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 52, issue 4, 1970

Earnings Retention, New Capital and the Growth of the Firm pp. 345-55

William Baumol

Migration as Investment: Empirical Tests of the Human Investment Approach to Geographical Mobility pp. 356-62

Samuel Bowles

The Fundamental Determinants of the Interest Rate pp. 363-75

Martin Feldstein and Otto Eckstein

A Test for Balanced and Unbalanced Growth pp. 376-84

Pan A Yotopoulos and Lawrence J Lau

Optimal Growth Portfolios When Yields Are Serially Correlated pp. 385-94

Nils H Hakansson and Tien-Ching Liu

Nonpecuniary Rewards and the Aggregate Production Function pp. 395-404

Earl A Thompson

Relative Wage Equations for United States Manufacturing Industries 1947-1967 pp. 405-10

Michael L Wachter

Changes in Concentration in Manufacturing Industries in the United States, 1954-1966: Trends and Relationships to the Levels of 1954 Concentration pp. 411-16

Joe S Bain

Some Determinants of Canadian Municipal and Provincial Bond Flotations in the United States pp. 417-26

Duncan M Ripley

Estimating State Income-Tax Revenues: A New Approach pp. 427-33

Neil M Singer

An Input-Output Comparison of the Economic Structure of the U.S. and the U.S.S.R pp. 434-41

Long, Neal B,

The Behavior of Help-Wanted Advertising: A Reply pp. 442-43

Malcolm Cohen and Robert Solow

A Re-Examination of the Import Structure of India pp. 443-46

Nurali Peera

The Role of Saving in a Growth Model with Induced Inventions: A Correction pp. 446-47

Edwin Burmeister, Winston Chang and Rodney Dobell

Work Incentives of the Poor: A Reconsideration pp. 447-49

Ronald F Hoffman and Brad Schiller

Effect of Nonemployment Income and Wage Rates on the Work Incentives of the Poor: Reply pp. 449-50

Christopher Green and Alfred Tella

Volume 52, issue 3, 1970

Corporate Choice Among Long-Term Financing Instruments pp. 225-35

Nevins D Baxter and John G Cragg

Household Demand for Assets: A Model of Short-Run Adjustments pp. 236-41

Brian Motley

An Economic Analysis of Major Determinants of Expenditures on Public Education pp. 242-52

Walter W McMahon

Taxes in the Price Equation: Textiles and Rubber pp. 253-61

William R Moffat

Environmental Repercussions and the Economic Structure: An Input-Output Approach pp. 262-71

Wassily Leontief

European Migration to the United States: An Econometric Analysis of Aggregate Labor Supply and Demand pp. 272-79

Maurice Wilkinson

Linear Regression with Non-Normal Error Terms pp. 280-86

Richard Zeckhauser and Mark Thompson

Constrained Joint Estimation of Factor Demand and Production Functions pp. 287-300

Robert M Coen and Bert G Hickman

Empirical Identification of Key Sectors in the Indian Economy pp. 301-05

Bharat Hazari

A Model for the Dispersion of the Migrant Labor Force and Some Results for the United States, 1880-1920 pp. 306-12

Thomas J Orsagh and Peter J Mooney

The Relationship Between the Income and Price Elasticities of Demand for United States Exports pp. 313-19

F Michael Adler

The Demand for Urban Mass Transportation pp. 320-23

Charles A Lave

Binary and Chain Comparisons with an Experimental Linear Programming Food Price Index pp. 324-30

Joseph L Balintfy, John Neter and William Wasserman

Determinants of the Changes in the Relative Factor Share pp. 331-36

Won Lee Jae

A Note on the Asymptotes of the CES Production Function in the Case Where j pp. 337

