Applied Econometrics Research Articles

BOOK REVIEWS

Book Reviews in this ArticleSlow Growth in Britain: Causes and Consequences.Inflation, Development and Integration: Essays in Honour of A. J. Brown.Controversies in British Macroeconomics.The Distribution of the Product.Issues in Political Economy: A Critical Approach.Stabilization of International Commodity Markets.Inheritance and Wealth Inequality in Britain.The Economics of David Ricardo.Modern Theories of Income Distribution.Directions in Economic Development. Edited by Kenneth P. Jameson and Charles K. Wilber.A Geometric Approach to International Trade. By Melvyn B. Krauss.Money in International Exchange: The Convertible Currency System.Welfare Economics: Introduction and Development of Basic Concepts. By Yew‐Kwang Ng.Law and Economics. By J. M. Oliver. (Economics and Society: No. 7) (London, George Allen & Unwin, 1979Democracy and Welfare Economics. By Hans van den Doel.Topics in Applied Econometrics. (Second Edition) By Kenneth F. Wallis.

Efficiency Analysis with Borrowing and Lending: Criteria and Their Effectiveness

Fama, Eugene F., and James D. MacBeth, Return and Equilibrium: Empirical Tests, Journal of Political Economy 81 (May 1973), 607-636. Jensen, Michael C., Foundations and Current State of Market Theory, in Michael C. Jensen (ed.), Studies in the Theory of Markets (New York: Praeger Publishers, 1972). Johnston, John, Econometric Methods (New York: McGraw-Hill Book Company, 1972), 345-346. Levy, Robert A., On the Short-Term Stationarity of Beta Coefficients, Financial Analysts Journal 27 (Nov. 1971), 55-62. Lintner, John, Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Budgets, this REVIEW 47 (Feb. 1965), 768-775. Marshall, William J., Jess B. Yawitz, and Edward Greenberg, On the Comparative Statics of Asset Price Adjustments, working paper, Washington University Graduate School of Business, 1977. Miller, Merton H., and Myron Scholes, Rates of Return in Relation to Risk: Re-examination of Some Recent Findings, in Michael C. Jensen (ed.), Studies in the Theory of Markets (New York: Praeger Publishers, 1972). Mossin, Jan, in a Asset Market, Econometrica 34 (Oct. 1966), 768-775. Rao, Potluri, and Roger Leroy Miller, Applied Econometrics (Belmont, CA: Wadsworth Publishing Company, Inc., 1968), 204. The authors attribute the proof to A. S. Merrill, Frequency Distribution of an Index Where Both the Components Follow the Normal Law,; Biometrika 20 (1928), 53-63. Rubinstein, Mark E., A Mean-Variance Synthesis of Corporate Financial Theory, Journal of Finance 28 (Mar. 1973), 167-181. Sharpe, William F., Capital Asset Prices: Theory of Market Equilibrium Under Conditions of Risk, Journal of Finance 19 (Sept. 1964), 425-442.

On a Non-Parametric Analogue of the Information Matrix

On a Non-Parametric Analogue of the Information Matrix

Topics in Applied Econometrics.

Topics in Applied Econometrics.

Topics in Applied Econometrics.

Topics in Applied Econometrics.

The Usefulness of Applied Econometrics to the Policymaker

Policymakers’ stabilization actions are reached through their judgment about the general course of economic activity and the effectiveness of various tools available. All policymakers have some view of how the economy operates and how their actions affect the economy. This process is usually based on years of experience and generally is not formulated as rigorously as an econometric model.

