Proceedings:International Conference on Applied Economics 2008

Editor: Prof. Nicholas Tsounis

Co-Editors: Assoc. Prof. Aspasia Vlahvei

Assist. Prof. Theodoros Monovasilis Prof. Evangelos Siskos

Organiser

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

Chair

Prof. Nicholas Tsounis, Technological Educational Institute of Western Macedonia, Greece

Steering Committee

Prof. Nicholas Tsounis, Technological Educational Institute of Western Macedonia, Greece Prof. Evangelos Siskos, Technological Educational Institute of Western Macedonia, Greece Dr. Aspasia Vlahvei, Technological Educational Institute of Western Macedonia, Greece

Local Organising Committee

Dr. Dossis M.

Emmanouilidis N. Dr. Kalogiratou Z. Dr. Mihalas A. Dr. Monovasilis Th. Dr. Sinatkas Maria Roussouli Ioannis Pagkoulidis J. Pouliopoulos L. Siskou Th. Dr. Stampoultzis M. Stergiopoulos E. Themelis Th.

ISBN 978-960-89054-2-9

 

Kastoria – Greece, 15th to 17th May, 2008

TABLE OF CONTENTS

 

A DYNAMIC ANALYSIS FOR AGRICULTURAL PRODUCTION DETERMINANTS IN PALESTINE: 1980-2003

GABER HUSSAIN ABUGAMEA

TESTING FOR CONVERGENCE IN AGRICULTURE ACROSS THE REGIONS OF EUROPE

STILIANOS ALEXIADIS A, P. PANTELIDIS B, DIMITRIOS PASCHALOUDIS C.

 

KORCA REGION ECONOMY IN SEARCH OF COMPETITIVE ADVANTAGES

LEDINA ALOLLI, MBA

 

THE IMPACT OF AGENCY PROBLEM IN FIRM VALUE AND THE GREEK STOCK EXCHANGE MARKET FINANCIAL CRISIS

ANTONIADIS I., LAZARIDES T., SARRIANIDIS N., GOUPA H

 

RECENT DEVELOPMENT IN THE USA SUBPRIME MORTGAGE MARKETS AND FED’S RESPONSE

ERHAN ATAY

 

AN ECLECTIC CAUSALITY MODEL FOR INCOME GROWTH: EVIDENCE FROM GREECE

ATHANASIOS L. ATHANASENAS – CONSTANTINOS KATRAKILIDIS

 

HAVE MET IASS ACCOUNTING HARMONIZATION? THE CASE OF GREEK LISTED COMPANIES

ATHIANOS STERGIOS EKATERINI C. LASKARIDOU

 

ACCOUNTING OF SUBSIDIES IN HUNGARY

ZOLTAN BACS

DETERMINANTS OF POOR ACCESSIBILITY TO MICROCREDITS IN RURAL IRAN

M. BAKHSHOODEH AND A. KARAMI

 

THE GREEK AND HUNGARIAN DIETETIC HABITS AND HEALTH STATUS

VIKTORIA BALOGH.

 

ANALYSIS OF THE HUNGARIAN AND COMPETITOR COUNTRIES’ PORK PRODUCTION

ANDREA BARTHA-ANDRAS NABRADI

 

CROP DIVERSIFICATION : A SEARCH FOR AN ALTERNATIVE INCOME OF THE FARMERS IN THE STATE OF WEST BENGAL IN INDIA

RUMA BHATTACHARYYA.

OPPORTUNITIES OF TOBACCO SECTOR DUE TO CHANGING OF UNION’S SUBSIDY SYSTEM

BEATA BITTNER

 

LOAD ANALYSIS IN ELECTRIC DISTRIBUTION NETWORK USING STATISTICAL METHODS

ELENA-CRENGUTA BOBRIC

 

FINANCIAL CONSEQUENCES OF THE SALES VARIATION

CAMELIA BURJA

 

A SIMULATION APPROACH TO INNOVATION AND COMPETITION ANALYSIS IN PAYMENT SYSTEMS

ARMANDO CALABRESE, MASSIMO GASTALDI, IRENE IACOVELLI, NATHAN LEVIALDI GHIRON

 

POPULATION AGEING - THE CASE OF ROMANIA

CAMELIA CANDIDATU, RODICA MILENA ZAHARIA.

