5Th Annual International Symposium Oneconomic Theory, Policy and Applications

5th Annual International Symposium onEconomic Theory, Policy and Applications

26-29 July, 2010, Athens, Greece

Sponsored by

THE ECONOMICS RESEARCH UNIT OF THE

ATHENS INSTITUTE FOR EDUCATION AND RESEARCH

(AT.IN.E.R.)

Conference Venue: St George Lycabettus Boutique Hotel, 2 Kleomenous Street, Kolonaki, Athens.

Organized by: ATINEP A.E. ()

Administration: Fani Balaska, Stavroula Kiritsi, Eirini Lentzou, Konstantinos Manolidis, Katerina Maraki, Sylia Sakka

Organizing AND SCIENTIFIC Committee

1.  Dr. Gregory T. Papanikos, President and Director, ATINER.

2.  Dr. John Roufagalas,Head, Economics Research Unit, ATINER & Professor, Troy University, USA.

3.  Dr. Nicholas Pappas, Vice-President, ATINER & Professor, Sam Houston University, USA.

4.  Dr. Chris Sakellariou, Secretary, ATINER & Associate Professor, Nanyang University, Singapore.

5.  Dr. Cleopatra Veloutsou, Head, Marketing Research Unit, ATINER & Senior Lecturer in Marketing, Department of Business and Management, University of Glasgow, Scotland, U.K.

6.  Dr. Peter Koveos, Head, Accounting & Finance Research Unit, ATINER & Professor, Syracuse University, USA.

7.  Dr. Kosta Josifidis, Professor, University of Novi Sad, Serbia.

8.  Dr. Angelos Tsaklanganos,University of Nicosia, Cyprus & Emeritus Professor, Aristotle University of Thessaloniki, Greece

9.  Dr. Horatiu Dragomirescu, Professor, Bucharest University of Economics-ASE, Romania.

10.  Dr. Stefano Spalletti, Senior Researcher & Aggregate Professor of History of Economic Thought, University of Macerata, Italy.

11.  Dr. Dimitris Tsoukalas, Associate Professor, Purdue University, Calumet, USA.

12.  Dr. Effrosyni Diamantoudi, Assistant Professor, Department of Economics, Concordia University, Canada.

13.  Dr. Patrick Onsando, Lecturer, Moi University, Kenya.

14.  Vlasios Oikonomou, Researcher, University of Groningen, the Netherlands.

15.  Themis Kokolakakis, Research Fellow, Sheffield Hallam University, U.K.

16.  Ioannis Bournakis, Ph.D. Student, University of Kent, U.K.

17.  Dr. Margarita Kefalaki, Instructor, ATEI Athens & Researcher, ATINER.

18.  Mr. Christos Frantzeskakis, Researcher, ATINER.

CONFERENCE PROGRAM

(The time for each session includes at least 10 minutes coffee break)

Monday, July 26th, 2010

08:00 - 08:30 Registration

08:30 - 09:00 Welcome and Opening Remarks

·  Dr. Gregory T. Papanikos, Director, ATINER.

·  Dr. John Roufagalas,Head, Economics Research Unit, ATINER & Professor, Troy University, USA.

·  Dr. Nicholas Pappas, Vice-President, ATINER & Professor, Sam Houston University, USA.

