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 48, month 12, 1972

Inflation in Australia and New Zealand: 1953‐71 pp. 465-482

C. G. F. Simkin

Health Expenditure in New Zealand pp. 500-516

J. T. Ward and P. M. Tatchell

The Bergson Social Welfare Function with Externality pp. 517-526

Yew-Kwang Ng

The Effects of Temporal Aggregation on a Model of the Australian Monetary Sector pp. 527-535

Siri Ganjarerndee

Regional Estimates of Gross Domestic Product and Capital Formation: Western Australia, 1923‐24–1938‐39 pp. 536-553

Graeme Snooks

A Note on Decreasing Returns to Scale and the Stationary State pp. 554-560

J. D. Pitchford

Produced Inputs and their Implications for Trade Theory pp. 561-569

Murray Kemp and Yasdo Uekawa

Economies of Scale in Australian Banking: A Comment pp. 570-574

J. C. H. Jones and L. Laudadio

The Economic Efficiency of Information Producing Activities pp. 575-583

Colin Aislabie

Prestige Economics pp. 584-592

H. W. Arndt

Volume 48, month 09, 1972

The Wage Costs of an All‐Volunteer Army pp. 321-339

Glenn Withers

The Possible Uses and Scope of a National Balance Sheet for Australia pp. 340-356

J. Y. Henderson

The Cost of Housing pp. 357-373

Max Neutze

The Implications of the Frozen Vegetables Case for Australian Trade Practices Legislation pp. 374-386

J. H. Hatch

Generalized Production Function and Factor‐Intensity Crossovers: An Empirical Analysis pp. 387-399

Patrick Yeung and Herbert Tsang

Optimal Taxation when Borrowing Alters the Foreign Supply Curve for Capital pp. 400-410

R. Manning

The Short‐Run Effects of Monetary and Fiscal Policy under Fixed and Flexible Exchange Rates pp. 411-423

Edward Tower

An Interpretation of Take‐Off pp. 424-428

I. D. Burntet

Interpreting Demands for Outdoor Recreation pp. 429-432

Jack Knetsch

Diagrammatic Interpretation of the Concept of Effective Protection pp. 433-436

R. Schufft and J. B. Reid

Time Deposits in the Definition of Money: Further Cross Country Inflation Evidence pp. 437-439

Delano Villanueva and N. S. Arya

Volume 48, month 06, 1972

Protection and Productivity in Manufacturing:A Closer Look pp. 161-180

P. G. Elkan

Distribution of Household Income in Australia pp. 181-200

N. Podder

The Australian Short‐run Consumption Function pp. 220-231

David J. Smyth and Patrick C. Mc Mahon

Keynes, Harrod and the Fixprice Method pp. 232-242

Frank Milne

To Subsidize or Tax? An Examination of the Relative Costs of Two Alternative Methods of Providing Income Support for Woolgrowers pp. 243-253

A. M. Houston

On Internalizing Externalities pp. 254-259

Cliff Walsh

A Note on the Measurement of the Incidence of First Marriages pp. 260-265

P. F. McDonald and S. K. Jain

International Capital Movements Along Balanced Growth Paths:Comments and Extensions pp. 266-271

J. A. Frenkel and S. Fischer

Classical Versus Neo‐Classical Differences on the Growth Paths of a Dual Economy pp. 272-276

S. Kim

C. K. Hobson on Foreign Investment:A Neglected Contribution pp. 277-281

L. Roy Webb

Overseas Investment in Australia. Treasury Economic Paper No. I pp. 282-285

T. W. Swan

Comments on Wages and Average Productivity pp. 286-289

J. Kirker Stephens

A Weighting Problem in the Calculation of Effective Rates of Protection:A Comment pp. 290-292

James Melvin

Solow‐Massell Estimates of Technological Change pp. 293-295

Debesh Bhattacharta and J. L. Whiteman

Volume 48, month 03, 1972

Matching Ecological And Economic Realities pp. 1-17

H. C. Coombs

Improving the Allocation of Land Between Speculators and Users:Taxation and Paper Land pp. 18-41

B. L. Bentick

The Role of China in World and Australian Trade pp. 42-57

H. W. Arndt

Government in the Economy of Hong Kong pp. 58-75

Bruce Glassburner and James Riedel

Efficiency Growth in N.Z. Agriculture:A Review pp. 76-91

R. W. M. Johnson

New Zealand and the International Monetary Fund pp. 92-102

G. R. Hawke and B. A. D. Wijewardane

Independent Fiji in the World Economy pp. 103-115

Ross Gaknaut

Forecasting with a Macroeconomic Model:An Introduction pp. 116-122

W. E. Norton

Changes in Trading Hours:Ten O'Clock Closing and Consumption of Alcohol in Victoria pp. 123-127

