The Economic Record

1925 - 2025

Current editor(s): Paul Miller, Glenn Otto and Martin Richardson

From The Economic Society of Australia
Contact information at EDIRC.
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The Quantity Theory is Always and Everywhere Controversial—Why? pp. 289-306: David Laidler
The Social Opportunity Cost of Foreign Exchange: A Partial Defence of Harberger et al pp. 307-316: George Fane
Predicting the Monthly and Annual Current Account Balance from Provisional Data pp. 317-330: Ronald Bewley and Thomas Parry
A Reinterpretation of the CIE Projections of the Long‐Run Economic Effects of Immigration pp. 331-337: B. R. Parmenter and Matthew W. Peter
Regional Consumption Patterns in Australia: A System‐Wide Analysis pp. 338-345: Saroja Selvanathan
Models of Trade Union Behaviour: A Synthesis pp. 346-359: John Creedy and Ian McDonald

Decentralization, Competition and the Efficiency of Federalism pp. 193-204: Alan Hamlin
Occupational Segregation, Earnings Differentials and Status among Australian Workers pp. 205-216: Sheila M. Rimmer
A Model of Technology Gap, Product Cycle, and the Process of Catching up Between the North and the South pp. 217-226: Chien‐fu Chou and Oz Shy
Risk and Information: a Hedonic Price Study in the New Zealand Housing Market pp. 227-236: Sholeh Maani and S. B. Kask
Efficiency in the Forward Foreign Exchange Market: Weekly Tests of the Australian/US Dollar Exchange Rate January 1984‐March 1987 pp. 237-242: Colm Kearney and Ronald MacDonald
Open Market Operations in Australia: A US Perspective pp. 243-256: Michael Dotsey
Chris Higgins's Early Career— The Establishment of Economic Modelling in the Australian Treasury pp. 257-260: V. W. Fitzgerald
Chris Higgins—Policy Adviser pp. 261-262: B. W. Fraser

The Effects of Fiscal Restraint on the Australian Economy as Projected by the Murphy and MSG2 Models: A Comparison pp. 97-114: Bruce F. Parsell, Alan A. Powell and Peter Wilcoxen
The Australian Business Cycle: Its Definition and Existence pp. 115-125: Sam Strong and Siew Ping Tan
Aids: An Economic Approach to the Choice of Policies pp. 126-138: P.J. Lloyd
Interest Rates, Exchange Rates and Foreign Debt pp. 139-146: D. Johannes Jüttner and Bernd P. Luedecke
Modelling the Allocation of Australian Bilaterial Aid: A Two‐Part Sample Selection Approach pp. 147-152: Mark McGillivray and Eddie Oczkowski
Migration: Gains or Losses? pp. 153-157: Pierre N. V. Tu
Long Waves and the Crash of ‘87 pp. 158-167: David Pope

Optimal Weights in a Check‐List of Monetary Indicators pp. 1-13: Peter J. Stemp
The Impact of Productivity Growth on the Costs of Production in Australian Manufacturing Industries pp. 14-25: John L. Whtteman
A Test of Long‐run Purchasing Power Parity Allowing for Structural Breaks pp. 26-33: P. Dean Corbae and Sam Ouliaris
Employment, Output and Real Wages pp. 34-45: Bill Russell and Warren Tease
Lifetime Earnings and Inequality pp. 46-58: John Creedy
Edward Ronald Walker pp. 59-68: Selwyn Cornish

Challenging the Human Capital Orthodoxy: The Education‐Productivity Link Re‐examined pp. 281-294: L.R. Maglen
Investment Spending in Australia: Further Study and Interpretation* pp. 295-307: Ben J. Heudra and William M. Scarth
Costs under Regulation and Deregulation: The Case of US Passenger Airlines* pp. 308-321: John P. Formby, Paul D. Thistle and James P. Keeler
The Setting of Retail Prices in a Customer Market* pp. 322-328: Ian McDonald
Colin Clark, 1905–1989: An Affectionate Memoir* pp. 329-341: James Perkins and Alan A. Powell
Primary Commodity Prices and the Terms of Trade* pp. 342-356: David Sapsford

Allocating Jobs under a Minimum Wage: Queues vs. Lotteries pp. 186-194: Ira Gang and Edward Tower
A Tax Package to Reduce the Marginal Rate of Income Tax and the Wage Demands of Trade Unions pp. 195-202: John Creedy and Ian McDonald
East‐West Airlines' Sydney‐Melbourne Service: Market Expansion or Demand Diversion? pp. 203-220: Peter Hartley and Chris Trengove
Household Equivalence Scales: New Australian Estimates from the 1984 Household Expenditure Survey pp. 221-234: Tran Nam Binh and Peter Whiteford
World Agricultural Trade Reform: Implications for Australia pp. 235-248: Mark Horridge, David Pearce and Agnes Walker
The Real Federal Budget Imbalance pp. 249-253: Anthony Makin
Applications of Optimal Stopping in Resource Economics pp. 254-265: Harry Clarke and William J. Reed
Sir Hermann David Black, A.C., 1904–1990 pp. 266-267: Noel T. Drane and Rodney T. Wood

Dynamic Behaviour of a Unionized Solow‐Swan Economy pp. 81-92: Kim Hawtrey
Real Rates of Return in Electricity Supply: New South Wales, Tasmania and Victoria pp. 93-109: Peter Swan
Calibration of Computable General Equilibrium Models from Synthetic Benchmark Equilibrium Data Sets pp. 110-126: Philip Adams and Peter J. Higgs
Prudential Supervision of Australian Banks pp. 127-145: Warren Hogan and Ian G. Sharpe
Uban Tolled Roads and the Value of Travel Time Savings pp. 146-156: David Hensher, Frank W. Milthorpe, Nariida C. Smith and Peter O. Barnard
Macroeconomic Policy and the Current Account in an Open Economy with Partial Wage Indexation pp. 157-170: J. D. Pitchford
Richard Manning 1943–1989 pp. 171-174: Daniel Leonard

Invention in the Face of Necessity: Marshallian Rhetoric and the Giffen Good(s) pp. 1-11: Michael White
The EPAC ‘Growth Papers’: An Assessment pp. 12-22: Tony Aspromourgos and Graham White
Income Distribution and Shadow Pricing in Open Economies pp. 23-31: Andrea Maneschi
Sector Specific Wage Rigidity and Factor Accumulation pp. 32-36: Hamid Beladi
Monetary Targeting: The International Experience pp. 37-62: Victor Argy, Anthony Brennan and Glenn Stevens