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Economics, Management, and Financial Markets OFFICIAL JOURNAL OF THE CONTEMPORARY SCIENCE ASSOCIATION • NEW YORK Economics, Management, and Financial Markets VOLUME 5 ● NUMBER 1 ● MARCH 2010 ADDLETON ACADEMIC PUBLISHERS • NEW YORK Economics, Management, and Financial Markets An international peer-reviewed academic journal Volume 5 / Number 1 / March 2010 Copyright © 2010 by the Contemporary Science Association, New York Economics, Management, and Financial Markets provides a forum for theoretical, applied, policy and methodological research into social and economic issues, and publishes high quality original research on applied and theoretical issues related to the changing forms and boundaries of markets and planning, uneven development and world market instability; strategic management, organizational theory; securities trading and pricing. Strong emphasis is placed on critical perspectives, multidis- ciplinary approaches, the provision and use of empirical evidence, realistic analysis and accessibility to non-specialists. Economics, Management, and Financial Markets (ISSN 1842–3191) is published four times a year in March, June, September, and December by Addleton Academic Publishers, 30-18 50th Street, Woodside, New York, 11377. All papers in this journal have undergone editorial screening and anonymous double-blind peer-review. Addleton Academic Publishers is an imprint of RIOTS, New York. Addleton journals include reviews of books published by Cambridge University Press. Please direct subscription, contributions, back-issue requests, and address changes to [email protected] Produced in the United States of America Journal ranking: A on a seven-point scale (A+, A, B+, B, C+, C, D). Economics, Management, and Financial Markets is indexed and/or abstracted in EBSCOhost, EBSCO Discovery Service, ProQuest, Ulrich’s Periodicals Directory, ICAAP, and Contemporary Science Association Databases. MARKETING The marketing strategy for Economics, Management, and Financial Markets is designed to maximize the Journal’s profile, reach and readership. This is achieved through: targeted electronic marketing to relevant contacts; promotion at conferences globally; highlighting the best content in the Journal; and attracting the best authors to publish in the Journal. MANUSCRIPT CATEGORIES Economics, Management, and Financial Markets publishes research papers, review papers, conference papers, short communications, and book reviews. EDITORIAL ADVISORY BOARD James Ang (Monash University) Larry Cata Backer (Pennsylvania State University) Giorgio Baruchello (University of Akureyri) Aristidis Bitzenis (University of Macedonia) Walter E. Block (Loyola University-New Orleans) Peter Bofinger (University of Würzburg) Aloysius Gunadi Brata (Atma Jaya Yogyakarta University) Dan Coffey (Leeds University Business School) Panagiotis Dimitropoulos (University of Peloponnese) Andrea Filippetti (University of London) Alberto Gabriele (UNCTAD-Geneva) Vittorio N. Galasso (University of Delaware) Yu Hsing (Southeastern Louisiana University) Gregg B. Johnson (State University of New York-Buffalo) David R. Just (Cornell University) Tibor R. Machan (Auburn University) Erin Melton (Texas A&M University) Jhon James Mora (Icesi University) Ganesh Narasimhan (Sathyabama University) Michael A. Peters (University of Illinois at Urbana-Champaign) Rajesh K. Pillania (Management Development Institute-Sukhrali) Jaya Prakash Pradhan (Sardar Patel Institute of Economic & Social Research) Chin-Hong Puah (Universiti Malaysia Sarawak) Karl Roberts (Liverpool John Moores University) Nirvikar Singh (University of California-Santa Cruz) Peter Smith (University of Manchester) Steve Stein (University of Miami) Carole Thornley (Keele University) Peter Ulrich (St. Gallen University) Jesse T. Wasson (State University of New York-Buffalo) Nelson Waweru (York University) Hailiang Yang (University of Hong Kong) Constantin Zaharia (University of Craiova) Scholars whose papers have been published in Economics, Management, and Financial Markets include: Andreas Andronikidis (University of Macedonia) William A. Barnett (University of Kansas) Giorgio Baruchello (University of Akureyri) Aristidis Bitzenis (University of Macedonia) Walter E. Block (Loyola University-New Orleans) Peter Bofinger (University of Würzburg) Rodrigo Britez (University of Illinois at Urbana-Champaign) Aloysius Gunadi Brata (Atma Jaya Yogyakarta University) Panagiotis Dimitropoulos (University of Peloponnese) Alberto Gabriele (UNCTAD-Geneva) M. Ulric Killion ( Shanghai International Studies University) Angela M. Kithinji (University of Nairobi) Barbara van Koppen (International Water Management Institute) Jerome Swee-Hui Kueh (Universiti Malaysia Sarawak) Todd Litman (Victoria Transport Policy Institute) Leonard