ECONOMICS

Editor in Chief:
Stelios Dr. Bekiros, University of Malta, Malta

Editor in Chief Assistant:
Dragana dr Radičić, University of Lincoln, Department of Accountancy, Finance and Economics, United Kingdom

Editor in Chief Assistant:
Petar dr Đukić, Faculty of Technology and Metallurgy, University of Belgrade, Serbia

Editor in Chief Assistant:
Adis dr Puška, Government of the Brčko District of BiH, Bosnia and Herzegovina

USA:
Thomas dr Gillpatrick, Portland State University, USA
Leland dr Buddress, Portland State University, USA
Roofia dr Galeshi, Radford University, USA
Jason dr Caudill, King University, USA
Hugh dr Ault, Boston College, USA
Jason dr Patalinghug, Southern Connecticut State University, USA
Richard J. Fast, George Mason University, USA
Cevat dr Tosun, Director of Master in Tourism Administration Program Eisenhower Chair and Professor of Tourism Studies and Management, School of Business The George Washington University

Puerto Rico:
Cynthia dr Sénquiz - Diaz, Universidad Ana G. Méndez, Division of Business, Tourism & Entrepreneurship, Gurabo, Puerto Rico

Canada:
Iqtidar dr Shah, Yorkville University, British Columbia Campus, Canada

United Kingdom:
Christopher dr A. Hartwell, Bournemouth University, United Kingdom
Denis dr Hyams - Ssekasi, University of Bolton, United Kingdom
Lorenzo dr Trapani, University of Nottingham, United Kingdom
Tarek dr AbdelFattah, University of Portsmouth, United Kingdom

Luxembourg:
Virginie dr Terraza, Faculty of Law, University of Luxembourg, Luxembourg

Switzerland:
Isabelle dr Collet, University of Geneva, Switzerland

Israel:
Andrey dr Kudryavtsev, The Max Stern Yerzeek Valley Academic College Emek Yerzeel, Israel
Gil S. Epstein, Bar-Ilan University, Israel

Singapore:
Zsuzsa dr Reka Huszar, National University of Singapore

China:
Hamid dr Khurshid, Lingnan University Hong Kong, Department of Management, Republic of China
Tafazal dr Kumail, Guangxi University of Finance and Economics, Nanning, China
Bin Zhou, Ningbo Univeristy, China

Germany:
Willy dr Legrand, IU International University of Applied Sciences, Germany
Tristan dr Nguyen, Hochschule Fresenius University of Applied Sciences, Germany

Austria:
Ahu Genis Gruber, University of Applied Sciences Upper Austria, Austria　

South Korea:
Bipithalal dr. Balakrishnan Nair, Woosong University, South Korea

Japan:
Taro Abe, Nagoya Gakuin University (Culture & Human Resources), Japan

Australia:
Alberto dr Posso, RMIT University, Australia

Finland:　
Spyros dr Hidrais CEng FRINA, Maritime Technology, Aalto University, Finland

New Zealand:
Tauisi dr Taupo, Victoria Univeristy of Wellington, New Zealand
Mohammad dr Saud Khan, Victoria University of Wellington, New Zealand

Taiwan:
Massoud dr Moslehpour, Asia University, Taiwan
Shu dr Lung Kuo, Technology Management Open University of Kaohsiung, Taiwan

Spain:
Elena dr de la poza Plaza, University of Valencia Politécnica, Spain
María-Dolores dr Guillamón, University of Murcia, Spain
Francisco dr José García González, Universidad Complutense de Madrird, Spain

Portugal:
Joao dr Paulo Vieito, Polytechnic Insititute of Viana do Castelo, Portugal

Italy:
Ubaldo dr Comite, University Giustino Fortunato, Italy
Marco dr Valeri, Faculty of Economics, Niccolo' Cusano University in Rome, Italy
Leslie dr Fadlon, University of Niccolò Cusano, Italy
Alberto dr Celani, Politecnico Milano, Italy
Gianluca dr Mattarocci, Facolta di Economia, Universita di Roma Tor Vergata, Italy
Marcello dr Signorelli, Dipartimento di Economica, Universita degli Studi di Perugia, Italy

