Australian Economic Papers

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Editor: Daniel Leonard
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1988, Volume 27, Issue 0

• 108-20 VAR Forecasting Models of the Australian Economy: A Preliminary Analysis
  by Trevor, R G & Thorp, S J
• 121-25 VAR Forecasting of the Australian Economy: A Preliminary Analysis: Comment
  by Terrell, Deane
• 126-50 Policy Analysis with the MSG2 Model
  by McKibbin, Warwick J
• 151-54 Policy Analysis with the MSG Model: Comment
  by Argy, Victor
• 155-70 Design of the NIF88 Model
  by Simes, Richard M & Horn, Peter
• 171-74 Design of the NIF88 Model: Comment
  by Hall, V B
• 175-99 An Overview of the Murphy Model
  by Murphy, C W
• 200-202 An Overview of the Murphy Model: Comment
  by Brooker, R J

• 165-78 Testing for Sexual Discrimination in the Labour Market
  by Riach, Peter A & Rich, Judith
• 179-87 Policy Ineffectiveness: Tests with Australian Data
  by Siegloff, Eric S & Groenewold, Nicolaas
• 188-96 Leads and Lags in the Australian Business Cycle: A Canonical Approach in the Frequency Domain
  by Martin, Vance L
• 197-215 Monopoly Equilibria and Catastrophe Theory
  by Bonanno, Giacomo
• 216-24 Threats as Credible Deterrents to Cheating in Cartels: A Comparative Analysis in a Static Framework
  by Rothschild, R
• 225-36 Wool Prices and Publicly Available Information
  by Goss, Barry A
• 237-53 Are Gamblers Really Risk Takers?
  by Bird, Ron & McCrae, Michael & Beggs, John J
• 254-64 A Model of Tax Evasion Incorporating Income Variation and Retroactive Penalities
  by Russell, A M & Rickard, J A
• 265-74 Muth's Concept of Rational Expectations
  by McDonald, John
• 275-93 Keynes with a Perfectly Competitive Goods Market
  by Dutt, Amitava Krishna
• 294-317 The Transformation Problem: An Obituary
  by Glick, Mark & Ehrbar, Hans G
• 318-27 Export Instability, Investment and Economic Growth in Developing Countries
  by Lim, David
• 328-31 Porter's 'Hint'? A Note
  by White, Michael
• 332-36 On Optimal Second-Best Trade Intervention in the Presence of a Domestic Divergence
  by Britten-Jones, Mark & Nettle, Richard S & Anderson, Kym
• 337-38 Alternative Aggregate Demand Functions in Macroeconomics: Some Comments
  by Hall, P H & Treadgold, M L

• 1-19 Fairness in the Real World: Rules, Choices, Expectations and Policies
  by Abelson, Peter W
• 20-42 The Verdoorn Law, Returns to Scale and Industrial Growth: A Review of the Literature
  by Bairam, Erkin I
• 43-57 Exchange Rates, Policy Rules and Inflation
  by Pitchford, John David & Vousden, Neil J
• 58-70 A Post-Keynesian Model of Macrodynamics with an Expectations Hypothesis
  by Morita, Masanori
• 71-82 Fiscal Policy in a Two Good Open Economy [Expansionary Fiscal Policy and the Exchange Rate: A Review]
  by Fender, John
• 83-100 Fitting Money into Conventional Macroeconomic Models
  by Karacaoglu, Girol
• 101-18 The Nairu, Structural Imbalance and the Macroequilibrium Unemployment Rate
  by Mitchell, William F
• 119-29 Labour Turnover and Wage Determination
  by Chapman, Bruce J
• 130-44 Unemployment, Economic Theory and Labour-Market Deregulation
  by Aspromourgos, Tony
• 145-56 Political Economy as Moral Philosophy: Dugald Stewart of Edinburgh
  by Rashid, Salim
• 157-64 A Test of the Shiller-Siegel Hypothesis of the Gibson Paradox [The Gibson Paradox and Historical Movements in Real Interest Rates]
  by Lee, Chi-Wen Jevons & Petruzzi, Christopher R

