Australian Economic Papers

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1995, Volume 34, Issue 65

• 277-90 An Empirical Analysis of Australian Defence Expenditure: 1970-1990
  by Madden, Gary, et al
• 291-308 An Econometric Model of International Visitor Flows to Australia
  by Divisekera, Sarath
• 309-21 Economic Growth and Convergence in Open Economies
  by Milbourne, Ross
• 322-31 The Laffer Curve and Precautionary Taxation: A Rationale for Paying Down the National Debt
  by Dehejia, Vivek H & Rowe, Nicholas
• 332-44 Policy Trade-Offs in Alternative Tax and Pension Systems
  by Creedy, John & Morgan, Margaret H

• 3 Erratum [A Parsimonious Consumption Function for Australia: 1964 to 1990]
  by Lester, Laurence H
• 5-16 The Role of the NAFTA Debate in US Trade Policy
  by Krueger, Anne O
• 17-30 Voting and Learning in a Model of Monetary Policymaking
  by Crosby, Mark
• 31-49 The Foreign Currency Loans Affair: An Economist's Perspective
  by Kingston, Geoffrey
• 50-61 The Wage-Hours Profile for Young Australians: How Meaningful Are Labour Supply Functions Estimated from Micro Data?
  by Hall, A D & Vella, Francis
• 62-85 The Gender Wage Gap in the 1990s
  by Langford, Malcolm S
• 86-103 Approaches to the Solution of Stochastic Intertemporal Consumption Models
  by Cooper, Russel J & Madan, Dilip B & McLaren, Keith R
• 104-12 Income Addiction and Efficiency Wages
  by Drago, Robert
• 113-19 Population Growth and the Benefits from Optimally Priced Externalities
  by Clarke, Harry R & Ng, Yew-Kwang
• 120-35 Experimentation in Economics: An Overview of the Stated-Preference Experimental Design Method
  by Madden, Gary
• 136-51 Transaction Costs and Markets for Science, Technology and Know-How
  by Tisdell, Clem

• 155-74 Monopoly Investment, Pricing and Production under Intertemporal Demand Uncertainty
  by Nickerson, David & Reynolds, Stanley
• 175-85 Competitive Long Run Industry Equilibrium and Factor-Price Uncertainty
  by Haruna, Shoji
• 186-99 Simultaneous Advertising as a Signal of Product Quality
  by Yang, Bill Z
• 200-214 A Multiple-Output Cost Function for Australian Universities
  by Lloyd, P J
• 215-27 Default Risk in Implicit Contract Models of the Credit Market
  by Olekalns, Nilss & Sibly, Hugh
• 228-38 Chinese Demand for Australian Wheat: Application of Market Share Models
  by Voon, Thomas J
• 239-52 Testing for Pricing Asymmetries in Customer Markets
  by Lye, J N & Sibly, H
• 253-71 The Wicksell-Keynes Connection: Dynamic Analysis, Loanable Funds, and Wage Flexibility
  by Amadeo, Edward J & Dutt, Amitava Krishna
• 272-85 Deregulation of the Australian Banking Sector: A Theoretical Perspective
  by Basu, Santonu
• 286-304 Achieving Macroeconomic Stability: The Role of Wage Indexation and Exchange Rate Policy
  by Van Gompel, Johan
• 305-08 Labour Apartheid in South Africa: Rent-Seeking Approach to Discriminatory Legislation: Comment
  by Hosking, Stephen & Cooper, Howard
• 309-11 Labour Apartheid in South Africa: A Rent-Seeking Approach to Discriminatory Legislation: Reply
  by Dollery, Brian

