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 64, issue 4, 1982

Federal Aid and Public Education: An Empirical Look at the New Fiscal Federalism pp. 541-52

Steven Craig and Robert P Inman

Wealth Neutrality Revisited: Guaranteed Tax Base Formulas and Local Choice in Public Education pp. 553-61

Gilbert J Reilly

An Econometric Investigation of the Monetary Neutrality and Rationality Propositions from an International Perspective pp. 562-71

Dennis Hoffman and Don Schlagenhauf

Separate Misspecified Regressions and the U.S. Long-Run Demand for Money Function pp. 572-83

Michael McAleer, Gordon Fisher and Paul Volker

Evidence of the Structural Stability of Short-Term Capital Flow pp. 584-88

Yung Y Yang and James E Gehrmann

The Index of Leading Indicators: "Measurement without Theory," Thirty-Five Years Later pp. 589-95

Alan Auerbach

The Substitutability of Natives and Immigrants in Production pp. 596-603

Jean Baldwin Grossman

Affirmative Action and Opportunity: A Study of Female Quit Rates pp. 604-12

Paul Osterman

Causes of Increased Competition in the U.S. Economy, 1939-1980 pp. 613-26

William G Shepherd

Inter-Industry Technology Flows and Productivity Growth pp. 627-34

F M Scherer

A Closer Look at the Effect of Market Growth on Industries' Profits pp. 635-45

Ralph Bradburd and Richard E Caves

Relatedness in the Patterns of Interindustry Diversification pp. 646-57

Andre Lemelin

Testing the Rational Expectations Hypothesis in an Agricultural Market pp. 658-67

Thomas H Goodwin and Steven Sheffrin

Small Sample Properties of Three Tests for Granger-Causal Ordering in a Bivariate Stochastic System pp. 668-80

David K Guilkey and Michael K Salemi

Exchange Rate Determination and the Demand for Money pp. 681-86

Craig Hakkio

Market Reaction to the Filing of Antitrust Suits: An Aggregate and Cross-Sectional Analysis pp. 686-91

Kenneth Garbade, William L Silber and Lawrence White

A Comparison between the Food Ratio Poverty Line and the Leyden Poverty Line pp. 691-94

Bernard van Praag, Jan S Spit and Huib van de Stadt

A Note on the Estimation of Disaggregate Time Series When the Aggregate Is Known pp. 695-96

Nicola Rossi

Two-Stage Least Squares Estimation in the Simultaneous Equation Model with Errors in the Variables pp. 696-701

Ronald H Ketellapper

Impact of the Terms of Trade on the U.S. Trade Balance: A Comment pp. 701-02

Neven Mates

Impact of the Terms of Trade on the U.S. Trade Balance: A Reexamination pp. 702-06

Stephen E Haynes and Joe Stone

Impact of the Terms of Trade on the U.S. Trade Balance: A Reply pp. 707-08

Lee R McPheters and William B Stronge

Volume 64, issue 3, 1982

The Productivity-Inflation Nexus in Canada, 1963-1979 pp. 361-67

J Peter Jarrett and Jack G Selody

Multimarket Contact and Economic Performance pp. 368-75

John Scott

Intraindustry Structure and the Ease of Strategic Change pp. 376-83

Sharon M Oster

On the Firm's Production, Capital Structure and Demand for Debt pp. 384-93

Alice Nakamura and Masao Nakamura

The Estimation of a Hybrid Cost Function for a Railroad Firm pp. 394-404

Ronald R Braeutigam, Andrew Daughety and Mark A Turnquist

Price-Cost Margins in Producer Goods Industries and "The Importance of Being Unimportant." pp. 405-12

Ralph Bradburd

Stochastic-Dynamic Limiting Pricing: An Empirical Test pp. 413-22

Robert T Masson and Joseph Shaanan

Estimates of the Disequilibria in Poland's Consumer Markets, 1965-1978 pp. 423-31

Leon Podkaminer

An Empirical Demand and Supply Model of Multilateral Trade pp. 432-41

Vincent J Geraci and Wilfried Prewo

Taxation and On-the-Job Training Decisions pp. 442-49

Harvey Rosen

Earnings Mobility: Permanent Change or Transitory Fluctuations pp. 450-56

Peter T Gottschald

Life-Cycle Job Choice and the Demand and Supply of Entry Level Jobs: Some Evidence from the Air Force pp. 457-65

