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 71, issue 4, 1989

R&D Capital, Rate of Return on R&D Investment and Spillover of R&D in Japanese Manufacturing Industries pp. 555-64

Akira Goto and Kazuyuki Suzuki

Evidence on the Determinants and Factor Content Characteristics of Japanese Technology Trade 1977-1981 pp. 565-71

James E Vestal

Entry, Innovation and Productivity Growth pp. 572-78

Paul Geroski

Alternative Models of Managerial Behavior: Empirical Tests for the Petroleum Industry pp. 579-85

Badi Baltagi and James M Griffin

Profit Incentives and Technical Efficiency in the Production of Nursing Home Care pp. 586-94

John Nyman and Dennis L Bricker

A Study of Economic Efficiency of Utah Dairy Farmers: A System Approach pp. 595-604

Subal Kumbhakar, Basudeb Biswas and DeeVon Bailey

Bounded Price Variation and Rational Expectations in an Endogenous Switching Model of the U.S. Corn Market pp. 605-13

Matthew Holt and Stanley R Johnson

Spatial Price Competition and the Demand for Freight Transportation pp. 614-25

Fred S Inaba and Nancy E Wallace

A Regional Equilibrium Model of the United States: Tax Effects on Factor Movements and Regional Production pp. 626-35

William Morgan, John Mutti and Mark Patridge

The Tendency towards Factor Price Equalization among OECD Countries pp. 636-42

Manouchehr Mokhtari and Farhad Rassekh

Some New Evidence on the Timing of Consumption Decisions and on Their Generating Process pp. 643-50

Luigi Ermini

Does Money Matter in Canada? Evidence from a Vector Error Correction Model pp. 651-58

Steven Ambler

Estimation of Variances in the Grouped Heteroskedasticity Model pp. 659-65

James K Binkley

Is Variety the Spice of Life? Implications for Calorie Intake pp. 666-72

Jere Behrman and Anil Deolalikar

A Simultaneous Model of Cigarette Advertising: Effects on Demand and Industry Response to Public Policy pp. 673-77

Barry J Seldon and Khosrow Doroodian

Inflation Uncertainty and Contract Duration pp. 677-81

Susan Vroman

Testing the Rationality of Inflation Forecasts from Survey Data: Another Look at the SRC Expected Price Change Data pp. 682-86

Robert Rich

Technology Production and Technology Purchase in Indian Industry: An Econometric Analysis pp. 689-92

Anil Deolalikar and Robert E Evenson

Socialist Structural Gaps: A Simultaneous Inference Analysis pp. 693-98

Stephen G Grubaugh, Andrew J Stollar and G Rodney Thompson

On Exports and Productivity: A Causal Analysis pp. 699-703

Robert Kunst and Dalia Marin

Exchange Rates and "Unfair Trade." pp. 704-07

Robert Feinberg

Real Exchange Rate Volatility and U.S. Bilateral Trade: A VAR Approach pp. 708-12

Faik Koray and William Lastrapes

Bias and Stability of Multiplier Estimates pp. 718-21

David Roland-Holst

Establishment Size Differentials in Internal Mobility pp. 721-24

Todd Idson

Asymptotically Distribution-Free Statistical Inference for Generalized Lorenz Curves pp. 725-27

John A Bishop, S Chakraborti and Paul D Thistle

Volume 71, issue 3, 1989

Estimating the Marginal Rate of Substitution in the Intertemporal Capital Asset Pricing Model pp. 365-75

Louis O Scott

Rational versus Adaptive Expectations in Present Value Models pp. 376-84

Gregory Chow

The Evolution of Federal Reserve Credibility: 1978-1984 pp. 385-93

Gikas Hardouvelis and Scott W Barnhart

Endogenous Output in an Aggregate Model of the Labor Market pp. 394-400

Richard E Quandt and Harvey Rosen

Saving, Pension Contributions, and the Real Interest Rate pp. 401-07

John Makin and Kenneth Couch

Consumption in Developing Countries: Tests for Liquidity Constraintsand Finite Horizons pp. 408-15

Nadeem U Haque and Peter Montiel

Political Loyalties and the Economy: The U.S. Case pp. 412-17

Gianluigi Galeotti and Antonio Forcina

Unobservables in Consumer Choice: Residential Energy and the Demand for Comfort pp. 416-25

