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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…
M. Ataman Aksoy, Francis Ng
This paper decomposes manufacturing import growth rates in a selected set of large industrial and developing countries (five industrial and eight developing) and measures the relative contributions of domestic demand and market share changes for two separate…
Eric Kam
This paper demonstrates the effects of modeling an endogenous rate of time preference and two cash-in-advance constraints. If the constraint is levied on consumption and capital goods, time preference effects are neutral and cash-in-advance constraint effects…
Yasuhiko Nakamura
This paper explores the capacity choice for a public firm that is a welfare-maximizer and for a private firm that is a pure-profit-maximizer in the context of a price-setting mixed duopoly with a simple mechanism of network effects where the surplus that a fi…
Mohammad Ramadhan, Abdulhameed Hussain, Reem Al-Hajji
This paper aims to examine the absorptive capacity of Kuwait ’ s economy over the period (1970-2010). The paper will expand on the analytical framework to estimate the absorptive capacity of the Kuwaiti economy developed previously by the main author. The abs…
John Ulimwengu, Prabuddha Sanyal
The creation of a union is often rationalized on grounds of moving the equilibrium toward the first best solution whenever independent policies generate spillovers. This arises as a common agenda can significantly reduce the scope of free-riding behavior amon…
Meri Melkonyan
The paper examines the consolidation problem in a model characterized by non-contractible, relationship specific investments, transferable and non-transferable payoffs, and ex post actions that are chosen after the uncertainty in the model is realized. We det…
John F. McDonald
The paper examines the case of splitting a defaulted mortgage loan on a commercial property into an A note that earns interest and a B note that earns a return only if the value of the property increases. The B note is known as a “hope note.” The paper shows…
Mario Arturo Ruiz Estrada
This research paper presents a new model of analysis to study the trend of regional integration from a global perspective. This new model is called the Global Dimension of Regional Integration Model (GDRI-Model). The rationale for the creation of this model i…
Mario Arturo Ruiz Estrada
The rationale of Econographication revolves around the efficacy of multidimensional graphs as the most effective visual tool to understand any economic phenomenon from a multidimensional view. The main motivation behind the creation of Econographication is to…
Jean-Jacques Tony Ekomie
This article identifies cycles of Gabon GDP, those of its main components (consumption, investment, government spending, exports and imports), and their characteristics (duration, severity and depth), using a band - pass filter and according to the algorithm…
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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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