JOURNAL OF ACADEMIC RESEARCH IN ECONOMICS ISSN: 2066-0855 FREQUENCY: Three times a year Journal of Academic Research in Economics (JARE) appears under the auspices of Spiru Haret University, Constantza branch. Academic and financial support is provided by the Accounting and Financial Management faculty of the university. 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 aforementioned 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. PEER REVIEW POLICY: All papers in this journal have undergone editorial screening and anonymous double-blind peer review. All material submitted to our journal will be reviewed by the Editorial team. Papers may be rejected without full peer review, remaining papers will be sent for external peer review. Our journal operates a double-blind peer review process and aims to provide rapid peer review with papers receiving a first decision within an average of 45 days. Authors may be requested to produce the data on which their manuscript is based (or associated documents, e.g. ethical approval letter) by the Editor(s) or their assignee for examination. All submitted manuscripts are treated as confidential documents. They may be reviewed by the Editors, Editorial Office staff and assigned peer reviewers unless otherwise permitted by the authors. By accepting to review a manuscript, referees agree to treat the material as confidential. For articles in which the Editor/Associate Editor has a conflict of interest, they are obliged to withdraw from the decision-making process.