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Technical Progress, Elasticity of Substitution and Returns to Scale in Branches of Soviet Industry: Some New Empirical Evidence Using Soviet Republic Data, 1961-74 苏联工业部门的技术进步、替代弹性和规模报酬:1961- 1974年苏联共和国数据的一些新的经验证据
The Manchester school of economic and social studies Pub Date : 1988-06-01 DOI: 10.1111/J.1467-9957.1988.TB01322.X
Erkin I. Bairam
{"title":"Technical Progress, Elasticity of Substitution and Returns to Scale in Branches of Soviet Industry: Some New Empirical Evidence Using Soviet Republic Data, 1961-74","authors":"Erkin I. Bairam","doi":"10.1111/J.1467-9957.1988.TB01322.X","DOIUrl":"https://doi.org/10.1111/J.1467-9957.1988.TB01322.X","url":null,"abstract":"In this paper, the author provides estimates of the rate of technical progress and the degree of returns to scale experienced by the nine major branches of Soviet industry. The results reveal that different production functio ns (the Cobb-Douglas, CES, and Kmenta approximation) and different es timation techniques (ordinary least squares, instrumental variables, and maximum likelihood) give similar, if not identical, results. Copyright 1988 by Blackwell Publishers Ltd and The Victoria University of Manchester","PeriodicalId":83172,"journal":{"name":"The Manchester school of economic and social studies","volume":"46 1","pages":"103-117"},"PeriodicalIF":0.0,"publicationDate":"1988-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84352129","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 18
Classical and Neoclassical Competitive Adjustment Processes 古典和新古典竞争调整过程
The Manchester school of economic and social studies Pub Date : 1987-03-01 DOI: 10.1007/978-3-642-00324-0_15
P. Flaschel, W. Semmler
{"title":"Classical and Neoclassical Competitive Adjustment Processes","authors":"P. Flaschel, W. Semmler","doi":"10.1007/978-3-642-00324-0_15","DOIUrl":"https://doi.org/10.1007/978-3-642-00324-0_15","url":null,"abstract":"","PeriodicalId":83172,"journal":{"name":"The Manchester school of economic and social studies","volume":"11 1","pages":"13-37"},"PeriodicalIF":0.0,"publicationDate":"1987-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84341124","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 55
PERSONAL SAVINGS AND TRANSACTIONS BALANCE CHANGES 个人储蓄和交易平衡变化
The Manchester school of economic and social studies Pub Date : 1986-12-01 DOI: 10.1111/J.1467-9957.1986.TB01280.X
I. Pearce, Stephen Thomas
{"title":"PERSONAL SAVINGS AND TRANSACTIONS BALANCE CHANGES","authors":"I. Pearce, Stephen Thomas","doi":"10.1111/J.1467-9957.1986.TB01280.X","DOIUrl":"https://doi.org/10.1111/J.1467-9957.1986.TB01280.X","url":null,"abstract":"In this paper the authors draw attention (1) to the role of contra ctual saving via life funds in the definition of personal savings and(2) to the appearance of transactions balance changes in recorded data when inflation is p resent. Using quarterly U.K. data for the period 1963-82, they estimate a simple model, which is both theory and data consistent: changes in noncontractual savi ngs are dominatedby transaction balance changes, and other economic variables t hat frequently appear in savings and consumption studies are found to be unimpor tant. Copyright 1986 by Blackwell Publishers Ltd and The Victoria University of Manchester","PeriodicalId":83172,"journal":{"name":"The Manchester school of economic and social studies","volume":"14 1","pages":"380-390"},"PeriodicalIF":0.0,"publicationDate":"1986-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78757259","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Free Trade, Scale Economies and Productivity Growth in Canadian Manufacturing 加拿大制造业的自由贸易、规模经济和生产率增长
The Manchester school of economic and social studies Pub Date : 1986-12-01 DOI: 10.1111/J.1467-9957.1986.TB01281.X
M. Daly, P. Rao