John Quigley and Daniel L Rubinfeld

An Integrated Test for Electoral Cycles in the U.S. Economy pp. 426-34

Stephen E Haynes and Joe Stone

The Marginal Excess Burden of Different Capital Tax Instruments pp. 435-42

Don Fullerton and Yolanda Kodrzycki Henderson

Identifying Productivity and Amenity Effects in Interurban Wage Differentials pp. 443-52

Patricia E Beeson and Randall Eberts

The Agricultural Knowledge Production Function: An Empirical Look pp. 453-61

Philip Pardey

Dynamic Oligopoly in the Rice Export Market pp. 462-70

Larry Karp and Jeffrey Perloff

Off-Farm Work Decisions of Husbands and Wives: Joint Decision Making pp. 471-80

Wallace Huffman and Mark D Lange

The Measurement of Horizontal Inequality pp. 481-90

Daniel T Slesnick

The Pricing of Manufactured Goods during Trade Liberalization: Evidence from Chile, Israel, and Korea pp. 491-99

Vittorio Corbo and Paul McNelis

The U.S. Budget Deficit and the Foreign Exchange Value of the Dollar pp. 500-505

Michael Melvin, Don Schlagenhauf and Ayhan Talu

The Effects of Foreign Exchange Movements on U.S. Domestic Prices pp. 505-11

Robert Feinberg

Are Estimated Tax Elasticities Really Just Tax Evasion Elasticities? The Case of Charitable Contributions pp. 517-22

Joel Slemrod

Scale Related Efficiencies as a (Minor) pp. 523-26

Robert F Allen and Allan Scott Hagin

The Duration of the Adjustment Process of Financial Ratios pp. 527-32

Yoram C Peles and Meir I Schneller

Welfare Savings from Employment and Training Programs for Welfare Recipients pp. 533-37

Jean Baldwin Grossman and Judith Roberts

Welfare Expenditures and the Decline of Unions pp. 538-42

William J Moore, Robert Newman and Loren C Scott

Why Construction Industry Productivity Is Declining: Comment pp. 543-46

Paul Pieper

Why Construction Industry Productivity Is Declining: Reply pp. 547-48

Steven Allen

Substitution between Production Labor and Other Imputs in Unionized and Nonunionized Manufacturing: Comment pp. 549-52

Hua-Shan Chi

Devaluation and the J-Curve: Some Evidence for LDCs: Errata pp. 553-54

Mohsen Bahmani-Oskooee

Volume 71, issue 2, 1989

Litigation and Settlement: An Empirical Approach pp. 189-95

Gary Fournier and Thomas Zuehlke

Intertemporal Labor Supply and the Distribution of Family Income pp. 196-205

Kathryn Shaw

The Taste for Bequests and Well-Being of Widows: A Model of Life Insurance Demand by Married Couples pp. 206-14

John Fitzgerald

Employee Choice of Health Insurance pp. 215-23

Randall Ellis

Regional Wage Differentials and the Spatial Convergence of Worker Characteristic Prices pp. 224-31

Stephen C Farber and Robert Newman

A Time Series Analysis of Labour Absence in Australia pp. 232-39

Peter Kenyon and Peter Dawkins

Household Location and Race: Estimates of Multinomial Logit Model pp. 240-49

Stuart Gabriel and Stuart Rosenthal

Dual Measures of Monopoly and Monopsony Power: An Application to Regulated Electric Utilities pp. 250-57

Scott Atkinson and Joe Kerkvliet

Can Small Firms Find and Defend Strategic Niches? A Test of the Porter Hypothesis pp. 258-62

Ralph Bradburd and David R Ross

The Effects of Uncertainty and Adjustment Costs on Investment in the Almond Industry pp. 263-74

Jeffrey Dorfman and Dale Heien

Tests of the Specification and Predictive Accuracy of Nonnested Models of Inflation pp. 275-83

David J Stockton and Charles S Struckmeyer

Institutions of Higher Education as Multi-product Firms: Economies of Scale and Scope pp. 284-90

Elchanan Cohn, Sherrie L W Rhine and Maria C Santos

The Price-Concentration Relationship in Banking pp. 291-99

Allen Berger and Timothy Hannan

Testing the Rationality of State Revenue Forecasts pp. 300-308

Daniel Feenberg

Are Changes in Inflation Expectations Capitalized into Stock Prices? A Micro-firm Test for the Nominal Contracting Hypothesis pp. 309-17

