AGRICULTURAL EXPORT AND EXCHANGE RATE VOLATILITY IN IRAN’S ECONOMY

M. Hashemi -Tabar

NEW EVIDENCE FOR THE DAY-OF-THE-WEEK EFFECT IN THE FINICAIAL CRISIS

Nikolas L. Hourvouliades, Nick Kourkoumelis

CLIMATIC CHANGE AND ECONOMIC DEVELOPMENT: AN ASSESSMENT OF ITS IMPACT ON THE ECONOMIS OF THE SUB-SAHARAN AFRICAN COUNTRIES 

Okezie A. Ihugba, Uwazie Iyke Uwazie and Ngozi C. Ebomuche

EQUILIBRIUM IN NASH DIFFERENTIAL GAMES VIA LYAPUNOV-TYPE ITERATIONS

Ivan Ganchev Ivanov, Boyan Mihailov Lomev

DETERMINANTS OF URBAN POVERTY: THE CASE OF MEDIUM SIZED CITY IN PAKISTAN.

Qaisar Iqbal, Nasir Iqbal and Masood Sarwar Awan

DAIRY SUPPLY RESPONSE UNDER STOCHASTIC TREND AND SEASONALITY: A STRUCTURAL TIME SERIES ANALYSIS IN IRAN 

Forooz Jezghani, Reza Moghaddasi.

ANALYSING AND MONITORING TRENDS IN CHILD POVERTY AND SOCIAL EXCLUSION ACROSS THE EUROPEAN UNION

Urania V. Kakrida

DETERMINANTS OF CURRENT ACCOUNT IN THE EU: THE RELATION BETWEEN INTERNAL AND EXTERNAL BALANCES

Natalya Ketenci and Idil Uz

SECURITIES LITIGATION AND STOCK RETURNS: AN EVENT STUDY

Georgi D. Kaltchev

INTEGRATION AND THE LABOR MARKET PERFORMANCE OF IMMIGRANTS

Dr. Lutz C. Kaiser

PRODUCTIVITY AND COMPETITVENESS IN ROMANIAN & BULGARIAN INDUSTRY: AN EMPIRICAL EVIDENCE OF FIRM’S
BEHAVIOUR TO SEPARATE SECTORS

Dr. Stamatis Kontsas and Maria Roussouli

FAKE SWITCH POINTS 

Manoudakis Kosmas.

NEW WORLD ECONOMIC ORDER: CIVILIZATION-CULTURAL ASPECTS

Vitalina Kuriliak

CORPORATE GOVERNANCE LAW EFFECT IN GREECE: ANTECEDENTS AND CONSIDERATIONS

Themistokles Lazarides

OWNERSHIP STRUCTURE IN GREECE: DETERMINANTS AND IMPLICATIONS ON CORPORATE GOVERNANCE

Themistokles Lazarides, Evaggelos Drimpetas, Koufopoulos Dimitrios

MERGERS AND ACQUISITIONS: A PROBIT MODEL

Themistokles Lazarides, Evaggelos Drimpetas, Pitoska Ilektra

ENTERPRISE WIKIS: A CASE STUDY

Ioanna Lykourentzou

THE INCIDENCE OF FIRM TRAINING: INITIAL EVIDENCE ON TRAINING PREDICTOR ENDOGENEITY IN THE CRANET DATA

Gregory John Lee

SWEETENING PRIVATISATION WITH EMPLOYEE SHARE-OWNERSHIP: GOOD FOR UNIONS AND MANAGEMENT?

Dermot McCarthy, Eoin Reeves, and Tom Turner

RE-ENGINEERING PUBLIC ENTERPRISES IN THE GLOBAL PERSPECTIVES

B.L. Mathur and Reeta Mathur

A CASE STUDY ON CONSOLIDATION OF REGIONAL COOPERATION: IRAN- PAKISTAN- INDIA GAS PIPELINE

Ali Emami Meibodi

PREDICTION OF EXPORTING ABILITY USING COMPANY CHARACTERISTIC DATA

Vasilios N. Nikolaidis

THE IMPACT OF BANKING SECTOR OPENNESS AND ECONOMIC VOLATILITY

Zhiren Mao

THE XENOPHONTIAN INTELLECTUAL ENTREPRENEURIAL HERITAGE

Dimitrios G. Mavridis

WHAT CONSTRAINS MIDDLE TIER IN THE COOPERATIVE EDIFICE OF INDIA?

Biswa Swarup Misra

ASSESSING PREDICTIVE PERFORMANCE OF ALTERNATIVE TIME-SERIES METHODS IN FORECASTING DAIRY PRODUCTS
CONSUMPTION

Toktam Mohtashami and Habibolah Salami

EFFECTS OF MACROECONIMIC INSTABILITY ON RELATIVE PRICE VARIABILITY WITHIN AGRICULTURAL SECTOR

Jaleh Kuraki Nejad

RAPID-GROWTH FIRMS IN GREECE: AN EMPIRICAL INVESTIGATION

Ourania Notta and Aspasia Vlachvei.

