Applied Economics and Finance (AEF) would like to acknowledge the following reviewers for their assistance with peer review of manuscripts for this issue. Many authors, regardless of whether AEF publishes their work, appreciate the helpful feedback provided by the reviewers. Their comments and suggestions were of great help to the authors in improving the quality of their papers. Each of the reviewers listed below returned at least one review for this issue.Reviewers for Volume 8, Number 5 ALI DARUB KASSAR, Univ. of Baghdad, IraqAndrey Kudryavtsev, The Max Stern Yezreel Valley Academic College, IsraelAndualem Ufo Baza, Wolaita Sodo University, EthiopiaIan McFarlane, University of Reading, UKMarco Muscettola, Independent Researcher-Credit Risk Manager, ItalyPayal Chadha, University of Wales Prifysgol Cymru, KuwaitRajeev Rana, APB Govt. P.G. College, IndiaRichard Nguyen, Alliant International University, USASebastian Schich, Organisation for Economic Coopertaion and Development (OECD), FranceVictoria Cociug, Academy of Sciences of Moldova, MoldovaZi-Yi Guo, Wells Fargo Bank, N.A., USA Nikki GibbsEditorial AssistantOn behalf of,The Editorial Board of Applied Economics and FinanceRedfame Publishing9450 SW Gemini Dr. #99416Beaverton, OR 97008, USAURL: http://aef.redfame.com