Yoon Dokko

Market Perceptions and Inventory-Price-Employment Plans pp. 318-24

John Carlson and William C Dunkelberg

The Informational Context of Ex Ante Forecasts pp. 325-31

Ray Fair and Robert Shiller

The Internationalisation of Stock Markets and the Abolition of U.K. Exchange Control pp. 332-36

Mark Taylor and Ian Tonks

An Empirical Examination of the Structural Stability of Disaggregated U.S. Import Demand pp. 337-41

Timothy A Deyak, W. Charles Sawyer and Richard L Sprinkle

The Determinants of Escape Clause Petitions pp. 341-47

Cletus Coughlin, Joseph Terza and Noor Aini Khalifah

The Effects of Salaries and Opportunity Costs on Duration in Teaching: Evidence from Michigan pp. 347-52

Richard Murnane and Randall J Olsen

Experience as a Barrier to Contestability in Airline Markets pp. 352-56

Samuel H Baker and James B Pratt

The Stochastic Behavior of Durable and Nondurable Consumption pp. 356-63

Richard Startz

Volume 71, issue 1, 1989

The Capital Gains and Losses on U.S. Government Debt: 1942-1987 pp. 1-14

William Michael Cox and Cara S Lown

Money, Deficit and Public Debt in the United States pp. 15-25

Guido Tabellini and Vincenzo La Via

Wage Variability in the 1970s: Sectoral Shifts or Cyclical Sensitivi ty pp. 26-36

Kathryn Shaw

The Youth Labor Market in the Eighties: Determinants of Re-employment Probabilities for Young Men and Women pp. 37-45

Lisa Lynch

Work and Health after Retirement: A Competing Risks Model with Semiparametric Unobserved Heterogeneity pp. 46-53

J. Butler, Kathryn Anderson and Richard Burkhauser

Women's Labor Market Reactions to Family Disruptions pp. 54-61

Donald Haurin

Consumption Patterns and Self-selecting Tariffs pp. 62-73

Kenneth Train, Moshe Ben-Akiva and Terry Atherton

Administrative Control, Buyer Concentration, and Price-Cost Margins pp. 74-79

Craig M Newmark

Contracting and Price Adjustment in Commodity Markets: Evidence from Copper and Oil pp. 80-89

Robert Hubbard and Robert J Weiner

Multilateral Productivity Comparisons When Some Outputs Are Undesirable: A Nonparametric Approach pp. 90-98

Rolf Fare

How Fragile Are Fragile Inferences? A Re-evaluation of the Deterrent Effect of Capital Punishment pp. 99-106

Michael McAleer and Michael Veall

Factor Components, Population Subgroups and the Computation of the Gini Index of Inequality pp. 107-15

Jacques Silber

Specific Egalitarianism and Total Welfare Inequality: A Decompositional Analysis pp. 116-27

Daniel T Slesnick

An Empirical Analysis of Moral Hazard and Experience Rating pp. 128-34

Marcel Boyer and Georges Dionne

Testing for Structural Change in Panel Data: Application to a Study of U.S. Foreign Trade in Manufacturing Goods pp. 135-42

Aaron K Han and Daekeun Park

The Generalized Gravity Equation, Monopolistic Competition, and the Factor-Proportions Theory in International Trade pp. 143-53

Jeffrey Bergstrand

Efficient Estimation of the Costs of Rent Controls pp. 154-59

Steven B Caudill, Richard W Ault and Richard Saba

The Work Disincentive Effect of Extended Unemployment Compensation: Recent Evidence pp. 159-64

Jean Baldwin Grossman

Welfare Measurement with Expenditure-Constrained Demand Models pp. 164-67

Robert Mendelsohn and George Peterson

Social Security Wealth Accumulation: Further Microeconomic Evidence pp. 167-71

Ian E Novos

Biases in the Estimation of Intergenerational Earnings Correlations pp. 172-74

Gary Solon

Japanese Trade Elasticities and the J-Curve pp. 175-79

Marcus Noland

A Political-Economic Model of U.S. Bilateral Trade pp. 179-82

Rebecca Summary

The Injury Determination Category and the Value of Relief from Dumping pp. 183-86

James C Hartigan, Sreenivas Kamma and Philip R Perry

Weighted Least Squares Estimation from Grouped Observations pp. 187-88

Ronald Bewley