 

SECURING FINANCIAL STABILITY- A NEW CHALLENGE FOR THE NATIONAL BANK OF ROMANIA

SILVIU CERNA, MARIA NICOLA – GIATAS

 

ONE WAY OR ANOTHER: FISCAL SUSTAINABILITY IN ARGENTINA, 1867-2004

ANA MARIA CERRO, OSVALDO MELONI, TATIANA SORIA GENTA.

 

ARDL APPROACH IN ESTIMATING INTERNATIONAL TOURISM DEMAND IN THAILAND

PRASERT CHAITIP , CHUKIAT CHAIBOONSRI

 

TIME SERIES MODELS FOR FORECASTING INTERNATIONAL VISITOR ARRIVALS TO THAILAND

PRASERT CHAITIP CHUKIAT CHAIBOONSRI RATCHANEE MUKHJANG

 

DESIGN AS A NON QUANTITATIVE ECONOMIC PARAMETER; THE NEW FETISHISM OF THE OBJECT

DIMITRIOS CHARITATOS.

 

THE TIME-VARYING NATURAL RATE OF UNEMPLOYMENT AND MONETARY POLICY IN THE UK

GEORGE CHOULIARAKIS.

 

COMPARATIVE ADVANTAGES AND AVERAGE COSTS UNDER TRADE PROTECTION

CARLOS A. CINQUETTI

 

HORIZONTAL ACQUISITION VALUATION OF THE TWO FIRMS IN THE ENERGY SECTOR (REAL OPTION APPROACH)

MIROSLAV CULIK

MACROECONOMIC PERFORMANCES OF EUROPEAN MONETARY UNION MEMBERS

ANDREEA-MARIA CIOBANU

 

COMPETITIVE ADVANTAGE AND ROMANIAN TRADE

GEORGE CIOBANU

 

HIGHWAY PROJECT MANAGEMENT THROUGH REAL OPTION

F. CUCCHIELLA, I. D’ADAMO AND M. GASTALDI

 

MONETARY POLICY INTERDEPENDENCE BETWEEN THE ECB AND THE FED: VARX MODEL VERSUS VEC MODEL

YUHUA CUI – ANSGAR BELKE

 

IMPACT OF EU ANTI-DUMPING MEASURES ON THIRD COUNTRY

LUDO CUYVERS , WEIFENG ZHOU

 

A STUDY OF CAUSALITY BETWEEN MONEY SUPPLY AND PRICE LEVEL IN INDIA (MONTHLY DATA): 1953 TO 2005

MEDHAVIN BHALCHANDRA DAVE, GAURANG DATTUBHAI RAMI..

 

THE FARM ACCOUNTANCY DATA NETWORK (FADN) FROM THE VIEW OF PROFITABILITY

TAMAS DEKAN – ILDIKO ORBAN

 

CHINA AND INDIA IN WORLD TRADE: ARE THE ASIA GIANTS A THREAT TO MALAYSIA?

EVELYN SHYAMALA DEVADASON

 

A NEW MACRO-ECONOMETRIC APPROACH TO THE NATREX MODEL OF THE EQUILIBRIUM REAL EXCHANGE RATE

NEDIM DIKMEN

MODELLING THE LONG RUN DETERMINANTS OF FOREIGN PORTFOLIO INVESTMENT IN AN EMERGING MARKET: EVIDENCE FROM NIGERIA

EKEOCHA, PATTERSON CHUKWUEMEKA.

 

MUNICIPAL REFORM AND PUBLIC FINANCE INNOVATIONS IN THE RUSSIAN FEDERATION

BUKHVALD M. EVGENY

 

MODELLING AND FORECASTING WAR EFFECTS ON MACRO ECONOMICAL VARIABLES OF IRAN

ATEFEH SHAHABADI FARAHANI- SEYED MOHAMMAD HOSEIN SADR – MAHDI AHRARI

 

CAN INVESTORS USE INFLATION DATA TO PREDICT STOCK PRICES?