Poland:
Andrzej dr Niemiec, Poznan University of Economics, Department of Controlling, Financial Analysis and Valuation, Poland
Piotr dr Wisniewski, Corporate Finance Unit Institute of Finance, Warsaw School Economics, Poland

Hungary:
Andrea Szalavetz, Centre for Economic and Regional Studies Institute of World Economics, Hungary

Scotland:
Kieran dr James, University of the West of Scotland, Scotland

Greece:
Eirini dr Daskalaki, Metropolitan College, Greece
Phoebe Koundouri, Athens University of Economics and Business, Greece
Konstantinos dr N. Malagas, University of the Aegean, Greece
Constantinos dr Challoumis, National and Kapodistrian University of Athens, Greece
Andreas dr Papatheodorou, Univeristy of the Aegean, Greece

Sweden:
Christer dr Thörnqvist, Högskolan i Skövde, Sweden

Czech Republic:
Lucie dr Andreisová, University of Economics in Praque, Czech Republic
Martina dr Blašková, Police Academy, Czech Republic

Turkey:
Hüseyin dr Işıksal, Near East University, Faculty of Open and Distance Education, Turkey
Metin dr Toprak, İstanbul Üniversitesi Akademik Veri Yönetim Sistemi, Turkey
Zeki Atil dr Bulut, Dokuz Eylul Univeristy, Turkey
Feden dr Koç, Usak University, Turkey
Zafer dr Öter, Izmir Katip Celebi University, Turkey
Emrah dr Gulay, Dokuz Eylul University, Izmir, Turkey

Slovakia:
Ivan dr Brezina, Faculty of Business Informatics, Slovakia

Brasil:
Arcione Ferreire dr Viagi, Taubate University, Brazil
Fábio dr Albergaria de Queiroz, Catholic University of Brasilia, Brasil

Ukraine:
Oleksandr dr V. Dluhopolskyi, West Ukrainian National University (Ternopil city), Ukraine
Yurii Ivashuk, West Ukrainian National University, Deputy Director of Ternopil Regional Development Agency, Ukraine
Olha dr Komelina, Poltava National Technical Yuri Kondratyuk University, Poltava, Ukraine
Katerina dr Kovtoniuk, Kyiv National Economic University, Ukraine
Viktor dr Koziuk, West Ukrainian National University, Member of the Board of the National Bank of Ukraine
Ellana dr Molchanova, Faculty of international Trade and Law, Department of international management, Ukraine
Tetiana dr Paientko, Kyiv National Economic University, Ukraine
Iryna Dr. Sc. Lytvynchuk, Zhytomyr National Agroecological University, Ukraine
Tetiana dr Semenenko , Sumy State University, Ukraine
Liudmyla dr Yurchyshena,Vasyl Stus Donetsk National University, Ukraine

Bulgaria:
Julia Stoyancheva dr Stefanova, Economic Research Institute at the Bulgarian Academy of Sciences, Bulgaria
Marin Petrov dr Georgiev, Kaneff University Hospital, Rousse, Bulgaria
Venelin dr Terziev, University of Ruse Angel Kanchev, Bulgaria

India:
Ray dr Titus, Alliance University, India
Rudrarup dr Gupta, Commercial Manager of Multifarious Projects Group, India
Brijendra dr Singh Yadav, Aashlar Business School, Mathura, India
Sandeep dr Kumar, Tecnia Institute of advanced Studies, University Delhi, India
Raul dr Villamarin Rodriguez, Woxsen University, India
Bhola Dr. Khan, Yobe State University, Nigeria Faculty of Social Sciences, Nigeria

Oman:
Mythili dr Kolluru, College of Banking and Financial Studies, Oman
Vidya dr Suresh, College of Banking and Financial Studies, Oman

