Journal of Modern Economy


On one criterion for the permanent economy development

Research Article of Journal of Modern Economy On one criterion for the permanent economy development N. S. Gonchar, O.P.Dovzhyk The N.N.Bogolubov Institute for Theoretical Physics, Kiev, Ukraine A new method of investigation the equilibrium state of the economy is proposed. The classification of the equilibrium states is given. The basic principle of equilibrium the economy system to its environment is formulated. It is used to obtain the money circulation equation. On this basis the notion of the permanent economic development is defined. The analysis of the economy of four countries is given. The principe of adequacy of currency exchange and inflation rates to the factors that their determine is proposed. This work was supported in part by the Program of Fundamental Research of the Department of Physics and Astronomy of the National Academy of Sciences of Ukraine (project № 0117U000240). Keywords: Exchange Rate, Forcast, Permanent Economy Development, Recession ...

A Note on Statistical Arbitrage and Long Term market Efficiency

Research Article of Journal of Modern Economy A Note on Statistical Arbitrage and Long Term market Efficiency Mario Maggi1 and Pierpaolo Uberti2 1Department of Economics and Management, University of Pavia, via S. Felice, 5, 27100, Pavia, Italy 2DIEC Department of Economics, University of Genova, via Vivaldi, 5, 16126, Genova, Italy. Market efficiency is a central topic in finance. The notion of statistical arbitrage is a suitable instrument to investigate market efficiency without the need to specify an equilibrium model. We introduce a new definition of statistical arbitrage (named Strong Statistical Arbitrage, SSA in the following) modifying the original definition in an apparently infinitesimal way. We show that some simple investment strategies, recognized as statistical arbitrages by the standard definition, do not test positive for SSA. We discuss the relations between the proposed definition and common definitions of arbitrage and prove that SSA is compatible with deviations from market efficiency in a “short term frame.” The idea is that if market anomalies are small, the markets do not deviate significantly from efficiency, while an SSA requires time persistent anomalies on asset prices. Keywords: Statistical Arbitrage, Market Efficiency ...

Research on the Impact of Chinese Science and Technology Finance on Entrepreneurial Efficiency

Research Article of Journal of Modern Economy Research on the Impact of Chinese Science and Technology Finance on Entrepreneurial Efficiency JIANG GAI, WANG LUAN FENG* Hubei University. This paper is based on panel data of 30 provinces and cities in China from 2008 to 2017, The convergence of innovation efficiency is tested by σ convergence and β convergence test, Using stochastic frontier model and principal component analysis to analyze the impact of Chinese science and technology finance on entrepreneurial efficiency. The study found: Venture capital investment is more flexible than the output of entrepreneurial man-power investment, technology finance has a significant positive impact on entrepreneurial efficiency, but there is a problem of regional development imbalance. Convergence and divergence analysis found, the gap in entre-preneurial efficiency between the central, eastern and western regions is gradually narrow; Factors such as social capital, economic development level and foreign direct investment also have a positive impact on entrepreneurial efficiency. Finally, this paper also puts forward some suggestions on improv-ing the efficiency of entrepreneurship from the perspectives of upgrading science and technology financial services, developing science and technology financial innovation and entrepreneurial environment. Keywords: Fintech, Social capital, Entrepreneur efficiency, Conversion efficiency ...

Impacts of Infrastructure on One Country’s Trade An Analysis based on the new Eurasian Continental Bridge Economic Corridor along the One Belt One Road

Research Article of Journal of Modern Economy Impacts of Infrastructure on One Country’s Trade --- An Analysis based on the "new Eurasian Continental Bridge Economic Corridor" along the “One Belt One Road” 1Hui He, 2Qi Gao, 3Weitao Liu, 4Mingjie Hu and 5Meng Wu 1Qingyuan polytechnic, Economic doctor, engaged in development economic research; 2People’s Bank of China Jiamusi Branch, Economic master, engaged in international financial research; 3Harbin Insititute of Technology (ShenZhen), Management postdoctoral fellow, engaged in development economic research; 4Nanjing University, Economic undergraduate, engaged in international trade research; 5South China University of Technology, Economic master, engaged in public economic and public policy research. In nowadays context of global economic integration, China has proposed the “One Belt One Road” Strategy in 2014, which fits into the new changes in global economy and finds us a new growth in economy development. This article has selected the panel data of 23 countries along the “new Eurasian Continental Bridge Economic Corridor” in 2002-2016 and analyzed the influences of one country’s economic infrastructure and social infrastructure upon its national trades using the fixed effect model. The research result shows that the construction of energy infrastructure may produce less obvious negative effects on one country’s national trade while the influences of the railway and aviation infrastructure will be varied because of the different natural endowments of the country. And one country’s trade will increase as construction of communication infrastructure develops. For social infrastructure, the effects upon one country’s trade are not obvious from education infrastructure construction, scientific research infrastructure construction, medical infrastructure construction and environmental infrastructure construction. Keywords: infrastructure; “One Belt One Road”; Trade ...

