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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…
Cristina Gosio, Ester C. Lari, Marina Ravera
We consider an insurer having two classes of insurance risks dependent through the number of claims of each risk in a given period of time. We assume that the insurer chooses a reinsurance strategy related to the first class of risk by means a proportional re…
Zhiqiang Ye, Linqi Liu, Luxin Wang, Wujue Ji, Wei Huang
Executive Perquisites are agency cost and harm the interests of shareholders. After the split share reform, the first largest shareholder has decreasing his shares and the problem of executives’ expropriation has been more prominent. This paper uses the data…
Qifan Xiang
The aim of this paper is to provide insight into the foreign and domestic economies of North Korea, particularly concerning illicit black market activities. Regime doctrine of the Democratic People’s Republic of Korea has been adamant about the country’s sust…
Fabiano Roberto Santos de Lima, Jódiney Benedito Marques
Brazilian society today faces a serious macroeconomic problem that is the high rate of unemployment. With persistent stagnation of growth, it is concluded that the resumption of jobs will not be something verifiable in the short term, requiring actions that c…
Angelo Nicolaides, King Carl Tornam Duho
There is much evidence to support the notion that inspirational leadership is inextricably crucial for the functioning of any organization, either in the private or public sector, which is bent on operating as a goal-oriented body within which various individ…
Alexandros M. Goulielmos, 1 1
The purpose of this research was to forecast next maritime depression beyond 2018. For this we used the nonlinear forecasting method: “Radial Basis Functions” [1] through the computer program NLTSA [2] allowing a prediction for 20 steps ahead. Forecasting app…
Belandia da Costa Graciana, I Gusti Agung Ayu Ambarawati, Dwi Putra Darmawan, I Wayan Budiasa
Coffee is one of the superior agricultural commodities in Timor Leste. It is cultivated by majority of smallholder farms. The Cooperativa Cafe Timor (CCT) is the biggest company partner with local coffee farmers in Timor Leste that facilitates farmers to appl…
Alexandros M. Goulielmos, 1 1
We described the procedure, and the importance, of the budget or plan of expenses (cost) of a vessel in a tramp shipping company, and also we addressed the difficulty to plan receipts (revenue). We analyzed the structure of a shipping company in departments a…
Honoré Bidiasse, Michael Mbanjo Kitimbi, Marcelin Ndong Ntah
The purpose of this article is to analyze the paradox of atrophy of capital flows to African countries, while economic theories predict that such flows of investment should be large enough because of higher returns on capital in countries where its presence i…
Stephen P. Magee, Kwang-Yeol Yoo
We explain why lobbying is a biologically necessary transaction cost in a democracy. We use lobbying for trade protection to illustrate because we have controls for other effects by using the Young and Magee [2] general equilibrium international trade model w…
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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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