The Review of Economics and Statistics

1969 - 2025

Current editor(s): Pierre Azoulay, Olivier Coibion, Will Dobbie, Raymond Fisman, Benjamin R. Handel, Brian A. Jacob, Kareen Rozen, Xiaoxia Shi, Tavneet Suri and Yi Xu

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Volume 74, issue 4, 1992

The Intertemporal Elasticity of Substitution in Consumption in the United States and the United Kingdom pp. 573-84

Kerry D Patterson and Bahram Pesaran

Aggregate Consumption and Saving in the Postwar United States pp. 585-97

Daniel T Slesnick

Survey Expectations in the Time Series Consumption Function pp. 598-606

Roy Batchelor and Pami Dua

Does Consumption Take a Random Walk? Some Evidence from Macroeconomic Forecasting Data pp. 607-14

Albert Jaeger

The Effect of the Medicaid Program on Welfare Participation and Labor Supply pp. 615-26

Robert Moffitt and Barbara Wolfe

Hospital Costs and Competition for Services: A Multiproduct Analysis pp. 627-34

Gary Fournier and Jean M Mitchell

Child Care Subsidies, Quality of Care, and the Labor Supply of Low-Income, Single Mothers pp. 635-42

Mark Berger and Dan Black

Sources of the Financing Hierarchy for Business Investment pp. 643-54

Stephen Oliner and Glenn Rudebusch

Is the Market Well Defined in Bank Merger and Acquisition Analysis? pp. 655-61

Jackson, William E,

Duopoly Behavior in Asymmetric Markets: An Experimental Evaluation pp. 662-70

Charles Mason, Owen R Phillips and Clifford Nowell

Value Event Studies pp. 671-77

Michael Salinger

Is the Export-Led.Growth Hypothesis Valid for Industrialized Countries? pp. 678-88

Dalia Marin

Technology Expenditures, Factor Intensity, and Efficiency in Indian Manufacturing pp. 689-700

Michael J Ferrantino

Effective Rates of Protection When Domestic and Foreign Goods Are Imperfect Substitutes: The Case of Thailand pp. 701-11

Shantayanan Devarajan and Chalongphob Sussangkarn

The Distributional Shape of Unemployment Duration: A Reconsideration pp. 712-17

Paul Swaim and Michael Podgursky

The Distributional Shape of Unemployment Duration: A Reply pp. 717-21

John Addison and Pedro Portugal

Labor Supply and Investment in Child Quality: A Study of Jewish and Non-Jewish Women: A Comment pp. 721-25

Byron Spencer

Labor Supply and Investment in Child Quality: A Study of Jewish and Non-Jewish Women: A Reply pp. 726-27

Barry Chiswick

On Cointegration and Tests of Forward Market Unbiasedness pp. 728-32

P. Dean Corbae, Kian-Guan Lim and Sam Ouliaris

A General Model of Dynamic Labor Demand pp. 733-37

Daniel Hamermesh

The Effects of Inside and Outside Money on Industrial Production across Spectral Frequency Bands pp. 737-41

Mark Thoma

Volume 74, issue 3, 1992

Unraveling the Productivity Growth Slowdown in the United States, Canada and Japan: The Effects of Subequilibrium, Scale Economies and Markups pp. 381-93

Catherine Morrison Paul

Department of Defense Profit Policy and Capital Investment in the Military Aircraft Industry pp. 394-403

Thomas P Frazier, Matthew S Goldberg and Gulledge, Thomas R,

An Analysis of the Probability of Default on Federally Guaranteed Student Loans pp. 404-11

Laura Greene Knapp and Terry G Seaks

Political Institutions and Pollution Control pp. 412-21

Roger Congleton

Costs of Adjustment, the Aggregation Problem and Investment pp. 422-29

Stephen Gordon

Profit Maximization, Returns to Scale, and Measurement Error pp. 430-38

Hongil Lim and C. Shumway

The Internal Distribution of Union Rents: An Empirical Test of the Voting Power Model pp. 439-45

Donald Parsons

Estimating the Employment Effects of Wage Discrimination pp. 446-55

Marjorie Baldwin and William G Johnson

Patterns of Intergenerational Mobility in Income and Earnings pp. 456-66

Elizabeth Peters

The Intergenerational Transfer of Welfare Dependency: Some Statistical Evidence pp. 467-73

