Journal of Academic Research in Economics (JARE) appears under the auspices of Spiru Haret University , Constanta branch. Academic and financial support is provided by the Accounting and Financial Management faculty of the university. ISSN 2066-0855 Journal of Academic Research in Economics is indexed in: Central and East European Online Database CEEOL Research Papers in Economics RePEc Academic Papers Database Contemporary Research Index Current Index to Scholarly Journals Digital Journals Database Directory of Academic Resources Elite Scientific Journals Archive Recent Science Index Scholarly Journals Index Scientific Publications Index Scientific Resources Database The journal addresses scholars (professors and researchers) and practitioners who work in the field of economics or business. The research areas of the papers can comprise a wide range of subjects in economics: Management, Marketing, Finances, Accounting and other interdisciplinary subjects. Our aim is to constantly be a proven source of accurate information within the aformentioned fields. We strongly encourage the young students enrolled in different Master and PhD academic programs to publish in our journal results of their research projects. All articles submitted to our journal are peer-reviewed to ensure that high quality scientific material is published.