09:00-10:30 Session I (Room A): Economic Development, Technological Change and Growth
Chair: Papanikos, G.T., Director, ATINER
1.  Stauvermann, P.J., Professor, Changwon National University, Republic of Korea. Is International Competition between Nations in a Global World welfare-enhancing?
2.  Tam, H., Associate Professor, York University, Canada. U-shaped Female Labor Participation with Economic Development: Some Panel Data Evidence.
3.  Onori, D., PhD Student, Universite Catholique de Louvain, La Sapienza, Universita di Roma, Italy. Competition and Growth: Reinterpreting their Relationship.
4.  Chisoro, C., Research and Community Development Officer, University of Johannesburg, South Africa. Zimbabwe’s Land Reform Programme, 1980-2002: Success or Failure?
10:30-12:00 Session II (Room A): Mathematical and Quantitative Methods
Chair: Roufagalas,J., Head, Economics Research Unit, ATINER & Professor, Troy University, USA.
1.  Zhou, S.Z.F., Assistant Professor, City University, of Hong Kong, Hong Kong. On The Properties of Stein-Rule and Inequality Restricted Estimators when the Regression Model is Over-Fitted.
2.  Bunn, O., Ph.D. Student, Yale University, USA. Being of Two Minds: Dynamic Ambiguity – Related Behavior.
3.  Cerdeira, J., PhD. Student, University of Porto, Portugal & Silva, E., Associate Professor, University of Porto, Portugal. Dynamic Efficiency Measurement in a Discrete Choice Model:An Application to Inventory Behaviour.
4.  Jimenez-Gomez, J.M., Phd, University of Alicante, Spain, Gadea-Blanco, P., University of Cartagena, Spain, Marco-Gil, M.C., University of Cartagena, Spain. Some Game-Theoretic Grounds for Meeting People Half-Way. / 10:30-12:00 Session III (Room B): International Economics
Chair: Kefalaki, M., Researcher, ATINER
1.  Brou, D., Assistant Professor, The University of Western Ontario, Canada & Ruta, M., Economist, Economic Research Division, World Trade Organization, Canada. A Commitment Theory of Subsidy Agreements.
2.  Guerrero-Luchtenberg, C., Visiting, Professor, University of Castilla la Mancha, Spain. Timing of Protectionism.
3.  Fonseca, M., Teaching Assistant, Faculdade de Economia da Universidade do Porto, Portugal & Mendonça, A., Cathedratic Teacher, Universidade Técnica de Lisboa, Portugal. Home Country Trade Effects of Outward Foreign Direct Investment: An analysis of the Portuguese case, 1996-2007. (Monday, July 26th, 2010, morning)
4.  Laperche, B., Associate Professor, University of Littoral Côte d’Opale –France & Uzunidis, D., Professor, University of Littoral Côte d’Opale, France. The New Mercantilism and the Crisis of Global Capitalism: Elements for Discussion.
12:00-14:00 Session IV (Room A): Macroeconomics and Monetary Economics – Monetary Issues
Chair: Stauvermann, P.J., Professor, Changwon National University, Republic of Korea.
1.  Josifidis, K., Professor, University of Novi Sad, Republic of Serbia, Beker Pucar, E., Teaching Assistant, University of Novi Sad, Republic of Serbia, Supic, N., Research Fellow, University of Novi Sad, Republic of Serbia. Monetary Transmission in (ex)Trasition Economies: Rigid vs Flexible ERR.
2.  Elshamy, H., Lecturer, University of Tanta, Egypt. Estimating the Monetary Policy Reaction Function in Egypt.
3.  Floros, C., Lecturer, University of Portsmouth, UK & Chatziantoniou, I., Lecturer, University of Portsmouth, UK. Dynamic Responses to Monetary Policy Shocks Using a PSO Algorithm” Evidence from UK.
4.  Hayat, M.A., Ph.D. Student, USTL, France. Which Crises Drive Central Bank Reforms?
5.  Mazhar, U., Member & Doctoral Student, GATE & University Lyon 2, France. A Transparency Index for Monetary Policy Committees. / 12:00-14:00 Session V (Room B): Health, Education and Welfare
Chair: Uzunidis, D., Professor, University of Littoral Côte d’Opale, France.
1.  Azqueta, D., Professor, University of Alcala, Spain & Gavaldón, G., Professor, University of Alcala, Spain . E-Learning and Social Capital.
2.  Kolm, A.S., Professor, Stockholm University, Sweden & Birthe, L., Associate Professor, CEBR and Copenhagen Business School, Sweden. The Black Economy and Education.
3.  Hashimoto, K., Professor, Otemon Gakuin University, Japan. Is There an Education Kuznets Curve in China?: Gini Coefficient Approach.
4.  *Tan, A.K.G., Associate Professor, University Sains Malaysia, Malaysia, Dunn, R.A., Texas A&M University, USA, Samad, M.I.A., Ministry of Health Malaysia, Malaysia & Feisul, M.I., Ministry of Health Malaysia, Malaysia. Who needs to be “The Biggest Loser”? Evidence from Malaysia.
5.  Sarpca, S., Assistant Professor, Koc University, Turkey. Can Turkey Abandon the National University Entrance Exams?
6.  *Abdou, A., Professor, National Research Centre, Egypt. Modification of the Self-Sufficiency Ration and Use in Welfare Assessment.

