Advances in Applied Economic Research Proceedings of the 2016 Intern

This proceedings volume aims to provide new research methods, theories and applications from various areas of applied economic research. Featuring papers from the 2016 International Conference on Applied Economics (ICOAE) organized by the University of Ni

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Nicholas Tsounis Aspasia Vlachvei Editors

Advances in Applied Economic Research Proceedings of the 2016 International Conference on Applied Economics (ICOAE)

Springer Proceedings in Business and Economics

More information about this series at http://www.springer.com/series/11960

Nicholas Tsounis • Aspasia Vlachvei Editors

Advances in Applied Economic Research Proceedings of the 2016 International Conference on Applied Economics (ICOAE)

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Editors Nicholas Tsounis Department of International Trade Western Macedonia University of Applied Sciences Kastoria, Greece

Aspasia Vlachvei Department of International Trade Western Macedonia University of Applied Sciences Kastoria, Greece

ISSN 2198-7246 ISSN 2198-7254 (electronic) Springer Proceedings in Business and Economics ISBN 978-3-319-48453-2 ISBN 978-3-319-48454-9 (eBook) DOI 10.1007/978-3-319-48454-9 Library of Congress Control Number: 2016955838 © Springer International Publishing AG 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

Preface

The International Conference on Applied Economics (ICOAE 2016) has been coorganised in 2016 by the Department of Finance and Economics of the University of Nicosia, Cyprus, and the Department of International Trade at Kastoria of the Western Macedonia University of Applied Sciences, Greece, after the kind invitation by the Head of the Department of Finance and Economics of the University of Nicosia Dr. Spyros Hadjidakis who is also a co-chair of the conference. ICOAE is an annual conference started in 2008 with the aim to bring together economists from different fields of Applied Economic Research in order to share methods and ideas. Applie