Dr. Carmen NASTASE
Professor and Dean, Faculty of Economics and Public Administration, University “Stefan cel Mare” from Suceava

Dr. Hapenciuc Cristian-Valentin
Professor, “Stefan cel Mare” University of Suceava, Universitatii no.13, Suceava 70229, Romania

Dr. Faisal G. Khamis
Associate Professor, Department of Accounting and Finance & Banking, College of Business, Al Ain university of Science and Technology

Dr. Devaraja T S
Professor of Commerce, Department of Commerce, Post Graduate Centre, University of Mysore

Dr. Adrian Moroşan
Associate Professor of Accounting and International Financial Reporting Standards, “Lucian Blaga” University of Sibiu, Victoriei Blvd., no. 10, Sibiu

Dr. ABDUL JALIL
Professor of Economics (Shakirullah Durrani Memorial Chair), Pakistan Institute of Development Economics, Islamabad, Pakistan

Dr. Waeibrorheem Waemustafa
Banking Department, School of Economics, Finance & Banking, College of Business, Universiti Utara

Dr. Muhammad Ayub Khan Mehar
Professor, Iqra University Karachi

Dr. Raga Mohamed Elzaki Ali
Department of Consumer Sciences and Agribusiness, College of Agricultural and Food Sciences, King Faisal University

Dr. Alexander Franco
Stamford International University

Dr. P. MALYADRI
PRINCIPAL, Government Degree College, Rayalaseema University

Dr. Shankar T Battase
Assistant Professor and Head, Dept. of Commerce and Management, Govt. First Grade College Sindagi (Affiliated to Rani Channamma University)

Dr. Marcin W. Staniewski
Chair of Human Resources Management, University of Finance and Management in Warsaw

Dr. Elena Hlaciuc
Professor, Faculty of Economics and Public Administration, Stefan cel Mare University of Suceava, Romania

Dr. Alexandru-Mircea NEDELEA
Associate Professor Ph.D. in Marketing, Stefan cel Mare University of Suceava, Romania

Dr. Paul Thaddeus Kazibudzki
Associate Professor, J.D. University in Czestochowa, Poland

Dr. Shivan A.M. Doski
Assistant Professor, Specialization: Corporate Financial Management, University of Duhok

Dr. Lookman Kolawole Alao SUBAIR
Chief Economist, Centre for Applied Economics and Policy Studies (CEAPEPS), Research & Training Department

Dr. ŢICU DORINA
“ALEXANDRU IOAN CUZA” UNIVERSITY IASI, ROMANIA, Faculty of Philosophy and Social and Political Sciences, Departament of Politicial Sciences, International Relations and European Studies

Dr. Paresh Shah
Accredited Management Teacher and Researcher, Professor, Commerce and Management, Rai University, Ahmedabad

Dr. HAKIMI Abdelaziz
Faculty of Law, Economics and Management of Jendouba, University of Jendouba

Dr. BOGHEAN Florin
Associate Profesor, Department of Accounting, Audit and Finance, Faculty of Economics and Public Administration, “Stefan cel Mare” University of Suceava

Dr. J. Gajendra Naidu
Faculty of Commerce & Business Administration, Gaborone university college: Gaborone.

Dr. Weitao LIU
Guangzhou Academy of Social Scinces (GZASS); Guangzhou Urban Strategy Institute (GZUSI)

Manuscript Title: The title should be a brief phrase.

Author Information: List full names and affiliation of all authors, including Emails and phone numbers of corresponding author.

Abstract: The abstract should be less than 500 words. Following abstract, a list of keywords and abbreviations should be added. The keywords should be no more than 10. Abbreviation are only used for non standard and long terms.

Introduction: The introduction should included a clear statement of current problems.

Materials and Methods: This section should be clearly described.

Results and discussion: Authors may put results and discussion into a single section or show them separately.

Acknowledgement: This section includes a brief acknowledgment of people, grant details, funds

References: References should be listed in a numbered citation order at the end of the manuscript. DOIs and links to referenced articles should be added if available. Abstracts and talks for conferences or papers not yet accepted should not be cited. Examples Published Papers: 

1.Hui He, Qi Gao, Weitao Liu, Mingjie Hu and Meng Wu. Impacts of Infrastructure on One Country’s Trade— An Analysis based on the “new Eurasian Continental Bridge Economic Corridor” along the “One Belt One Road”. Journal of Modern Economy, 2018,1:3. DOI: 10.28933/jme-2018-01-1001 
2.Fitsum Abrha Weldu. prospects and challenges of Good governance in the realm of service delivery. Journal of Modern Economy, 2018,1:5. DOI: 10.28933/jme-2018-01-0802 

Tables and figures: Tables should be used at a minimum with a short descriptive title. The preferred file formats for Figures/Graphics are GIF, TIFF, JPEG or PowerPoint.

Proofreading and Publication: A proof will be sent to the corresponding author before publication. Authors should carefully read the proof to avoid any errors and return the proof to the editorial office. Editorial office will publish the article shortly and send a notice to authors with the links of the paper.

Open Access

Journal of Modern Economy is a peer reviewed open access journal publishing research manuscripts, review articles, case reports, editorials, letters to the editor in Modern Economy (Indexing information).

Peer Review

To ensure the quality of the publications, all submitted manuscripts will be peer-reviewed by invited experts in the field. The decisions of editors will be made based on the comments of the reviewers.

Rapid Publication

Time to first decision: within 2 days for initial decision without review, 18 days with review; Time to publication: Accepted articles will be published online within 2 days, and final corrected versions by authors will be accessible within 5 days.  More details....

Rapid Response Team

Please feel free to contact our rapid response team if you have any questions. Our customer representative will answer your questions soon.

Journal of Modern Economy

Upload

Notes:
1. Please compress all documents (manuscript, cover letter et al.,. ) into one .Zip file and then upload the Zip file;
2. We know how valuable your time is and try our best to save it with our easy-to-use submission system.