E. A. Williams

A Note on Salter's Theory of Technical Advance pp. 128-129

G. P. Sampson

Volume 47, month 12, 1971

Sir Douglas Copland: A Personal Memory pp. 465-469

K. I. Downing

Dilemmas and Expedients in Papua New Guinea's Development pp. 470-493

A. I. Clunies Ross

The Empirical Measurement of Intra‐Industry Trade pp. 494-517

Herbert Grubel and P. J. Lloyd

Factor Market Distortions, the Reversal of Relative Factor Intensities, and the Relation between Product Prices and Equilibrium Outputs pp. 518-530

Horst Heebekg, Murray Kemp and Stephen P. Magee

Rationalizing the Australian Taxation System pp. 531-552

P. D. Groenwegen

The Brussels Tariff Nomenclature and Developing Countries pp. 553-567

M. Ward

Brisbane in the 1890s: The Economic Shape of a Key Decade pp. 568-578

R. Lawson

Little's Welfare Criterion Under the Equality Assumptions pp. 579-583

Yew‐kwanq Ng

Industrialization of Developing Countries with Constant Wage Rate pp. 584-586

S. Kim

Volume 47, month 09, 1971

The Australian Economy, August 1971 pp. 305-314

J. W. Nevile

The Anatomy of Australia's Public Debt pp. 315-337

E. A. Boehm and P. B. Wade

The Role of Exchange Rates in International Adjustment: The IMF Report and Beyond pp. 338-350

M. Polasek

Tax Reform in Australia and Canada pp. 351-365

John Helltwell

Labour Absorption Capacity of Subsistence Agriculture pp. 366-378

E. K. Pisk

Patterns of Household Consumption Expenditures in Australia pp. 379-398

N. Podder

A Note on the Relationship of Family Size and Income in New Zealand pp. 399-409

W. Rosenberg

Earnings Drift in Australian Secondary Industry pp. 410-417

N. F. Dufty

Causal Factors in the Demand for Outdoor Recreation pp. 418-426

R. L. Ranken and J. A. Sinden

Alex Hunter: 1919–71 pp. 427-432

Warner Corden

A Further Comment on Potential Money as a Monetary Indicator pp. 433-435

D. W. Stammer

Volume 47, month 06, 1971

Recent Developments in the Theory of Externality and the Pigovian Solution pp. 169-185

Yew-Kwang Ng

Bougainville Copper and the Economic Development of Papua‐New Guinea pp. 186-202

M. L. Treadgold

The IMF Special Drawing Rights and the Currency Par‐Value System pp. 203-216

M. Polasek

Wages, Productivity, and the Guidelines*,† pp. 217-229

C. E. Ferguson

Further Evidence on the Size and Growth of Firms pp. 230-244

C. J. Aislabie

Towards a Theory of Public Output in Metropolitan Areas pp. 245-254

Morris Beck

The Usefulness of the Average‐Productivity Wage Adjustment Rule pp. 255-261

J. D. Pitchford

Describing Australian Marriage Trends pp. 262-269

Geraldine Spencer

On the Analysis of the Export Performance of Developing Countries pp. 270-276

P. B. W. Rayment

Volume 47, month 03, 1971

The Value of Tariff Preferences for the Developing Countries: Australian Experience pp. 1-16

P. J. Lloyd

Economies of Scale in Australian Banking, 1947‐68 pp. 17-37

R. J. Edgar, J. H. Hatch and M. K. Lewis

The Future of New Guinea's Monetary System pp. 38-46

H. W. Abndt

Immigration and Australia's Post‐war Economic Growth pp. 47-59

A. N. E. Jolley

From Extensive to Intensive Growth under Socialist Economic Planning pp. 60-76

J. Wilczynski

The Tariff and Economic Growth in Pre‐Federation Victoria pp. 77-93

W. A. Sinclair

Michal Kalecki's Economics: An Appreciation pp. 93-105

B. J. McParlane

The Relief of Poverty: Negative Income Taxes and Other Measures pp. 106-114

B. F. Henderson

Horace Plessay Brown: 1916‐71 pp. 115-118

Trevor Swan

Measuring the Effects of the Tariff pp. 119-123

Burgess Cameron

Research and Technical Progress: The Returns to Producers pp. 124-129

R. Duncan and Clement Tisdell

Cocoa Cash Cropping: A Comment pp. 130-134

W. R. Jones and A. P. Jones

Cocoa Cash Cropping: A Reply pp. 135-137

Scarlett Epstein