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Modern Economy (ME) is an international journal dedicated to the latest advancements in all areas of international economics. The goal of this journal is to provide a platform for scientists and academicians all over the world to promote, share, and discuss various new issues and developments in different areas of mod…
William Carlson, Conway Lackman
In 1958 Modigliani and Miller published one of the most significant papers in finance on the cost of capital. It presented the capital structure irrelevance theorem which states that the cost of capital is independent of capital structure. It implies that the…
Bhekuzulu Khumalo
Knowledge has always been the primary resource of human beings. The economy has always been a knowledge economy. For those having a firm grasp of knowledge know that using a stick to fend off a wild beast takes knowledge, just as landing a robot on mars takes…
Jiayou Wang
This paper analyzes the motivator and obstructive elements influencing trade of four kinds of vegetable oil by using the generalized gravity model. The balanced panel dataset used in the analysis includes bilateral trade spans 80 countries for the period from…
Qiong Zhang
Given the background of enterprises facing with rising labor costs and shortage of human resources, we use a large sample of firms in China during 2004-2011 to test the sticky characteristic of labor cost. We also test the effect of labor protection on cost s…
Z. T. Abdallah
This paper focuses on the impact of the concurrent liberalization of current and capital accounts and quality institutions on stock market development. Using annual data from 1996-2013 for a panel of fifty three (53) developed and developing countries and uti…
Thai Thanh Ha
Very little research has been conducted on the performance of e-Government across countries. They are theoretically focusing on the public value-based conceptual framework, resulting in the lack of empirical evidence on its validity. As for Vietnam, evaluatin…
Hong Liu, Shuang Shao
In this paper, the ARMA model is used to analyze the sample of India’s weekly tea auction price in the year 2013 to 2014. First, the data were tested for stability, autocorrelation and partial correlation test, and the ARMA (1, 1) model was established. Then,…
Doron Greenberg, Ze’ev Shtudiner
When choosing a particular alternative from a number of financial assets, risk is an important feature. According to the classic Capital Assets Pricing Model (CAPM), we would expect to receive a positive correlation between risk and return of financial assets…
Qi Zou
This paper presents the economic cooperation between Mainland China and Hong Kong in the past years since Hong Kong’s return in commodity trade, investment, and service trade, and then calculates the trade combined degree. Based on the data from 1994 to 2013,…
Xiaolong Zhang
Based on the theory of heterogeneous enterprise trade and enterprise micro-data, this paper investigates the influence of direct export and indirect export on enterprise productivity, and explains the knowledge spillovers of the hypothesis of “learning by exp…
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Modern Economy (ME) is an international journal dedicated to the latest advancements in all areas of international economics. The goal of this journal is to provide a platform for scientists and academicians all over the world to promote, share, and discuss various new issues and developments in different areas of mod… All articles are open access under a CC BY 4.0 licence, with authors retaining copyright.
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