14:00 - 15:00 LUNCH

15:00-17:00 Session VI (Room A): Agricultural and Nature Resource Economics: Environment and Ecological Economics – Energy and Sustainability
Chair: Josifidis, K., Professor, University of Novi Sad, Republic of Serbia
1.  Iorgulescu, R., Assistant Professor, Siena College, USA & Senior Researcher, Institute for Economic Forecasting, Romania, Albu, L.L., Director, Institute for Economic Forecasting, Romania, Stanica, C., PhD. Student, Institute for Economic Forecasting, Romania. Multiscale Integrated Analysis of the Socioeconomic-Ecological Metabolism for Sustainable Policies: Romanian Case Study.
2.  Kim, I.S., Researcher, Queen’s University Belfast, UK. Analysing the Impact of Liquid Biofuels on UK Agriculture.
3.  Risch, A., PhD Student, Irege, France. French Residential Energy Demand: Micro-econometric Analysis of Household Multi-fuel Energy Consumption.
4.  Inglesi, R., Ph.D. Student, University of Pretoria, South Africa & Blignaut, J., Professor, University of Pretoria, South Africa. The Evolution of the Sectoral Energy Intensity Levels In South Africa: 1992 to 2006. (Monday, July 26th, 2010)
5.  Yang, J., Associate Dean, Chongqing University, China. The Empirical Study on the Relationship between Environment Pollution and Human Development in China. / 15:00-17:00 Session VII (Room B): Labor and Demographic Economics
Chair: *Tan, A.K.G., Associate Professor, University Sains Malaysia, Malaysia
1.  Canada Vicinay, J.A., Professor, Universidad de Las Palmas de Gran Canaria, Spain. Interaction between Family and Work and Crisis Vulnerability of Married Women. Current Evidence for Spain.
2.  Bolea Cosmin, G., Ph.D. Student, University of Coruna, Spain. Spatial Distribution of Human Capital in Rumania: An Approach using Nes Economic Geography Models. (Monday, July 26th, 2010, afternoon)
3.  Farsian, C., PhD Student, University of Kent, UK. The Fallacy of Composition Bias: Evidence from the Real Wage Cyclicality Puzzle.
4.  Fleury, N., Laboratoire Equippe, University of Lille, France. Intergeneration Mobility and Industrial Restructuring: An Evaluation using French Data.
5.  Vallanti, G., Assistant Professor, Luiss Guido Carli and CeLEG, Italy & Battisti, M., Assistant Professor, University of Palermo and CeLEG, Italy. Flexible Wage Contracts and Worker Performance: Evidence from Italian Firms.
17:00-18:30 Session VIII (Room A): Law and Economics
Chair: Kim, I.S., Researcher, Queen’s University Belfast, UK.
1.  Georgakopoulos, N., H.R. Woodard Professor of Law, Indiana University School of Law – Indianapolis, USA. Contract-Centred Veil-Piercing.
2.  Horn, P., Lecturer, Stellenbosch University, South Africa & Moses, E., Lecturer, Stellenbosch University, South Africa. Confidentially Concerns or Cover-Up: Review Of South African Crime Data.
3.  Weber, F., Ph.D. Student, Rotterdam Institute of Law cand Economics, the Netherlands. Towards An Optimal Mix of Public an Private Enforcement in Consumer Law - Contrasting The Cases of Package Travel and Misleading Advertisement.
4.  Taub, E., Lecturer, Ashkelon Academic College, Israel & Avraham, S., Lecturer, Ashkelon Academic College, Israel. The Economic, Social and Political Development of Peripheral Areas as a Result of the Establishment of "Graves of the Righteous" in their Jurisdiction.
5.  Occansey, S., Ph.D. Student, University Paul Cezanne, France. The Grand Corruption and Organised Crime Nexus: The Challenge in Subsaharan Africa. / 17:00-18:30 Session IX (Room B): Industrial Organization
Chair: *Abdou, A., Professor, National Research Centre, Egypt.
1.  Ahmadzadeh, F., Assistant Professor, Islamic Azad University, Iran. Model for Forecasting Passenger of Airport.
2.  Cladera, M., Dr., University of the Balearic Islands, Spain, Alegre, J., University of the Balearic Islands, Spain & Sard, M., Dr., University of the Balearic Islands, Spain. Analysing the Influence of Tourist Characteristics and Motivations on Tourist Expenditure at a Sun and Sand Destination.
3.  Sard, M., Dr., University of the Balearic Islands, Spain, Alegre, J., University of the Balearic Islands, Spain & Cladera, M., Dr., University of the Balearic Islands, Spain. The Evolution of British Package Holiday Prices in the Balearic Islands, 2000-2008.
18:30-20:00 Session X (Room A): Financial Economics – Financial Issues
Chair: Zhou, Y., Lecturer, AUT University, New Zealand.
1.  S.Rocha, M.D., Assistant Professor, University of Porto, Portugal. An Analysis of the Effects of Monetary Policy on Banks’ Balance Sheets.
2.  Qin, Z., Associate Professor, Shantou University, China. Ownership Structure as Corporate Governance Mechanism in Chinese Private Enterprises: Evidence from Shantou City, Guangdong Province.
3.  Gkanoutas-Leventis, A., Ph.D. Student, City University London, UK. What Drives a Financial Crisis? On Fear Fundamentals and Financialisation.
4.  Silva, F., Ph.D. Student, University of Coimbra. Portugal. Financial Shackles: An Analysis of Firms’ Financial Constraints in Portugal. / 18:30-20:00 Session XI (Room B): History of Economic Thought, Methodology and Heterodox Approaches
Chair: Ahmadzadeh, F., Assistant Professor, Islamic Azad University, Iran.
1.  Spangenberg, S., Associate Professor, Richmond University, UK. The German Historical School and its Relevance to Behavioural Economics Today.
2.  Bocutoglu, E., Head of Deartment of Economics, Karadeniz Technical University, Turkey. How Relevant is Minsky’s Business Cycles Theory to Explain the Current Global Crisis? A Heterodox Assessment.
3.  Nehme, G., Assistant Professor, Antonine University, Lebanon. Ensuring Effectiveness of Economic and Monetary Policies through Considering Economic Schools of Thought: Lebanon 1990-2010.