• 1-6 Foreign Production and Forward Markets
  by Broll, Udo
• 7-20 Lump Sum Menu Costs and the Labour Demand Curve
  by Cubitt, Robin P
• 21-26 The Treatment of Deductions under a Sales Tax
  by Grant, Simon & King, Stephen P
• 27-33 The Utility Maximising Firm: Price Stabilisation and Duality
  by Alaouze, Chris M
• 34-52 Exchange Equilibria: Bargaining, Utilitarian and Competitive Solutions
  by Creedy, John
• 53-61 Industrial Location, Advertising, and Entry Deterrence
  by Goel, Rajeev K
• 62-74 Do Movements in the Forward Discount on the Australian Dollar Predict Movements in Domestic Interest Rates? Evidence from a Time Series Analysis of Covered Interest Parity in Australia in the Late 1980s
  by Karfakis, Costas I & Phipps, Anthony J
• 75-95 Australian Short-Term Interest Rates: An Empirical Analysis of the Transmission Process, 1988-1991
  by Lim, G C & Martin, Vance L
• 96-106 The Real Wage Gap and Unemployment in the OECD
  by Madsen, Jakob Brochner
• 107-19 Some Tests of Competition in the Australian Housing Loan Market
  by Fahrer, Jerome & Rohling, Thomas
• 120-38 Measuring the Cost of Children
  by Bradbury, Bruce
• 139-54 Inequality and the Wheel of Fortune: Systemic Causes of Economic Deprivation
  by Gill, Flora

• 191-213 Endogenous Technological Change, Innovation Diffusion and Transitional Dynamics in a Nonlinear Growth Model
  by Nijkamp, Peter & Poot, Jacques
• 214-30 Efficient Labour Bargains, Unemployment and Non-union Wages: A Two Sector Model
  by Heywood, John S
• 231-47 International Capital Movements: Financial Arbitrage and Resource Transfers
  by Fausten, Dietrich K
• 248-57 The New Aggregate Demand Models: A Critical Perspective
  by Allen, Ralph C & Stone, Jack H
• 258-71 Theoretical Economics and Catastrophe Theory: An Appraisal
  by Pol, Eduardo
• 272-83 Interest-Rate Parity and Divergence of Views on Exchange-Rate Changes: An Upward-Sloping Supply Curve of Funds Even for a Small Country
  by Ng, Yew-Kwang & Fausten, Dietrich K
• 284-98 Testing for ARMA (1, 1) Disturbances in the Linear Regression Model
  by Rahman, Shahidur & King, Maxwell L
• 299-310 Price Expectations, Adjustment Time, and Policy Effectiveness
  by Gapinski, James H
• 311-19 The "Inverted Fisher Hypothesis": Does It Hold for Canada?
  by Grenier, J Serge
• 320-35 A Parsimonious Consumption Function for Australia: 1964 to 1990
  by Lester, Laurence H
• 336-54 Equalisation in a Federal Economy with Inter-state Migration
  by Petchey, Jeffrey D
• 355-74 Government Support for Inbound Tourism Promotion: Some Neglected Issues
  by Dwyer, Larry & Forsyth, Peter

• 1-10 An Optimal Taxation Policy for a Non-renewable but Quasi-infinite Energy Resource
  by Hanf, Claus-Hennig & Thampapillai, Dodo J
• 11-19 International Technology Transfer and Per-Unit Royalties
  by Wright, Donald J
• 20-39 Approaches to the Solution of Intertemporal Consumer Demand Models
  by Cooper, Russel J & McLaren, Keith R
• 40-52 Classical and Keynesian Unemployment in a Simple Disequilibrium AS-AD Framework
  by Dalziel, Paul
• 53-72 A Cointegration Approach to Monetary Targeting in Australia
  by Karfakis, Costas I & Parikh, Ashok
• 73-91 Real Wages and Distributional Conflict in the German Hyperinflation
  by Burkett, Paul & Burdekin, Richard C K
• 92-115 Immigrant Wage Differentials and the Role of Self-Employment in Australia
  by Kidd, Michael P
• 116-33 The Labour Supply Behaviour of Sole Mothers and Married Mothers in Australia: Evidence from the 1986 Income Distribution Survey
  by Ross, Russell & Saunders, Peter
• 134-51 The Determinants of Employment for Aboriginal People
  by Daly, Anne
• 152-60 An Empirical Test of Free-Rider Behaviour
  by Grossman, Philip J & Pirozzi, Marco & Pope, Jeff
• 161-74 An Analysis of Unreported Sales of Wheat in Sudan
  by Salih, Siddig A
• 175-84 The Economics of Economics: A Model of Research Discourse
  by Wallis, J L & Dollery, B E
• 185-90 Fiscal Deficits and Interest Rates: Comment
  by Miller, F C

