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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…
Alexandros M. Goulielmos, 1 1
Studying the history of “economic turbulence”, we ended up with the certainty that the statistical methods used so far, by economists, are unsuitable to model it. We have mainly the methods of Normal distribution and Random Walk in mind. Moreover, the picture…
Chang Liu
The development of China Quasi-Municipal bonds began in 1994 with China’s tax system reform which determines the current tax-sharing fiscal system of “primary finance, first-level authority”. Under this fiscal system, local governments often face the embarras…
Yi Liu, Jiaping Lin
In the open economic system, the factors that affect the development of regional tourism are more influenced by the level of tourism development in other regions, and show the spatial spillover effect of tourism activities. In this paper, the problem of the s…
Ping Luo
This paper takes the reform of local commercial system as the basic point, combines the economic data of various provinces and cities in China, adopts the double difference method, and comprehensively inspects the influence of the commercial system reform on…
Qiang Chen
In recent years, tourism has become an important part of China’s emerging services industry, and is regarded as the “sunrise industry” of the 21st century. Relevant data from China National Tourism Administration show that the number of domestic tourists in C…
Rebecca Abraham, Judith Harris, Joel Auerbach
This paper explores the determinants of share repurchase decisions within the context of a modern conceptual framework. Empirically, it categorizes such determinants by firm size, stage of the product life cycle, membership in the technology sector, ownership…
Moeti Damane, Lira P. Sekantsi
Lesotho’s unemployment, poverty and income inequality and other social ills remain pervasive in the face of non-inclusive growth. Using structural vector autoregressive framework and annual time series data spanning from 1980 to 2014, this paper investigates…
Xin Lu, Ruihong Li
The pyramid structure of the SOEs along with the process of continuous reform has significantly affected the business activities and the decision-making behaviors of enterprises. Based on the data from 2007 to 2015, the paper validates the influence of the le…
Omosola Arawomo, J. F. Apanisile
This paper investigated the key determinants of FDI in the Nigerian telecommunication sector. The study made use of data from 1986 to 2014. Annual data on infrastructure, government expenditure, trade openness and market size, were sourced from the World Deve…
Yaya Keho
Kaldor’s first growth law posits that the growth rate of an economy is positively related to the growth rate of its manufacturing sector. Since the sixties, this relationship has been examined in a large number of studies using a wide variety of data sets and…
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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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