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 67, issue 4, 1985

The Structure of Tariff Protection: Effects of Foreign Tariffs and Existing NTBs pp. 539-48

Alan Deardorff and Robert Stern

Economic Integration among Developed, Developing and Centrally Planned Economies: A Comparative Analysis pp. 549-56

Josef Brada and Jose Mendez

Sociopolitical Instability and the Behavior of Savings in Less-Developed Countries pp. 557-63

Douglas B Stewart and Yiannis P Venieris

International Prices, Wages and Inflation in an Open Economy: A Chilean Model pp. 564-73

Vittorio Corbo

The Effect of State and Local Taxes on Economic Growth: A Time Series-Cross Section Approach pp. 574-82

L Jay Helms

R and D and the Directions of Diversification pp. 583-90

James MacDonald

Perception of Price When Price Information Is Costly: Evidence from Residential Electricity Demand pp. 591-98

Jeong-Shik Shin

The Present Value Model of Stock Prices: Regression Tests and Monte Carlo Results pp. 599-605

Louis O Scott

Rational Expectations and the Firm's Dividend Behavior pp. 606-15

Alice Nakamura and Masao Nakamura

Variable Lifespan and the Intertemporal Elasticity of Consumption pp. 616-23

Jonathan Skinner

Modelling Scale Economies with Ray-Homothetic Production Functions pp. 624-29

Rolf Fare, Leif Jansson and C. Lovell

A Non-homothetic Two-Stage Decision Model Using AIDS pp. 630-39

Kathleen Segerson and Timothy D Mount

Real Wage Growth, Technical Change and Competition in the Labor Market pp. 640-47

Derek G Leslie

Using the Longitudinal Structure of Earnings to Estimate the Effect of Training Programs pp. 648-60

Orley Ashenfelter and David Card

Why Construction Industry Productivity Is Declining pp. 661-69

Steven Allen

Testing Equilibrium Models of the Business Cycle: The Case of the Labor Market pp. 670-75

John Seater

U.S. Evidence on Linear Feedback from Money Growth Shocks to Relative Price Changes, 1954 to 1979 pp. 675-80

Mary G McGarvey

A Note on International Real Interest Rate Differentials pp. 681-84

Nelson Mark

Testing Linear Hypotheses on National Account Data pp. 685-89

Martin Weale

Test of the Adjustment Process and Linear Homogeneity in a Stock Adjustment Model of Money Demand pp. 689-92

Hae-shin Hwang

The Relationship between Housing Starts and Mortgage Availability pp. 693-96

Rodney Thom

Modeling Expectations of Bounded Prices: An Application to the Market for Corn pp. 697-702

J Shonkwiler and G S Maddala

Who Pays for Industrial Pollution Abatement? pp. 702-06

H David Robison

Mother's Education, Health Practices and Children's Health Needs: A Variance Components Model pp. 706-10

Virginia Wilcox

A Comment on the Testing of Functional Form in First Difference Models pp. 710-12

N. Edward Coulson and Russell P Robins

Volume 67, issue 3, 1985

Consumer Durables and the Real Interest Rate pp. 353-62

N. Gregory Mankiw

Long-run Effects of the Accelerated Cost Recovery System pp. 363-72

Don Fullerton and Yolanda Kodrzycki Henderson

Life on the Frontier: Migrant Information, Earnings and Past Mobility pp. 373-82

Herzog, Henry W,, Richard A Hofler and Alan M Schlottmann

"True" Age Profiles of Earnings: Adjusting for Censoring and for Period and Cohort Effects pp. 383-94

Giora Hanoch and Marjorie Honig

Determinants of the Female Occupational Distribution: A Log-Linear Probability Analysis pp. 395-404

Evelyn Lehrer and Houston Stokes

Tied Wage-Hours Offers and the Endogeneity of Wages pp. 405-10

Shelly Lundberg

Geographic Markets, Causality and Railroad Deregulation pp. 422-28

Noel D Uri and Edward J Rifkin

Dominant Firm Pricing and Fringe Expansion: The Case of the U.S. Iron and Steel Industry, 1907-1930 pp. 429-37