• 219-33 Alfred Marshall's Principles of Economics: A Centenary Perspective from the Antipodes
  by Groenewegen, Peter
• 234-44 Increasing Returns and Marshall's Theory of Value
  by Hart, Neil
• 245-59 Profits under Conditions of Uncertainty
  by Balvers, Ronald J & Miller, Norman C
• 254-68 Government Intervention in the Provision of On-the-Job Training
  by Chapman, Bruce J & Stemp, Peter J
• 260-71 The Effects of Financial Market Deregulation on Bank Risk and Profitability
  by Harper, Ian R & Scheit, T
• 272-90 A General Equilibrium Analysis of a Major Project: The Multifunction Polis
  by Dixon, Peter B & Horridge, Mark & Johnson, David T
• 291-302 Corporatist and Decentralised Labour Unions in a Macroeconomic Model with Imperfectly Competitive Firms
  by Rowe, Nicholas
• 303-10 Sectoral Rigidities, Wage Inertia and Expectations
  by Bleaney, Michael
• 311-24 Wage Incentives in Labour-Managed and Profit Maximising Firms
  by Drago, Robert & Turnbull, Geoffrey K
• 325-45 Trade Union Membership and the Accord
  by Kenyon, Peter D & Lewis, Philip E T
• 346-53 On the Fleming Proposition: Implications of the Efficiency-Wage Hypothesis
  by Lai, Ching-chong
• 369-84 Consumption Smoothing and the Current Account
  by Milbourne, Ross & Otto, Glenn
• 385-98 No, Business Cycles Are Not All Alike: The United States and Australia Compared
  by Bowden, Roger J & Martin, Vance L
• 399-413 Tax-Deductible Saving in a Life Cycle Growth Model
  by Androkovich, Robert A & Daly, Michael J & Naqib, Fadle M
• 414-26 Commercial and Monetary Policy in a North-South Macroeconomic Model: Tariffs and VERs Compared
  by Murshed, S Mansoob
• 427-42 Determinants of Manufacturing Industry Exports: A Comparative Study of Australia, Republic of Korea, Singapore and Taiwan
  by Conlon, R M
• 443-59 The Tradeable Non-tradeable Dichotomy: A Practical Approach
  by Dwyer, Jacqueline

• 1-19 Testing the Causal Properties of Economic Theories: An Application to a Small Australian Macroeconomic Model
  by Martin, Vance L
• 20-46 Announcement Effects of Anticipated Monetary-Fiscal Policies at Home and Abroad
  by Argy, Victor
• 47-57 Income Tax Changes and Trade Union Wage Demands
  by Creedy, John & McDonald, Ian M
• 58-76 Labour Market Segmentation and the Persistence of Occupational Sex Segregation in Australia
  by Watts, Martin J & Rich, Judith
• 77-93 The Causes of Unemployment in Australia, 1966-1987
  by Huay, Ooi Soon & Groenewold, Nicolaas
• 94-110 Wage Bargaining, Public Policies and Underemployment of Educated Workers in LDCs
  by Banerjee, Asis Kumar & Ghosh, Dipak
• 111-26 Trade Union Objectives, Strike Frequency and the Phillips Curve
  by Phipps, A J
• 127-45 Individual and Collective Rationality in the Household
  by Lloyd, P J
• 146-57 Lifetime Inequality and Higher Education Grants: A Public Choice Approach
  by Creedy, John & Francois, Patrick
• 158-63 Educational Fees Repayable as a Tax and the Demand for Education
  by Clarke, Harry R
• 164-76 An Analysis of the Potential Externalities Affecting the Borrowing Behaviour of Developing Countries
  by Levy, Amnon
• 177-202 Incorporating Interfactor and Interfuel Substitutions in General Equilibrium Energy Models
  by Jaforullah, Mohammad
• 203-17 Analysis and Ideology in Malthus's Essay on Population
  by Waterman, A M C

