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 56, issue 4, 1974

Consumer Behavior, Retailer Power and Market Performance in Consumer Goods Industries pp. 419-36

Michael E Porter

Estimation of Policy Preference Functions: An Application to U.S. Beef Import Quotas pp. 437-49

Gordon Rausser and John Freebairn

The Estimation of the Cost of Adjustment to External Disequilibria pp. 450-55

F Steb Hipple

The Covariance Measure of Substitution: An Application to Financial Assets pp. 456-67

James M O'Brien

Limiting Forms for Demand Functions: Tests of Some Specific Hypotheses pp. 468-77

James B Ramsey

Leverage, Risk, Market Structure and Profitability pp. 478-85

Gloria J Hurdle

Consumer and Wholesale Prices in a Model of Price Behavior by Stage of Processing pp. 486-501

Joel Popkin

Demand and Supply of Money in a Developing Economy: A Structural Analysis for India pp. 502-10

B B Bhattacharya

Trends in Industrial Market Concentration, 1947 to 1970 pp. 511-20

Willard F Mueller and Larry G Hamm

Labor Force Experience, Job Turnover, and Racial Wage Differentials pp. 521-29

Robert J Flanagan

The Distribution of Job Characteristics pp. 530-40

Robert Lucas

Informative and Goodwill Advertising pp. 541-48

Kenneth D Boyer

Ideal Index Numbers that Almost Satisfy the Factor Reversal Text pp. 549-52

Kazuo Sato

More on Log-Change Index Numbers pp. 552-54

Henri Theil

Air Pollution and Property Values: A Further Comment pp. 554-56

Freeman, A Myrick,

A Further Evaluation of the Effect of Diversification on Industry Profit Performance pp. 557-59

Stephen A Rhoades

A Principal Components Analysis of the National Accounting Data of Eighteen OECD Countries pp. 559-62

Ernest H Oksanen and James R Williams

A Sufficient Condition for the Underestimation of the Variance in Linear Regression pp. 562-63

Ayala Cohen and C L Mallows

Nonlinear Estimation of the CES Production Parameters: A Monte Carlo Study pp. 563-67

Krishna Kumar and James H Gapinski

Volume 56, issue 3, 1974

Risk, Investment Strategy and the Long-Run Rates of Return pp. 259-69

Marshall E Blume and Irwin Friend

On the Variability of the Replacement Investment Capital Stock Ratio: Some Evidence from Capital Scrappage pp. 270-78

George Bitros and Harry H Kelejian

Causes of Direct Investment: Foreign Firms' Shares in Canadian and United Kingdom Manufacturing Industries pp. 279-93

Richard E Caves

Technical Change and Firm Size: The Pharmaceutical Industry pp. 294-302

John M Vernon and Peter Gusen

Conglomerate Mergers and Concentration Ratios pp. 303-09

Lawrence G Goldberg

Occupational Training in Proprietary Schools and Technical Institutes pp. 310-18

Richard Freeman

The Determinants of Value in the Philadelphia Housing Market: A Case Study of the Main Line 1967-1969 pp. 319-28

Robert H Edelstein

Capitalization of Residential Property Taxes: An Empirical Study pp. 329-33

T J Wales and Elmer Wiens

Coinsurance, the Price of Time, and the Demand for Medical Services pp. 334-42

Charles E Phelps and Joseph Newhouse

Estimation of Elasticity of Substitution in American Manufacturing Industry from Pooled Cross-Section and Time-Series Observations pp. 343-47

Roger D Blair and John Kraft

Relative Shares of Labor and Capital in Agriculture: A Subarid Area Israel, 1952-1969 pp. 348-52

Gideon Fishelson

Regional Growth: Interstate and Intersectoral Factor Reallocations pp. 353-59

Donald Mitchell Smith

Secular and Cross-Section Industrialization Patterns: Some Further Evidence on the Kuznets-Chenery Controversy pp. 360-68

Paul Gregory and James M Griffin

The Optimum Commodity Tariff and Tariff Rates in Developed and Less Developed Countries pp. 369-77

Edward J Ray

Selecting the Optimal Order of Polynomial in the Almon Distributed Lag pp. 378-86

Takeshi Amemiya and Kimio Morimune

Static vs. Dynamic Phillips Curves pp. 387-90

Gerald W Scully

Spectral Analysis of the Dependence of Labor Force Participation on Unemployment and Wages pp. 390-93

