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International Journal of Economics and

Finance

Editorial Team

Editor in Chief

1. Olajide S. Oladipo, York College, The City University of New York, United States

Associate Editors

1. Alain Devalle, University of Turin, Italy

2. Ali M. Yaftian, Deakin University, Australia

3. Kim Man Lui, The Hong Kong Polytechnic University, Hong Kong

4. Terrill L. Frantz, Peking University HSBC Business School, China

5. Vasileios Bill Kallinterakis, University of Liverpool, United Kingdom

Editorial Assistant

1. Micheal Zhang, Canadian Center of Science and Education, Canada

Editorial Board Members

1. Abdelkader Aguir, University of Sousse; Institute of Political Studies (IEP) Research

Laboratory Public Policy, Tunisia

2. Abd-Razak Ahmad, Universiti Teknologi Mara, Malaysia

3. Agnieszka Gehringer, University of Goettingen, Germany

4. Dr. Aleksandar Vasilev, American University in Bulgaria, Bulgaria

5. Ph.D. Alexandre Ripamonti, University of Sao Paulo, Brazil

6. Professor Alina Badulescu, University of Oradea, Romania

7. Amir Arjomandi, University of Wollongong, Australia

8. Andreea Stoian, Bucharest Academy of Economic Studies, Romania

9. Anis Ochi, Tunis El Manar University, Faculty of Economic Sciences and

Management of Tunis., Tunisia

10. Dr. Asmaa I Al-Amarneh, Private Applied science University, Jordan, Jordan

11. Augustin Mbemba, Morgan State University, United States

12. Bakhtear Talukdar, Florida International University 11200 SW 8th ST Miami FL

33199 USA, United States

13. Dr Behrooz Gharleghi, Asia Pacific University of Technology and Innovation,

Malaysia

14. Bogdan Gabriel Zugravu, Faculty of Economics and Business Administration,

Al.I.Cuza University of Iasi, Romania

15. Carlo Alberto Magni, University of Modena and Reggio Emilia, Italy

16. Cheng-Te Lee, Chinese Culture University, Taiwan

17. Dr. Chinwen Huang, Western Connecticut State University, United States

18. Dr Christos Kallandranis, Regent’s Unversity London, United Kingdom

19. Cosimo Magazzino, Roma Tre University, Italy

20. Cristian Marian Barbu, ARTIFEX University, Romania

21. Cuong Do, Institute of Economics, NPA Hanoi, Vietnam, Australia

22. Mr Daniel Adrian Gardan, Spiru Haret University, Romania

23. Daniel Badulescu, University of Oradea, Romania

24. Dr Daniel Domeher, Kwame Nkrumah University of Science and Technology

(KNUST), School of Business, Ghana

25. Dien Vu, Kyoto University, Japan

26. Dror Parnes, University of South Florida, United States

27. Dr Duc H Vo, Economic Regulation Authority, Australia

28. Dr Eadala Lokanadha Reddy, Sri Venkateswara College of Engg & Tech, India

29. Elisabet Ruiz-Dotras

30. Esen Onur, California State University, United States

31. Evelyn Shyamala Devadason, University of Malaya, Malaysia

32. Fabrizio Rossi, University of Cassino and Southern Lazio, Italy

33. Dr. Fayaz Ahmad Lone, Assistant Professor Salman Bin Abdulaziz University, Saudi

Arabia

34. Francesco Scalera, University of Bari, Italy

35. Francesco Zirilli, Sapienza Università di Roma, Italy

36. George Abuselidze, Shota Rustaveli State University, Georgia

37. George Tzagkarakis, EONOS Investment Technologies, France

38. Dr. Ghassan Hanna, Southern New Hampshire University, United States

39. Girish G P, IBS Hyderabad, IFHE University, India

40. Giscard Assoumou Ella, LEAD Economics Research Center, University of Toulon,

France

41. Giuseppe Scandurra, University of Naples “Parthenope”, Italy

42. Dr. Hai Long, Edith Cowan University, Australia

43. Haitham Nobanee, Abu Dhabi University, United Arab Emirates

44. Hanna Trojanowska, Siedlce University, Poland

45. Professor Hisham Handal Abdelbaki, Mansoura University, Egypt

46. Huijian Dong, Pacific University, United States

47. Hussain Ali Bekhet, Universiti Tenaga Nasional, Malaysia

48. Ian McFarlane, University of Reading, United Kingdom

49. Inga Chira, Oregon State University, United States

50. Irene Wei Kiong Ting, Universiti Tenaga Nasional, Malaysia

51. Ireneusz Jazwinski, University of Szczecin, Poland

52. Jabrane AMAGHOUSS, Cadi Ayyad university, Morocco

53. James E. Cicon, New Jersey Institute of Technology, United States