{"title":"Free Trade, Scale Economies and Productivity Growth in Canadian Manufacturing","authors":"M. Daly, P. Rao","doi":"10.1111/J.1467-9957.1986.TB01281.X","DOIUrl":"https://doi.org/10.1111/J.1467-9957.1986.TB01281.X","url":null,"abstract":"Liberalized trade between Canada and the United States has long been advocated on the grounds that it would per mit Canadian manufacturersto take advantage of the scale economies associated w ith a larger market and thus lead to improved productivity. This paper reports e stimates of the degree of scale economies and its contribution to total factor p roductivity growth in 22 Canadian manufacturing industries. The main conclusion is that the extent of scale economieshas been grossly exaggerated. Consequently , the potential productivity gains to Canada from freer trade are unlikely to be as great as some economists have predicted. Copyright 1986 by Blackwell Publishers Ltd and The Victoria University of Manchester","PeriodicalId":83172,"journal":{"name":"The Manchester school of economic and social studies","volume":"56 1","pages":"391-402"},"PeriodicalIF":0.0,"publicationDate":"1986-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80485167","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 7
ALTERNATIVE TRADE UNION OBJECTIVE FUNCTIONS IN THE THEORY OF WAGE BARGAINING 工资谈判理论中的工会目标函数选择
The Manchester school of economic and social studies Pub Date : 1986-12-01 DOI: 10.1111/J.1467-9957.1986.TB01279.X
P. Chapman
{"title":"ALTERNATIVE TRADE UNION OBJECTIVE FUNCTIONS IN THE THEORY OF WAGE BARGAINING","authors":"P. Chapman","doi":"10.1111/J.1467-9957.1986.TB01279.X","DOIUrl":"https://doi.org/10.1111/J.1467-9957.1986.TB01279.X","url":null,"abstract":"The paper concerns the appropriate specification of the t rade union objective function for a unionized labor market. Particular attentionis given to the expected effect of changes in membership size and theoptimum w age. A summary of the comparative static properties of a number of different obj ective functions is given and, with the exception of membership changes, there a re no clear differences. Thepaper also comments on the implications of simultan eous changing membership levels and demand changes. It is argued that the implic ations of such changes depend on the type of objective function. Copyright 1986 by Blackwell Publishers Ltd and The Victoria University of Manchester","PeriodicalId":83172,"journal":{"name":"The Manchester school of economic and social studies","volume":"194 1","pages":"367-379"},"PeriodicalIF":0.0,"publicationDate":"1986-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79791490","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
The U.K. Sector of the Federal Reserve's Multicountry Model: The Effects of Monetary and Fiscal Policies 美联储多国模型的英国部分:货币和财政政策的影响
The Manchester school of economic and social studies Pub Date : 1986-12-01 DOI: 10.1111/J.1467-9957.1986.TB01282.X
Hali J. Edison
{"title":"The U.K. Sector of the Federal Reserve's Multicountry Model: The Effects of Monetary and Fiscal Policies","authors":"Hali J. Edison","doi":"10.1111/J.1467-9957.1986.TB01282.X","DOIUrl":"https://doi.org/10.1111/J.1467-9957.1986.TB01282.X","url":null,"abstract":"The purpose of this paper is to describe and to analyze in some detail the U.K. sector of the Federal Reserv e's Multicountry Model (MCM). The analysis focuses on the effects of shifts in U.K. monetary and fiscal policies at three levels: (1) within the unlinked U.K. sector, (2) within the linked MCM framework, and (3) within thelinked MCM under the assumption that U.K. policy shifts are synchronized with those in the MCM ot her countries. The contrast between linked and unlinked simulation illustrates t he importance ofinternational feedback effects. Copyright 1986 by Blackwell Publishers Ltd and The Victoria University of Manchester","PeriodicalId":83172,"journal":{"name":"The Manchester school of economic and social studies","volume":"43 1","pages":"403-419"},"PeriodicalIF":0.0,"publicationDate":"1986-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84537250","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
A NOTE ON THE GOLDEN-RULE CONDITION IN THE OVERLAPPING GENERATIONS GROWTH MODEL 关于代际重叠增长模型中的黄金法则条件的说明
The Manchester school of economic and social studies Pub Date : 1986-12-01 DOI: 10.1111/J.1467-9957.1986.TB01283.X
