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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…
Grace Ofori-Abebrese, Robert Becker Pickson, Benjamin Tsatsu Diabah
Although the finance-growth relationship has been looked at in many African countries such as Ghana, the outcomes have been mixed while the causal direction between the two variables has particularly not been examined. This study, therefore, applied ARDL appr…
Wilfredo Toledo
The aim of this paper was to determine the effects that the end of tax incentive for U.S. firms operating in Puerto Rico had on the growth trend of the manufacturing sector in the island. It was found evidence that the termination of these incentives diminish…
Idrissa M. Ouédraogo
This paper uses data from 23 Sub-Saharan countries to analyze the relationship between governance, corruption, and the size of the informal economy. The results show that corruption, the quality of governance, the quality of institutional settings, and the un…
Hongli Peng
The reform and opening-up policy prompt s a rapid development of our social economy, science and technology, while the development of financial system plays an irreplaceable role in economic development. Our nation is in the key period of economic transformat…
Orley M. Amos, Tim C. Ireland
This paper investigates the variation of per capita personal income among counties within each state from 1969-2013. Department of Commerce BEA data and Department of Labor BLS data for 1969 to 2013 are analyzed. This study follows up on previous analysis of…
Carlos Encinas-Ferrer
As we move into the twenty-first century the problem that concentration and inequality in income distribution represent for the World is accentuated more and more. The great crisis of 2008 and its aftermath, the crisis in the Eurozone, took place due to a fal…
Feifei Zheng
To investigate the influence of the relative performance on retailers’ choices of profit strategies, a Cournot competition model composed of two private retailers is proposed, in which retailers are facing the problem of choosing a strategy from pure profit a…
Assoumou Ondo
This article analyzes the relation between trade openness and democracy in Gabon. Unlike traditional approaches based on the estimation of linear gravity models, we first estimate a nonlinear model characterizing the relation between democracy and trade openn…
Alin Xia
Starting from ERPT model, the paper decomposes RMB nominal effective exchange rate published in BIS into level and volatility, and analyzes the pass-through effects of RMB nominal effective exchange rate into import price from level and volatility under GARCH…
Jingjing Li
This paper tries to use the data of 1998-2014 about nine departments (department of food, beverage and tobacco, department of fabric and clothing, department of car and motorcar and relative spare and accessory parts, department of medicine and the medical ma…
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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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