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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…
Oscar Varela
Normal trade in goods assumes two sectors that co-exist for reasons such as comparative advantage and interact via trade. Arbitrage trade in goods assumes two markets that artificially exist and converge via trade. Restoration of the law of one price via arbi…
Xiang Gao
Market system experienced two stages: classical market system and modern market system. In the meantime, enterprise institution also achieved a great change from classical enterprise institution, company institution to modern company institution. In the evolu…
Sergio A. David, Clivaldo Oliveira, Derick D. Quintino
The growing internationalization of markets, backed by the free movement of capital flows, has redefined the past quarter century’s business strategies and tends to continue driving economic and financial integration throughout this century. In this context,…
Neil Dias Karunaratne
The dynamic process of economic globalization and deglobalization has been occurring in “waves” over the past 250 years. Diffusion models reveal how globalization policies occupy the policy-centre stage when the global economy is booming and is cast on the ba…
Bartosz Kurek
The aim of the paper is to empirically assess whether capital growth rates (defined as in the paper) realized by companies constituting Standard & Poor’s indices: S&P 600, S&P 400 and S&P 500 were higher in years prior to crisis, i.e. in years: 2007, 2006, 20…
Félix-Fernando Muñoz, María-Isabel Encinar, Carolina Cañibano
This paper suggests that understanding questions such as those related to Corporate Social Responsibility (CSR) requires economic theorizing to include in its explanatory models the very fact that (economic) agents have their own distinctive conception of how…
Arindam Banik, Rabia Khatun
This paper uses cointegration and vector error-correction models to analyse the causal relationship between education and development across select Indian states using annual data from 1980-81 to 2008-09. Expenditure on education per capita is used as the pro…
Amornrat Amornrat Apinunmahakul, Vicky Barham
This paper studies strategic interaction between rival charities providing multiple public goods, highlighting the role of fundraising campaigns in influencing donor decision-making. The analysis suggests that, even when charities honor donor designation, soc…
Wautabouna Ouattara
The purpose of the present study is to analyze the public expenditure contribution to the improvement of the profitable economic growth to the poor in Cote d’Ivoire. The paper tried to show out the explanatory power of the government actions concerning the po…
Sasatra Sasatra Sudsawasd
This study employs a gravity model of bilateral trade flows at the one-digit level of the standard international trade classification (SITC) product categories over the period of 1996 to 2005 to provide an empirical assessment of regional trade integration in…
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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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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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