FARZAD FARSIO. – SHOKOOFEH FAZEL

EVALUATION OF DIFFERENT PREDICTING METHODS IN FORECASTING HUNGARIAN, ITALIAN AND GREEK LAMB PRICES

VERONIKA FENYVES – SANDOR KOVACS – IMRE ERTSEY – ANDRAS JAVOR

 

VISUAL REPRESENTATIONS IN SECONDARY SCHOOL TEXTBOOKS OF ECONOMICS

DEMETRA FOTAKOPOULOU & VASILIKI SPILIOTOPOULOU

 

THE COST OF MANAGING PATIENTS WITH SCHIZOPHRENIA IN GREECE

MARIA GEITONA, SOTIRIA PAPANICOLAOU, MARKOS OLLANDEZOS, CHARA KOUSOULAKOU, JOHN KYRIOPOULOS

 

THE COUNTERFEIT OF THE PRODUCTS- THE TOPICAL PROVOCATION FOR ROMANIA AND EUROPEAN UNION

CARMEN ADRIANA GHEORGHE, PH.D. ANCA MADAR, PH.D

 

LABOR MOBILITY AND LENGTH OF WORKING LIFE IN INDONESIA

SONNY HARRY B. HARMADI, DIAHHADI SETYONALURI, IGNATIUS ISWANDONO

 

BIG-CAP VS. MID-CAP BEHAVIOR IN THE GREEK FUTURES INDEX MARKET

NIKOLAOS L. HOURVOULIADES

 

DEVELOPMENT OF TERRITORIAL ADMINISTRATION SYSTEM IN THE REPUBLIC OF KAZAKHSTAN

ALMIRA IBRAEVA, KAZBEKOVA BOTAKOZ

 

A CGE MODEL OF TOURISM TAXATION IN AUSTRALIA

RANJITH IHALANAYAKE

 

INTERNATIONAL PRICE DISPERSION AND MARKET STRUCTURE

OZLEM INANC

 

ROMANIAN DIRECT SALES DIAGNOSTIC ANALYSIS THROUGH EUROPEAN COMMUNITY INTEGRATION

CLAUDIA ISAC, ALIN ISAC

 

HOST AND TOURIST PERCEPTIONS ON SMALL ISLAND TOURISM: A CASE STUDY OF PERHENTIAN AND REDANG ISLANDS, MALAYSIA

FATHILAH ISMAIL AND LINDSAY TURNER

 

ESTIMATING CONSUMERS’ RESPONSE TO QUALITY: A CASE OF PAKISTAN FRUITS

ABBAS ULLAH JAN, ANWAR F. CHISHTI & MUNIR KHAN

 

TECHNOLOGY ADOPTION AND ENDOGENOUS CAPITAL ADJUSTMENT COSTS

ANNE JURKAT

THE MAIN ISSUES ON TODAY’S POLITICAL AGENDA:THE INTERACTION BETWEEN GLOBALIZATION, INEQUALITY AND POVERTY 

DR. URANIA V. KAKRIDA

 

MULTICOLLINEARITY AND FINANCIAL CONSTRAINT IN INVESTMENT DECISIONS: A BAYESIAN RIDGE REGRESSION

AQ. ELIE GUIMARAES KALATZIS , CAM. FERNANDA BASSETTO , CAR. ROBERTO AZZONI

 

MATHEMATICAL MODELS OF COMPETING SPECIES AN ANALYTICAL AND NUMERICAL APPROACH

KALOGIRATOU S., KALOGIRATOU Z., LOULAKI N., MELLIOU V., MONOVASILIS TH., THEMELIS TH.

 

COMPARATIVE STUDIES BETWEEN FINANCIAL DEVELOPMENT INDICATORS AND ECONOMIC GROWTH RELEVANCE IN INDIA AND TAIWAN

HSIN-HONG KANG AND LIU, PING-CHIN

 

DETERMINATION OF ECONOMIC COMPETITIVENESS OF THE FORAGE CROPS IN THE PRODUCTION SYSTEMS IN ERZURUM, TURKIYE

ABDURRAHMAN KARA,SIBEL KADIOGLU, NEVZAT KUCUK, SEMIHA KIZILOGLU

 