• 171-91 Australian Banking Performance in an Era of Deregulation
  by Milbourne, Ross & Cumberworth, Matthew
• 192-201 A Social Loss Approach to Testing the Efficiency of Australian Financial Futures
  by Brooks, Robert D
• 203-20 Foreign Competition, Insiders and the Range of Macroeconomic Equilibria
  by McDonald, Ian M
• 221-40 A Queensland Input-Output Econometric Model: An Overview
  by West, Guy R
• 241-63 Temporary Oil Production and Macroeconomic Adjustment
  by Harvie, Charles
• 264-77 What Is the Matter with Aggregate Demand and Aggregate Supply?
  by Rao, B Bhaskara
• 278-86 A Comment on Aggregate Demand
  by Perry, L J
• 287-89 Income Inequality Adjusted Growth Rates
  by Paul, Satya & Rao, B Bhaskara
• 290-309 Australian Economic Nationalism: Old and New
  by Bryan, Dick
• 310-15 Manna from Heaven and Wage Adjustment
  by Felmingham, Bruce S
• 316-33 Primary Factor Substitution and the Real Wage Explosions
  by Rimmer, Maureen
• 334-40 A Note on Optimal Monetary and Wage Indexation Policies in a Small Open Economy
  by Benavie, Arthur & Froyen, Richard
• 341-47 A Note on the Optimality of the Rational Expectations Hypothesis
  by Jeong, Jinook
• 348-54 The Impact of Administrative Changes on the Distribution of the Minimum Rate
  by Easton, S A & Thomson, N J
• 355 Correction [Evaluating Telecom's Cross-subsidies: Political Favours at Heavy Cost?]
  by Albon, Robert

• 1-9 What People Know and What Economists Think They Know: Surveys on Ricardian Equivalence
  by Gruen, David W R
• 10-20 Evaluating Telecom's Cross-subsidies: Political Favours at a Heavy Cost?
  by Albon, Robert
• 21-27 Why Is Evidence for Implicit Contracts in the Labour Market So Scarce?
  by Bleaney, Michael
• 28-49 Sex Discrimination and Non-random Sampling in the Australian Labour Market
  by Kidd, Michael P & Viney, Rosalie
• 50-69 Male-Female Wage Differentials in Australia: A Reassessment
  by Miller, Paul & Rummery, Sarah
• 70-85 The Productivity Growth Slowdown of the Advanced Countries and the Inter-sectoral Reallocation of Labour
  by McCombie, J S L
• 86-98 Optimal Union Wage Setting Behaviour, and the Effectiveness of Short-Run Monetary Stabilization Policy
  by Naish, Howard F
• 99-113 A Statistical Analysis of the Crowding Out Effects of Government Investment in the Railways and Other Public Enterprises in Nineteenth Century Australia
  by Lougheed, Alan L & Tamaschke, Rick H U
• 114-27 Intertemporal Water Transfers and Drought
  by Alaouze, Chris M
• 128-47 Purchasing Power Parity and Relative Price Variability: The Missing Link?
  by Manzur, Meher
• 148-63 Valuation Effects, Currency Contract Impacts and the J-Curve: Empirical Estimates
  by Wood, Gavin A
• 164-69 Negative Marginal Cost and Disposal: Implications for the Theory of the Firm
  by Glustoff, Errol & Wickham, Elizabeth

• 141-53 Marshall, Monopoly and Rectangular Hyperbolas
  by Creedy, John & O'Brien, D P
• 154-81 How Reliable Are Estimates of Poverty in Australia? Some Sensitivity Tests for the Period 1981-82 to 1985-86
  by Bradbury, Bruce & Saunders, Peter
• 182-98 The Implicit Psychology of the Theory of the Rational Consumer: An Interpretation
  by Drakopoulos, Stavros A
• 199-225 An Econometric Analysis of the Australian Current Account Balance
  by Meer, Anthony J & Heijdra, Ben J
• 226-48 Trade Unions and Job Satisfaction
  by Miller, Paul W
• 249-59 Research Output in Australian University Economics Departments: An Update for 1984-88
  by Harris, G T
• 260-65 Do Working Wives Increase Family Income Inequality in Australia?
  by McNabb, Robert & Moss, Jon
• 266-72 Sharing the Cost of Investment in General Training
  by Chiang, Shih-Chen & Chiang, Shin-Hwan
• 272-82 Cost, Technology and Input Demand in the Tasmanian Sawmilling Industry
  by Campbell, H F & Jennings, S M
• 283-86 Walras's Law in Macroeconomic Disequilibrium: A Reply
  by Rhodes, James R
• 287-88 On Disequilibrium Supply and Demand: Rejoinder
  by Greenfield, Robert L

