1. |
THE NEW ZEALAND ECONOMY 1960‐611 |
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Economic Record,
Volume 37,
Issue 80,
1961,
Page 407-419
Victor Argy,
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ISSN:0013-0249
DOI:10.1111/j.1475-4932.1961.tb01396.x
出版商:Blackwell Publishing Ltd
年代:1961
数据来源: WILEY
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2. |
RADCLIFFE MONETARX THEORY1 |
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Economic Record,
Volume 37,
Issue 80,
1961,
Page 420-441
D. c. Rowan,
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ISSN:0013-0249
DOI:10.1111/j.1475-4932.1961.tb01397.x
出版商:Blackwell Publishing Ltd
年代:1961
数据来源: WILEY
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3. |
THE “EXCESS COSTS” OF A TARIFF AND THEIR MEASUREMENT* |
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Economic Record,
Volume 37,
Issue 80,
1961,
Page 442-455
A. J. Rettsma,
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ISSN:0013-0249
DOI:10.1111/j.1475-4932.1961.tb01398.x
出版商:Blackwell Publishing Ltd
年代:1961
数据来源: WILEY
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4. |
ECONOMIC MOBILITY OF IMMIGRANTS IN AUSTRALIA* |
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Economic Record,
Volume 37,
Issue 80,
1961,
Page 456-469
J. Kmenta,
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ISSN:0013-0249
DOI:10.1111/j.1475-4932.1961.tb01399.x
出版商:Blackwell Publishing Ltd
年代:1961
数据来源: WILEY
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5. |
THE DEBATE ON INTEREST |
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Economic Record,
Volume 37,
Issue 80,
1961,
Page 470-479
A. F. McKee,
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ISSN:0013-0249
DOI:10.1111/j.1475-4932.1961.tb01400.x
出版商:Blackwell Publishing Ltd
年代:1961
数据来源: WILEY
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6. |
THE 1961 BASIC WAGE JUDGMENT AND WAGE POLICY* |
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Economic Record,
Volume 37,
Issue 80,
1961,
Page 480-494
R. I. Downing,
J. E. Issac,
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ISSN:0013-0249
DOI:10.1111/j.1475-4932.1961.tb01401.x
出版商:Blackwell Publishing Ltd
年代:1961
数据来源: WILEY
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7. |
NOTES |
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Economic Record,
Volume 37,
Issue 80,
1961,
Page 495-497
A. J. Danks,
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ISSN:0013-0249
DOI:10.1111/j.1475-4932.1961.tb01402.x
出版商:Blackwell Publishing Ltd
年代:1961
数据来源: WILEY
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8. |
HIRE PURCHASE AND THE STABILITY OF CONSUMPTION |
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Economic Record,
Volume 37,
Issue 80,
1961,
Page 497-503
Burgess Cameron,
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摘要:
SummaryThe argument of this paper may be summarised:Consumption expenditure depends upon the sum of households' income after taxplusthe rise in outstanding hire purchase liabilities. Hence when hire purchase outstandings rise, say from zero, consumption rises. This higher level of consumption expenditure will only be maintained so long as hire purchase outstandings continue to rise by the same annual amount. But outstandings will not continue to rise if personal disposable income is fixed, because a rise in outstandings necessitates a rise in hire purchase repayments and there is a limit to the ratio of repayments to income which people are prepared to undertake. Hence at some point consumption falls.In essence this argument is that the average propensity to consume rises when hire purchase is introduced and falls subsequently. This proposition remains substantially true if personal disposable income is not fixed but is rising. Thus if national income is rising at a constant rate because of a rise in the work force, hire purchase outstandings will initially grow at a more rapid rate than national income in order to reach the acceptable repayments/income ratio for the existing population. Subsequently hire purchase outstandings must grow less rapidly at a rate equal to national income. This fall m the rate of growth of outstandings involves a lower average propensity to consume.Finally, if national income falls in a recession it seems likely that hire purchase outstandings not merely do not rise but may fall sharply as the disemployed and people on short time seek to pay off their hire purchase contracts without entering into new contracts. This will cause the average propensity to consume to fall further. In the subsequent boom this process may be reversed.The first two paragraphs of this summary suggest a once‐for‐all fluctuation in the average propensity to consume. The third paragraph suggests that the fluctuation may be perpetuated in a steady (or unsteady) cy
ISSN:0013-0249
DOI:10.1111/j.1475-4932.1961.tb01406.x
出版商:Blackwell Publishing Ltd
年代:1961
数据来源: WILEY
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9. |
AN EXPERIMENTAL APPROACH TO THE THEORY OF THE FIRM |
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Economic Record,
Volume 37,
Issue 80,
1961,
Page 503-508
N. F. Dutty,
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ISSN:0013-0249
DOI:10.1111/j.1475-4932.1961.tb01407.x
出版商:Blackwell Publishing Ltd
年代:1961
数据来源: WILEY
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10. |
EXCHANGE RESTRICTIONS AND THE I.M.F. |
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Economic Record,
Volume 37,
Issue 80,
1961,
Page 509-512
G. D. McColl,
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ISSN:0013-0249
DOI:10.1111/j.1475-4932.1961.tb01408.x
出版商:Blackwell Publishing Ltd
年代:1961
数据来源: WILEY
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