APPLIED ANALYSIS OF FINANCIAL TIME SERIES BASED ON THE MONTENEGRIN CAPITAL MARKET INDICES 

VESNA KARADZIC AND TAMARA BACKOVIC

 

RANK-SUM TEST COMPARISON OF ALTERNATIVE PARAMETRIC EFFICIENCY ESTIMATES OF GREEK PUBLIC HOSPITALS

ROXANI KARAGIANNIS AND KOSTAS VELENTZAS

 

STRUCTURAL CHANGE AND IMPACT OF DEVALUATIONS ON PRIVATE INVESTMENT: AN EMPIRICAL ANALYSIS FOR TURKEY

MURAT KARAGOZ KADIR KARAGOZ

 

REGIONAL TRADE INTEGRATION AND SPATIAL EFFECTS IN THE EURO-MEDITERRANEAN ZONE

ABBAS KHODABAKHSH

 

OPTIMAL INVESTMENT IN IMMOBILE HUMAN CAPITAL IN AN ECONOMIC AND MONETARY UNION

MICHAt KONOPCZYNSKI

 

SHORT AND MEDIUM RUN EFFECTS OF FISCAL POLICY IN AN ECONOMIC AND MONETARY UNION. THE CASE OF A SMALL COUNTRY

MICHAt KONOPCZYNSKI

IMPLEMENTING LOGISTIC REGRESSION ANALYSIS TO IDENTIFY INCENTIVES FOR AGRICULTURAL COOPERATIVE UNIONS TO ADOPT QUALITY ASSURANCE SYSTEMS

AC. KONTOGEORGOS, PAN. SERGAKI, EUT. MIGDAKOS, AN. SEMOS

 

PRODUCTIVITY AND REGIONAL GROWTH IN EUROPE

GEORGE M. KORRES GEORGE POLYCHRONOPOULOS

 

HOW CHANGING INVESTMENT CLIMATE IMPACTS ON THE FOREIGN INVESTORS INVESTMENT DECISION: EVIDENCE FROM FDI IN GERMANY

DENIS KOTOV

 

SITUATION AND OUTLOOKS OF THE HUNGARIAN DAIRY SECTOR IN 2007

KRISZTIAN KOVACS

 

CONSUMPTION SMOOTHING IN THE ASEAN-5 COUNTRIES

EVAN LAU  AHMAD ZUBAIDI BAHARUMSHAHB

 

CLUSTERS OF POWER AND CONTROL

THEM. LAZARIDES, EVAG. DRIMPETAS, NIK. SARRIANIDIS, IOAN. ANTONIADIS

 

THE POSSIBILITIES OF THE OBSERVATION OF THE CONTRIBUTION THE SELECTED BRANCHES FOR THE ECONOMIC GROWTH IN THE REGIONAL CONTEXT

IVANA FALTOVA LEITMANOVA, VACLAV KRUTINA

 

EFFECTIVE TAX BURDEN AND FISCAL TRANSFORMATIONS IN UKRAINE

INNA LUNINA, NATALIYA FROLOVA

 

THE IMPACT OF INNOVATIVE ACTIVITY IN ECONOMIC PERFORMANCE: AN EMPIRICAL ANALYSIS ON PHARMACEUTICAL SECTOR

ILIAS A. MAKRIS   STAVROS I. STAVROYIANNIS

 

PLANNING AND ECONOMICS OF WATER LEAKAGE REDUCTION

TANIA DI MASCIO, MASSIMO GASTALDI, FEDERICA CUCCHIELLA, LUIGI FERRAZZA

 

DISCLOSED INTELLECTUAL CAPITAL ASPECTS IN CRETO-MYCENEAN PALATIAL LINEAR B CLAY TABLETS

DIMITRIOS G. MAVRIDIS

 

INFORMATION AND COMMUNICATION TECHNOLOGIES APPLICATIONS IN GREEK FOOD AND BEVERAGES COMPANIES

SAV. MAVRIDIS, IOR. KOTZAIVAZOGLOU, THEOD. XINIDOU, CHR. TRIANTAFYLLIDOU

THE CHALLENGES OF BRAIN DRAIN IN SOUTH EAST EUROPE: ALBANIA’S CASE

FATMIR MEMAJ, ANDREA KOXHAJ, ALBERT QARR

 