• 147-74 Privatisation: An Interpretative Essay
  by Hensher, David A
• 175-92 Cost Functions for Australian Universities
  by Throsby, C D
• 193-205 Testing Further Restrictions on Portfolio Models
  by McLaren, Keith R & Upcher, Mark R
• 206-21 Ricardo's Mantle
  by Rutherford, Robert P
• 222-35 Unemployment Patterns in the Youth Labour Market
  by Miller, Paul W
• 236-46 Demand, Supply and Adjustment of Farm Labour in Australia
  by Evans, Scott F & Lewis, Philip E T
• 247-51 The Tax Smoothing Hypothesis: Some Australian Empirical Results
  by Kingston, Geoffrey H & Layton, Allan P
• 252-56 Incomplete Information, Non-wage Benefits and Desirable-Worker Self Selection
  by Katz, Eliakim & Ziderman, Adrian
• 257-60 Walras's Law in Macroeconomic Disequilibrium
  by Greenfield, Robert L
• 261-64 Alternative Aggregate Demand Functions in Macroeconomics
  by Rao, B Bhaskara
• 265-71 Marx, Roemer and the Theory of the Falling Rate of Profit
  by Coram, B T

• 1-16 What Do We Really Know about Monetary Policy?
  by Laidler, David
• 17-32 Direct Index Numbers and Demand Theory
  by Kohli, Ulrich
• 33-46 The Response of Australia's Trade Balance under Different Exchange Rate Regimes
  by Felmingham, B S & Divisekera, Sarath
• 47-56 An Empirical Analysis of the Effects of a Change in the Mix of Directand Indirect Taxation
  by Meagher, G A
• 57-66 A Causality Analysis of Australia's Growth Cycle and the Composite Index of Leading Indicators
  by Layton, Allan P
• 67-82 Australian Capital Inflow, Sectional Prices and the Terms of Trade: 1870-1939
  by Pope, David H
• 83-93 Some Unneoclassical Results in Neoclassical Investment Theory
  by Sandelin, Bo
• 94-105 Land and Choice of Techniques within the Sraffa Framework
  by Salvadori, Neri
• 106-17 Modelling Electricity Demand in Western Australia
  by Stromback, C T
• 118-21 An Alternative Theory of Upward Sloping Age-Earnings Profiles
  by Shaffer, Sherrill L
• 122-27 Fix Price-Flex Price in Development Economics
  by Ghosh, Dipak
• 128-34 Producers Surplus in a Dynamic Situation and the Welfare Gains from Price Stabilisation
  by Hossain, T & Maxwell, P
• 135-43 On the Relationship between Exploration and Extraction
  by Fraser, Robert W
• 144-46 W. F. Lloyd and Socialism: A Note
  by Gilbert, Geoffrey N

• 227-41 Japan Faces Affluence
  by Bronfenbrenner, Martin
• 242-57 The Hancock Report on Australia's Industrial Relations System
  by Covick, Owen
• 258-70 Optimal Human and Physical Capital Accumulation in a Fixed-Coefficients Economy
  by Manning, Richard
• 271-77 On the Upper- and Lower-Bounds of Workers' Propensity to Save in a Two-Class Pasinetti Economy
  by Franke, Reiner
• 278-89 Surprise Price Shifts, Tax Changes and the Supply Behaviour of Resource Extracting Firms
  by Long, Ngo Van & Sinn, Hans-Werner
• 290-95 Artists' Subsidy of the Arts
  by Withers, Glenn
• 296-309 Sex and Location Differences in Wages in the Australian Public Service
  by Chapman, Bruce J
• 310-25 Error Removal, Loss Reduction and External Effects in the Theory of Strikes
  by Johnes, Geraint
• 326-36 The Impact of Defence Spending on the Australian Economy
  by Liew, L H
• 337-49 Boiteux-Ramsey Pricing of Road and Rail under a Single Budget Constraint
  by Taplin, J H E & Waters, W G, II
• 350-55 On the Rationality of the Rational Expectations Hypothesis
  by Stegman, Trevor R
• 356-69 Are Expectations of Short-term Interest Rates Rational?
  by Juttner, D Johannes & Tuckwell, Roger H & Luedecke, Bernd P
• 370-79 Productivity Progress Parameters for Manufacturing in an LDC: The Startup or Learning Phase in Bangladesh Jute Mills
  by Kibria, Muhammad G & Tisdell, Clement A
• 380-93 An Alternative Approach to the Specification of Approximate Demand Systems
  by Alcordo, Eduard A & Johnson, Lester W
• 394-403 Alternative Policies for Foreign Investment in the Presence of Tariff Distortions
  by Chen, Tain-Jy