• 1-20 Rational Expectations, Bubbles and Monetary Models of the Exchange Rate: The Australian/U.S. Dollar Rate during the Recent Float
  by Kearney, Colm & MacDonald, Ronald
• 21-29 Perfect Foresight, Money Demand Elasticities and Exchange-Rate Dynamics: An Analysis of the Two-Tier Float Regime
  by Lai, Ching-Chong & Chang, Wen-Ya
• 30-39 Testing the Degree of International Capital Mobility
  by Monadjemi, M
• 40-52 Consumption, Cointegration and Rational Expectations: Some Australian Evidence
  by MacDonald, Ronald & Kearney, Colm
• 53-67 On Completing the Micro-foundations of New Classical Macroeconomic Models
  by Dean, James W
• 68-84 Efficiency Wages: An Experimental Analysis
  by Drago, Robert
• 85-100 Marx's Social Dynamics and Neutral Technical Progress: A Contradiction?
  by Groll, Shalom & Orzech, Ze'ev B
• 101-06 The Defect in Ricardo's Argument for the 93 per cent Labour Theory of Value
  by Coleman, William
• 107-12 Verdoorn's Original Model and the Verdoorn Law Controversy: Some New Empirical Evidence Using the Australian Manufacturing Data
  by Bairam, Erkin
• 113-27 Labour Apartheid in South Africa: A Rent-Seeking Approach to Discriminatory Legislation
  by Dollery, Brian
• 128-40 Monopoly and ex-post Contestable Markets
  by Appelbaum, Elie & Lim, Chin

• 167-80 Time-Consistent Policy: A Survey of the Issues
  by McKibbin, Warwick J
• 181-200 Weighted Monetary Aggregates: An Empirical Study Using Australian Monetary Data, 1969-1987
  by Horne, Jocelyn & Martin, Vance L
• 201-08 The Specification and Estimation of the Output Equation in the Rational Expectations Model with Gradual Price Adjustment
  by Rao, B Bhaskara & Srivastava, V K
• 209-18 Fiscal Deficits and Interest Rates: A Multi-country Analysis
  by Monadjemi, Mehdi S
• 219-35 Workers' Compensation, Unemployment and Industrial Accidents: An Inter-temporal Analysis
  by Wooden, Mark
• 236-45 Contracts, Competitive Bidding and Market Forces: Recent Experiences in the Supply of Local Bus Services
  by Hensher, David A & Beesley, Michael E
• 246-52 Airline Deregulation: A Footnote on the Missing Entrants
  by Lazar, Fred
• 253-66 On the Welfare Economics of Capital Punishment
  by Cameron, Samuel
• 267-79 Asymmetric Pricing as a
  by Gosling, S M
• 280-87 Artists' Subsidy of the Arts: Comment
  by Grossman, Philip J & Kenyon, Peter
• 288-89 Artists' Subsidy of the Arts: Reply
  by Withers, Glenn

• 1-15 Keynes's Anticipation of Monetarism
  by Walker, Donald A
• 16-28 The Nature and Role of Equilibrium in Keynes's General Theory
  by Asimakopulos, A
• 29-38 Financial Integration, Short Run Exchange Rate Volatility in Portfolio Balance Models
  by Argy, Victor
• 39-56 The Structure of Aboriginal and Non-aboriginal Youth Unemployment
  by Miller, Paul W
• 57-75 Earnings, Education and Experience: Is Australia Different?
  by McNabb, Robert & Richardson, Sue
• 76-92 Worker Solidarity and Strikes
  by Varoufakis, Yanis
• 93-102 Strike Incidence in New Zealand: A New Econometric Approach
  by Bairam, Erkin I & Howells, John M
• 103-11 Inter-industry Differences in the Factor-Augmenting Bias of Technological Change
  by Dixon, R & McCombie, J
• 112-22 Australian State Consumption Functions 1951-1984
  by Dewhurst, J H Ll
• 123-40 New Crop Varieties: Impact on Diversification and Stability of Yields
  by Tisdell, Clem A & Alauddin, Mohammad
• 141-59 Deregulation: Small Business Access to the Capital Market--Theoretical Issues with Special Reference to Australian Bank Finance
  by Basu, Santonu
• 160-65 Non-nested Hypothesis Tests: A Diagrammatic Exposition
  by Kennedy, Peter

