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Journal Volume 5, Issue 3, September 2015 1 Journal of Regional Socio-Economic Issues, Volume 5, Issue 3, September 2015 Journal of Regional Socio-Economic Issues, Volume 5, Issue 3, September 2015 2 JOURNAL OF REGIONAL SOCIO- ECONOMIC ISSUES (JRSEI) Journal of Regional & Socio-Economic Issues (Print) ISSN 2049-1395 Journal of Regional & Socio-Economic Issues (Online) ISSN 2049-1409 Indexed by Copernicus Index, DOAJ (Director of Open Access Journal), EBSCO, Cabell’s Index The journal is catalogued in the following catalogues: ROAD: Directory of Open Access Scholarly Resources, OCLC WorldCat, EconBiz - ECONIS, CITEFACTOR, OpenAccess 3 Journal of Regional Socio-Economic Issues, Volume 5, Issue 3, September 2015 JOURNAL OF REGIONAL SOCIO-ECONOMIC ISSUES (JRSEI) ISSN No. 2049-1395 Aims of the Journal: Journal of Regional Socio-Economic Issues (JRSEI) is an international multidisciplinary refereed journal the purpose of which is to present papers manuscripts linked to all aspects of regional socio-economic and business and related issues. The views expressed in this journal are the personal views of the authors and do not necessarily reflect the views of JRSEI journal. The journal invites contributions from both academic and industry scholars. Electronic submissions are highly encouraged (mail to: [email protected]). Chief-Editor Prof. Dr. George M. Korres: Professor University of the Aegean, School of Social Sciences, Department of Geography, [email protected] Guest-Editor Dr. Maria Michailidis: University of Nicosia Editorial Board (alphabetical order) Assoc. Prof. Dr. Zacharoula S. Andreopoulou, Aristotle University of Thessaloniki, Faculty of Forestry and Natural Environment, School of Agriculture, Forestry & Natural Environment, [email protected] Dr. Stilianos Alexiadis, Ministry of Reconstruction of Production, Environment & Energy Department of Strategic Planning, Rural Development, Evaluation & Documentation Division of Documentation & Agricultural Statistics, [email protected]; [email protected]; Assoc. Prof. Dr. Maria Athina Artavani, Department of Military Science, Hellenic Military Academy, Greece, [email protected] Prof. Dr. Elias G. Carayannis: Professor School of Business, George Washington University, USA, [email protected]; [email protected] Prof. Dr. Christos Frangos, Professor of Statistics and Business Methods, Technological Institute of Athens, [email protected] Prof. Dr. George Halkos, Professor Department of Economics, University of Thessaly, [email protected] Ass. Professor Dr Vicky Delitheou, Department of Economics and Regional Development, Panteion University of Social and Political Sciences of Athens, Email: [email protected] Prof. Dr. Hanna Dudek: Professor Warsaw University of Life Sciences, [email protected] Prof. Dr. Richard Harris: Professor Durham University, [email protected] Assoc. Prof. Dr. George Gkantzias: Associate Professor in Cultural Management, New Technology University of the Aegean, [email protected] Ass. Prof. Dr. Marina-Selini Katsaiti, Assistant Professor Department of Economics & Finance, College of Business & Economics, United Arab Emirates University, UAE, [email protected] Journal of Regional Socio-Economic Issues, Volume 5, Issue 3, September 2015 4 Prof. Dr. Christos Kitsos, Technological Institute of Athens, [email protected] Dr. Dr. Aikaterini Kokkinou, University of the Aegean, Department of Geography, Greece, [email protected]; Prof. Dr. Elias A. Kourliouros, Professor Department of Geography, University of the Aegean, [email protected]; [email protected] Ass. Prof. Dr. Christos Ladias, Assistant Professor, Panteion University, Greece [email protected] Prof. Dr. Dimitrios Lagos, Professor Department of Business Administration, University of the Aegean, [email protected] Assoc. Prof. Dr. Charalambos Louca: Associate Professor & Head of Business Department, Director of Research Department, [email protected] Prof. Dr. Emmanuel Marmaras: Professor Technical University of Crete, [email protected]; [email protected] Prof. Dr. Ioannis Th. Mazis, National and Kapodistrian University of Athens, Faculty of Turkish Studies and Modern Asian Studies, School of Economics and Political Sciences, [email protected]; [email protected]; Ass. Prof. Dr. Maria Michailidis: Associate Professor & Dean, Department of Management & MIS, University of Nicosia, [email protected] Prof. Dr. Photis Nanopoulos, Former Director of Eurostat, [email protected] Prof. Dr. Nikitas Nikitakos, Department of Shipping Trade and Transport, University of the Aegean, Email: [email protected] Dr. Pablo Ruiz-Nápoles, Faculty of Economics, Universidad Nacional Autonoma de Mexico, [email protected] Assistant Professor Dr. Efstratios Papanis, Department