Atlantic Economic Journal articles from September 1991

Atlantic Economic Journal archives from September 1991

The changing character of the so-called business cycle.
September 1, 1991... The Changing Character of the So-called Business Cycle Business Cycle Theory and the Change in the Wage and Price Mechanisms over Historical Time I. The Assumption that Business Cycles Are All Alike The assumption common to...

The environment: a challenge for economic theory and policy.
September 1, 1991... The Environment: A Challenge for Economic Theory and Policy This paper analyzes an issue which is becoming increasingly critical: the problem of the relationship between political economy and environmental policy. One can approach this theme...

A qualitative response model of student performance on a standardized test.
September 1, 1991... A Qualitative Response Model of Student Performance on a Standardized Test I. Introduction A student's raw score on an achievement test is often used as a measure of knowledge in statistical studies of factors affecting student...

Comparative statics of production when there are multiple sources of risk.
September 1, 1991... Comparative Statics of Production When there are Multiple Sources of Risk I. Introduction Economists have analyzed exhaustively the impact of uncertainty on producers' decisions when there is a single source of risk [Sandmo, 1971;...

Estimation of Caribbean tourism demand: issues in measurement and methodology.
September 1, 1991... Estimation of Caribbean Tourism Demand: Issues in Measurement and Methodology I. Introduction International trade plays a most prominent role amidst current economic concerns. Little mention is made of tourism, however, despite its...

Output price fluctuations, short-run profits and long-run industry size with input market equilibrium effects.
September 1, 1991... Output Price Fluctuations, Short-Run Profits and Long-Run Industry Size with Input Market Equilibrium Effects I. Introduction This paper incorporates input market equilibrium effects into an analysis of output price fluctuations. In...

The impact of productivity growth on U.S. agricultural prices. (Anthology)
September 1, 1991... The Impact of Productivity Growth on U.S. Agricultural Prices The U.S. agricultural sector has realized substantial productivity growth in recent years. Theoretically, this productivity growth should have a moderating influence on...

Optimal pricing under uncertainty. (Anthology)
September 1, 1991... Optimal Pricing Under Uncertainty In a seminal paper, Sandmo [AER, 61, 1971] considered a competitive firm which must choose its level of output before observing the product price. In contrast, this study is concerned with a firm which...

Common logical errors in applying mathematics to economics. (Anthology)
September 1, 1991... Common Logical Errors in Applying Mathematics to Economics The custom in economics of presenting arguments in the very compact form of mathematical equations contains unrecognized risks. Consider the widespread use of "=" for "approximately...

Financial development and economic growth - causality tests. (Anthology)
September 1, 1991... Financial Development and Economic Growth -- Causality Tests Twenty-five years ago, Patrick [Economic Development and Cultural Change, 1966] postulated that in the early stages of development, financial expansion, through the creation of...

The inclusion of money in the KLEM specification. (production function specifications)(Anthology)
September 1, 1991... The Inclusion of Money in the KLEM Specification Using the KLEM specification for modeling the production behavior of the U.S. manufacturing sector is well documented in the literature. However, the issue of the inclusion of real cash...

Test of the most generalized version of the Heckscher-Ohlin theorem. (trade model)(Anthology)
September 1, 1991... Test of the Most Generalized Version of the Heckscher-Ohlin Theorem A generalized version of the Heckscher-Ohlin model of trade has been developed by A. V. Deardorff [AER, September, 1982] for the l-factor, m-commodity, and n-country case....

Effects of wage and international taxation on the trade balance. (Anthology)
September 1, 1991... Effects of Wage and Interest Taxation on the Trade Balance Traditional analyses of fiscal policies in an open economy simply assume that taxes are lumpsum. This paper analyzes the steady-state effects of changes in both labor and capital...

A note on the economic determinants of teenage abortion. (Anthology)
September 1, 1991... A Note on the Economic Determinants of Teenage Abortion Since Roe v. Wade there has been an enormous increase in the number of young women having legal abortions. In an attempt to understand the role that economic factors play in a young...

The effect of unions on black and white earnings. (Anthology)
September 1, 1991... The Effect of Unions on Black and White Earnings During the 1970s, several empirical studies were conducted which found that the average earnings of black workers relative to white workers was consistently higher in unionized than in...