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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…
Chul-Hi Park, Dmitriy Li, Sang-Ho Lee
We examine the Bertrand-Cournot comparison with advertisement in a differentiated mixed duopoly market, and compare with the social optimum. We show that not only both firms’ quantities but also both firms’ advertisements are higher (lower) in Cournot (Bertra…
Sheereen Fauzel
Using a dynamic vector error correction model, and catering for dynamism and endogeneity, the present study attempts to address the question on whether tourism development enhances employment in Mauritius using time series data for the period 1988-2014. The r…
Mohamed Bouzahzah, Simplice A. Asongu, Mohamed Jellal
This study articulates the interaction among institutional governance, education and economic growth. Given the current pursuit of education policy reforms and knowledge economy around the world, it is of policy relevance to theoretically analyze the main mec…
Amanjot Singh, Parneet Kaur
The present study attempts to empirically analyze the co-movement in the BRIC countries’ stock markets in the long run by employing a Johansen cointegration technique. We have divided the sample period into two parts to account for the co-movement during the…
Johan Swinnen, 1 1, Alessandro Olper, Thijs Vandemoortele
We study the political economy of instrument choice with an application to agricultural and food policies. We present stylized facts on the choice of policy instruments and develop a political economy theory of instrument choice. The key predictions of the mo…
Zekeriya Tuzen, Caglar Yurtseven
The higher education system in Turkey suffered from capacity problem during the 1980s and the 1990s. After the election in 2002, to solve the problem, the Justice and Development Party governments have invested in higher education through opening new universi…
Balbir S. Sihag
The existing studies on the origin and history of mathematical economics are euro-centric and cover only the past two centuries. It is intended to show that 1) mathematical economics has an ancient origin. Kautilya wrote The Arthashastra during the fourth cen…
Ayfer Gurun, G. Geoffrey Booth
In the aftermath of World War II there has been a worldwide trend for countries to pursue policies to enhance free trade in order to improve their economic wellbeing. Nevertheless the benefits are associated with free trade and many generate unwanted conseque…
Amanjot Singh
The present study is the first of its kind accounting for linkages among India VIX and US financial stress index by employing vector autoregression model (VAR), Granger causality test, generalized impulse response functions, variance decomposition analysis (V…
Balbir S. Sihag
It is almost a unanimously accepted view that The Wealth of Nations does not contain a single original idea establishing the fact that Adam Smith borrowed all key ideas from various sources. He believed that he could claim originality for all the important id…
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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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