5th International PhD Meeting in Economics, Program

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5th International PhD Meeting in Economics, 2017 Program July 5-6, 2017 Lecture Theatre 14 University of Macedonia Thessaloniki, Greece

WEDNESDAY, JULY 5 Registration: 08:30 09:00 Keynote Speech 1: 09:00 10:00 Chair: Theologos Pantelidis, University of Kent, UK The Great Recession and the Greek Economy in Retrospect and Prospect Lefteris Tsoulfidis, University of Macedonia, Greece Session 1: 10:00 11:40 Chair: Julika Herzberg International Economics On the Role of Free Trade Agreements under Bound MFN Tariffs Moise Nken (Ryerson University, Canada) Sectoral FDI, the Real Exchange Rate and the Role of Financial Development Coletta Frenzel Baudisch (Justus-Liebig University Giessen, Germany) Foreign Aid and Electoral Incentives Christiana Anaxagorou (University of Sheffield, UK) Protection and Profit: Leakage Effects of Governmental and Marked- Based Forest Policies Julika Herzberg (RWTH Aachen University, Germany) Coffee break: 11:40 12:00 Session 2: 12:00 13:40 Chair: Eirini Thomaidou Microeconomics I The Impartial Observer under Uncertainty Stefan Berens (Bielefeld University, Germany) & Lasha Chochua (Bielefeld University, Germany) 1

How Vertical Relationships and External Funding Affect Investment Efficiency and Timing? Dimitrios Zormpas (University of Padova, Italy) Linear Regression Analysis for the Effect of the Microeconomic Factors on the Stock Prices Development: The Evidence from the Central European Countries Tomas Prazak (Silesian University in Opava, Czech Republic) Firm Export Quality over the Business Cycle Sarantis Kalyvitis (Athens University of Economics and Business, Greece) & Eirini Thomaidou (Athens University of Economics and Business, Greece) Lunch: 13:40 15:00 Keynote Speech 2: 15:00 16:00 Chair: Theodore Panagiotidis, University of Macedonia, Greece Interest Rates, Leverage, and Money Apostolos Serletis, University of Calgary, Canada Session 3: 16:00 17:15 Chair: Polyxeni Kehagia Macroeconomics I Inflation in the Aftermath of Banking Crises Jurgen Kahler & Christoph Weber (University of Erlangen-Nuremberg, Germany) Domestic Investment and FDI in Greece Anastasios Zachariou (University of Macedonia, Greece) & Stamatis Papagelou (University of Macedonia, Greece) FDI and Terrorism: Approaches and Critique Polyxeni Kehagia (University of Thessaly, Greece) & Theodore Metaxas (University of Thessaly, Greece) 2

Coffee break: 17:15 17:30 Keynote Speech 3: 17:30 18:30 Chair: Lefteris Tsoulfidis, University of Macedonia, Greece Nonlinear Phillips Curve, Inflation Targeting, and Credit Cycles A Double Regime Switching Model Willi Semmler, The New School for Social Research, USA 3

THURSDAY, JULY 6 Keynote Speech 4: 09:00 10:00 Chair: Iordanis Petsas, University of Scranton, USA Substitution with Three Factors of Production Henry Thompson, Auburn University, USA Session 4: 10:00 11:15 Microeconomics II Chair: Theologos Dergiades, University of Macedonia, Greece Persistent and Transient Cost Inefficiency in the English Higher Education Sector: A Generalized True Random Effects Model Maria Papadimitriou (Lancaster University, UK) & Jill Johnes (University of Huddersfield, UK) The Influence of Socio-Economic Background and Ability on Educational Choices Konstantina Maragkou (University of Sheffield, UK) Bias-corrected Estimation of the BLP Random Coefficient Model with Fixed Effects Thi Thu Hien Pham (University of Leuven, Belgium) Coffee Break: 11:15 11:45 Session 5: 11:45 13:00 Chair: Gianko Michailidis A New Approach to Measuring Tax Effort Public Economics Basil Dalamagas (National & Kapodistrian University of Athens, Greece), Panagiotis Palaios (National & Kapodistrian University of Athens, Greece), Stefanos Tantos (National & Kapodistrian University of Athens, Greece) 4

Is the Greek Debt Sustainable? Analyzing Three Alternative Fiscal Scenarios for the Forthcoming 2018-2022 Period Emmanouil M.L. Economou (University of Thessaly, Greece) The Political Economy of Intergenerational Exchange Gianko Michailidis (University of Barcelona, Spain) & Concepcio Patxot (University of Barcelona, Spain) Lunch: 13:00 14:30 Keynote Speech 5: 14:30 15:30 Chair: Ilias Katsikas, University of Macedonia, Greece Manipulating Reviews in Dark Net Markets to Reduce Crime Dimitris Xefteris, University of Cyprus, Cyprus Session 6: 15:30 17:10 Chair: Alexi Thompson Macroeconomics II A Critical View on Traditional and Unconventional Monetary Practices in the US Nikolaos Kyriazis (University of Thessaly, Greece) & Emmanouil M.L. Economou (University of Thessaly, Greece) On the Impacts of Anticipated Inflation Dila Asfuroglu (University of Cologne, Germany) The Effects of Borrower-Based Macroprudential Policy - An Empirical Application to Korea Thorsten Franz (Goethe University Frankfurt, Germany) The Exchange Regime and Current Account in Greece, 1974-2014 Alexi Thompson (Indiana University of Pennsylvania, USA) 5