• 1-23 Real Wages, Unemployment and Economic Policy in Australia
  by Burns, Michael E & Mitchell, William F
• 24-36 The Orani Model in Short Run Mode: Theory versus Observation
  by Cronin, M R
• 37-53 Short-run Applications of Orani: An Impact Project Perspective
  by Powell, Alan A
• 54-65 The Effects of Financial Targets on the Behaviour of Monopoly Public Enterprises
  by Albon, Robert
• 66-75 Economic Factors Affecting the Number of Engineering Graduates in Australia
  by Lewis, P E T & Vella, F G M
• 76-94 The GATT Agreement on Government Procurement: Canada and Australia
  by Joson, S S
• 95-114 Measures of Economic Welfare: Discussion and Application to Sydney
  by Abelson, P W
• 115-26 Substitution between Young and Adult Workers in Australia
  by Lewis, Philip E T
• 127-41 The Effects on the Economy of Changing Unemployment Benefits and Pensions
  by Stemp, Peter J
• 142-53 Australian Demand for Military Expenditures: 1961-1979
  by Murdoch, J C & Sandler, T
• 154-68 Distinguishing between Australian Demand for Money Models
  by Milbourne, Ross
• 169-84 Scientific Rationality, Value Judgments, and Economic Advice
  by Dwyer, Larry
• 185-200 Prota: A New Measure of the Progressivity of Personal Income Taxation
  by Alchin, Terry
• 201-05 Giffen's Hint?
  by Dooley, Peter C
• 206-09 Misspecification: Excluding and Including Variables Simultaneously
  by Kadiyala, Krishna
• 210-13 Price Leadership without Collusion
  by Shaffer, Sherrill
• 214-17 The Grants Commission's Relativities Proposals: A Comment
  by Mathews, Russell
• 218-21 The Grants Commission's Relativities Proposals: Effects on the State Economies-A Reply
  by Madden, J R & Challen, D W & Hagger, A J
• 222-24 Protection and Employment in the Motor Car Sector: A Note
  by Parry, Thomas G
• 225 Protection and Employment in the Motor Car Sector: A Further Comment
  by Cronin, M R

• 167-78 Managed Exchange Rates and Exchange Control: A Theoretical Analysis
  by Butlin, M W
• 179-96 Estimation in Equilibrium Models Involving Discretionary Policy Instrument Choice
  by Hillier, Grant H & Giles, David E A
• 197-205 Expectations and the New Classical Economics
  by Torr, Christopher S W
• 206-18 The Welfare Costs of Owner-Occupier Housing Subsidies: Inflation, Tax Treatment, and Interest Rate Regulation
  by Albon, Robert & Findlay, Christopher & Piggott, John
• 219-34 Wage Indexation in a Two-Sector Economy: A Generalisation
  by Baldry, J C
• 235-48 Do Wage Subsidies Stimulate Training? An Evaluation of the Craft Rebate Scheme
  by Merrilees, W J
• 249-58 Unemployment and the Distribution of Income
  by Sampson, A A
• 259-80 Industrial Demand for Electricity in South Australia
  by Rushdi, Ali Ahmed
• 281-90 Structural Change: The South Australian Experience
  by Bierbaum, C B