Education, Income, and Ability

Current estimates of the contribution of education to economic growth have been questioned because they ignore the interaction of education with ability. Whether the neglect of ability differences in the analyses of the income-education relationship results in estimates that are too high was considered in an earlier paper by one of the authors (Griliches 1970), and a negative answer was conjectured. In this paper, we pursue this question a bit further, using a new and larger body of data. Unfortunately, a definitive answer to this question is hampered both by the vagueness and elasticity of "education" and "ability" as analytical concepts and by the lack of data on early (preschooling) intelligence. The data examined in this paper are based on a 1964 sample of U.S. military veterans. The variables measured include scores on a mental ability test, indicators of parental status, region of residence while growing up, school years completed before service, and school years completed during or after service. These have allowed us to inquire into the separate effects of parental background, intelligence, and schooling. The basic problem and analytical framework can be set out very simply. Let income be a linear function of education and ability, or, Y a + P1E + P(2G + u, where Y is income, E is education, G is ability,

Remarks on Non-Parametric Estimates for Density Functions and Regression Curves

Remarks on Non-Parametric Estimates for Density Functions and Regression Curves

The Empirical Content of Economic Rationality: A Test for a Less Developed Economy

Previous articleNext article No AccessThe Empirical Content of Economic Rationality: A Test for a Less Developed EconomyJohn Wise and Pan A. YotopoulosJohn Wise Search for more articles by this author and Pan A. Yotopoulos Search for more articles by this author PDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by Journal of Political Economy Volume 77, Number 6Nov. - Dec., 1969 Article DOIhttps://doi.org/10.1086/259586 Views: 5Total views on this site Citations: 7Citations are reported from Crossref Copyright 1969 The University of ChicagoPDF download Crossref reports the following articles citing this article:Kahlil Baker, Gary Bull, Kathy Baylis, Richard Barichello Towards a Theoretical Construct for Modelling Smallholders’ Forestland-Use Decisions: What Can We Learn from Agriculture and Forest Economics?, Forests 8, no.99 (Sep 2017): 345.https://doi.org/10.3390/f8090345Asraul Hoque An application and test for a random coefficient model in Bangladesh agriculture, Journal of Applied Econometrics 6, no.11 (Jan 1991): 77–90.https://doi.org/10.1002/jae.3950060107Michael O. Nyong Market Structure, Risk and Profitability in Banking: the Quiet Life Hypothesis and Relative Economic Efficiency, Development Policy Review 8, no.22 (Jun 1990): 179–201.https://doi.org/10.1111/j.1467-7679.1990.tb00155.xAsraul Hoque Farm size and economic-allocative efficiency in Bangladesh agriculture, Applied Economics 20, no.1010 (May 2006): 1353–1368.https://doi.org/10.1080/00036848800000106Akinwumi A. Adesina, B. Wade Brorsen A Risk Responsive Acreage Response Function for Millet in Niger, Agricultural Economics 1, no.33 (Oct 1987): 229–239.https://doi.org/10.1111/j.1574-0862.1987.tb00022.xMats Lundahl ‘Efficient but Poor’, — schultz', theory of traditional agriculture, Scandinavian Economic History Review 35, no.11 (Jan 1987): 108–129.https://doi.org/10.1080/03585522.1987.10408083Victor Levy On estimating efficiency differentials between the public and private sectors in a developing economy—Iraq, Journal of Comparative Economics 5, no.33 (Sep 1981): 235–250.https://doi.org/10.1016/0147-5967(81)90045-7

