The Economic Record

1925 - 2025

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

From The Economic Society of Australia
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Volume 50, month 12, 1974

The Incidence of Australian Taxation* pp. 489-510

Philip Bentley, D. J. Collins and N. T. Drane

Corporate Investment and Finance Theory in Competitive Equilibrium* pp. 511-533

Frank Milne

Protection and Exchange Rate: An Analysis of the New Zealand Foreign Exchange Market* pp. 534-554

Grant M. Scobie and Paul R. Johnson

Interest Rate Equalization and Patterns of Production, Trade and Consumption in a Two‐country Growth Model* pp. 555-580

Stanley Fischer and Jacob A. Frenkel

A Note on the Gain from Trade* pp. 581-595

J. S. Metcalfe and Ian Steedman

A Note on Growth with Hybrid Factors of Production* pp. 596-599

Murray Kemp

International Investment, Trade Diversion and Trade Creation pp. 600-604

Gerald W. Scully and Eden Yu

Rural‐Urban Migration and Technological Changes in the Agriculture of a Developing Country: A Comment pp. 605-611

T. A. Oyejide

Foreign Capital and Exports in Economic Development: A Note* pp. 612-615

D. H. Murray and B. J. Phillips

Growth and Technological Change in Agriculture: A Comment* pp. 616-619

R. A. Powell

Growth and Technological Change in Agriculture: A Reply pp. 620-622

Ian McLean

A Quarterly Econometric Model of Portfolio Choice: A Comment pp. 623-626

K. Davis

A Quarterly Econometric Model of Portfolio Choice: A Reply pp. 627-628

Ian Sharpe

Volume 50, month 09, 1974

Fiscal Equalization for Local Government pp. 329-345

Russell Mathews

Occupational Prestige and Labour Market Behaviour in Papua New Guinea pp. 346-362

J. D. Conroy

An Inter‐Industry Approach to Planning in Papua New Guinea pp. 363-380

M. L. Parker

Australian Commercial Policy and South Africa's Economic Isolation pp. 381-404

D. L. Gadiel

Impact of Factor Emigration on the Losing Region pp. 405-422

R. A. Berry

Economics of Exhaustible Resources: The Fishery pp. 423-429

G. Waugh and P. Calvo

Development, Equality and Employment pp. 430-442

R. M. Sundrum

Economies of Scale in Australian Life Insurance: An Empirical Note pp. 443-448

D. J. S. Rutledge and R. H. Tuckwell

The Allocation of Land between Speculators and Users under a Land Ownership Tax: A Comment pp. 449-450

Athanasios Thanos Skouras

The Allocation of Land between Speculators and Users under a Land Ownership Tax: A Reply pp. 451-452

B. L. Bentick

The Neoclassical Theory of Trade and Distribution: A Note pp. 453-456

Francois Casas

Volume 50, month 06, 1974

The Industrial Organization Vacuum in Australia pp. 169-198

D. K. Round

A Quarterly Econometric Model of the Australian Beef Industry pp. 199-217

David Throsby

Plant Size, Capacity Utilization and Economic Efficiency: Foreign Investment in the Australian Chemical Industry pp. 218-244

T. G. Parry

The General Equilibrium Model: Barter and Trust, or Mass Markets with Money and Credit pp. 245-258

Martin Shubik

Non‐traded Goods and Immiserizing Growth pp. 259-268

Jacob A. Frenkel and Assaf Razin

On Constrained and Unconstrained Models of the Investment Accelerator pp. 269-277

R. J. Bowden

Errors in Economic Time Series: Some Implications for Estimation in Econometric Models pp. 278-286

John McDonald

The Australian Short‐run Consumption Function: A Comment pp. 287-295

D. J. S. Rutledge and G. M. Madden

Technical Change and Returns to Scale in Australian Manufacturing: A Comment pp. 296-299

J. A. Xander

Technical Change and Returns to Scale in Australian Manufacturing: A Reply pp. 300-304

Van Tran

Volume 50, month 03, 1974

The Interdependence of Monetary Policy and Capital Flows in Australia pp. 1-20

M. G. Porter

A Quarterly Econometric Model of Portfolio Choice — Part II: Portfolio Behaviour of Australian Savings Banks pp. 21-38

Ian Sharpe

Recent Economic Performance in Papua New Guinea pp. 39-56

M. L. Treadgold

A Preliminary Model of New Zealand's Post‐war Inflation pp. 57-76

Viv Hall

The Term Structure of Interest Rates in Australia: A Test Using the Error‐learning Model pp. 77-93

F. A. Bloch

Choice of Mode and the Value of Travel Time Savings for the Journey to Work pp. 94-112

