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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…
Michael Herrmann
Why do studies that examine population aging always come to the same conclusions? Regardless of whether these studies focus on Japan or Germany, Northern Europe or Southern Europe, the developed economies or emerging market economies, they typically suggest t…
Genoveva Millán Vázquez de la Torre, Luis Amador Hidalgo, Juan Manuel Arjona Fuentes
Tourism is one of the most enriching experiences, and even more so if it involves a rural habitat, in contact with the environment. This kind of tourism, one of the most requested by society currently, offers a great chance for developing rural areas. Rural t…
Pilar Ficapal-Cusí, Joan Torrent-Sellens
The aim of this paper is double. First, it provides a conceptual framework and modelling of the relationship between human resource management (HRM) systems and non-based-knowledge firms. Second, using survey data on 1.518 Catalan firms (in Spain, with capita…
Taiwo Akinlo, Olumuyiwa Tolulope Apanisile
This study examined the relationship between insurance and economic growth in sub-Saharan Africa over the period 1986-2011. Pooled OLS, Fixed Effect Model and Generalized Method of Moment Panel Model were employed in the estimation. The estimations of the dyn…
Michael Herrmann
The greatest challenge of the century is to meet the needs of current and future generations, of a large and growing world population, while at the same time ensuring the sustainability of the natural environment. The current development model places unsustai…
Insah Baba, Ofori-Boateng Kenneth
The relationship between interest rate, real money balances and real output may be explored in an IS-LM framework. The objective of this study is to explore the connection between real interest rate, GDP and real money balances. It also empirically tests for…
Ezra Davar
This paper shows how flaws in Keynes’s General Theory render it irrelevant and inapplicable to real world. First of all, Keynes’s macro model is an incomplete and imprecise. Second, Keynes’s definitions of full employment, voluntary unemployment and involunta…
Pedro V. Garay, Yacob A. Zereyesus, Alexi Thompson
The paper aims at examining the relationship between the allocations of funds at the local government level and the economic well-being of citizens. The results of this study help shed light on ways to get the best out of every dollar spent by local governmen…
Bingxin Yu, Xiyuan Liao, Hongfang Shen
This paper decomposes the Malmquist productivity index into several assembling components: technical change (further break down into technical change magnitude, input bias and output bias), technical efficiency change, scale efficiency change, and output-mix…
Alexi Thompson
This paper looks for evidence of an environmental Kuznets curve for water pollution in countries that share major rivers as their border. The data in this paper consist of a panel of 21 years and 30 countries, seven of which are border countries. The turning…
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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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