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Call for papersThe 2026 special issue on Climate & Health is open for submissions.Learn more
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…
Minh Quang Dao
This paper examines the impact of security on economic development in developing countries. Based on data from the World Bank, we use a sample of thirty-eight developing economies and find that security does affect development in these countries. We observe t…
Yaojun Yao
Modern financial development theories suggest that, financial development can promote technological progress and long-term economic growth. Based on the Chinese mainland provincial panel data, the paper tests empirically the relationship between financial int…
Maud Tixier
Customer loyalty in mountain resort luxury hotels is truly challenging; it presents specificities, obstacles and limits. We shall base our findings on the example of Courchevel, located in the Savoie region, in France, a resort renowned worldwide for its conc…
Jacob Assa
Common (neoliberal) wisdom warns against the detrimental effects of demographic changes and fiscal pressures on traditional (both defined-benefit and public) pensions and urges a paradigm shift towards defined- contribution plans and personal retirement accou…
Yutaka Kurihara
The gravity model of international trade states that bilateral trade flows based on the economic sizes and distances between two units can be used to examine reasons for international trade. Regional Trade Agreements (RTAs) have appeared recently and have inc…
Eduardo Loría, Jorge Ramírez
It is demonstrated through an Structural Vector Auto Regression (SVAR) model which distinguishes short and long term effects, that the monetary policy implemented in Mexico (1970-2008) has been successful in reducing inflation at the cost of stagnation, espec…
Bo Zhao
The objective of this paper is to analyze the efficiency consequences of monopoly from the perspective of an efficiency-wage model based on Shapiro and Stiglitz (1984). An important innovation of our model is that a firm can raise the probability that a shirk…
William Beranek, David R. Kamerschen
This paper seeks to provide a simpler explanation of the Match Quality Hypothesis (MQH). For the less mathematically inclined, it avoids formal analysis and yet derives the relevant implications, i.e., if unemployed workers currently collecting unemployment b…
Mieczysław Dobija
Recognition of the abstract nature of capital has liberated some new possibilities for alternative human capital research. Human capital, that is to say the human ability of doing work, is under the authority of all fundamental laws established in respect of…
Yeon-Su Kim, Jose Navar-Chaidez, Gustavo Perez-Verdin, Ramon Silva-Flores
Water resources are highly valuable in arid, semiarid, or high-altitude areas where the sources are restricted to groundwater or flash floods occurred in short periods of time. In this paper, we present a case study where water is economically valued through…
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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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