• 1-26 The Scope for Tariff Reform Created by a Resources Boom: Simulations with the ORANI Model
  by Higgs, Peter J & Parmenter, B R & Powell, Alan A
• 27-37 The Specific Effect of Specific Road Grants in South Australia
  by Starkie, David
• 38-51 Protection and Employment in the Motor Car Sector
  by Cronin, M R
• 52-60 The Retail Demand for Electricity in Tasmania
  by Donnelly, W A & Saddler, H D W
• 61-70 The Causes and Consequences of Interruptions to Full-Time Education
  by Miller, Paul W
• 71-78 Drug Prices in the UK, USA, Europe and Australia
  by Reekie, W Duncan
• 79-90 Rational Expectations, Gradual Price Adjustment and Monetary Policy in Australia
  by Horne, Jocelyn & McDonald, Ian M
• 91-104 Trade Unions, Wage Relativities and Employment
  by Kierzkowski, Henryk
• 105-11 Demand Fluctuations, Inventories and Flexibility
  by Fraser, R W
• 112-22 Walras' Law and Clower's Inequality
  by Rhodes, James R
• 123-29 The Standard Commodity and the Theory of Income Distribution-A Critical Note
  by Flaschel, Peter
• 130-50 On the Classical Theory of Competition, Value and Prices of Production
  by Semmler, Willi
• 151-66 Full Cost Pricing: A New Wine in a New Bottle
  by Lee, Frederic S
• 167 Erratum [Neo-Walrasian Macroeconomics Microfoundations and Pseudo-Production Models]
  by Roger, Colin

• 259-79 Economic Aspects of the Parole Decision
  by Lewis, Donald E
• 280-89 Organising the Receptor Side of Pollution Rights Markets
  by Howe, Charles W & Lee, Dwight R
• 290-301 Inflation and Australian Savings Behaviour, 1959-1981
  by Bladen-Hovell, R C & Richards, G M
• 302-21 The Grants Commission's Relativities Proposals: Effects on the State Economies
  by Madden, J R & Challen, D W & Hagger, A J
• 322-32 Determinants of Earnings Inequality amongst Australian Artists
  by Snooks, G D
• 333-44 Australian Unemployment: Some Evidence from Industry Labour Demand Functions
  by Phipps, A J
• 345-55 Advertising and Profitability in Australian Manufacturing
  by Round, David K
• 356-63 A Note on Organisational Slack and Market Power in Australian Manufacturing
  by Mangan, John & Regan, Philip
• 364-73 The Verdoorn Law and the Salter Mechanism: A Note on Australian Manufacturing Industry
  by Metcalfe, J S & Hall, P H
• 374-83 The Determinants of Seller Concentration in New Zealand Manufacturing Industry
  by Pickford, Michael
• 384-410 Inport Quotas, Resource Development and Intersectoral Adjustment
  by Crowley, P T & O'Mara, L P & Campbell, R
• 411-17 The IMPACT Macro Package and Export Demand Elasticities
  by Parmenter, B R
• 418-30 Credit Flows and the Money Supply
  by Milbourne, Ross D
• 431-47 Macroeconomics with Non-Perfect Competition: Tax Cuts and Wage Increases
  by Ng, Yew-Kwang & McGregor, L
• 448-53 A Mark-Up Approach to the Distribution of Aggregate Profits
  by Dixon, Robert
• 454-66 A Reconsideration of Exchange and Accumulation in Marx [Marxian Economics as General Equilibrium Theory]
  by Mainwaring, L
• 467-76 Wicksell and the Akerman Axe Model: A Re-Examination
  by Coleman, W O
• 476-86 On Negligibility of Asset-Specific Risks at the Capital Market Equilibrium
  by Kwon, Young K
• 487-90 Wealth, Rank, Risk Aversion and the Friedman-Savage Utility Function
  by Katz, Eliakim
• 491-94 Multinational Companies and National Welfare
  by De Meza, David
• 495-98 Cost Function Bias and Linear Quadratic Stabilisation
  by Campbell, Robert B
• 499-506 Varieties of the LIML Estimator
  by Pollock, D S G

