SOCIAL PROTECTION IN GREECE AND SUSTAINABLE DEVELOPMENT LEAVING NO ONE BEHIND

Sustainable development leaving no one behind and social protection in line with its institutional framework are crucial for the well-being of local communities. The literature shows, however, that a general and growing recognition of sustainable development alone does not provide equal opportunities to different segments of society. Our research found that in Greece regions and local communities clearly have an important role to play in the development of new social protection policies for sustainable and inclusive growth. The key challenges for defining inclusive and sustainable development for social protection policies in Greece are highlighted. Reforms are proposed for inclusive and sustainable development policies that are likely to contribute to regional and local social protection. The conclusions identify key reform principles that will promote a holistic social protection policy in the context of local sustainable development leaving no one behind.

Anastasios SEPETIS - Professor Assistant, Department of Business Administration, University of West Attica, Athens, Greece. tsepet@uniwa.gr

Algis KRUPAVIČIUS - Professor, Faculty of Public Governance, Mykolas Romeris University, Lithuania. algis.krupavicius@mruni.eu, (Corresponding Author)

Christos Ap. LADIAS - Professor, Regional Science Inquiry Journal ladias@rsijournal.eu

R10, Q01, Q50, G10, G30, H10, H30, H70

THE INSTITUTIONAL IMPACT ON TOURISTIC INDUSTRY IN SOUTHERN EUROPEAN UNION COUNTRIES

The tourism industry in Southern European Union (EU) countries is a critical economic sector, significantly contributing to GDP and employment. This paper investigates the role of institutional factors in shaping the tourism industry in these regions, examining how governance, regulatory frameworks, and policy measures influence tourism development. The study focuses on evaluating the institutional impact on tourism through qualitative and quantitative analyses. The findings underscore the importance of effective governance and robust institutional frameworks in fostering a resilient and competitive tourism sector. This research explores the impact of institutional quality on tourism development in a panel of southern countries within the European Union over the period. Tourism development is evaluated using the number of tourist arrivals, with control variables such as GDP growth rate, inflation, higher education, quality of the environment, and trade, representing key determinants of tourism. Institutional quality is gauged using indicators of government effectiveness, political stability, regulatory quality, rule of law, and voice and accountability. The study utilizes the Fully Modified Ordinary Least Square (FMOLS) and Dynamic Ordinary Least Squares (DOLS) estimators to assess the influence of these determinants on tourism development. The findings demonstrate a positive correlation between institutional quality and tourism, providing valuable insights into the role of institutions in tourism management and their impact on the sector.

Fejzulla BEHA - Professor Assistant, Departament of Business and Management, Universum International College, Pristina, Kosovo. fejzulla.beha@universum-ks.org

Antoneta POLO - Associate Professor, Faculty of Economics, University “Eqrem Çabej”, Gjirokastra, Albania. neta_polo@yahoo.com

Carolina PALMA - Professor Assistant, Instituto Politécnico de Beja, Portugal. carolinapalma6f@hotmail.com. (Corresponding Author)

E60, O40

USEFULNESS OF TECHNICAL ANALYSIS IN THE FOREX MARKET: THE EUR/USD PAIR

Financial forecasting is a topic of great interest to the economic and academic community. The ability to predict currency market movements in advance has financial benefits for investors as well as companies. Technical analysis is one of the most well-known methodologies that investors use in financial markets, with the purpose of predicting the direction of asset prices through the analysis of their price history (Hudson & Urquhart, 2021). Therefore, to prepare this study, we sought to study the applicability and usefulness of technical analysis in the foreign exchange market, using, for this purpose, some of the most used tools among investors, namely, trends, supports and resistances, Fibonacci retracements and graphic patterns (Chen, 2010 e Dumiter & Turcaș, 2023). The tools available for technical analysis were applied to the EUR/USD currency pair in 2019. In this study, it was possible to validate the technical analysis tools covered and prove the applicability and usefulness of technical analysis in the foreign exchange market. The tools available for technical analysis, trends, trend and channel lines, support/resistance zones and Fibonacci retracements have demonstrated their validity, as they are useful in predicting possible trend reversal/continuation zones. Reversal chart and candlestick patterns demonstrated their validity, since when found on the charts of the pairs under study, it was possible to verify their effectiveness in predicting trend reversal. Graphic continuation patterns also demonstrated their validity in predicting trend continuation, since after its break, the trend direction prevailed.

Miguel LAMPREIA - Professor Asistant, Faculty of Economics Instituto Politécnico de Beja, Portugal. E-mail:lampreia16@gmail.com

Erjola BARBULLUSHI - Professor Assistant, University “Luigj Gurakuqi”, Shkoder, Albania. erjola.barbullushi@unishk.edu.al

Ismet VOKA - Professor Assistant, Faculty of Economics European University of Tirana, Albania. E-mail:ismet.voka@uet.edu.al, (Corresponding Author)

E12, E4O