ANALYSIS OF PUBLIC EXPENDITURE ON HEALTH SECTOR IN ALBANIA

JOLLANDA MEMAJ MPA – RAIMONDA DUKA

 

ON SOME EVALUATION METHODS OF INSURANCE PREMIUMS FOR CATASTROPHIC RISKS

IULIAN MIRCEA, RADU SERBAN, MIHAELA COVRIG

 

RISK PROCESS ESTIMATION TECHNIQUES USED IN THE OPTIMIZATION OF FINANCIAL RESOURCES OF A INSURANCE COMPANY

IULIAN MIRCEA, RADU SERBAN, MIHAELA COVRIG

 

A CLUSTERING CRITERION WITH MIXTURE OF PROBABILITY DISTRIBUTIONS FOR INVESTMENT DECISIONS

JOAO VITOR MOCCELLIN , CAMILA FERNANDA BASSETTO, AQUILES ELIE GUIMARAES KALATZIS

 

PRICE TRANSMISSION IN HORTICULTURAL PRODUCTS MARKETS (CASE STUDY OF DATE AND PISTACHIO IN IRAN)

REZA MOGHADDASI

 

AN ECONOMETRIC MODEL FOR WHEAT PRICE FORECASTING IN IRAN

REZA MOGHADDASI – BITA RAHIMI BADR

A STUDY OF RELATIONSHIP BETWEEN ORGANIZATIONAL CULTURE AND LEADERSHIP

FAROUGH AMIN MOZAFFARI

 

ROLE OF FOREIGN ASSISTANCE IN ECONOMIC DEVELOPMENT OF PAKISTAN

ADNAN MUBARAK

 

IMPERFECT MARKET OR NOT? - ALBANIAN CASE

MANJOLA NACO – VALBONA GAXHA

 

EXPECTED INCOME REVIEW IN THE CORPORATE MEASURE ASPECT

ADRIAN NAGY – ANDRAS NABRADI

 

ASSESSING THE RELATIONSHIP BETWEEN AGRICULTURAL TRADE AND ECONOMIC FREEDOM

DIMITRIS NATOS, ANNA BOTONAKI, KONSTADINOS MATTAS

 

AN ASSESSMENT OF INCOME SHOCKS AND EXPECTED POVERTY DYNAMICS IN NIGERIA

A.S. OYEKALE AND T.O. OYEKALE

STUDIES OF ECONOMIC SCIENCES IN GREEK HIGHER EDUCATION

SPIROS PANETSOS, MYROFORA RAFAILIDOU

 

NETWORKING OF THE WINE-TOURISM SMALL AND MEDIUM SIZED ENTERPRISES AND THEIR CONTRIBUTION TO THE LOCAL DEVELOPMENT: THE CASE OF THE ‘WINE ROADS’ OF NORTHERN GREECE

ELECTRA PITOSKA

 

PRODUCTIVITY SPILLOVER EFFECTS OF FDI IN ASEAN COUNTRIES

NATHAPORNPAN PIYAAREEKUL

 

PRICE DISCRIMINATION THROUGH COUNTERTRADE

EWA BARANOWSKA-PROKOP, JACEK PROKOP

 

MONOPOLIZATION OF TRIOPOLY - REVISITED

JACEK PROKOP

 

SUPPLY RESPONSE AND PRICE VOLATILITY IN THE GREEK PORK INDUSTRY

ANTHONY N. REZITIS,   KONSTANTINOS S. STAVROPOULOS

 

CORRUPTION IN INDONESIA: DOES GREASE HYPOTHESIS HOLD?

