Now showing items 1-10 of 36
The Badly Behaved Production Function: Comment
In their recent article Joan Robinson and K. A. Naqvi provide an example which they think ". . . conclusively disproves the notion that the number of switches cannot be more than the number of capital goods in the system." ...
An Optimal Unemployment Rate: Comment
Dobell and Ho have recently presented in this Journal 1 an aggregate model of the economy in which unemployment may be optimal with respect to a maximum consumption-over-time criterion. They carefully abstract from Phillips ...
Spectral Analysis of Data Generated by Simulation Experiments with Econometric Models
This paper is concerned with the use of spectral analysis to analyze data generated by computer simulation experiments with models of economic systems. An example model serves to illustrate two different applications of ...
An Econometric Model of the Textile Industry in the United States
The model presented in this paper is a system of recursive linear regression equations, the parameters of which are estimated from monthly series of data covering the period, January, 1951, through December, 1962.
Implicit Tax Rate Reductions with Growth, Progressive Taxes, Constant Progressivity, and a Fixed Public Share
It is the purpose of this paper to state with rigor and precision the pattern of tax rate reductions which will meet these requirements. The question is approached in Part I by means of a theoretical model with highly restrictive ...
The Existence of Golden Ages and Stability in the Two-Sector Model
There are several related questions which can be asked in the context of the neoclassical two-sector growth model...
An Econometric Model of the Tobacco Industry
N thi's paper we describe an econometric model of the American tobacco industry for the period 1949 through 1966. The model contains 19 equations and is divided into three major blocks - (1) leaf production, (2) leaf price, ...
The Use of Error Components Models in Combining Cross Section with Time Series Data
A mixed model of regression with error components is proposed as one of possible interest for combining cross section and time series data. For known variances, it is shown that Aitken estimators and covariance estimators ...
The Nature and Implications of the Reswitching of Techniques
By reswitching of techniques we mean the recurrence at different rates of interest of a whole matrix of activities or a "technique of production." The "Ruth Cohen Curiosum" may be considered a special case where only a single ...
A Note on the Global Stability of a Simple Growth Model With Many Capital Goods
Growth models with many assets represent an obvious advance beyond the simple one-sector model involving only a single real capital good, and permit discussion of portfolio choice, capital market trading conditions, and ...