21:00 - 23:00 GREEK NIGHT AND DINNER (Details during registration)

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Tuesday, July 27th, 2010

08:30-10:30 Session XII (Room A): Agricultural and Nature Resource Economics: Environment and Ecological Economics – Agricultural Economics
Chair: Nehme, G., Assistant Professor, Antonine University, Lebanon
1.  Malla, S., Associate Professor, University of Lethbridge, Canada, Hobbs, J.E., Professor, University of Saskatchewan, Canada & Cybruk, T., Researcher, University of Lethbridge, Canada. Functional Food Innovation and Health Care Cost Savings: The Case of CLA-Enhanced Milk.
2.  Moeller, L., Ph.D. Student, IAMO Halle, Germany. Real OptionsApproach as a Tool for Understanding Structural Change in Agriculture.
3.  Mykhaylenko, M., PhD. Student, IAMO-Institute for Agricultural Development, Germany. Vertical Linkages in Ukrainian Agri -Food Business: The Role of Uncertainty and Resource Availability in Implementation of Different Coordination Mechanisms.
4.  Polard, A., Ph.D. Student, CEESE- ULB, Belgium. Selection And Socio-Economic Analysis of Nutrient Control Measures in the Scheldt Watershed: How to Reach WFD Objectives in a More Sustainable Way?
5.  Garcia, A., Associate Professor, University of Valencia, Spain. Deregulation Financial Sector Process in Morocco: Efficiency of Monetary Policy. / 08:30-10:30 Session XIII (Room B): Financial Economics - Financial Markets
Chair: *De Pace, P., Assistant Professor, Pomona College, USA.
1.  Glasure, Y., Professor, University of Houston, USA. Another Look at the EU Pre-Financila Crisis Equity Returns from Different Frequency Data.
2.  Filis, G., Lecturer, University of Portsmouth, UK, Degiannakis, S., Lecturer, University of Portsmouth, UK & Floros, C., Lecturer, University of Portsmouth, UK. Stock Market and Oil Prices: Dynamic Correlation in Oil-Importing and Oil-Exporting Countries.
3.  Siligardos, G., Ph.D. Student, University of Rome Tor Vergata, Italy & Mattarocci, G., Lecturer, University of Rome Tor Vergata, Italy. The Relevance of Real Estate Market Trends for Investment Property Funds Asset Allocation: Evidence from France, Germany, Italy and United Kingdom.
4.  Benhmad, F., Post- Doctoral Researcher, LAMETA, France. A Wavelet Analysis of Value at Risk in Heterogeneous Markets.
10:30-12:00 Session XIV (Room A): Macroeconomics and Monetary Economics – Macro Issues
Chair: *Glasure, Y., Professor, University of Houston, USA.
1.  Albu, L.L., Director, Institute for Economic Forecasting, Romania, Stanica, C., Senior Researcher, Institute for Economic Forecasting, Romania & Iordan, M., Senior Researcher, Institute for Economic Forecasting, Romania. A Model to Estimate How Deep and How Long Could be the Recession.
2.  Gur, T.H., Associate Professor, Hacettepe University, Turkey. The Financial Crisis: Home Made in USA.
3.  De Pace, P., Assistant Professor, Pomona College, USA. GDP Growth Predictions through the Yield Spread Time-Variation and Structural Breaks.
4.  Kim, B.W., Lecturer, ChungJu National University, Korea. Augmented Philips Curve: Adaptive or Rational Expectation?
5.  Caraiani, P., Researcher, Institute of Economic Forecasting, Romania. Estimating the Okun Coefficient in Romanian Economy: A DSGE Approach. / 10:30-12:00 Session XV (Room B): International Economics - FDI
Chair: Chisoro, C., Research and Community Development Officer, University of Johannesburg, South Africa
1.  Ioannatos, P., Associate Professor, Kettering University, USA. Economic Integration and Foreign Direct Investment: A Case Study.
2.  Bellos. S., Ph.D Student, Bath University, UK. FDI Determinants in Transition Countries. The Role of Transition Speed.
3.  Andrei, D.M., Researcher, Institute for Economic Forecasting, Romania. Foreign Direct Investments: Correlations and Determinants for Romania.

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