Hideki Yamawaki

The Transactions Cost Approach to Vertical Integration: An Empirical Examination pp. 438-45

David T Levy

The Initial Conditions Problem in Work History Data pp. 441-21

Jan I Ondrich

Geographically Discriminatory Trade Arrangements pp. 446-55

Robert W Hamilton and John Whalley

The International Negotiation Game: Some Evidence from the Tokyo Round pp. 456-64

Kenneth Chan

U.S. Corporate Interests and the Political Economy of Trade Policy pp. 465-73

Thomas A Pugel and Ingo Walter

The Gravity Equation in International Trade: Some Microeconomic Foundations and Empirical Evidence pp. 474-81

Jeffrey Bergstrand

Specification Tests of the Money Demand Function in an Open Economy pp. 482-89

Sophocles Brissimis and John A Leventakis

Money Demand and the Price Level pp. 490-96

David Spencer

Inflationary Effects of Small but Continuous Changes in Effective Exchange Rates: Nine Asian LDCs pp. 496-500

Pradumna B Rana and Dowling, J Malcolm,

Devaluation and the J-Curve: Some Evidence from LDCs pp. 500-504

Mohsen Bahmani-Oskooee

The Labor Productivity Slowdown in the United States: Evidence from Physical Output Measures pp. 504-08

Peter Clark and Jane T Haltmaier

Do Wealth Neutralizing Matching Grants Neutralize the Effects of Wealth? pp. 508-14

Michael A Conte

Evaluating Educational Inputs in Undergraduate Education pp. 514-20

Robert C Dolan, Jung, Clarence R, and Robert M Schmidt

Demand System Estimation in the Presence of Multi-block Tariffs: A Telecommunications Example pp. 520-24

James M Griffin and Bruce L Egan

Identifying Structural Equations with Single Market Data pp. 525-29

Robert Mendelsohn

Evaluating Estimators without Moments pp. 529-34

Denzil Fiebig

Some Modified Versions of Durbin's h-Statistic pp. 534-38

Y. K. Tse

Volume 67, issue 2, 1985

The Relativity of Utility: Evidence from Panel Data pp. 179-87

Huib van de Stadt, Arie Kapteyn and Sara van de Geer

Ability and Power over Production in the Distribution of Earnings pp. 188-94

David Grubb

Housing Purchases and Transitory Income: A Study with Panel Data pp. 195-204

Mark R Dynarski and Steven Sheffrin

A Nested Logit Model of Energy Conservation Activity by Owners of Existing Single Family Dwellings pp. 205-11

Trudy Cameron

Health and Nutrient Consumption across and within Farm Households pp. 212-23

Mark Pitt and Mark Rosenzweig

Managerial Discretion and Expense Preference Behavior pp. 224-31

Robert Y Awh and Primeaux, Walter J,

An Empirical Test for Tax Evasion pp. 232-38

Joel Slemrod

Strategy and Market Structure in Western Coal Taxation pp. 239-49

Charles Kolstad and Wolak, Frank A,

Truck Technology and Efficient Market Structure pp. 250-58

Judy S Wang Chiang and Ann F Friedlaender

Mergers and Market Share pp. 259-67

Dennis Mueller

Industrial Composition, Interindustry Effects, and the U.S. Productivity Slowdown pp. 268-77

Edward Wolff

Sectoral Employment Variability and Unexpected Inflation pp. 278-83

Ronald Ratti

Real Interest Rates, Anticipated Inflation, and Unanticipated Money: A Multi-country Study pp. 284-96

Dennis Hoffman and Don Schlagenhauf

Real Exchange Rate Risk, Expectations, and the Level of Direct Investment pp. 297-308

David Cushman

The Effects of Inflation Surprises and Uncertainty on Real Wages pp. 309-14

Ronald Ratti

The Relative Effects of Demand and Supply on Output Growth and Price Change pp. 314-18