Arthur S De Vany and Thomas R Saving

A Generalized Input-Output Model of an Economy with Environmental Protection pp. 466-73

Kwang-Soo Lee

Application of Stochastic Choice Modeling to Policy Analysis of Public Goods: A Case Study of Air Quality Improvements pp. 474-80

Edna Loehman and Vo Hu De

Relative Risk Aversion Revisited pp. 481-87

Frederick W Siegel and Hoban, James P,

Rigid Regression under Alternative Loss Criteria pp. 488-94

Karl Lin and Jan Kmenta

Employer Size and Wages pp. 495-501

Wesley Mellow

Inequality in the Lifetime Earnings of Women pp. 501-04

Donald Cox

The Effects of Regulation on Executive Compensation pp. 505-09

Thomas M Carroll and David H Ciscel

The Tobit Model, Hours of Work and Institutional Constraints pp. 510-15

Robert Moffitt

The Mystery of the Multiplying Marks: A Modification of the Monetary Model pp. 515-19

Jeffrey Frankel

The Cost of Capital and the Market Power of Firms: A Comment pp. 519-23

Anthony J Curley, J Lawrence Hexter and Dosoung Choi

The Cost of Capital and the Market Power of Firms: Reply and Correction pp. 523-25

Timothy G Sullivan

The Effect of the Changing Size and Composition of Government Purchases on Potential Output: A Comment pp. 525-27

Bradford G Reid

The Effect of the Changing Size and Composition of Government Purchases on Potential Output: A Reply pp. 527-28

George von Furstenberg

The Structural Effects of State Regulation of Retail Fluid Milk Prices: A Comment pp. 529-34

Charles Needy

The Structural Effects of State Regulation of Retail Fluid Milk Prices: A Reply pp. 534-37

Robert Tempest Masson and Lawrence Marvin DeBrock

Urban Income Distribution and the Urban Hierarchy-Equality Hypothesis: A Comment pp. 537-40

Stephen Nord

Volume 64, issue 2, 1982

The Determinants of Official OPEC Crude Prices pp. 177-82

Verleger, Philip K,

The Demand for Cars and the Price of Gasoline: The User Cost Approach pp. 184-90

Asher Tishler

The Incidence of Price Changes in the U.S. Economy pp. 191-203

Katherine Maddox McElroy, John Siegfried and George H Sweeney

Role of Wealth in Consumption: An Empirical Investigation pp. 204-10

G S Laumas and Rati Ram

The Income Tax and Nonwage Compensation pp. 211-19

James E Long and Frank Scott

Substitution between Production Labor and Other Inputs in Unionized and Nonunionized Manufacturing pp. 220-33

Richard Freeman and James Medoff

The Relative Effects of Employed and Unemployed Job Search pp. 234-41

Lawrence Kahn and Stuart A Low

Determinants of Male School Enrollments: A Time-Series Analysis pp. 242-51

J Peter Mattila

Male Inheritance Expectations in the United States in 1870 pp. 252-60

Lee Soltow

Trade Policy and the American Income Distribution pp. 261-70

James C Hartigan and Edward Tower

Import Competition from Developed and Developing Countries pp. 271-81

Gene Grossman

Urban Residential Segregation and Black Income pp. 282-88

Norman R Cloutier

The Effect of Television Station Ownership on Local News Ratings pp. 289-95

Allen M Parkman

Policy-Dependent Parameters in the Presence of Optimal Learning: An Application of Kalman Filtering to the Fair and Sargent Supply-Side Equations pp. 296-306

Paul McNelis and Salih Neftci

A Primer on Box-Cox Estimation pp. 307-13

John J Spitzer

Misspecification, Heteroscedasticity, and the Chow and Goldfeld-Quandt Tests pp. 314-21

Jerry Thursby

The Effect of Economic Events on Votes for President: 1980 Results pp. 322-25

Ray Fair

Maximum Likelihood Estimates of a Partial Adjustment-Adaptive Expectations Model of the Demand for Money pp. 325-29

Daniel Thornton

Interfirm Adoption of Capital-Goods Innovations pp. 330-35

Anita M Benvignati

Econometric and Computational Issues in Estimating Demand for Energy by Time-of-Day pp. 335-39