of Sociology, University of the Aegean, [email protected] Assistant Professor Gerasimos Pavlogeorgatos (PhD), Department of Cultural Technology and Communication, University of the Aegean, [email protected] Prof. Dr. George Polychronopoulos, Professor and Dean School of Economics and Business, Technological Institute of Athens, [email protected] Prof. Dr. Kiran Prasad, Professor Sri Padmavati Mahila University [email protected]; [email protected]; Dr. Efthymia Sarantakou, Architect Engineer, adjunct lecturer at the Hellenic Open University and at the Technological Educational Institute of Athens, [email protected] Associate Professor Dr. Anastasia Stratigea, National Technical University of Athens, School of Rural and Surveying Engineering, Department of Geography and Regional Planning, [email protected] Prof. Paris Tsartas, Professor, University of the Aegean, [email protected] Prof. Dr. George O. Tsobanoglou, Prof. University of the Aegean, Department of Sociology, [email protected] Assoc. Professor Dr. George Tsourvakas, School of Economic and Political Studies, Department of Journalism and Mass Communications, Aristotle University of Thessaloniki, Email: [email protected] Prof. Dr. George Zestos, Christopher Newport University, [email protected] 5 Journal of Regional Socio-Economic Issues, Volume 5, Issue 3, September 2015 Table of Contents Editorial Board 3 Table of Contents 5 Editorial Note 6 Paper 1: ‘Smart’ Cities at the Service of Urban Sustainability – A Flavor of 7 the Mediterranean Experience (by Anastasia Stratigea and Maria Panagiotopoulou) Paper 2: The Relevance of Asian Development Bank: Existing in the 31 Shadow of the Asian Infrastructure Investment Bank (by Viktor Jakupec and Max Kelly) Paper 3: A Model to Measure SMEs Sustainable Procurement 47 Implementations from a Study of Western European Food and Beverage Companies (by Richard N. Lacroix, Lambros Laios and Sokratis Moschuris) Paper 4: Regional Disparities in Resource Allocation of Hospital Care in 80 Greece (by Athanasios Adamopoulos, Olga Gioti - Papadaki and Aris Sissouras) Paper 5: Spatial Planning & Economic Development of the islands: A 91 Benchmarking Study for Lesvos, Rhodes & Crete (by Korres, G. M., Pavlogeorgatos, G. and Kokkinou, A.) Paper 6: Economic Development and Congress Tourism: How Could Greece 112 be a Pole of Attraction (by Delitheοu Vasiliki and Dimitris Tsalavoutas) Book Review 123 Call for Papers 125 Instructions to Authors 126 Journal of Regional Socio-Economic Issues, Volume 5, Issue 3, September 2015 6 Editorial Note Current socio-economic developments, have renewed the interest for the role of regional development and spatial planning, underlining the interactions with socio-economic sustainability, technological change and socio-economic growth, worldwide. The reason is that these new developments lead to increase productivity of factors of production, contributing in the long-term improvement of competitiveness, innovation and entrepreneurial spirit. Socio-economic sustainability, through competitiveness and growth enhancement, upgrading the production infrastructure and organization through capital equipment, state-of- the-art knowledge, and human capital investment, combined with innovative, along with technology-based production processes are among the most important issues of today’s socio- economic analysis. Within this framework, socio-economic development increasingly relies on information and knowledge, and creates value through their ability to manage these valuable assets. This Volume 5, Issue 3 of the Journal of Regional Socio-Economic Issues considers these above-mentioned issues, providing both an economic and social perspective to increase the information base and derive broader conclusions about the social consequences of the economic crisis. For this reason, this issue is considered to be of particular research relevance because evidence shows that even though economic crisis has been widely analyzed with respect to economic consequences, yet little attention has been paid to the evaluation of social consequences. More specifically, this Issue of the Journal of Regional Socio-Economic Issues covers the following sections: ‘Smart’ Cities at the Service of Urban Sustainability – A Flavor of the Mediterranean Experience (by Anastasia Stratigea and Maria Panagiotopoulou) The Relevance of Asian Development Bank: Existing in the Shadow of the Asian Infrastructure Investment Bank (by Viktor Jakupec and Max Kelly) A Model to Measure SMEs Sustainable Procurement Implementations from a Study of Western European Food and Beverage Companies (by Richard N. Lacroix, Lambros Laios and Sokratis Moschuris) Regional Disparities in Resource Allocation of
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