Thomas Supel and Garson Sher

Optimal Supply of a Public Good: A Comment pp. 337-39

Karl W Roskamp

An Empirical Study of Interest Rate Determination: A Comment pp. 339-41

William E Gibson and George G Kaufman

An Empirical Study of Interest Rate Determination: Reply pp. 341-43

Michael J Hamburger and William L Silber

Volume 52, issue 2, 1970

The Rising Price of Physicians' Services pp. 121-33

Martin Feldstein

Regional Specialization and the Supply of Wheat in the United States, 1867-1914 pp. 134-49

Franklin M Fisher and Peter Temin

The Effect of Education on the Earnings of Blacks and Whites pp. 150-59

Randall Weiss

Manufacturing Wage Behavior with Special Reference to the Period 1962-1966 pp. 160-67

Wayne Vroman

Capital Depreciation in the Postwar Period: Automobiles pp. 168-72

Frank C Wykoff

Agricultural Land Price Differentials and Their Relationship to Potentially Modifiable Aspects of the Climate pp. 173-80

S R Johnson and Peter A Haigh

Employment Implications of India's Industrialization: Analysis in an Input Output Framework pp. 181-86

Bharat Hazari and J Krishnamurty

Estimation of the Vintage Cobb-Douglas Production Function for the United States 1900-1960 pp. 187-93

Michael Wickens

Labor Quality, Returns to Scale and the Elasticity of Factor Substitution pp. 194-99

Gordon Philpot

Nonlinear Two-Stage Least Squares Estimation of CES Production Functions Applied to the Canadian Manufacturing Industries, 1926-1939, 1946-1967 pp. 200-07

Hiroki Tsurumi

Expenditures and the Composition of the Money Supply pp. 208-11

Sam Peltzman

Wealth and International Reserves pp. 212-14

H Robert Heller

Foreign Capital and Domestic Savings: A Test of Haavelmo's Hypothesis with Cross-Country Data: A Comment pp. 214-16

K L Gupta

Neoclassical Theory of Investment Behavior: A Comment pp. 216-22

Robert Eisner and M Ishaq Nadiri

Volume 52, issue 1, 1970

Effect of Economic Policy on the Term Structure of Interest Rates pp. 1-11

Gail Pierson

International Differences in Income Velocity pp. 12-17

Jacques Melitz and Hector Correa

Structural Change and Postwar Economic Stability: An Econometric Test pp. 18-25

E. Howrey

Short-Term Price Change in the Steel Industry pp. 26-33

Morris E Morkre

Wages, Prices, and Imports in the American Steel Industry pp. 34-46

Richard D Rippe

On the Empirical Relevance of the CES Production Function pp. 47-53

Paul Zarembka

Money in a Developing Economy: A Reappraisal pp. 54-61

Wayne W Snyder

The Role of Saving in a Growth Model with Induced Inventions pp. 62-67

Winston Chang

Marginal Stockholder Tax Rates and the Clientele Effect pp. 68-74

Edwin J Elton and Martin J Gruber

Safety-First and Expected Utility Maximization in Mean-Standard Deviation Portfolio Analysis pp. 75-81

David H Pyle and Stephen J Turnovsky

The Gerschenkron Effect: A Re-Examination pp. 82-86

Paul Jonas and Hyman Sardy

The Market Price of Risk, Size of Market and Investor's Risk Aversion pp. 87-99

John Lintner

Synthetic Factor Shares, the Elasticity of Substitution, and the Residual in Soviet Growth pp. 100-04

Earl R Brubaker

Elasticity of Substitution and the Retardation of Soviet Growth Rates pp. 104-08

Charles R Blitzer

Statistical Evidence of Balanced and Unbalanced Growth: Comment pp. 108-10

David Demery and Lionel Demery

Artificial Orthogonalization in Regression Analysis pp. 110-13

Bennett McCallum

Economies of Size Associated with Public High Schools pp. 113-15

Donald D Osburn

Elasticities of Substitution for Two-Digit Manufacturing Industries: A Correction pp. 115-17

Phoebus J Dhrymes and Paul Zarembka