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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…
Nicholas Mangee, Bruce Elmslie
This paper presents a theoretical and empirical analysis of the effects of environmental regulation on bilateral trade volume. We use a gravity model of trade flows and find weak evidence that differences in regulation are a source of comparative advantage. W…
Tarek Ghalwash
This paper addresses first whether scientific evidence—theoretical and empirical—exists to support the inflation targeting regime and, secondly whether inflation target is worthwhile for Egypt. The method in this paper builds on a literature review of the the…
Gouranga G. Das
Exogenous technical progress can have uneven impacts on productivity contingent on absorptive capacity, structural congruence and trade intensity. The paper illustrates the role of enabling behind-the-border factors for effective absorption and is pertinent f…
Friedrich L. Sell, Beate Sauer, Marcus Wiens
Some years ago (before the outbreak of the financial crisis) most of the major central banks—in general— shifted to interest rate control. But does this fact render obsolete the ISLM scheme, which is apparently tied to money supply control? And isn’t it neces…
Domenico Campisi, Roberta Costa, Paolo Mancuso
In recent years, low cost carriers (LCCs) have been the fastest growing sector of the aviation industry. The routes served by these carriers were undersized in comparison with principal routes, but deregulation made possible an efficient access to many new ma…
Gwenaёl Piaser
In common agency games, one cannot characterize all equilibria by considering only direct mechanisms. In an attempt to overcome this difficulty, Peters [1] and Martimort and Stole [2] identi?ed a class of indirect mechanisms (namely, menus) which are able to…
Andreas Loffler, Lutz Kruschwitz
The opinion is occasionally voiced that investors should avoid paying tax at all costs. In this paper it is being investigated, using a simple portfolio model with taxes, whether avoiding tax really leads to more µ-σ-efficient solutions. It is demonstrated fo…
Kazuhiro Ohnishi
This paper considers domestic (resp. international) Bertrand mixed duopoly competition in which a state-owned welfare-maximizing public firm and a domestic (resp. foreign) profit-maximizing private firm produce complementary goods. The main purpose of the pap…
Giorgio Canarella, Wen-Shwo Fang, Stephen M. Miller, Stephen K. Pollard
The Great Moderation, the significant decline in the variability of economic activity, provides a most remarkable feature of the macroeconomic landscape in the last twenty years. A number of papers document the beginning of the Great Moderation in the US and…
Ioannis M. Neokosmidis, Vassilis Polimenis
This paper focuses on the analysis of the 2008 financial crisis and how it affects the global financial markets. We analyze three major markets (US, UK, and ASIA) that are represented by the levels of three broad stock indices S&P 500, FTSE 100 and Hang S…
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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.
Authors submit their manuscript, metadata, and declarations through the portal. There is no submission fee.
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At least two independent reviewers evaluate the manuscript under single-blind review. Where revisions are required, authors respond point by point.
On acceptance the article processing charge is invoiced and the CC BY 4.0 copyright handover is signed.
The article is copyedited, typeset, and given a DOI, then publishes open access with a permanent link.
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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