Economic Inquiry articles from July 1989

Economic Inquiry archives from July 1989

Taxation, aggregate activity and economic growth: cross-country evidence on some supply-side hypotheses. (supply side economics)
July 1, 1989... TAXATION, AGGREGATE ACTIVITY AND ECONOMIC GROWTH: CROSS-COUNTRY EVIDENCE ON SOME SUPPLY-SIDE HYPOTHESES I. INTRODUCTION With the advent of interest in so-called "supply-side" economics, the effects of taxation on aggregate economic...

Agency growth, salaries and the protected bureaucrat. (impact of government agency growth on federal employee salaries)
July 1, 1989... AGENCY GROWTH, SALARIES AND THE PROTECTED BUREAUCRAT I. INTRODUCTION In recent years, increased attention has been directed towards understanding bureaucratic behavior and its implications for economic performance. A key element of...

Production externalities and long-run equilibria: bargaining and Pigovian taxation. (taxation and bargaining as strategies to modify behavior of private firms)
July 1, 1989... PRODUCTION EXTERNALITIES AND LONG-RUN EQUILIBRIA: BARGAINING AND PIGOVIAN TAXATION I. INTRODUCTION Economists have taken two distinct approaches to externality problems. In one, originating with Pigou [1920], the government imposes...

Does the Central American common market benefit its members?
July 1, 1989... DOES THE CENTRAL AMERICAN COMMON MARKET BENEFIT ITS MEMBERS? I. INTRODUCTION The members of the Central American Common Market (CACM) have recently taken measures to revitalize their union: they have formally pledged to improve...

Supply shocks and the interest rate.
July 1, 1989... SUPPLY SHOCKS AND THE INTEREST RATE I. INTRODUCTION A new approach to business cycles that stresses intertemporal substitution possibilities and market clearing equilibria has recently gained prominence. Key models that use this...

Tax rates and labor supply in fiscal equilibrium. (effect of marginal tax rates on labor supply)
July 1, 1989... TAX RATES AND LABOR SUPPLY IN FISCAL EQUILIBRIUM I. INTRODUCTION If the government changes the tax on wage income, what happens to aggregate labor supply? This question is at the core of debates between proponents of supply-side and...

An equilibrium politico-economic model.
July 1, 1989... AN EQUILIBRIUM POLITICO-ECONOMIC MODEL I. INTRODUCTION Recent empirical studies by Alesina and Sachs [1986] and Haynes and Stone [1987] have found that political elections have significant implications for the time paths of employment...

Capital gains and the rate of return on a Stradivarius. (Stradivarius violins)
July 1, 1989... CAPITAL GAINS AND THE RATE OF RETURN ON A STRADIVARIUS I. INTRODUCTION No name in the annals of violin-making has evoked more interest and sense of mystery than that of Antonio Stradivari. During his long lifetime (1644-1737)...

What's wrong here? (use of business periodicals in teaching economics)
July 1, 1989... WHAT'S WRONG HERE? I. INTRODUCTION In the interest of enhancing the economic way of thinking, many professors encourage students to read the Wall Street Journal or other business periodicals (a passive role), while others, following...

Economics: on-line and interactive. (use of computers in economic research)
July 1, 1989... ECONOMICS: ON-LINE AND INTERACTIVE I. INTRODUCTION Computers, though radically altering economic research over the last 30 years, have only recently begun to change teaching and have had limited impact on economic reasoning and...