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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…
Chunchou Wu
This article is the first to provide a detailed method for range-based CARR model to estimate the VaR and its out-of-sample prediction. In this paper, we use GARCH and CARR volatility models to compare the VaR’s out-of-sample forecasting performance. Using th…
Debapratim Purkayastha, Trilochan Tripathy, Biswajit Das
The purpose of this paper is to examine the effect of competition and regulation on Microfinance Institutions (MFIs) outcomes in India. Using data for 60 MFIs from the MIX Market database for a period of five years from 2008-09 to 2012-13, panel models are es…
Ali Elwerfelli, James Benhin
Oil booms have brought unprecedented wealth and development to some countries while in others this has not been the case. The latter is attributed to the resource curse phenomenon which has been explained by the Dutch disease and more recently by poor quality…
Susana Santos
A Social Accounting Matrix (SAM) is presented as a tool to study the socioeconomic activity of a country. This activity involves the monetary or nominal flows that are measured by the National Accounts, as well as production (organized in factors, industries…
Bhargavi Karamcheti, Vaishali Padake, T. Geetha
The current study attempts to examine the importance of the Flexible Price Monetary (FPM) Model in explaining the INR/USD exchange rate movement with macro variables such as relative money stock, relative rates of interest and relative output for the period f…
Akio Matsumoto, Keiko Nakayama, Ferenc Szidarovszky
This study investigates the effectiveness of ambient charges under non-point source (NPS) pollutions in an imperfect competition framework. To this end, following Ganguli and Raju, it constructs a one-stage game and a two-stage game in which Bertrand duopolis…
Toshiyuki Yamawake, Shigetsune Yamoto, Hoe Chin Goi, Dong-Joon Lee
This study examines the determinants of Merger and Acquisition (M & A) when manufacturing firms integrate with retailing firms. We examine a manufacturing duopoly in which each upstream firm sells the output to its exclusive retailing firm. In sequence of the…
George Drogalas, Evgenia Anagnostopoulou, Michail Pazarskis, Dimitrios Petkopoulos
Tax evasion involves the deliberate act of noncompliance to tax legislation and the disregard of tax payments from the citizens. Moreover, many citizens do not directly violate tax legislation, but avoid paying taxes by taking advantage the lack of explicit l…
Yuanfei Kang, Qian Li
This study seeks to explain how differences in political risk and economic freedom between host and home countries interact with investing firms’ resource-seeking intent to influence the firms’ outward foreign direct investment (FDI) location choice. Using pa…
Murugaiyan Pachayappan, Ramakrishnan Venkatesakumar
Reviewing the existing literature is the preliminary stage of any research work. In the recent times, researchers have enormous sources to gather literature data related to their research topics, particularly from online journals, directories, and databases.…
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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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