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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…
Wei Wang, Jinfeng Wang, Zhihao Wang
At present, total rural labor force is about 450 million in China, accounting for about 74% of the total social labor force. According to incomplete statistics, the current working time of each rural labor force less than 100 days each year, of which about 40…
Farhad Mirzaei, Syed Mostafa Mostafavi, Saeed Yazdani
The potential impact of a liberalization of global trade on developing nations is a controversial subject. The liberaliza-tion of global agricultural trade, in particular, has been the focus of the debate for many years now and is part of the current WTO nego…
Lorenzo Bencivelli, Andrea Zaghini
In the paper we propose an assessment of the role of financial innovation in shaping US macroeconomic dynamics. We extend an existing model by Christiano, Eichenbaum and Evans which studied the transmission of monetary policy im- pulses to business and corpor…
Antonin Rusek
The equilibrium real exchange rate is the one of the key concepts in the macroeconomic and policy analysis. The im-portance of this concept yet increases in a currency union. In general, the real exchange rate misalignments are per-ceived to be the causes of…
Hui Huang, Yiming Wang, John Whalley, Shunming Zhang
We present a model of combined inter-spatial and inter-temporal trade between countries in which there is a fixed ex-change rate with a surrender requirement for foreign exchange generated by exports. The model incorporates inter- temporal intermediation serv…
Tianquan Yun
The purpose of this paper is application of the instant diffusion equation to the calculation of strategy on changing of owning shares or currencies. The strategy of selling share(s) with maximum changing rate of price-ratio and purchasing share(s) with minim…
Oluremi Davies Ogun
This paper identifies the determinants of nominal exchange rate movements in less developed countries operating the flexible exchange rate system. Factors peculiar to such countries which are believed to potently drive their nominal ex-change rates are incorp…
Zhengwei Wang, Wuxiang Zhu
The “Supply-side effect” on financial management caused by market imperfection has increasingly been concerned. During the transition period, there is strict securities regulation in China’s capital market, which brings the supply-side constraints to corporat…
Willie Lahari
This analysis re-kindles the debate on the feasibility of a Pacific Islands currency union in view of the recent expansion and consolidation of regional strategies such as the Pacific Plan and the PACER Plus. Limited consideration has been given to the propos…
Pornpen Vora Sittha
The objective of this study is to find out how Thailand achieves her economic growth along with poverty reduction without good governance practice. The relationships among economic growth, poverty indicators and governance indi- cators are computed by using P…
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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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