Journal of Modern Economy


Foreign direct investment, Agriculture and economic growth: ARDL and causality approach for Rwanda

Research Article of Journal of Modern Economy Foreign direct investment, Agriculture and economic growth: ARDL and causality approach for Rwanda Xiaoling Yuan1, Michel Mivumbi2 1Faculty, School of Economics and Finance, Xi'an Jiaotong University Shaanxi P.R.China. 2Doctoral Researcher Applied Economics, School of Economics and Finance, Xi'an Jiaotong University Shaanxi P.R.China. This study tested the relationship between Rwanda’s economic growth, foreign direct investment, and labor in agricultural spanning between 1970 and 2017. In this paper, the ARDL “bounds” test method is used to analyze the co-integration problem of variables with a constant level relationship. Co-integration coefficients were estimated using the ARDLs model. After verifying the long-term (co-integration) equilibrium relationship of economic growth within the variables, the error correction model is used to estimate the short-term coefficients. We found that agriculture and foreign direct investment have becomes an engine depending of Rwanda’s economic development. The FDI has a causal relationship to economic growth; while labor have no causal relationship to economic growth. The Rwandan government should promote macroeconomic policies to encourage foreign direct investment and promote economic growth in agriculture. Keywords: Foreign Direct Investment; Agriculture; ARDL Model; Bounds test; Economic growth ...

Assessing the Impact of Garbage Classification on China’s Economic Environment

Research Article of Journal of Modern Economy Assessing the Impact of Garbage Classification on China's Economic Environment Baogang Song1*, Xing Li2, Weiming Jing3, Qian Zhang4 1College of Hydraulic & Environmental Engineering, China Three Gorges University, Yichang, 443002, China. 2College of Mechanical & Power Engineering, China Three Gorges University, Yichang, 443002, China. 3College of Computer & Information Technology, China Three Gorges University, Yichang, 443002, China. 4College of Arts & Communication, China Three Gorges University, Yichang, 443002, China. This article mainly studies the impact of waste classification on China’s economy and environment. For the economy, the annual per capita waste removal volume, waste disposal cost, and waste disposal profit from 2008 to 2017 were selected as the three input indicators, and GDP was used as the output value. A BP neural network model based on GM (1,1) was established. The GM (1,1) model is used to predict the values of the three indicators in the next five years. The relationship between GDP and the three input indicators is determined using the BP neural network. The three indicators are substituted into the model to obtain the GDP in the next five years. value. As for the environment, the number of resource processing plants, resource processing capacity, and resource processing capacity are selected as three input indicators, and the per capita green space area is used to measure the impact on the environment. The same method is used to predict the per capita public green area in the next five years. The results show that garbage classification will have a beneficial impact on China’s economy and environment, but the impact will weaken year by year. Keywords: Garbage classification; Gray prediction; BP neural network ...

Predicting stock price based on BP neural network model

Research Article of Journal of Modern Economy Predicting stock price based on BP neural network model Yishuai Tian1*, Botao Liu1, Boying Lv1 1College of Hydraulic & Environmental Engineering, China Three Gorges University, Yichang 443002, China. The increase in the stock will affect the development of the economy, so the description and forecast of the capital are fundamental. Therefore, this paper first analyzes the historical data of Everbright Bank stock (601818) and explains the stock increase, the share affected by the exchange rate, and the index correlation analysis. Then a prediction model based on BP neural network is established. BP is used to train stock descriptors to predict stock prices for the first 30 trading days in early 2019. Combined with ARE and MSE for error analysis, the average relative error is 3.6%, and the mean-variance is 0.041, indicating that the prediction effect of the model is good. To make a specific contribution to the study of stock price prediction. Keywords: Stock forecast; BP neural network; Stock analysis error check ...

The Effect of Real Effective Exchange Rate Volatility on Uganda’s Trade Balance (1993-2015)

Research Article of Journal of Modern Economy The Effect of Real Effective Exchange Rate Volatility on Uganda’s Trade Balance (1993-2015) Dennis Mahebe1 ,Francis Wasswa2 and Willy Kagarura3 1Economist, National Planning Authority (NPA), Kampala-Uganda; 2Senior Lecturer, School of Economics, Makerere University, Kampala-Uganda; 3Senior Lecturer, School of Economics, Makerere University, Kampala-Uganda. This paper investigated the effect of Real Effective Exchange Rate (REER) volatility on Uganda’s Trade Balance for the period 1993Q4 to 2015Q4 by employing the GARCH and ARDL methodology. The ARDL results revealed a negative relationship between the trade balance and the volatility of the real effective exchange rate in the short run. The Impulse Response Function results show evidence of the J-Curve on Uganda’s Trade Balance. Also, the results on the REER indicate that the Marshal-Lerner Condition holds for Uganda’s case. The study therefore recommends that developing a well-developed hedging facility like forward markets and institutions is critical in protecting exporters against exchange rate risk in the short run by reducing volatility of the real effective exchange rate with the aim of improving Uganda’s trade balance. Keywords: REER-Volatility, Trade Balance, GARCH, ARDL, J-Curve, Marshal-Lerner Condition ...

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. Hongmei YANG. A study on the Management Mode of Modern Vocational Education in China. Global journal of Economics and Business Administration, 2018, 3: 10.DOI: 10.28933/gjeba-2018-07-2301 

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.

Publication fees: We do not charge any submission charges, but authors are required to pay publication fees after their manuscripts are accepted for publication. For authors who receive our invitations, please send us the invitation code to receive the special discount.

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.

Withdrawal Policy: When you want to withdraw an article, please contact us. We will withdraw/retract it from our system after reviewing your request.

Terms of Use/Privacy Policy/Disclaimer/Other Policies: you agree that by using or receiving our services, you have read, understood, and agreed to be bound by all of our terms of use/privacy policy/ disclaimer/ other policies.

About the journal
The journal is hosted by eSciPub LLC. Our aim is to provide a platform that encourages publication of the most recent research and reviews for authors from all countries.


About the publisher
eSciPub LLC is a publisher to support Open Access initiative located in Houston, Texas, USA. It is a member of the largest community of professional publishers in the United States: the Independent Book Publishers Association. It hosts more than 100 Open Access journals in Medicine, Business & Economics, Agriculture, Biological Sciences, Chemistry, Education, Physical Sciences, Sociology, and Engineering and Technology.


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

Journal of Modern Economy

Loading