• 1-29 The Decline in Australia's Economic Performance in the 1970s: An Analysis of Annual Data
  by Norton, W E & McDonald, R
• 30-47 Schools of Thought in Macroeconomics: The Method Is the Message
  by Dow, Sheila C
• 48-59 Equal Pay for Women: A Re-Assessment of the Australian Experience
  by McGavin, P A
• 60-64 Equal Pay for Women: A Reply [Segmented Labour Market Theories and the Australian Experience of Equal Pay for Women]
  by Gregory, R G & Duncan, R C
• 65-67 Equal Pay for Women: A Postscript [Segmented Labour Market Theories and the Australian Experience of Equal Pay for Women]
  by McGavin, P A
• 68-82 Concepts in Australian Unemployment Statistics to 1940
  by Endres, Anthony M & Cook, Malcolm
• 83-89 Comparisons of the Structural Progressivity of the Personal Income Tax
  by Schueler, Manfred & Terry, Chris
• 90-98 Intertemporal Comparisons of Income Tax Progressivity: 1950-51 to 1979-80
  by Alchin, Terry Maxwell
• 99-105 Price Trends in Wool Prices when Sydney Futures Are Actively Traded
  by Taylor, Stephen J
• 106-18 The Thoroughbred Gambling Market: Efficiency, Equity and Related Issues
  by Tuckwell, R H
• 119-31 The Australian Tariff as a Selective Employment Policy Instrument: An Empirical Study
  by Aislabie, C J
• 132-43 The Historical Approach to Rent and Price Theory Reconsidered
  by Fine, Ben
• 144-70 Natural Prices, Market Prices and Effective Demand in Malthus
  by Costabile, Lilia
• 171-79 Value and Exploitation under Joint Production
  by Akyuz, Yilmaz
• 180-200 Classical and Neoclassical Theories of General Equilibrium [A Review Article]
  by Cohen, Avi J & Cohen, Jon S
• 201-20 Neo-Walrasian Macroeconomics, Microfoundations and Pseudo-Production Models
  by Rogers, Colin
• 221-32 Growth and Impoverishment in a Dual Economy with Capital Imports
  by Mehmet, Ozay
• 233-54 Toward a Unified Theory of Nonmarket Institutional Structures
  by Sandler, Todd & Cauley, Jon & Tschirhart, John
• 255-57 Sraffa after Marx: A Correction
  by Watts, Martin J

• 219-43 Work and Welfare in the Years Ahead
  by Gregory, R G
• 245-60 Kalecki's Review of Keynes' General Theory
  by Targetti, Ferdinando & Kinda-Hass, Bogulslawa
• 261-69 Alfred Marshall and the Origins of His "Memorandum on the Fiscal Policy of International Trade" (1903): Some Unpublished Correspondence
  by Wood, John C
• 270-85 Malthus on the Doctrine of Proportions and the Concept of the Optimum
  by Pullen, John
• 286-93 International Trade in Sheep and Wool: Optimal Policies with a Productive Biological Resource
  by Manning, R
• 294-308 The Demand for Agricultural Research in Australia, 1870-1914
  by McLean, Ian W
• 309-20 A Critical Examination of the Domestic Air Transport Policy Review
  by Kirby, Michael G
• 321-31 Multinational Enterprise Investment and Import Substitution in Latin America
  by Svedberg, Peter
• 332-44 Beginning- and End-of-Period Specifications of Asset Demand Functions in Balance-of-Payments Theory
  by Kohli, Ulrich R
• 345-51 On the Destabilising Effects of Balance of Payments Sterilisation
  by Bond, Eric & Mitchell, Douglas
• 352-64 Optimal Tax Policy if a Direct Investor Exercises Monopsony Power
  by McCormick, Barry
• 365-78 Sensitivity and Key Sector Analysis in Input-Output Models
  by West, G R
• 379-91 The Estimation of an Accelerator-Type Investment Function with a Profitability Constraint, by the Technique of Switching Regressions
  by Stegman, Trevor R
• 392-406 Estimation of Translog Demand Systems
  by McLaren, Keith
• 407-15 Kinks and Catastrophes: A Note on the Relevance of Catastrophe Theory for Economics [Catastrophe Theory, Utility Theory and Animal Spirit Expectations]
  by Dodgson, J S
• 416-20 A Note on Identifiability in the Linear Expenditure Family
  by Fisher, Gordon & McAleer, Michael & Whistler, Diana
• 421-24 The Rate of Exploitation and the Wage-Share as Weighted Sums of Sectoral Measures
  by Dixon, R J