John J Antel

Maternal Labor Supply and Children's Cognitive Development pp. 474-81

Francine Blau and Adam Grossberg

Job Search and Immigrant Assimilation: An Earnings Frontier Approach pp. 482-92

Nasser Daneshvary

Dispute Resolution in Workers' Compensation pp. 493-502

Leslie I Boden

Search, Hedonic Prices and Housing Demand pp. 503-08

Sunwoong Kim

Who Deters Entry? Evidence on the Use of Strategic Entry Deterrents pp. 509-21

David S Bunch and Robert Smiley

Is Public Spending Determined by Voter Choice of Fiscal Capacity? pp. 522-29

Leonard Dudley and Claude Montmarquette

Sources of Fluctuations in Real and Nominal Exchange Rates pp. 530-39

William Lastrapes

How Robust Is the Capital-Skill Complementarity Hypothesis? pp. 540-46

Villy Bergstrom and Epaminondas E Panas

The Translog Production Function and Variable Returns to Scale pp. 546-52

H Youn Kim

Explaining Interstate Variation in Income Inequality pp. 553-57

John A Bishop, John P Formby and Paul D Thistle

The Duration of the Adjustment Process of Financial Ratios: Further Remarks pp. 557-59

Harry Zvi Davis and Yoram C Peles

Optimal Designs of Discrete Response Experiments in Contingent Valuation Studies pp. 559-63

Hans Nyquist

Finite Sample Behavior of Tests for Grouped Heteroskedasticity pp. 563-68

James K Binkley

Constraining Kalman Filter and Smoothing Estimates to Satisfy Time-Varying Restrictions pp. 568-72

Howard E Doran

Volume 74, issue 2, 1992

Sources of Competitiveness of the United States and of Its Multinational Firms pp. 193-201

Irving B Kravis and Robert Lipsey

R&D Reactions to High-Technology Import Competition pp. 202-12

F M Scherer and Keun Huh

Price-Augmenting Returns to Scale: An Application to Nonseparable Two-Stage Technologies pp. 213-20

Robert Pollak and Terence J Wales

A Composite Cost Function for Multiproduct Firms with an Application to Economies of Scope in Banking pp. 221-30

Lawrence B Pulley and Yale M Braunstein

Price Distortions and Resource-Use Efficiency in Indian Agriculture: A Restricted Profit Function Approach pp. 231-39

Subal Kumbhakar and Arunava Bhattacharyya

Testing Dynamic Specification of Factor Demand Equations for U.S. Manufacturing pp. 240-50

Jane Friesen

The Impact of Affirmative Action on Labor Demand: A Test of Some Implications of the Le Chatelier Principle pp. 251-60

Peter Griffin

Does the Baseball Labor Market Contradict the Human Capital Model of Investment? pp. 261-68

Asher Blass

A Model of Layoff, Search and Job Choice and Its Estimation pp. 269-75

Rezaul K Khandker

Black-White Earnings over the 1970s and 1980s: Gender Differences in Trends pp. 276-86

Francine Blau and Andrea Beller

Taxes, Fringe Benefits and Faculty pp. 287-96

Stephen Woodbury and Daniel Hamermesh

Firm-Specific Determinants of the Real Wage pp. 297-304

Janet Currie and Sheena McConnell

Inter-vivos Transfers and Intergenerational Exchange pp. 305-14

Donald Cox and Mark R Rank

Evidence of the Fisher Effect from U.K. Indexed Bonds pp. 315-20

G Thomas Woodward

An Empirical Window on Rational Expectations Formation pp. 320-24

Richard L Pollock and Jack P Suyderhoud

Conditional Exchange-Rate Volatility and the Volume of International Trade: Evidence from the Early 1900s pp. 325-29

Susan Pozo

On the Effect of Opportunity Cost on International Reserve Holdings pp. 329-32

Avraham Ben-Bassat and Daniel Gottlieb

Intertemporal Substitution in Macroeconomics: Consumption, Labor Supply, and Money Demand pp. 333-38

Donald Dutkowsky and William G Foote

Medicaid and the Cost of Improving Access to Nursing Home Care pp. 338-45

Paul J Gertler

Market Structure, Uncertainty, and Intrafirm Diffusion: The Case of Optical Scanners in Grocery Stores pp. 345-50

