Atlantic Economic Journal articles from March 1989

Atlantic Economic Journal archives from March 1989

The three branches revisited. (fiscal theory)
March 1, 1989... The Three Branches Revisited It is now over three decades that I first viewed fiscal theory in the context of a three-branch model, distinguishing between its allocation, distribution, and stabilization functions [Musgrave, 1957; 1959]. The...

Determinants of club membership: an economic approach.
March 1, 1989... Determinants of Club Membership: An Economic Approach Introduction The determinants of membership in private voluntary organizations have received intermittent attention in the sociological literature but have attracted little...

Educational screening with output variability and costly monitoring.
March 1, 1989... Educational Screening With Output Variability and Costly Monitoring Introduction Hiring screens are clearly more important to firms in those occupations where on-the-job measurement of a worker's output is more costly. A popular...

Keynes' monetary theory and bank reserves in Britain.
March 1, 1989... Keynes' Monetary Theory and Bank Reserves in Britain Because Keynes was British, his economic theory was peculiarly suited to British financial institutions, particularly the lack of a distinction for reserve purposes between deposit and...

The development of a bank classification scheme through discriminant analysis.
March 1, 1989... The Development of a Bank Classification Scheme Through Discriminant Analysis I. Introduction In organizational research the correct classification of the sample entities is crucial. Improper classifications will lead to erroneous...

X-inefficiency, productivity and inflation: an empirical investigation.
March 1, 1989... X-Inefficiency, Productivity and Inflation: An Empirical Investigation Introduction Since the publication of Leibenstein's seminal paper [1966] that extends the concept of efficiency to the non-allocative area of resource...

Technology and Economic Policy.
March 1, 1989... Technology and Economic Policy If accuracy in labeling extended to professional books, this volume, Technology and Economic Policy, might bear the title "tax reform proposals and capital formation: 1985 perspectives," or perhaps "fiscal...

The effect of strikes on economic growth.
March 1, 1989... The Effect of Strikes on Economic Growth Much of the existing literature on industrial conflict has dealt with the causes of strikes. Only a very few studies have examined the effects of strikes on economic performance. However, an...

On the demand for money in Nigeria.
March 1, 1989... On the Demand for Money in Nigeria A recent paper in the Atlantic Economic Journal [Arize and Lott, 1985], reexamined the demand for money in Nigeria. Using annual data for the period covering 1960-77, they estimated a demand for money...

Financial innovation, deregulation, and the slope of the LM.
March 1, 1989... Financial Innovation, Deregulation, and the Slope of the LM In the last decade, the financial environment has been characterized by deregulation and financial innovation. Consequently, a large volume of studies has been undertaken to...

Comment on causality testing of the Wagner's law.
March 1, 1989... Comment on Causality Testing of the Wagner's Law The basic thrust of Wagner's law is that the relative size of the public sector in the economy (G/GDP) has an inherent tendency to grow as per capita income (GDP/POP) increases. It is fair to...

Exchange rates, import costs, and domestic wage and price levels.
March 1, 1989... Exchange Rates, Import Costs, and Domestic Wage and Price Levels This paper analyzes domestic price and wage adjustments in response to changes in exchange rates and import prices. The larger the rise in money wage rates, domestic prices,...

On phone reservations: public versus private teaching hospitals.
March 1, 1989... On Phone Reservations: Public Versus Private Teaching Hospitals Recently, a rapidly growing property rights literature has been consistently showing that an interconnectedness exists among ownership, incentive, and economic behavior [Furubotn...

Food prices, agriculture labor supply, and mechanization.
March 1, 1989... Food Prices, Agriculture Labor Supply, and Mechanization The rapid trend by several Less Developed Countries (LDC's) towards labor-substitution mechanization and capital intensiveness in agriculture seems to ignore and contradict the familiar...

On the mutual causalities between age at marriage and divorce.
March 1, 1989... On the Mutual Causalities Between Age at Marriage and Divorce The existence of an inverse relationship between age at marriage and probability of divorce has been repeatedly documented by a variety of empirical studies in the economics,...

Is hospice a cost effective alternative to Medicaid conventional care?
March 1, 1989... Is Hospice A Cost Effective Alternative To Medicaid Conventional Care? In 1986, the Consolidated Omnibus Budget and Reconciliation Act included a provision allowing individual states to reimburse providers for hospice care under Medicaid...

Annuities and inflation.
March 1, 1989... Annuities and Inflation It is axiomatic that inflation benefits borrowers at the expense of lenders under fixed nominal interest rates. It might also seem logical that inflation would have a neutral effect on borrowers and lenders under...