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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…
Raul Gouvea, Gautam Vora
This article uses a sample of 44 countries to assess their export performance over the period 1988-2012, using the single-index model, a part of the modern portfolio theory. The article builds four clusters of countries classified by the dominance of exports…
Ernesto Rangel, Angel Licona
The Pacific Alliance (PA) was constituted on April 28, 2011 by Mexico, Colombia, Chile and Peru. It represents a market of 209 million people with a GDP of over 2 billion USD. It has more than 35 percent of GDP in Latin America and concentrates 50 percent of…
Gieyoung Lim
The primary purpose of this paper is to construct and estimate an econometric model for the Jonsei-to-Purchase price ratio (JPR), and to draw implications for the development in the Korean housing market. In particular, we are interested in: a) identifying re…
Dina Rofael, Rana Hosni
The underlying study focuses on estimating and forecasting the volatility of exchange rate in Egypt based on ARCH type models and the State Space (SS) models, namely; the Stochastic Volatility (SV) and the Time-Varying Parameter (TVP) models. Moreover, the pa…
Rebecca Abraham, Charles Harrington
This study constructs a consumption profile for the Generation Y age cohort using responses to the Consumer Expenditure Survey furnished by the Bureau of Labor Statistics from the financial crisis period. This generation was theorized to employ both economic…
Mahkame Megan Khoshyaran
The intent of this paper is to show that for the capitalist system to survive some specific form of economic activities have to be practiced. These economic activities are introduced in this paper in the form of economic theorems. Their existence and credibil…
Sang-Mok Kang, Moon-Hwee Kim
This paper intends to obtain the short-run average cost minimization and capacity utilization over 34 regional public hospitals in South Korea from 2007 to 2010 using Data Envelopment Analysis (DEA). Also, it explores the average cost for each hospital in ord…
Joshua M. Pearce, 1 1
With the maturation of digital manufacturing technologies like 3-D printing, a new paradigm is emerging of distributed manufacturing in both scientific equipment and consumer goods. Hardware released under free licenses is known as free and open source hardwa…
Charles Adusei, Dadson Awunyo-Vitor
This study investigates factors influencing stock-out occurrence in retail shops in Kumasi Metropolis in Ghana. The study sampled two hundred and forty four retail outlets located in the central business areas of Kumasi Metropolis. A well structured questionn…
José L. Gallizo, Ana Vendrell Vilanova, Manuel Salazar
This study develops a dynamic model of optimization of the value of the company following the postulates of the theory of Trade-Off. The model includes Bystrom formulation for calculating the cost of bankruptcy in the search the optimal debt. Our model is inn…
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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.
Authors submit their manuscript, metadata, and declarations through the portal. There is no submission fee.
The editorial office screens the manuscript for scope, completeness, and formatting before assigning a handling editor.
At least two independent reviewers evaluate the manuscript under single-blind review. Where revisions are required, authors respond point by point.
On acceptance the article processing charge is invoiced and the CC BY 4.0 copyright handover is signed.
The article is copyedited, typeset, and given a DOI, then publishes open access with a permanent link.
Manuscripts must be original and not under consideration elsewhere. Submit in Microsoft Word or LaTeX with figures at 300 dpi minimum. Structure research articles as Abstract, Introduction, Methods, Results, Discussion, and References.
Use the journal's numbered (Vancouver) reference style. Cite sources consecutively in the order they appear, and ensure every reference is complete and retrievable.
Declare all funding sources, conflicts of interest, and ethical approvals (including informed consent and animal-care statements where applicable).