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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…
Pradana M. Bandula Jayathileke, Rathnayaka M. Kapila Tharanga Rathnayake
The link between inflation and economic growth is one of the most important controversies in the economic literature. This paper investigates the short-run and the long-run relationship between the economic growth and the inflation of three Asian courtiers ov…
Philippe Gilles, Marie-Sophie Gauvin, Nicolas Huchet
In the literature, the question of central banks’ responsibility for triggering crises is raised when sustainable low interest rates lead to excessive banks’ risk exposures. However, such portfolio choices mainly depend on the various returns of assets and on…
Yi-Jang Yu
Asset pricing under the certainty equivalent approach framework always raises the current value of the asset with the riskless rate first, followed immediately by risk adjustments. Clearly, this type of arrangement does not apply to assets that are expecting…
Dongsheng Li, Qiulin Yang, Deqiang Yu
In order to evaluate the enterprise social responsibility scientifically, this paper constructed an enterprise social responsibility evaluation indexes system composed by five first class indexes (environmental protection, resources utilization, economic bene…
Charles Ackah, Festus Ebo Turkson, Kwadwo Opoku
In this paper, we measure trade costs for ECOWAS countries and infer their impact on trade flows. The paper applies an unconditional general equilibrium trade model consistent with the Ricardian and heterogeneous firms’ models of trade to estimate a trade cos…
Abdullah Al Mamun, Qaiser Rafique Yasser, Md. Ashikur Rahman
Agency theory predicts that the Chief Executive Officer (CEO) and the chairman positions should be held by different individuals in order to protect shareholder’s interest. Though there are mixed evidences on CEO duality and firm performance, most research ha…
Yu Hsing, Abul M. M. Jamal
We estimate the money demand function and the money supply function for Canadasimultaneously by the three-stage least squares method. The inflation gap and the output gap are incorporated in the money supply function. Real money demand is positively affected…
Kenji Azetsu, Seiji Yamada
Patent pools are established by the patent holders in order to promote R & D and technological standards, etc. This pa per investigates the patent holders’ incentive to form a patent pool, the patent pool’s licensing behavior, and the anti competitive effect…
Ignacio Ortuño-Ortin, Andrés Romeu
In this paper, we analyze the role of income as a determinant of parents’ care for children. We show that the answer depends on whether Altruism or Exchange motives are the factors that explain intergenerational transfers. We then develop a test to discrimina…
Gouranga G. Das
Developing a three-sector and four-factor general equilibrium model, this paper offers an explanation of wage inequality in a vertically fragmented production structure typical of off-shore outsourcing to developing countries like ChinaorIndia. The model char…
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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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