Ramu Ramanathan and Allen Mitchem

Impacts of New Entry and Horizontal Joint Ventures on Industrial Rates of Return pp. 339-42

Duncan, Jerome L,

Market Power and Foreign Involvement by U.S. Multinationals pp. 343-46

Mark Hirschey

Modelling Export Prices and Quantities in a Small Open Economy [The Supply and Demand for Exports: A Simultaneous Approach] pp. 346-47

Francis X Browne

The Effect of Population Growth upon the Quantity of Education Children Receive: A Comment pp. 348-52

T J Meeks

The Effect of Population Growth upon the Quantity of Education Children Receive: A Reply pp. 352-55

Hiroshi Miyashita

The Stability of the Demand for Money: Evidence from the Post-1973 Period: A Comment pp. 355-57

Rik Hafer and Scott Hein

The Stability of the Demand for Money: Evidence from the Post-1973 Period: A Reply pp. 358-69

G S Laumas and David Spencer

Volume 64, issue 1, 1982

The Effect of Unemployment Insurance on Unemployment: The Case of Federal Supplemental Benefits pp. 1-11

Robert Moffitt and Walter Nicholson

Unemployment Insurance and the Reservation Wage of the Unemployed pp. 12-17

Raymond P H Fishe

Fertility and Labor Force Participation in the Soviet Union and Eastern Europe pp. 18-31

Paul R Gregory

Effects of Community and Family Background on Achievement pp. 32-41

Linda P Datcher

The Determinants of the Relative Importance of Small Business pp. 42-49

Lawrence White

Organizational Costs, "Sticky Equilibria," and Critical Levels of Concentration pp. 50-58

Ralph Bradburd and A. Over

The Welfare Implications of Externalities and Price Elasticities for Telecommunications Pricing pp. 59-66

James M Griffin

An Analysis of the Impact of Open Entry on Price and the Quality of Service in the Airline Industry pp. 67-76

John M Trapani and C Vincent Olson

Campaign Contributions and Congressional Voting: A Simultaneous Probit-Tobit Model pp. 77-83

Henry Chappell

The Cross-sectional, Inter-industry Structure of Capital Utilization in a Developing Economy: The Case of S. Korean Manufacturing pp. 84-89

Young Chin Kim

Depreciation of Housing: An Empirical Consideration of the Filtering Hypothesis pp. 90-96

Stephen E Margolis

Estimation of Dynamic Linear Expenditure Functions for Housing pp. 97-103

Francis J Cronin

Analysis of Income and Food Expenditure Distributions: A Flexible Approach pp. 104-09

James R Blaylock and David Smallwood

Prices and Market Shares in the International Machinery Trade pp. 110-16

Irving B Kravis and Robert Lipsey

Testing for the Stability of the Investment Function pp. 117-25

Noel D Uri

Anticipated Money, Inflation Uncertainty and Real Economic Activity pp. 126-34

John Makin

A Technique for Extracting a Measure of Expected Inflation from the Interest Rate Term Structure pp. 135-42

Jeffrey Frankel

Personal Saving and the Measurement of Income Tax Liabilities pp. 143-47

Joe Peek

The Elasticity of the U.S. Individual Income Tax: Its Calculation, Determinants and Behavior pp. 147-51

Albert Fries, John P Hutton and Peter J Lambert

More on the Returns to Job Search: A Test of Two Models pp. 151-56

Surendra Gera and Abrar Hasan

Wage Expectations in the Labor Market: Survey Evidence on Rationality pp. 157-61

Jonathan Leonard

Regional Convergence and National Inequality pp. 161-65

Mo-Yin Tam and Joseph Persky

Geographic Market Size and the Extent of Multiplant Operations pp. 165-67

Larry L Deutsch

Are Tax Cuts Stimulatory? pp. 168-69

Marcelle Arak

Bonds vs. Money Financing and Fiscal Policy: An Empirical Note pp. 170-72

Lincoln Anderson and Russell Sheldon

Testing the Assumptions of Seemingly Unrelated Regressions pp. 172-74

Denis Conniffe

A Note on the Comparison of the Mean Square Error of Inequality Constrained Least Squares and Other Related Estimators pp. 174-76

Michael Thomson and Peter Schmidt