O. Nishimura, Takeo Nakao
{"title":"A NOTE ON THE GOLDEN-RULE CONDITION IN THE OVERLAPPING GENERATIONS GROWTH MODEL","authors":"O. Nishimura, Takeo Nakao","doi":"10.1111/J.1467-9957.1986.TB01283.X","DOIUrl":"https://doi.org/10.1111/J.1467-9957.1986.TB01283.X","url":null,"abstract":"This paper examines the existence problem of the stationary state that maximizes per capita utility in Samuelson-D iamond model of overlapping generations combined with the post-Keynesian model o f capital growth. Since in a life-cycle consumption model the consumer's decisio n depends on capital intensity, the relation between consumer's utility and capi tal intensity is not as simple asin the post-Keynesian model of capital growth. In this paper the authors show that a unique and stable stationary state is a l ocal minimum, if it satisfies the well-known Swan-Phelps golden-rule production relation. Copyright 1986 by Blackwell Publishers Ltd and The Victoria University of Manchester","PeriodicalId":83172,"journal":{"name":"The Manchester school of economic and social studies","volume":"30 1","pages":"420-424"},"PeriodicalIF":0.0,"publicationDate":"1986-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80616926","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Collateral in Banking Policy and Adverse Selection 银行政策中的抵押品与逆向选择
The Manchester school of economic and social studies Pub Date : 1986-12-01 DOI: 10.1111/J.1467-9957.1986.TB01278.X
Udo Broll, MICHAEL B. Gilroy
{"title":"Collateral in Banking Policy and Adverse Selection","authors":"Udo Broll, MICHAEL B. Gilroy","doi":"10.1111/J.1467-9957.1986.TB01278.X","DOIUrl":"https://doi.org/10.1111/J.1467-9957.1986.TB01278.X","url":null,"abstract":"This paper presents a theoretical model of lending which emphasizes the role of asymmetric information and total debt service obligations between creditors and debtors. The analytical approach is based upon that of Stiglitz and Weiss (1981); however, emphasis here is placed upon collateral policy aspects of credit contracts as compared to the interest rate policy aspects. It is demonstrated that under certain market constellations, even assuming a completely flexible collateral banking policy, the credit market may be characterized by a disequilibrium situation.","PeriodicalId":83172,"journal":{"name":"The Manchester school of economic and social studies","volume":"26 1","pages":"357-366"},"PeriodicalIF":0.0,"publicationDate":"1986-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82791529","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
Exchange Rates Do Not Fail Variance Bounds Tests 汇率不会不通过方差界限测试
The Manchester school of economic and social studies Pub Date : 1986-09-01 DOI: 10.1111/J.1467-9957.1986.TB01273.X
Patrick Honohan, R. Peruga
{"title":"Exchange Rates Do Not Fail Variance Bounds Tests","authors":"Patrick Honohan, R. Peruga","doi":"10.1111/J.1467-9957.1986.TB01273.X","DOIUrl":"https://doi.org/10.1111/J.1467-9957.1986.TB01273.X","url":null,"abstract":"","PeriodicalId":83172,"journal":{"name":"The Manchester school of economic and social studies","volume":"65 1","pages":"308-313"},"PeriodicalIF":0.0,"publicationDate":"1986-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86869360","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
The Optimal Rate of Inflation When the Rate of Growth of the Money Supply Is Stochastic 货币供给增长率随机时的最优通货膨胀率
The Manchester school of economic and social studies Pub Date : 1986-09-01 DOI: 10.1111/J.1467-9957.1986.TB01274.X
D. Chappell
{"title":"The Optimal Rate of Inflation When the Rate of Growth of the Money Supply Is Stochastic","authors":"D. Chappell","doi":"10.1111/J.1467-9957.1986.TB01274.X","DOIUrl":"https://doi.org/10.1111/J.1467-9957.1986.TB01274.X","url":null,"abstract":"","PeriodicalId":83172,"journal":{"name":"The Manchester school of economic and social studies","volume":"5 1","pages":"314-321"},"PeriodicalIF":0.0,"publicationDate":"1986-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87670506","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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