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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…
Andreas Liening
This article is an introduction to complexity theory, which will be discussed using the example of economic science. In this context, a short historical overview is intended to demonstrate why the traditional mechanistic worldview persistently remains a part…
Mieczysław Dobija, Bartosz Kurek
Economic thought still confronts with new problems arising together with the advancement of civilization. Economic matters are driving forces of human interactions so economics is expected to reveal why people, companies, banks, and governments behave in part…
Hideki Murakami
The purpose of this research is to investigate the dynamic changes in the competition between air carriers by applying a revised conduct parameter method. We examin e the cases of Southwest Airlines and America West Airlines due to the availability of data. O…
Yasuhiko Nakamura, Masayuki Saito
This paper analyzes the capacity choice issue under a price-setting mixed duopoly with differentiated goods, when the objective function of the private firm is its relative profit. In this paper, we show that the public firm chooses over-capacity irrespective…
Pamphile Mezui-Mbeng
This article analyzes potential interactions between cyclic fluctuations in credit and activity in countries of the Economic and Monetary Community of Central Africa (EMCCA). Cycles are extracted by using a pass-band filter, then characterized over the period…
Wan-Ping Yang, Ban Lan, Kunshi Zheng
Based on the features of energy consumption and economic development in China , since single pollutant can hardly express the situation of environmental pollution, we propose a pollution emissions index that can reflect the level of environmental quality, mea…
Georgios L. Vousinas
The present study undertakes a critical review of the research around the major issue of the transmission channels between financial sector and real economy. The aim of the study is to shed light on the interaction between the financial system and the economy…
Raufhon Salahodjaev, Evgenia Gorlova, Adilova Shoira
Over the last decades, technological advances have been the most important determinant of growth rate for many countries. Recent studies have been focused on explaining growth rates of countries through endogenous technological change. However there is limite…
Masayuki Otaki
Determining which production resources embody various business skills is a very important issue not only for the investment function theory but for the theory of firm. Uzawa regards these nurtured skills as being entirely attributed to real capital and establ…
Eduardo Loría
It has been widely accepted that in Mexico, the 2009 crisis has been the worst ever since The Great Depression (in the1930’s) with the only argument being the abrupt fall in GDP. Our main conclusion is that the 1995 crisis was more severe due to its further n…
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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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