• 1-17 History and Political Economy: Smith, Marx and Marshall
  by Groenewegen, Peter D
• 18-36 Keynes' Theory of Effective Demand Revisited
  by Asimakopulos, A
• 37-48 Aggregate Demand Curves: A Guide to Use and Abuse
  by Hall, P H & Treadgold, M L
• 49-60 Fiscal Policy in a Perfect-Foresight Model with "Useful" Government Expenditure
  by Groenewold, Nicolaas
• 61-68 Concepts of Equilibrium for Keynesian Economic Theory
  by Madden, Paul
• 69-84 Structural Change and Employment Prospects for Migrants in the Australian Workforce
  by Cook, L H & Dixon, P B
• 85-105 The Australian Export Expansion Grants Scheme
  by Kleiman, Ephraim & Pincus, Jonathan J
• 106-22 Engel Curves for Meat Consumption in Australia
  by Ryan, D L & Wales, T J & Woodland, A D
• 123-37 Transport Economics and Urban Transport Planning
  by Abelson, P W
• 138-47 Transport Economics and Urban Transport Planning: A Reply and Comment
  by Hensher, David A
• 148-69 The Supply and Demand for Hospital Beds in New South Wales
  by Richardson, J & Yusuf, Farhat
• 170-76 Rent-A-Rig
  by Neher, Philip A
• 177-92 The Generalised Addilog Demand System Applied to Australian Time Series and Cross-Section Data
  by Bewley, R A
• 193-99 Substitutes for Depletable Resource and the Monopolistic Conservationist Presumption
  by Hillman, A L & Long, N V
• 200-206 Income Distribution in the Pasinetti Model: Comment on Woodfield and McDonald
  by Baranzini, Mauro
• 207-13 Income Distribution in the Pasinetti Model: Reply to Baranzini
  by Woodfield, Alan & McDonald, John
• 214-18 A Note on Some Economic and Welfare Aspects of Working-Time Regulation
  by Rothschild, K W

• 193-204 The Australian Case for Protection Reconsidered
  by Manger, Gary J
• 205-18 Economic 'Laws,' the Law of Value, and Chinese Socialism
  by Raichur, Satish
• 219-34 Time Preference, the Rate of Interest and Abstinence from Accumulation
  by Steedman, Ian W
• 235-57 Perish Commerce] Free Trade and Underconsumption in Early British Radical Economics
  by King, J E
• 258-82 Modelling the Peopling of Australia: 1900-1930
  by Pope, David
• 283-98 General Equilibrium Assessment of a Free Area between Two Small Countries: Australia and New Zealand
  by Thomas, D J
• 299-308 The Australian Road Freight Industry: Is There a Need for Government Regulation?
  by Rosengren, Eric & Webb, George
• 309-24 The Demand for Owner-Occupied Housing
  by Yates, Judith N

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