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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…
Wen Chang, Mien-Ling Chen, Chi-Ying Chiao
Questionable accounting practices, sometimes, cause from misusing the concept of materiality to manage their reported earnings. The purpose of this study is to examine the attitudes of accountants concerning the acceptability of 14 questionable accounting pra…
Alireza Keikha, Ahmadali Keikha, Mohsen Mehrara
The principle aim of this investigation is the study of fluctuations of oil prices impacts on economic growth of oil-dependent countries with respect to institutional quality. For this purpose we use panel cointegration methodology and error-correction model…
Juan Carlos Molero, Francesc Pujol
This paper offers further evidence to “The Economist” index of economic power developed by Pujol (2002, 2003, and 2009). The original index is composite by construction and it gives information about year 2000, comparing the results with year 1990. Testing th…
Jack E. Riggs, Jeffrey C. Hobbs, Gerald R. Hobbs, Todd H. Riggs
US national healthcare expenditures (NHE) displayed cubic growth dynamics between 1960 and 2000. In any year, current NHE must equal population times consumer price index (CPI) times per capita CPI-adjusted constant dollar healthcare expenditures. Cubic growt…
Pierre-André Jouvet, Gilles Rotillon
Since the Kyoto Agreement, the idea of setting up pollution rights as an instrument of environmental policy for the reduction of greenhouse gases has progressed significantly. But the crucial problem of allocating these permits in a manner acceptable to all c…
Hatthachan Phimphanthavong
The main purpose of this paper is to identify some reasons behind the economic performance of regions in Laos, especially the impacts of economic transformation from a central-planned economy to market-oriented under New Economic Mechanisms (NEMs) reform in 1…
Tao Wang, Jin Liang, Xiaoli Yang
In this paper, under the reduced form framework and “Bottom Up” method, a model for pricing a basket Loan-only Credit Default Swap (LCDS), with the negative correlation between prepayment and default, is established. A general pricing formula for it is obtain…
Apostolis Katsinos, Theodore Mariolis
This paper uses simple dynamic input-output price models to estimate the effects of a switch to devalued drachma on the cost-inflation rate in the Greek economy. The findings suggest that the inflationary “pressures” are not too high and, therefore, there is…
Carl-Gustav Melén
Changes in the interest rate and the capital cost will influence important characteristics of investments, such as the expected life time, the factor intensity and the factor productivity of new capital goods. When Harrod-neutral technical progress is endogen…
Hassan Shirvani, Bahman Mirshab, Natalya Delcoure
We perform robust bilateral Granger causality tests for the US stock prices, home prices, and private consumption. The robust test procedures involve the use of recently developed time series analysis of non-stationary data with possible structural breaks. We…
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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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