Kan H Young

Changes in Productivity and Composition of Output in Building Construction, 1972-1982 pp. 318-22

William R Schriver and Roger L Bowlby

Political and Industrial Change in a Model of Trade Union Militancy and Real Wage Growth pp. 322-27

Manfred Gärtner

Market Exchange or Vertical Integration: An Empirical Analysis pp. 327-31

James MacDonald

Switching, Aggregation, and the Demand for Borrowed Reserves pp. 331-35

Donald Dutkowsky and William Foote

Real Money Balances in the Production Function of a Developing Country pp. 336-40

Ashfaque H Khan and Mushtaq Ahmad

Testing for Regression Coefficient Stability with a Stationary AR(1) Alternative pp. 341-46

Mark Watson and Robert Engle

Bias from Nonsynchronous Trading in Tests of the Levhari-Levy Hypothesis pp. 346-51

Robert A Wood and Thomas McInish

Volume 67, issue 1, 1985

Money, Output and Goodhart's Law: The U.S. Experience pp. 1-8

Paul Evans

Demand Variability, Supply Shocks and the Output-Inflation Tradeoff pp. 9-15

Richard T Froyen and Roger Waud

Buffer Stocks and Labor Demand: Further Evidence pp. 16-26

Robert Rossana

Labor Supply in the Presence of Taxes: An Alternative Specification pp. 27-33

Adonis Yatchew

Unions and Monopoly Profits pp. 34-42

Thomas M Karier

Employer Search: The Interviewing and Hiring of New Employees pp. 43-52

John Barron, John Bishop and William C Dunkelberg

Personal Taxation, Pension Wealth, and Portfolio Composition pp. 53-60

Robert Hubbard

Further Evidence on the Economic Effects of Poor Health pp. 61-69

Thomas N Chirikos and Gilbert Nestel

Efficiency and Equity in the Provision of Public Education pp. 70-80

Ralph Hamilton Lankford

Cost-minimizing Regulation of Sulfur Emissions: Regional Gains in Electric Power pp. 81-90

Frank Gollop and Mark Roberts

Investment Incentives as Tariff Substitutes: A Comprehensive Measure of Protection pp. 91-97

Eric Bond and Stephen E Guisinger

International Trade Constraints and Commodity Market Models: An Application to the Cotton Market pp. 98-107

Eric A Monke and Lester Taylor

The Role of Imports from the Newly-industrializing Countries in U.S. Production pp. 108-17

Bee Yan Aw and Mark Roberts

Diagnostic Checking in Practice pp. 118-23

Walter Krämer

Data Mining as an Industry pp. 124-27

Frank Denton

The Information Efficiency of Econometric Model Forecasts pp. 128-34

Allen Berger and Spencer Krane

Specification Error in Probit Models pp. 134-39

Adonis Yatchew and Zvi Griliches

Money, Unemployment and Inflation pp. 139-43

Jason Benderly and Burton Zwick

Intergenerational Earnings Mobility in the United States: Some Estimates and a Test of Becker's Intergenerational Endowments Model pp. 144-51

Jere Behrman and Paul Tarbman

Income Inequality Effects by Income pp. 151-56

Robert Lerman and Shlomo Yitzhaki

The Determinants of Small Plant Market Share in Canadian Manufacturing Industries in the 1970s pp. 156-61

John Baldwin and Paul Gorecki

Switching Regression Estimates of a Sequential Production Process: The Case of Underground Coal Mining pp. 161-65

Alan L Halvorson

Estimating the Demand for Heterogeneous Goods pp. 165-71

Robert L Ohsfeldt and Barton A Smith

Econometric Issues in the Analysis of Executive Compensation: A Comment [The Effects of Regulation on Executive Compensation] pp. 171-74

James Dunlevy

A Test Strategy for Discriminating between Autocorrelation and Misspecification in Regression Analysis: A Critical Note pp. 175-77

Paul Knottnerus

A Test Strategy for Discriminating between Autocorrelation and Misspecification in Regression Analysis: Reply pp. 177-78

Jerry Thursby