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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…
Baoqian Wang, Cheng Wang, Xikun Zhang
According to the historical time series data of commercial interbank, this paper examines the interest rate fluctuation distribution characteristics, indicating that EGARCH Model can better fit the rate volatility of the interbank market interest. This paper…
Satoru Fujishige, Zaifu Yang
We consider a practical market model in which all commodities are inherently indivisible and thus are traded in integer quantities, or consumption choices are available only in discrete quantities. We ask whether a finite set of price-quantity observations sa…
Jason Jones
A model of circumstances that can lead to changes in the way a fiscal authority conducts policy after joining a monetary union is presented and empirically tested for the euro area. According to the model consolidation fatigue, shock asymmetry, or differences…
Jian Wang, Xuejun Zheng
The size of the profit in a firm or a production system not only depends on the quantity of inputs and outputs, but also depends on the market structure that means the market is perfect competition or imperfect competition. In general, the relationship betwee…
Miguel D. Ramirez
This paper addresses the important question of whether public investment spending and inward foreign direct investment (FDI) flows enhance economic growth and labor productivity in Argentina. The paper estimates a dynamic labor productivity function for the 1…
Hui Zhao, Ximin Rong, Weiqin Ma, Bo Gao
This paper studies the optimal investment problem for utility maximization with multiple risky assets under the constant elasticity of variance (CEV) model. By applying stochastic optimal control approach and variable change technique, we derive explicit opti…
Viorica Chirila, Ciprian Chirila
The idea of business cycles asymmetry is not new in economic theory. According to business cycles asymmetry, a country’s economy behaves differently during economic growth periods as compared to economic recession periods. The results achieved by business cyc…
Zongfang Zhou
We proposed an improved fuzzy ISODATA algorithm for credit risk assessment of the emerging information technol-ogy enterprise in this paper. Firstly, as the uncertainty of the EIT enterprise is relatively large, we set a reference sample and an initial cluste…
Hisham H. Abdelbaki
This research investigates the income inequality and education inequality that still capture the interest of economists, socialists and politicians for its clear impact on all fields in the national economy. The main findings of the research are: first there…
Sokchea Lim
The paper uses a dual-currency search theoretic approach to demonstrate that it is possible to induce the acceptance of a local currency in a dollarized economy. In the model, we assume that a foreign currency is in full circulation and the government policy…
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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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