The Logic of Union Growth

Previous articleNext article No AccessThe Logic of Union GrowthJoseph ShisterJoseph Shister Search for more articles by this author PDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by Journal of Political Economy Volume 61, Number 5Oct., 1953 Article DOIhttps://doi.org/10.1086/257415 Views: 3Total views on this site Citations: 22Citations are reported from Crossref Copyright 1953 The University of Chicago PressPDF download Crossref reports the following articles citing this article:Andy Hodder Young and unionised in the UK? Insights from the public sector, Employee Relations 37, no.33 (Apr 2015): 314–328.https://doi.org/10.1108/ER-09-2013-0136Andy Hodder, Lefteris Kretsos Young Workers and Unions: Context and Overview, (Jan 2015): 1–15.https://doi.org/10.1057/9781137429537_1Glynne Williams, Martin Quinn Macmillan's children? Young workers and trade unions in the early 1960s, Industrial Relations Journal 45, no.22 (Apr 2014): 137–152.https://doi.org/10.1111/irj.12048Michael Wallerstein UNION ORGANIZATION IN ADVANCED INDUSTRIAL DEMOCRACIES, (Mar 2008): 116–145.https://doi.org/10.1017/CBO9780511619793.008Peter J. Prowse, Julie M. Prowse Are non-union workers different to their union colleagues? Evidence from the public services, Industrial Relations Journal 37, no.33 (May 2006): 222–241.https://doi.org/10.1111/j.1468-2338.2006.00400.xBraham Dabscheck The Socceroos Strike a Deal, International Review for the Sociology of Sport 37, no.11 (Mar 2002): 79–95.https://doi.org/10.1177/1012690202037001005Gerard Griffin, Stuart Svensen The Decline of Australian Union Density—A Survey of the Literature, Journal of Industrial Relations 38, no.44 (Dec 1996): 505–547.https://doi.org/10.1177/002218569603800402J. Borland, S. Ouliaris The determinants of Australian trade union membership, Journal of Applied Econometrics 9, no.44 (Oct 1994): 453–468.https://doi.org/10.1002/jae.3950090410Mike Ingham Characteristics and Customs: Empirical Evidence on the Union‐joining Decision, Employee Relations 15, no.44 (Apr 1993): 27–41.https://doi.org/10.1108/EUM0000000001033Christina Cregan Young people and trade union membership: a longitudinal analysis, Applied Economics 23, no.99 (Jul 2006): 1511–1518.https://doi.org/10.1080/00036849100000203Michael Wallerstein Union Organization in Advanced Industrial Democracies, American Political Science Review 83, no.22 (Aug 2014): 481–501.https://doi.org/10.2307/1962401 Paul Edward Johnson Foresight and Myopia in Organizational Membership, The Journal of Politics 49, no.33 (Oct 2015): 678–703.https://doi.org/10.2307/2131274G L Clark, K Johnston The Geography of US Union Elections 5: Reconceptualizing the Theory of Industrial Unionism, Environment and Planning A: Economy and Space 19, no.66 (Jun 1987): 719–734.https://doi.org/10.1068/a190719 David T. Ellwood , and Glenn Fine The Impact of Right-to-Work Laws on Union Organizing, Journal of Political Economy 95, no.22 (Oct 2015): 250–273.https://doi.org/10.1086/261454G L Clark, K Johnston The Geography of US Union Elections 3: The Context and Structure of Union Electoral Performance (the International Brotherhood of Electrical Workers Union and the United Auto Workers Union, 1970–82), Environment and Planning A 19, no.33 (Jul 2016): 289–311.https://doi.org/10.1068/a190289G L Clark, K Johnston The Geography of US Union Elections 2: Performance of the United Auto Workers Union and the International Brotherhood of Electrical Workers Union, 1970–82, Environment and Planning A: Economy and Space 19, no.22 (Jul 2016): 153–172.https://doi.org/10.1068/a190153G L Clark, K Johnston The Geography of US Union Elections 1: The Crisis of US Unions and a Critical Review of the Literature, Environment and Planning A: Economy and Space 19, no.11 (Jan 1987): 33–57.https://doi.org/10.1068/a190033Amy H. Dalton The organization of state and local government employees: Reply, Journal of Labor Research 5, no.22 (Jun 1984): 201–204.https://doi.org/10.1007/BF02685258Amy H. Dalton A theory of the organization of state and local government employees, Journal of Labor Research 3, no.22 (Jun 1982): 163–177.https://doi.org/10.1007/BF02685181PAUL S. GRAY Collective Bargaining in Ghana, Industrial Relations 19, no.22 (Mar 1980): 175–191.https://doi.org/10.1111/j.1468-232X.1980.tb01087.xWILLIAM J. MOORE, ROBERT J. NEWMAN A Note on the Passage of Public Bargaining Laws, Industrial Relations 14, no.33 (Oct 1975): 364–370.https://doi.org/10.1111/j.1468-232X.1975.tb00616.xMarvin Snowbarger A regionally-applicable model for the study of the growth of organized labor, The Annals of Regional Science 8, no.11 (Feb 1974): 79–86.https://doi.org/10.1007/BF01287334