54. Jeng-Yan Tsai, Tamkang University, Taiwan, Province of China

55. Jin Yong Yang, Hankook university of foreign studies, Korea, Republic Of

56. Assistant Professor, K. M. Anwarul Islam, The Millennium University, Bangladesh

57. Dr Kesseven Padachi, School of Accounting, Finance and Economics University,

Mauritius

58. KiHoon Jimmy Hong, University of Technology, Sydney

59. Dr. L. Leo Franklin, JJ. College of Arts and Science, India

60. Luca Sensini, University of Salerno, Italy

61. Marcus Wiens, Karlsruhe Institute of Technology, Germany

62. prof. Mansoor Maitah, The Czech University of Life Sciences Prague, Czech

Republic

63. Dr María-Dolores Guillamón, University of Murcia, Spain

64. Maria do Céu Gaspar Alves, University of Beira Interior, Portugal

65. María Elena Tavera, Polytechnic National Institute, Mexico

66. Maria Hilal, ANTONINE University, Lebanon

67. Marisa Faggini, University of Salerno, Italy

68. Mihaela Simionescu (Bratu), Institute for Economic Forecasting of the Romanian

Academy from Bucharest, Romania

69. Mohamed Sherif, Heriot-Watt University, United Kingdom

70. Dr Mohammad I. D. Tayeh, The University of Jordan, Jordan

71. Dr. Mohammed Nur Hussain, Swinburne University of Technology Sarawak,

Malaysia

72. Mohammed Seghir Guellil, Poldeva Laboratory, University of Tlemcen, Algeria

73. Moorad Choudhry, Brunel University, United Kingdom

74. Professor Neel Mani Prasad Verma, Babasaheb Bhimrao Ambedkar University, India

75. Patrice Charlier, EM Strasbourg Business School, University of Strasbourg, France

76. Patrycja Kowalczyk-Rólczynska, Wroclaw University of Economics, Poland

77. Peibiao Zhao, Nanjing University of Science and Technology, China

78. Periklis Gogas, Democritus University of Thrace, Greece

79. Dr. Pierre Nguimkeu, Georgia State University, United States

80. Piotr Misztal, Technical University of Radom, Poland

81. Dr. Prasad Vemala, McNeese State University, United States

82. Mr. Prince Doliya, Indian Institute of Technology Roorkee, India

83. Dr. priyono - -, pgri adi buana university, Indonesia

84. Dr. Putu Mahardika Adi Saputra, Department of Economics, Faculty of Economics

and Business, University of Brawijaya, Indonesia

85. Mr Qian Long Kweh, Universiti Tenaga Nasional, Malaysia

86. Richard Paul Gregory, East Tennessee State University, United States

87. Rita Yi Man Li, Hong Kong Shue Yan University, Hong Kong

88. Prof Robin Luo, ALHOSN University, United Arab Emirates

89. Robin Maialeh, University of Economics in Prague, Czech Republic

90. Samuel O. Imarhiagbe, Midwest Finance Association, United States

91. Sang-Bing Tsai, Prof., Zhongshan Institute, University of Electronic Science and

Technology of China, China

92. Shu-Hwa Chih, National Chengchi University, Taiwan, Province of China

93. Dr Socrates Karidis, University of Bedfordshire, United Kingdom

94. Dr Son Hong Nghiem, University of Queensland, Australia

95. Sorinel Capusneanu, Dimitrie Cantemir Christian University, Romania

96. Srinivasan Palamalai, Department of Economics, Christ University, India

97. Suleyman Degirmen, Mersin University, Turkey

98. Dr. Svend Reuse, FOM, HRW, Masaryk University Brno, Germany

99. Szabolcs Blazsek, Universidad Francisco Marroquín, Guatemala

100. Dr Tameur Nachef, Universiti Sains Malaysia (USM), Qatar

101. Dr. Taoufik Bouraoui, ESC Rennes School of Business, France

102. Prof. Dr. Tristan Nguyen, Fresenius University, Munich, Germany

103. Tudor Ciumara, "Victor Slavescu" Centre for Financial and Monetary

Research, Romania

104. Turan Subasat, University of Bath and Izmir University of Economics, United

Kingdom

105. Vilas Bhau Gaikar, Asst. Professor, Dept. of Economics, Smt. Chm. College,

University of Mumbai, India

106. Dr. Wei Wan, Claflin University, United States

107. Yinghong Zhang, Lally School of Management and Technology, United States

108. Dr Yong Kang Cheah, Universiti Utara Malaysia, Malaysia

109. Yu Chen, Texas A&M International University, United States

110. Zhensheng Huang, Nanjing University of Science and Technology, China

International Journal of Economics and Finance ISSN 1916-971X (Print) ISSN 1916-9728

(Online)

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