D. A. Hensher and W. E. Hotchkiss

A Nash‐Cournot Model of Taxation of International Capital Movements pp. 113-118

R. Manning

Harcourt's Survey of Capital Theory pp. 119-129

Yew-Kwang Ng

The Progress of Economic Knowledge: Some New Measurements pp. 130-138

D. M. Bensusan‐Butt

Volume 49, month 12, 1973

Structure of Final Demand in Perth pp. 505-517

Alex Kerb

A Quarterly Econometric Model of Portfolio Choice—Part I: Specification and Estimation Problems pp. 518-533

Ian Sharpe

Optimal Consumption Planning in a Polluted Environment pp. 534-545

B. A. Forster

A Theory of Employment Fluctuations in the Full Employment Zone pp. 546-559

N. F. Laing

Growth and Technological Change in Agriculture: Victoria 1870–1910 pp. 560-574

Ian McLean

Entry Gap in New Zealand Markets for Manufactured Consumer Goods pp. 575-587

M. M. Metwally

A Century of Money in Australia pp. 588-605

C. B. Schedvin

Australia's Economic Depression of the 1930s pp. 606-623

E. A. Boehm

The Treatment of Banks in the Social Accounts pp. 624-628

B. D. Haig

Hong Kong Model for Development? pp. 629-636

W. Rosenberg

Economic Development Lessons from Hong Kong: A Reply pp. 637-643

Bruce Glassburner and James Riedel

Economic Development Lessons from Hong Kong: A Rejoinder pp. 644-645

W. Rosenberg

Volume 49, month 09, 1973

An ELES Consumption Function for the United States pp. 337-357

A. A. Powell

IMF Special Drawing Rights and Economic Aid to Less Developed Countries pp. 358-376

M. Polasek

Optimal Intervention in a Distortion‐ridden Open Economy pp. 377-393

P. J. Lloyd

Foreign Capital and Exports in Economic Development: The Experience of Eight Asian Countries pp. 394-419

Derek T. Healet

Depression and Recovery in Western Australia, 1928–29 to 1938–39: A Deviation from the Norm pp. 420-439

Graeme Snooks

On a Paradox in the Theory of International Capital Movements pp. 440-446

Ngo Long

Non‐marginal Externalities: As Relevant and As Not pp. 447-455

Cliff Walsh and Clement Tisdell

Economic Hypotheses and the Derivation of Production Functions pp. 456-463

Herbert H. Tsang

The Victorian Land Transport Inquiry*,† pp. 464-480

H. M. Kolsen

Economies of Scale in Australian Banking: A Reply pp. 481-484

J. H. Hatch and M. K. Lewis

Volume 49, month 06, 1973

The Excess Demand for Commodities in Australia, 1950‐51 to 1968‐69 pp. 161-193

A. J. Hagger and P. J. Rayned

The Australian Research Subsidy to Overseas Firms and Other Aspects of the Distribution of Research Grants pp. 194-214

Clement Tisdell

Production and Trade Patterns under Uncertainty pp. 215-227

Murbay C. Kemp and Nissan Liviatan

Investment Cut‐off Rates for a Public Company pp. 228-240

J. W. Bennett and J. Leather

The Economic Consequences of Zero Population Growth pp. 241-262

R. O. Hieser

Distortions and Product Specialization in International Trade pp. 263-269

Andrew Schmitz

The Optimal Balance‐of‐Payments Strategy of a Less Developed Country pp. 270-279

Milton Ame. Iyoha

Length of Working Life for Australian Males: 1933‐66 pp. 280-289

L. T. Ruzicka

Australian Advertising Expenditure and its Relation to Demand pp. 290-299

M. M. Metwally

The Heckscher‐Ohlin Model with Three Factors and Two Goods pp. 300-305

Robert D. Warne

The New 1971 Federal‐Provincial Fiscal Arrangements Act in Canada pp. 306-310

James A. Maxwell

Volume 49, month 03, 1973

Japan Enters the Technetronic Age pp. 1-14

Gene Gregory

Rural‐Urban Migration and Technological Changes in the Agriculture of a Developing Country pp. 15-23

S. Kim

A Note on the Choice of Data in Econometric Studies pp. 24-30

M. E. Burns

Optimal Stabilization Policies in a Market with Lagged Adjustment in Supply pp. 31-49

Stephen J Turnovsky

Price Expectations in Australia* pp. 50-61

P. D. Jonson and D. M. Mahoney

Optimal Foreign Investment and International Trade pp. 62-75

Robin Bade

Urbanization in Papua New Guinea: A Development Constraint pp. 76-88

J. D. Conroy

Copernicus as an Economist pp. 89-103

K. Bieda

Factor Proportions, Human Capital and Comparative Advantage pp. 104-125

Hikoya Ichikawa

A Trade Model with Variable Returns to Scale pp. 126-134

E. Berglas and Assaf Razin