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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…
Oumarou Zallé
The purpose of this article is to highlight and quantify the spatial effects of political risk on economic growth among African countries. We design a spatial model of growth derived from the Mankiw - Romer - Weil model by introducing spatial interactions. Sp…
Bruno Jossa
Considering that businesses face bankruptcy when their aggregate costs exceed their revenues, the cancellation of the largest production cost item—wages and salaries—in an employee-managed firm system is an effective safeguard against bankruptcy. For this and…
Zhihao Lin
The information asymmetry between the internal environment and external environment of enterprises composes one of essential factors leading to IPO underpricing. According to upper echelon theory, background characteristics of senior executives will exert an…
Tito Nestor Tiehi, Hypolite Konan
Purpose of this study is to analyze the implications of public health policies on economic growth in Sub-Saharan African Countries. From the experience of quite two homogeneous Economic Areas, namely the CAEMC and the WAEMU, we will check up the following hyp…
Jeffrey R. Oliver, Lindon J. Robison
Commodification is a widely used and inconsistently defined concept. Inconsistent definitions of commodification, this paper observes, exist because alternative outcomes and consequences of converting relational goods into commodities are confused with the de…
Maria Alessandra Antonelli, Valeria De Bonis
This paper aims at analysing the effectiveness and the efficiency of social public expenditure in 22 European countries. We present a basic theoretical framework connecting the choice of the level of social protection to the median voter’s preferences and the…
Chen He
This paper establishes a VAR model and VEC model using the data of Chinese public investment, GDP, private investment and employment from 1997 to 2013 aiming to analyze the influence of Chinese public investment on GDP, private investment and employment throu…
Tetsuo Fukawa, 1 1, 1 1
By using a dynamic micro-simulation model named INAHSIM-II, we conducted a population-household projection in Japan (INAHSIM 2017) for the period of 2015-2065. Due to rapid aging of the population, the distribution of the elderly (65 years old or older) by de…
Enock Takyi
Ghana ranks among the countries most affected by glaucoma in the world. It is estimated that 700,000 people in Ghana are affected by glaucoma, out of which 60,000 people are already blind. In recent years, there has been a growing concern that anti-glaucoma m…
Alexandros M. Goulielmos, 1 1
The paper deals with the tactics and strategies applied by global shipping companies. During current depression in the dry cargo sector, shipowners adopted two tactics: 1) to “ survive ” and 2) “ look after opportunities ” . Shipowners are mostly reactive-man…
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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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