Sharon Levin, Stanford L Levin and John B Meisel

Estimating Electricity Demand: The Cost of Linearising the Budget Constraint pp. 350-54

Rodney Maddock, Elkin Castano and Francis Vella

Multiple Minima in the Estimation of Models with Autoregressive Disturbances pp. 354-57

Howard Doran and Jan Kmenta

The Sensitivity Analysis of Applied General Equilibrium Models: Completely Randomized Factorial Sampling Designs pp. 357-62

Glenn Harrison and Hrishikesh Vinod

Bias of SDE 2 in the Linear Regression Model with Correlated Errors pp. 362-65

Jan Kiviet and Walter Krämer

A Non-nested Test of Separability for Flexible Functional Forms pp. 365-69

GianCarlo Moschini

The Durbin-Watson Test for Autocorrelation in Nonlinear Models pp. 370-73

Kenneth J White

The Price-Concentration Relationship in Banking: A Comment pp. 373-76

Jackson, William E,

The Price-Concentration Relationship in Banking: A Reply pp. 376-79

Allen Berger and Timothy Hannan

Volume 74, issue 1, 1992

Central Planners as Market Stabilizers: Evidence from Poland and the Soviet Union pp. 1-13

Josef Brada and Arthur E King

Hybrid Rice Innovation in China: A Study of Market-Demand Induced Technological Innovation in a Centrally-Planned Economy pp. 14-20

Justin Lin

On the Effect of Devaluation during Stabilization Programs in LDCs pp. 21-27

Samuel A Morley

Dynamics of Public Infrastructure, Industrial Productivity and Profitability pp. 28-36

Anwar Shah

The Role of Public Capital in Production pp. 37-44

Catherine Lynde and James Richmond

Aggregation, Distribution and Dynamics in the Linear and Quadratic Expenditure Systems pp. 45-53

Adolf Buse

A Simultaneous Equations Model of Coffee Brand Pricing and Advertising pp. 54-63

Philip Nelson, John Siegfried and John Howell

Short-Run and Long-Run Elasticities for Canadian Consumption of Alcoholic Beverages: An Error-Correction Mechanism/Cointegration Approach pp. 64-74

James A Johnson

The Demand for Tax Return Preparation Services pp. 75-82

Jeffrey A Dubin

The Effect of Child Care Costs on Married Women's Labor Force Participation pp. 83-90

Rachel Connelly

The Effect of Income Taxation on Labor Supply when Deductions Are Endogenous pp. 91-99

Robert Triest

Arrests, Persistent Youth Joblessness, and Black/White Employment Differentials pp. 100-106

Jeffrey Grogger

Changes in the Distribution of Individual Earnings in the United States: 1967-1986 pp. 107-15

Lynn A Karoly

A Cointegration Analysis of Treasury Bill Yields pp. 116-26

Anthony Hall, Heather Anderson and Clive Granger

Cobwebs, Rational Expectations and Futures Markets pp. 127-34

Jerome Stein

Central Bank Secrecy and Money Surprises: International Evidence pp. 135-45

Michael Hutchison and John P Judd

Testing for Granger's Full Causality pp. 146-53

Ted Covey and David Bessler

Trends, Random Walks and Persistence: An Empirical Study of Disaggregated U.S. Industrial Production pp. 154-59

Robert Krol

The Emerging U.S. Current Account Deficit in the 1980s: A Cointegration Analysis pp. 159-66

Steven Husted

Occupational Hazard and Wage Compensating Differentials pp. 166-69

Jean-Michel Cousineau, Robert Lacroix and Anne-Marie Girard

Assimilation and the Earnings of Young Internal Migrants pp. 170-75

George Borjas, Stephen Bronars and Stephen Trejo

Revealed Preferences for Property Taxes: An Empirical Study of Perceived Tax Incidence pp. 176-79

Pamela H Moomau and Rebecca Morton

Costs and Factor Substitution in the Provision of Local Fire Services pp. 180-84

William D Duncombe

Medicare's Prospective Payment System: The Victim of Aggregation Bias? pp. 185-91

Susan Feigenbaum, Gerard Anderson and Judith R Lave