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Theoretical Economics Letters (TEL) is an openly accessible journal published bimonthly. 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 theoretical economics. All manuscripts m…
Masanori Morita
This paper discusses the theoretical validity of Thomas Piketty’s fundamental laws about income distribution in the context of a standard neoclassical growth model. We take Uzawa’s two-sector growth model as the platform of our analysis, as it allows us to ma…
Jie Li, Yu Jiang
Based on the national data from 1995 to 2014, we develop an extended C-D production function model alongside with the Solow growth rate equation to investigate contributions of R&D expenditures and patents to China’s GDP respectively. Results indicate that: 1…
Daniel Farhat
This study explores the impact of government intervention on the evolution of cooperation using a popular framework for understanding cooperative behavior ( the public goods game ). Agents either contribute to the production of a shared public good or free-ri…
Geoffrey Dunbar, Ruqu Wang, Xiaoting Wang, 1 1
In this paper we propose a “behavioral equilibrium” definition for a class of dynamic games of perfect information. We document various experimental studies of the Centipede Game in the literature that demonstrate that players rarely follow the subgame perfec…
Louis Jaeck, Sehjeong Kim, 1 1
This paper analyzes the setting of a reform towards liberalization of FDI policies as a political compromise pressured by the lobbying of a domestic lobby and a foreign MNC lobby. Using a common agency model of lobbying, we show that, under specific condition…
Xiaogang Yang
“Education marketing” is a new concept used in high frequency interiorly in recent years, but it has significantly different interpretations in the educational circles and business circles, extremely easy to cause the misuse and mix, which is not conducive to…
Raksha Bissoon, Boopen Seetanah, Reena Bhattu-Babajee, Narvada Gopy-Ramdhany, Keshav Seetah
This study investigates the impact of monetary policies on stock markets based on a sample of five open countries with growing stock market over the period 2004 to 2014. Using a random effect model for the panel regression coupled with a panel vector error co…
Masayuki Otaki
I define a speculative bubble as the phenomenon in which zero expected return assets possess positive economic values. The limited liability principle matters in such a case. Individual investors prefer higher risk and higher return assets under limited liabi…
Andre Y. Haughton
This paper analyses the impact of temporary monetary shocks and permanent productivity shocks on the exchange rate and current account in Jamaica, Argentina, Bolivia, Chile, Columbia, Costa Rica, Mexico, Paraguay and Peru following the technique by Lee and Ch…
Gourav Vallabh, Garima Dadhich
Corporation is the most important part of value chain of growth for any nation, being developed or developing. These corporation acts through the board of directors elected by management team and shareholders. With markets expanding beyond domestic boundaries…
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Theoretical Economics Letters (TEL) is an openly accessible journal published bimonthly. 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 theoretical economics. All manuscripts m… All articles are open access under a CC BY 4.0 licence, with authors retaining copyright.
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