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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…
Tadashi Yagi
In this paper, we hypothesize that unconscious biases are formed through life experience, and we formalize the process of preference formation mainly focusing on emotional factors. Based on this underlying model, we implement an empirical model and examine th…
Patrice Rélouendé Zidouemba, Koffi Elitcha
We examine the effects of an important technology diffusion channel—foreign direct investment (FDI)—on the growth of total factor productivity (TFP) an d the role played by natural resources in this relationship. Based on cross-sectional data from 71 developi…
C-René Dominique
Inequity in wealth and income distributions is ubiquitous and persistent in markets economies. Economists have long suspected that this might be due to the workings of a power law. But studies in financial economics have focused mainly on tail exponent while…
Ben David Nissim, Garyn Tal Sharon
In this paper , we suggested a new technique for extracting a technology index time series and calculated the technology index for 26 OECD countries for the years 1990-2011. Assuming that production function is Cobb-Douglas and with constant return to scale a…
Chikashi Tsuji
This paper examines the profitability of four European higher return stock portfolios and their linkages between the value premium factor return, high-minus-low (HML), developed by Fama and French. Our fundamental analyses and quantitative examinations using…
Jialu Li, Meiying Yang
Overconfidence has been proven to be “one of the most consistent, powerful and wide spread cognitive biases”. In this paper, we develop a model in which a supplier selling to an overconfident retailer invests in acquiring market information. Overconfidence ca…
Moeti Damane
The study empirically analyzes private consumption in Lesotho over the period 1982-2015 by employing an Autoregressive Distributed Lag bound test approach to cointegration. The results show that private consumption is positively influenced by the level of nat…
Guiming Miao
Loss data structures in non-life insurance businesses are increasingly complex, and the tendency of correlation and heterogeneity is gradually presented. Hierarchical model can breakthrough limitation that the traditional rate determination method only analyz…
Junrong Deng, Zhihua Wang
Based on the self-organization theory, this paper analyzed the evolutionary characteristics and mechanism of instability, bifurcation, mutation and random “ fluctuation ” in the self-organization process of innovation system. Then an empirical study is made o…
Guohui Yang
Based on the sample of Chinese A-share listed companies from 2011-2016, this paper examines the impact of RMB exchange rate depreciation on enterprise innovation from the perspective of investment motivation. The study found that the devaluation of the RMB ex…
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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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