Serbia:
Petar dr Vrgović, University of Novi Sad, Faculty of Technical Sciences, Serbia
Kristijan dr Ristić, Bussines and law faculty, University Union – Nikola Tesla, Belgrade, Serbia
Snežana dr Milićević, Faculty of Tourism and Hotel Management in Vrnjaèka Banja, Serbia
Drago dr Cvijanović, Faculty of Tourism and Hotel Management in Vrnjaèka Banja, Serbia
Snežana dr Radukić, Faculty of Economics, University in Niš, Serbia
Zorana dr Kostić, Faculty of Sciences and Mathematics, University in Niš, Serbia
Nikola dr Fabris, University of Belgrade - Faculty of Economics, Serbia

Romania:
Alexandru dr Nedelea, Stefan Cel Mare University of Suceava, Romania
Roscana dr Manea Tonis, University Politehnica of Bucharest, Romania
Manuela Rozalia dr Gabor, G.E.Palade University of Medicine, Pharmacy, Science and Technology of Targu Mures, Faculty of Economics and Law, Romania

Croatia:
Lorena dr Škuflić, University of Zagreb, Faculty of Economics, Croatia
Zoran dr Wittine, University of Zagreb, Faculty of Economics, Croati
Anita dr Čeh Časni, University of Zagreb, Faculty of Economics, Croatia
Kosjenka dr Dumančić University of Zagreb, Faculty of Economics, Croatia

Montenegro:
Boban dr Melović, University of Montenegro, Faculty of Economics, Montenegro
Milivoje dr Radović, University of Montenegro, Faculty of Economics, Montenegro
Rade dr Ratković, Mediterranean University, Faculty of Business and Tourism Budva, Montenegro
Ivo dr Županović, Mediterranean University, Faculty of Business and Tourism Budva Montenegro
Darko dr Lacmanović, Mediterranean University, Faculty of Business and Tourism Budva, Montenegro
Anđelko dr Lojpur, University of Montenegro, Faculty of Economics, Montenegro

Macedonia:
Predrag dr Trpeski, Ss. Cyril and Methodius University, Faculty of Economics, Macedonia

Moldova:
Corina dr Gribincea, The National Institute for Economic Research of the Academy of Sciences of Moldova, Moldova
Marica dr Dumitrasco, Academy of Sciences of Moldova, Economy, Moldova

South Africa:
Sanja dr Bauk, Maritime Studies Department, Faculty of Applied Sciences, Durban University of Technology, South Africa

Saudi Arabia:
Yassin dr Eltahir, King Khalid University, Saudi Arabia
Melfi dr Alrasheedi, King Faisal University, Saudi Arabia
Abu dr Umar Faruq Ahmad, King Abdulaziz University, Saudi Arabia
Mohmaod Alrawad, Al Hussein Bin Talal University, Saudi Arabia
Abdalwali Lutfi, King Faisal University, Saudi Arabia

Slovenia:
Andrej dr Raspor, School of Advanced Social Studies, Slovenia
Marjana dr Merkač, Faculty of Commercial and Business Sciences, Slovenia
Marija dr Bogataj, University of Ljubljana, Faculty of Pharmacy, Slovenia

Iran:
Gholamreza dr Jandaghi, University of Tehran, Faculty of Management and Accountancy, Iran

Algeria:
Mehdi dr Bouchetara, Higher National School of Management, Algeria
Kherchi dr Ishak, Hassiba Benbouali University of Chief, Algeria

Sri Lanka:
Ahamed dr Labbe Mohamed Aslam, Ministry of Home Affairs, Sri Lanka
Nisantha dr Kurukulasooriya, University of Ruhuna, Sri Lanka

Indonesia:
Teguh dr Sugiarto, Universitas Budi Luhur, Indonesia
Yandra Rivaldo, Institut Agama Islam Abdullah Said Batam, Indonesia

Egypt:
Azza dr Mohamed Kamal, University for Modern Science and Arts (MSA), Egypt
Ahmed dr Mohamed Elbaz, University of Sadat City, Egypt