• 149-58 The Persistent U.S. Trade Deficit
  by Krugman, Paul R
• 159-72 Japan as a Pacific and World Economic Power
  by Drysdale, Peter
• 173-86 Asia's Giant
  by Garnaut, Ross
• 187-95 Too Little, Too Late: Australia's Future in the Pacific Economy
  by Hughes, Helen
• 196-212 A Re-assessment of Australian Economic Growth in the Light of the Convergence Hypothesis
  by Dowrick, Steve & Nguyen, D T
• 213-32 Assets Markets, the Current Account and Exchange Rate Determination: An Empirical Model of the Sterling/Dollar Rate 1973-1983
  by Kearney, Colm & MacDonald, Ronald
• 233-46 Measurement Costs, Relative Evaluation and Mandatory Education Requirements
  by Ferris, J Stephen & Shaw, Daniel J
• 247-52 Regulatory Control over Quantity Risk
  by Shaffer, Sherrill
• 253-71 Arthur Okun and the Lucasian Critique
  by Lodewijks, John
• 272-84 The Neoclassical Economic Research Program: Some Lakatosian and Other Considerations
  by Heijdra, Ben J & Lowenberg, Anton D
• 285-97 A Theory of Market Quantity Controls: The Use of Disequilibrium and Bargaining Theories
  by Oczkowski, Edward
• 298-312 Minimum Plant Size and Oligopolistic Markets in a Classical Multisectoral Model
  by D'Agata, Antonio

• 1-19 Benefit-Induced Female Sole Parenthood in Australia, 1973-85
  by McDonald, John & Spindler, Zane A
• 20-32 Economic Incentives and the Pattern of the Australian Tariff
  by Aislabie, Colin
• 33-43 Growth in Government and Economic Growth: The Australian Experience
  by Grossman, Philip J
• 44-64 Market Information and Potential Insolvency of Australian Financial Institutions
  by Gross, E & Hogan, Warren P & Sharpe, Ian G
• 65-82 Economic Models of Fertility Behaviour in Australia
  by Miller, Paul W
• 83-101 The Effects of Birthplace on Male Earnings in Australia
  by Tran-Nam, Binh & Nevile, John W
• 102-10 Research Output in Australian University Economics Departments, 1974-83
  by Harris, Geoffrey Thomas
• 111-27 The Rybczynski and Stolper-Samuelson Theorems in the Presence of External Economies of Scale
  by Burney, Nadeem A
• 128-35 Australia's Import Demand for Printing and Writing Paper: A Short Run Estimate
  by Hossain, M M & Morris, P
• 136-41 The Demand for Money in a Period Analysis Context, the Irrelevance of the "Choice of Market" and the Loanable Funds-Liquidity Preference Debate
  by McGregor, Peter G
• 142-44 Porter's Hint and Alternative Theories of the Giffen Paradox: A Reply
  by Dooley, Peter C
• 145-46 Porter's Hint and Alternative Theories of the Giffen Paradox: A Rejoinder
  by White, Michael

• 1-6 Macroeconomic Modelling in Australia: Foreword
  by Burns, Michael E
• 7-25 Some Recent Developments in Macroeconometric Modelling in the United Kingdom
  by Wallis, Kenneth F
• 26-28 Some Recent Developments in Macroeconometric Modelling in the United Kingdom: Comment
  by Gregory, R G
• 29-56 Macroeconometric Model Evaluation, with Special Reference to the NIF88 Model
  by Simes, Richard M
• 57-60 Macroeconometric Model Evaluation with Special Reference to the NIF88 Model: Comment
  by Sowey, Eric R
• 61-88 Rational Expectations in Financial Markets and the Murphy Model
  by Murphy, C W
• 89-91 Rational Expectations in Financial Markets and the Murphy Model: Comment
  by McKenzie, Colin R
• 92-104 Recent Developments in Forecasting with the ORAN I Model
  by Dixon, Peter B & Parmenter, B R
• 105-07 Recent Developments in Forecasting with the ORAN I Model: Comment
  by Cooper, Russel J

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