Goodman, John L,

Adjustment Costs and Short-Run Returns to Labour pp. 393-96

R W Latham and David Peel

The Rising Price of Physicians' Services: A Clarification pp. 396-98

Douglas Brown, Martin Feldstein and Harvey Lapan

The Measurement of Enterprise Diversification pp. 399-401

Paul Gorecki

The Husby Consumption Analysis: A Comment pp. 401-02

James H Gapinski

The Husby Consumption Analysis: A Reply pp. 403

Ralph D Husby

Hedonic Estimation of Housing Market Prices: A Further Comment pp. 404-06

Mahlon R Straszheim

The Identification Problem with the Houthakker-Taylor Model pp. 406-09

Tzong-Biau Lin

The Effect of Foreign Exchange Instability on Growth pp. 410-12

Constantin S Voivodas

Bias in Estimating Portfolio Alpha and Beta Scores pp. 412-14

George M Frankfurter, Herbert E Phillips and John P Seagle

A Proposed Real Net Output Index: A Comment pp. 415-16

Bent Hansen

The Relative Power of the t-Test: A Comment pp. 416-17

J A Tillman

The t-Test and High-Order Serial Correlation: A Reply pp. 417-18

David Belsley

Volume 56, issue 2, 1974

Aggregate Price Dynamics pp. 129-40

George de Menil

The Effect of Income Instability on Farmers' Consumption and Investment pp. 141-49

J A GirAo, W G Tomek and T D Mount

Racial Differentials in Male Unemployment Rates: Evidence from Low-Income Urban Areas pp. 150-57

Duane E Leigh and V Lane Rawlins

Discrimination Based on Education in the Labor Market for Engineers pp. 158-66

Edmund H Mantell

Unemployment: Okun's Law, Labor Force, and Productivity pp. 167-76

Benjamin M Friedman and Michael L Wachter

Monetary and Fiscal Effects on Economic Activity: A Reduced Form Examination of their Relative Importance pp. 177-87

Roger Waud

Excess Capacity and Market Structure pp. 188-94

Frances Ferguson Esposito and Louis Esposito

Advertising, Profits, and Corporate Taxes Revisited pp. 195-200

John Siegfried and Leonard W Weiss

Railroad Costs, Returns to Scale, and Excess Capacity pp. 201-08

Theodore E Keeler

Risk Aversion and the Consumer Choice of Health Insurance Option pp. 209-14

Bernard Friedman

Exchange Rate Flexibility and Macro-Economic Stability pp. 215-24

Edward Tower and Mark M Courtney

A Cost Minimization Approach to Import Demand Equations pp. 225-34

David Burgess

Environmental Repercussions and Trade Theory pp. 235-44

Anthony Y C Koo

Post Data Model Evaluation pp. 245-53

George Judge, M E Bock and T A Yancey

Alternative Opportunities and Interstate Migration: Some Additional Results pp. 254-57

Walter J Wadycki

Volume 56, issue 1, 1974

Inflation and the Redistribution of Wealth pp. 1-13

G L Bach and James B Stephenson

The Market for Federal Agency Securities: Is There an Optimum Size of Issue? pp. 14-22

William L Silber

The Demand for Funds in the Public and Private Corporate Bond Markets pp. 23-29

Charles R Wolf

The Political Economy of New Deal Spending: An Econometric Analysis pp. 30-38

Gavin Wright

The "Inheritance of IQ" and the Intergenerational Reproduction of Economic Inequality pp. 39-51

Samuel Bowles and Valerie I Nelson

Pigouvian Exploitation of Labor pp. 52-57

Joseph Persky and Herbert Tsang

The Determinants of Entry: A Sudy of the Canadian Manufacturing Industries pp. 58-66

Dale Orr

Market Structure and Price-Cost Margins in United Kingdom Manufacturing Industries pp. 67-76

Javad Khalilzadeh-Shirazi

The Revealed Value of Time in Air Travel pp. 77-82

Arthur De Vany

The Distribution of West European Trade under Alternative Tariff Policies pp. 83-91

Stephen A Resnick and Edwin Truman

A Comparison of Methods for Testing Nonnested Hypotheses pp. 92-99

Richard E Quandt

Cross-Sectional Estimates of Cost Economies in Stock Property-Liability Companies pp. 100-03

Robert F Allen

Measuring the Impact of Monetary and Fiscal Actions: A New Look at the Specification Problem pp. 104-07

Raymond E Lombra and Raymond G Torto

Environmental Repercussions and the Economic Structure: An Input-Output Approach: A Comment pp. 107-09

Warren A Flick

Environmental Repercussions and the Economic Structure: An Input-Output Approach: A Reply pp. 109-10

Wassily Leontief

Wheat Culture and Productivity Trends in Wheat Production in the United States, 1867-1914: A Comment pp. 110-14

Walter P Page

Regional Specialization and the Supply of Wheat in the United States, 1867-1914: A Reply pp. 114-15

Franklin M Fisher and Peter Temin

Laws of Production and Laws of Algebra: The Humbug Production Function pp. 115-20

Anwar Shaikh

Law of Production and Laws of Algebra: The Humbug Production Function: A Comment pp. 121

Robert Solow

A Note on Theil's Minimum Standard Error Criterion when the Disturbances are Autocorrelated pp. 122-23

Peter Schmidt

A Quality Index for Economic Journals pp. 123-25

Winston C Bush, Paul W Hamelman and Robert J Staaf