Uganda:
Michael dr Okoche, Uganda Management Institute, Uganda

Morocco:
Fouzi dr Belmir, University of Fes, Morocco

Ethiopia:
Dereje dr T. GEBREMESKEL, Global Land Programme (GLP) and Ethiopian Civil Service University, Ethiopia

Bahrain:
Adel. M Sarea, College of Business & Finance, Bahrain
Naji dr Mansour Nomran, Kingdom University, Bahrain

Nigeria:
Idowu Eferakeya, Accounting, Finance & Banking, Dennis Osadebay University, Anwai, Asaba, Nigeria
Andrew E.O Erhijakpo, Finance, Banking and Economics, Delta State University, Abraka, Nigeria
Felix Enaibre Ighosewe, Accounting, Dennis Osadebay University, Anwai, Asaba, Nigeria
Lucky Izobo Enakirerhi, Dennis Osadebay University, Anwai, Asaba, Nigeria

United Arab Emirates:
Jelena dr Janjušević, Heriot Watt University, United Arab Emirates
Ullas dr Rao, Heriot-Watt University Dubai, United Arab Emirates
Hasnan dr Baber, School of Management Abu Dhabi
Ana dr Stranjančević, Modul Dubai University, The United Arab Emirates
Ahmad Al -Hiyari, University of Khorfakkan, Sharjah, United Arab Emirates

Pakistan:
Ali Ahmad dr. Bodla, Faculty of Business and Management, Information Techology University, Pakistan

Republic of Uzbekistan:
Dang dr Rui, Westminster International University in Tashkent, Republic of Uzbekistan

Republic of Cameroon:
Alain Aimé dr Ndedi, Saint Monica University, Republic of Cameroon

Jordan:
Bashar dr Almansour, The World Islamic Science & Education University Faculty of Finance and Business, Jordan
Mohammed Amin Almaiah, Faculty of Information Technology, Aqaba University of Technology, Jordan

Fiji:
Ranasinghe dr Amaradasa, University of Fiji, Fiji

Albania:
Brilanda dr Bushati, University of Shkodra "Luigj Gurakuqi", Albania
Fatbardha dr Molla Bequiri, University of Shkodra "Luigj Gurakuqi", Albania
Elidiana dr Bashi, University of Shkodra "Luigj Gurakuqi", Albania

Tailand:
Napat dr Harnpornchai, Chiang Mai University, Tailand

Bosnia and Herzegovina:
Mladen dr Rebić, University of East Sarajevo, Faculty of Economics Pale, Bosnia and Herzegovina
Goran dr Popović, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Zoran dr Mastilo, Faculty of Business Economics Bijeljina, University of East Sarajevo, Bosnia and Herzegovina
Jamila dr Jaganjac, University ,,Vitez,, BiH, Bosnia and Herzegovina
Slobodan dr Subotić, University of East Sarajevo, Faculty of Transport and Traffic, Bosnia and Herzegovina
Muharem dr Karamujić, University of Sarajevo, School of Economics and Business, Bosnia and Herzegovina
Ognjen dr Erić, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Andrijana Mrkaić Dr Ateljević, "High School of Tourism and Hospitality" Trebinje, Bosnia and Herzegovina
Zdravko dr Todorović, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Branislav dr Mašić University of East Sarajevo, Faculty of Economics, Bosnia and Herzegovina
Željko dr Račić University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Bojan dr Baškot, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Branka Topić - Pavković, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina

Technical Editor
Borjan Divljanović, Graphic studio PIXEL - Bijeljina

Translation to English
Nemanja Jovanović

Address of the Editorial Board:
Neznanih junaka 9-11
76300 Bijeljina Republic of Srpska
Bosnia and Herzegovina
e-mail: novi.economics.institut@gmail.com
Bank account: 5550000004916269, Nova banka, Filijala Bijeljina ID: 44035724600004

Publisher
Oikos Institute - Research Centre
Neznanih junaka 9-11
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+387 55 423 183

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