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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…
Kazuhiro Ohnishi
We consider a domestic (resp. international) mixed duopoly model in which a domestic public firm and a domestic (resp. foreign) private firm produce complementary goods. First, the domestic government chooses the level of privatization to maximize domestic so…
Biswajit Mandal, Saswati Chaudhuri
In this paper we propose a theoretical model where formal and informal sectors co-exist in tandem. Trade union segregates some labor from being formal. Capital is not allowed to freely move between formal and informal sectors. Using this sort of framework it…
Fernando Antônio Ribeiro Soares, Tito Belchior Silva Moreira
The objective of this paper is to assess the impacts that rent-seeking arising from government intervention in international trade has on welfare. More specifically, the focus is on how the granting of special import re- gimes promotes rent-seeking practices,…
Ezra Davar
The Paper shows how fundamental flaws in the modern economic theory are a central part in the formation of financial bubbles: 1) The Keynesian multiplayer is based on the substitution of the cause (the national in-come) for the effect (investment); which yiel…
Davide Infante, Janna Smirnova
Being a real concern of any society, environmental quality has received much attention in economic litera-ture. However, the role that the institutional context plays in environmental issues is still an open question. Since the environment and institutional c…
L. H. Li
While most papers on housing choice concentrate on relatively disadvantaged groups in the society con-strained by financial ability, this paper looks at the affluent population in Shanghai. In examining their own perception of the relative importance of diffe…
Dimitrios Dimitriou, Theodore Simos
We empirically investigate the relationship between expected stock returns and volatility in the twelve EMU countries as well as five major out of EMU international stock markets. The sample period starts from De-cember 1992 until December 2007 i.e. up to the…
Yun Liang, Xiaode Zuo
Gravity model and system cluster method are integrated in this paper to generate a regression analysis on the gravity of many transferees of Foshan’s ceramics industry, which are discussed under the background of the industry and human resource transfer pract…
Tamara Todorova, Veselina Dzharova
Our paper studies the causes of poverty from the perspective of job search. We show that poor people remain poor because they have less time and initial endowment to search for a better job. Initial endowment is key to successful job search, as one can afford…
Peter Quartey
Monetary policy in Ghana, which is typical of many central banks, over the years, has focused on ensuring price stability or low inflation. The aim of the policy of price stability is to provide a stable environment for real sector activities to flourish. How…
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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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Manuscripts must be original and not under consideration elsewhere. Submit in Microsoft Word or LaTeX with figures at 300 dpi minimum. Structure research articles as Abstract, Introduction, Methods, Results, Discussion, and References.
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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