Journal of Economic Studies: Volume 44 Issue 3

Alternative representation of the deadweight loss triangle in oligopoly: The input/output inefficiency decomposition

Ahmet Özçam

The purpose of this paper is to provide an alternative way of calculating the deadweight loss triangle in oligopolistic markets which takes inefficient use of inputs into account…

Africa’s economic regionalism: is there any other obstacle?

Atif Awad, Ishak Yussof

The purpose of this paper is to extend the gravity model to examine the role of infrastructure (including human capital (HC)), macroeconomic policies, the institutional quality…

Why the youth are so eager for university education? Evidence from Iran’s labor market

GholamReza K. Haddad, Nader Habibi

The purpose of this paper is to estimate the wage difference between overeducated and adequately educated workers in a sample of semi-skilled and low-skill occupations in Iran’s…

FDI and incumbent R&D behavior: evidence from Indian manufacturing sector

Qayoom Khachoo, Ruchi Sharma

The study is an attempt to analyze the impact of foreign direct investment (FDI) on research and development (R&D) behavior of incumbent firms’, both domestic and foreign…

Income convergence in India: evidence from nonparametric panel data

Arfat Ahmad Sofi, Raja Sethu Durai S.

The purpose of this paper is to investigate convergence hypothesis in a balanced panel of 22 Indian states for the time period of 1980-81 to 2010-11 by applying nonparametric…

Inflation, interest rate and output gap in the US economy: a vine copula modeling

Osvaldo Candido, Jose Angelo Divino

The purpose of this paper is to investigate the relationship between inflation, interest rate, and output gap in the US economy in the post Second World War period, without…

External debt among HIPCs in Africa: accounting and panel VAR analysis of some determinants

David Mensah, Anthony Q.Q. Aboagye, Joshua Y. Abor, Anthony Kyereboah-Coleman

The management of external debt among highly indebted poor countries (HIPCs) in Africa still remains a challenge despite numerous packages and attempts to ameliorate the…

The effects of population growth, environmental quality and trade openness on economic growth: A panel data application

Mohammad Mafizur Rahman, Kais Saidi, Mounir Ben Mbarek

The purpose of this paper is to explore the effects of population growth (PG), environmental quality and trade openness on economic growth of major developed and developing…

Competition and innovation with horizontal R&D spillovers

Massoud Khazabi, Nguyen Van Quyen

The purpose of this paper is to extend a theoretical framework for analyzing competition and innovation in the presence of horizontal spillovers.

Block-pulse operational matrix method for solving fractional Black-Scholes equation

Farshid Mehrdoust, Amir Hosein Refahi Sheikhani, Mohammad Mashoof, Sabahat Hasanzadeh

The purpose of this paper is to evaluate a European option using the fractional version of the Black-Scholes model.