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 ...

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

Loading