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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…
Ezra Davar
This paper focuses on the supply quantitative model system of input–output, which is equivalent to the demand quantitative model system of Leontief. This model allows us to define the total supplied quantities of commodities for any given supplied quantity of…
Wei-Bin Zhang
The purpose of this paper is to study dynamic interactions among capital accumulation, environmental change and labor distribution. We try to synthesize the growth mechanism in the neoclassical growth theory and the environmental dynamics in traditional model…
Belaid Rettab, Azzeddine Azzam
This paper contributes to the literature on comparative performance of family and non-family businesses by accounting for self-selection and by comparing performance within and across sectors. Using an extensive data set of Dubai businesses in the four differ…
Antonio Villar
We consider here the evaluation of the performance of a society with respect to a given set of targets. We provide a characterization of an intuitive evaluation formula that consists of the mean of the shares of the achievements in the targets. The criterion…
Kazumasa Oguro, Junichiro Takahata, Manabu Shimasawa
In this paper, we present an OLG simulation model with endogenous fertility to analyze the relationship between child benefit and fiscal burden. Our simulation results show that expansion of the child benefit will improve the welfare of current and future gen…
Yutaka Kurihara
This paper examines the efficiency of the Tokyo Foreign Exchange Market from two perspectives. One is whether or not forward bias in this market has existed and the other is the effect of interventions in the market with a focus on whether or not a day-of-the…
Nicholas Apergis, George Artikis, Sofia Eleftheriou, John Sorros
The primary goal of this study is to provide a theoretical model that shows explicit solutions for equilibrium prices and derives the equilibrium required return for the firm’s stock price. In other words, this theoretical study provides a direct link between…
Fariba Hashemi
The cross-sectional distribution of wages has so far been neglected compared to the study of income differences across countries over time. We propose a stochastic model, built on the theory of diffusion processes, to describe the evolution of global labor ma…
Ville Isoherranen, Pekka Kess
This study analyses the two case businesses strategy by using the strategy orientation and typology framework. The framework is build as synthesis from market and product orientation characteristics found from literature as well as the Miles and Snow strategy…
Christian Müller
I discuss the strengths and weaknesses of the current predominant approach to macroeconomic modelling of asset prices and suggest an alternative perspective. This alternative rests on the insight that the economy is the result of individual decisions. The ind…
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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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