REALITIES AND PERSPECTIVES OF TRANSDOUNDARY COOPERATION IN ENVIRONMENTAL FIELD IN THE BLACK SEA
REGION

Tatiana Perga

IMPACTS OF TECHNOLOGICAL CHANGE IN VERTICALLY RELATED SECTORS: A COMPUTABLE GENERAL EQUILIBRIUM
(CGE) ANALYSIS OF CANADIAN AGRICULTURE

Pahan Prasada, Maury Bredahl, Randall Wigle

CARTELISATION OF OLIGOPOLY 

Jacek Prokop

WORKING CONDITIONS OF NURSES AND ABSENTEEISM: IS THERE A CAUSAL RELATIONSHIP? AN EMPIRICAL ANALYSIS
USING NATIONAL SURVEY OF THE WORK AND HEALTH OF NURSES

Sameer Rajbhandary

CAPITAL INFLOWS AND EXCHANGE RATE VOLATILITY IN PAKISTAN.

Abdul Rashid

THE ASYMMETRY OF STOCK MARKET VOLATILITY: THE CASE OF IRAN

Seyed Mohammad Hossein SADR and Mohsen Mehrara Hesam Mardantabar

GMDH MODEL FOR BANK EFFICIENCY AND PAYMENT SYSTEMS IN IRAN

Seyed Mohammad Hosein Sadr Hesam Mardantabar & Atefeh Shahabadi Farahani

THE COMPONENTS OF PRODUCTION COST IN SUNFLOWER AND ITS RELATIONSHIPS WITH INPUT PRICES

Arif SEMERCI, Yalcin KAYA.

ANALYSIS BILATERAL TRADE AMONG SOUTH ASIAN FREE TRADE AGREEMENTS (SAFTA) ON ECONOMY OF PAKISTAN BY USING CGE MODEL

F.M.Shaikh

IMPACT OF GLOBALIZATION ON TELECOM INDUSTRY GROWTH IN PAKISTAN BY USING CGE MODEL

Faiz.M.Shaikh, & Dr.Madad Ali Shah

ASSESSING TRANSACTION COST TO DESCRIBE SCOPE OF THE FIRM IN EMERGING FARM SUPPLY CHAIN IN INDIA: THE CASE OF ITC E-CHAUPAL

Rakesh Singh

CHANGING RELATIONSHIP BETWEEN INDIVIDUAL CONSTRACT AND PERFORMACNE OF SMALL ENTERPRENEURS OWING
TO THE GLOBILISATION

Bhupendra V. Singh Sushil K. Rai Akhilesh K. Sharma

MAXIMIZATION OF PROFITABILITY OF PORTFOLIO AT THE TERMS OF RISKFREE ASSET

Halina Smalyuk

CONDITIONAL CONVERGENCE IN HETEROGENEOUS REGIONS: EXPERIENCE FROM THE COMMUNITIES OF HESSE

Barbara Spillmann

NON-COGNITVE TRAITS AND EDUCATIONAL ATTAINMENT

Zhi Su

REALISM AND APPLIED ECONOMICS . AN ANALYSIS OF GROWTH THEORIES FROM NEO SCHUMPETERIAN TO NEO KEYNESIAN

C.S.Sundaresan

ECONOMIC ANALYSIS OF WATER SUPPLY COST STRUCTURE IN THE MIDDLE OLIFANTS SUB-BASIN OF SOUTH AFRICA
Daniel Weldemicael Tsegai

DATA ENVELOPMENT ANALYSIS AND THE EFFICIENCY OF HIGHER EDUCATION

Reka Toth

DETERMINANTS OF FOREIGN AID WITH THE USE OF CONDITIONALITY INDEX: A CASE STUDY OF PAKISTAN (1973-2006)

Wajeeh Usman

ECONOMIC ANALYSIS OF ENVIRONMENTAL LAW: POLLUTIONS CONTROL AND NUISANCE LAW

John E. Velentzas

UKRAINE IN THE GLOBAL COMPETITIVE SPACE

Iryna Igorivna Viter

RELATIONSHIPS BETWEEN TOTAL EXPORTS WITH AGRICULTURAL AND MANUFACTURING GDP IN IRAN

Leila Vaezi, Reza Moghaddasi

SMUGGLING VIA E-COMMERCE: EFFECT ON TAX REVENUE

Sittiphol Viboonthanakul

SUSTAINABILITY OF BT COTTON IN KARNATAKA - AN ECONOMIC ANALYSIS

Nithya VISHWANATH GOWDRU , Y. S. Arunkumar and B.C. Saikumar.

WHAT EXPAINS EU’S ANTIDUMPING ACTIONS AGAINST EAST ASIAN CCOUNTRIES?

Weifeng Zhou and Ludo Cuyvers

DO THE THIRD-COUNTRY EFFECT AND ECONOMIC INTEGRATION MATTER FOR INTRA-ASEAN FDI?

Nathapornpan PIYAAREEKUL UTTAMA

GLOBILISATION, TRADE AND FINANCAL LIBERISATION: IMPLICATION FOR THE DEVELOPING COUNTRIES

Uwazie, I.U and Ihugba, Α. Ο

EXTREME ECONOMIC REFORMS IN UKRAINE AT SURMOUNTING THE CRISIS

Serhiy Yuriy, Yevhen Savelyev

THE SIMULTANEOUS EVOLUTION OF GROWTH AND INFLATION

Chih-Chuan Yeh