Lynn (Case Western Reserve University) Tibor R. Machan (Auburn University) Rose Machiridza (University of Zimbabwe) Emmanuel Manzungu (University of Zimbabwe) Julian Morris (International Policy Network/University of Buckingham) Ganesh Narasimhan (Sathyabama University) José Antonio Ocampo (Columbia University) Masamitsu Ohnishi (Osaka University) Yusuke Osaki (Osaka University) Samuel Owusu-Yeboah (University of Applied Management-Campus Ghana) Michael A. Peters (University of Illinois at Urbana-Champaign) Chin-Hong Puah (Universiti Malaysia Sarawak) Habibur Rahman (Chulalongkorn University) Karl Roberts (Liverpool John Moores University) David Rosner (Metropolitan College of New York) James Sagner (Metropolitan College of New York) Hal Salzman (Rutgers University) Basindike L. Sayi (United States International University) Nourin Shabnam (Asian Institute of Technology) Pinimidzai Sithole (University of Western Cape) Peter Smith (University of Manchester) Bill Stacey (Aviate Global Asia-Lion Rock Institute) Steve Stein (University of Miami) Wolfgang Streeck (Max Planck Institute for the Study of Societies) Barbara Tapela (African Centre for Water Research) John A. Tatom (Networks Financial Institute-Indiana State University) Gianpiero Torrisi (Newcastle University) Peter Ulrich (University of St. Gallen) Nelson M. Waweru (York University) Lawrence J. White (New York University) John Williamson (Peterson Institute) Chiew-Meu Wong (Universiti Malaysia Sarawak) EDITORIAL INFORMATION Managing Editor: Cynthia Neal Associate Editor: Christine Wright Publishing Executive Editor: George Lăzăroiu Consulting Editor: Karen Lloyd Editorial Assistant: Steve Frechette Book Review Coordinator: Richard Breillat Associate Editors: Brînduşa Covaci, Luminiţa Ionescu Senior Assistant Editor: Adrian Constantinescu REVIEWS EDITORS FOR CONTRIBUTIONS FROM CENTRAL AND EASTERN EUROPE Viorica Barbu-Iuraşcu, Adrian Blăjan, Mihaela Chircuşi, Emil Dinga, George Hodo- rogea, Camelia Morăreanu, Ion Olteţeanu, Ştefan Păun, Luminiţa Pogăceanu, Ion Ristea, Carmen Stoianov, Petru Stoianov, Dumitru Văduva, Elise Vâlcu, Marius Vorniceanu, Ioana Zaharia. CSA WORLD CONGRESSES ON THE ADVANCEMENT OF SCHOLARLY RESEARCH IN SCIENCE, ECONOMICS, LAW, AND CULTURE Recent contributors: Noteworthy scholars affiliated with Arizona State University, University of Michigan-Ann Arbor, and University of Philadelphia. The conference proceedings book normally contains between 200 and 300 pages and is printed just before each conference (it is given to all participants attending the conference to help them follow the presentations easily). Conference proceedings published as books are acquired and selected according to a set of specialized guidelines. Proceedings will be prepared in form of a high-quality proceedings book published by Addleton Academic Publishers. The book will contain the contributions to the congress in form of concise written papers (invited papers 8 –14 pages, contributed papers 6 –10 pages; page size is “book size”, not DIN-A4/Letter size). All papers are peer-reviewed by CSA members and participants in the congress in order to coherently ensure high quality of the full book contents. Guidelines for Chairs: Papers are to be presented rather than read. The length of time for presentation of papers is 15 minutes maximum. Papers should not exceed 3000 words, or ten double-spaced pages, including Notes (notes need not be included in the presented papers, but should be presented for the final selection of papers for the Proceedings). The chair should send copies of abstracts to all the participants of the congress, so they have an idea of the kind of papers that will be presented and can prepare themselves for their discussion. Chairs are responsible for selecting and editing the papers recommended for publication in the Pro- ceedings. www.addletonacademicpublishers.com [email protected] 30-18 50th Street, Woodside, New York, 11377 Phone: 718 626-6017 The publications of Addleton Academic Publishers are books and other materials that further scholarly investigation, advance interdisciplinary inquiry, stimulate public debate, educate both within and outside the classroom, and enhance cultural life. In its commitment to increasing the range and vigor of intellectual pursuits, Addleton Academic Publishers continually extends its horizons to embody university pub- lishing at its best. We are now focused on a future in which large-scale electronic delivery will augment or possibly replace today’s paper delivery where appropriate. Through its publishing programs, Addleton Academic Publishers promotes research and education, enriches cultural and intellectual life, fosters regional pride and accomplishments, and diligently pursues the best and most innovative
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