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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…
Federico Guerrero, Elliott Parker
We consider whether there is statistical evidence for a causal relationship between federal government expenditures and growth in real GDP in the United States, using available data going back to 1791. After studying the time-series properties of these variab…
Yu Xia, Chao Xu, Danhui Guan, Zongfang Zhou
Related party transactions make the credit risk proliferate rapidly in the network formed by the transactions. Not only it will be more difficult for the enterprise Groups to control themselves, but also it will be more challenging for the crediting commercia…
Jangryoul Kim, Gieyoung Lim
This paper reexamines the long run effects of the 1997 Asian crisis on the Korean economy. Using unobserved components models subject to Markov regime-switching, we address two questions:1) whether the output losses of Koreaduring 1997-1998 were permanent or…
Behnam Maleki, Farhad Mirzaei
Iran’s dependence on oil revenues has caused severe impact of commodity price fluctuations on the currency revenues and any reduction in export prices has led into a deficit in the country’s balance of payments. Accordingly, it was in the past years and espec…
Gerald Aranoff
This paper proves mathematically in a defined model with restrictive assumptions that consumers are better off when they have more food for the Sabbath at the expense of having less food for the other six days of the week! Like the manna that fell from heaven…
Zhaohui Zhu, Feng Huang
Technological innovation by R&D is at the core of business strategy for firms to compete in the competitive market. This paper tests the correlation between firms R&D investment intensity and the one-year lagged performance of Chinese Listed IT firms, and sug…
Jinpeng Ma
The modern Phillips curve is about the relationship between inflation and unemployment and has been the center of a fierce debate in economics over fifty years. This paper reports empirical evidence that uncovers some of its mysteries. The rate of inflation a…
Saikou E. Sanyang
In the Gambia, the agricultural sector contributes 33% to GDP, and 85% of the labor force are engaged in agricultural activities including crop and livestock production. The method of data collection for this research was non-probability using judgmental samp…
Yang Xu, Xiaoling Yuan
Since the reform and opening up, FDI has made a significant contribution to China’s economic development; however, the crowding-out phenomenon appears inevitably in some districts and industries where FDI enters intensively. Confronted with the new environmen…
Andrés Maroto, Luis Rubalcaba
One of functions of the modern public states for improving dynamism in the economic system is the use of their support to cope with the market and systemic failures created in the innovation area: the R&D promoted by public administrations can be considered a…
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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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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.
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