RIVAYANI

 

THE PROBABILITY OF BEING UNEMPLOYED IN THE THREE NORTHERN GREEK REGIONS DURING THE CSF-1: ECONOMETRIC ANALYSIS OF THE LFS MICRO-DATA

STAVROS RODOKANAKIS DIMITRIOS TRYFONIDIS

 

CONVERGENCE OF INFLATION INDICES: EVIDENCE FROM TURKEY

AFSIN SAHINAND YILMAZ AKDI

 

PEACE AND ECONOMIC GROWTH IN DEVELOPING COUNTRIES: POOLED DATA CROSS -COUNTRY EMPIRICAL STUDY

SELVARATHINAM SANTHIRASEGARAM

 

VOLATILITY ANALYSIS OF BLUE CHIPS IN A SMALL MARKET

NIK. SARIANNIDIS, GEOR. KONTEOS, DIM. ZISSOPOULOS, THEM. LAZARIDES

 

EFFECTS OF COUNTRY-OF-ORIGIN ON U.S. CONSUMER PREFERENCES FOR FRENCH AND BRITISH PRODUCTS AFTER THE BEGINNING OF THE IRAQ WAR

REGINA PEFANIS SCHLEE

THE IMPACT OF EXCHANGE RATE VOLATILITY ON EXPORTS: EVIDANCE FOUR EUROPEAN COUNTRIES

DIMITRIOS SERENIS    PAUL SERENIS

 

IMPACT OF GLOBALIZATION ON PAKISTAN’S ECONOMY BY USING CGE MODEL

F.M.SHAIKH, DR.MADAD ALI SHAH

 

A NOTE ON IMPACT OF NEW ECONOMIC REFORMS ON THE ELASTICITY OF SUBSTITUTION IN INDIAN INDUSTRIES: ALTERNATIVE MEASURES

DR. BHUPENDRA V. SINGH AKHILESH K. SHARMA

 

IMPACT ON SAVINGS DUE TO CHANGES IN GDP AND RATE OF INTEREST IN INDIA

RITESH KUMAR SINGHAL

 

EXTERNAL TRADE AND CURRENCY REGULATION IN POSTSOVIET COUNTRIES-MEMBERS OF THE BLACK SEA ECONOMIC COOPERATION

EVANGELOS SISKOS

 

CAPABILITY OF INFORMATION ACCESSES AND POVERTY IN DEVELOPING COUNTRIES: CROSS COUNTRY EMPIRICAL STUDY

S.SUREGENI

 

ANALYSING AND DETERMINING RETURN ON INVESTMENT FOR INFORMATION SECURITY

THEODOSIOS KOSMAS TSIAKIS GEORGIOS DIMITRIOS PEKOS

 

BUSINESS CYCLES IN BULGARIA AND THE BALTIC COUNTRIES: AN RBC APPROACH

ALEKSANDAR ZDRAVKOV VASILEV

 

PAST, PRESENT AND POSSIBILITIES IN THE FUTURE OF THE HUNGARIAN CANNING INDUSTRY

REKA VILLANYI

 

ATHENS STOCK EXCHANGE MARKET EFFICIENCY: A FILTER RULE APPROACH

VASILEIOS A. VLACHOS & DIMITRIOS K. KALIMERIS

 

FIRM GROWTH, SIZE AND AGE IN GREEK FIRMS

ASPASIA VLACHVEI, OURANIA NOTTA

COMMON AGRICULTURAL POLICY REFORM AND ITS IMPACT ON SUSTAINABLE AGRICULTURE DEVELOPMENT

LUMINITA LUCIA VOCHITA

ESTIMATING THE COSTS OF TOBACCO CONTROL POLICIES: THE INTERNATIONAL EXPERIENCE AND COST-EFFECTIVENESS MEASURES IN GREECE

ATHANASSIOS VOZIKIS

 

CONSUMER’S WILLINGNESS TO PAY FOR ORGANIC FOOD IN THE PERSPECTIVE OF META-ANALYSIS

WEI XIA, YINCHU ZENG

 

COINTEGRATION ANALYSIS AN EMPIRICAL STUDY OF THE RELATIONSHIP BETWEEN THE REAL EXCHANGE KORUNA - DOLLAR RATE AND ECONOMIC FUNDAMENTALS FOR CZECH REPUBLIC AND US

ELENI A. ZAFEIRIOU, THEODOROS CHR. KOUTROUMANIDIS AND SPYRIDON CH. SOFIOS

 

IDENTIFYING EFFECTIVE FINANCING STRATEGIES FOR AGRI-ENVIRONMENTAL MEASURES AND CONFLICTS BETWEEN ENVIRONMENTAL OBJECTIVES

JADWIGA ZIOLKOWSKA