ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1986.tb00877.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

This paper has two goals. The first goal is to examine the degree of substitutability between various bank and non‐bank assets and a reference asset using A ustralian quarterly data for the sample period 1969(4)‐1983(2). Particular attention is directed towards quantifying the degree of liquidity of financial innovations introduced recently into the A ustralian financial sector. The second goal is to construct a weighted monetary aggregate series derived. explicitly from microeconomic consumer demand theory. While both the bank innovations and building society deposits are close substitutes for currency, the aggregation restrictions implicit in the Australian monetary aggregates beyond Ml are viola

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1986.tb00878.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

A general equilibrium model with production and trade is used to analyze whether indexation schemes are affordable.

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1986.tb00879.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

This note considers the conditions under which asset demand equations arising out of mean‐variance portfolio allocation models have symmetric interest rate effects. If these conditions are satisfied, it is also valid to write the asset demand equations as functions of interest rate differentials rather than interest rate levels.The necessary condition for symmetry is that the ‘expected return effect’ be equal to zero. This will not always be the case and therefore symmetry of interest rate effects is an hypothesis which should be tested rather than a restriction which can be imposed on estimated asset demand equations. Statistical tests of this restriction often lead to its reje

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1986.tb00880.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

This paper estimates a set of market share equations for new passenger cars in New Zealand over the period 1963 to 1978. These equations are then used to determine the effects on market shares of the fuel price increases and tax rate changes that occurred in the 1970s. The results indicate that the fuel price increases had a major impact on market shares, but that the tax changes probably did not.

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1986.tb00881.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

The industrialization and growth of East Asian countries has shifted the centre of world trade and economic activity towards the Pacific. There has already been a huge redirection of Australia's trade and external economic interests towards the region, based importantly on the emergence of Japan as a major economic power. Australia's future economic prospects will be significantly determined by how it manages its trade policy interests in the context of continuing East Asian industrialization. The most promising Australian trade policy approach is one which allies Australia's trading interests to those of East Asian countries in seeking to maintain an open non‐discriminatory trade regime, supportive of the transformation of trade specialization necessary to the industrialization of resource‐deficient countries, and which marries that objective to the liberalization of her own and Pacific country mark

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1986.tb00882.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

Utilizing information in the 1933 census we estimate several measures of individual and household income inequality for that year. Allowance is made for the effect of the Depression on the 1933 income distribution, revealing a clearly adverse impact. Comparisons with recent years indicate marked declines in aggregate income inequality.

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1986.tb00883.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

摘要:

Analysis of data from a 1983 Manpower Programs Survey shows that the relatively high unemployment rates experienced by overseas‐born labour market entrants are reasonably widespread across immigrant groups. One exception is refugees, who are more likely to be unemployed than non‐refugees. Consistent with prior research, additional years of education are associated with only modest reductions in the unemployment rates of immigrants. However, immigrants are able to reduce their predicted unemployment rates considerably by obtaining information on Australian job opportunities prior to migrat

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1986.tb00884.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1986.tb00885.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1986.tb00886.x

出版商:Blackwell Publishing Ltd    

年代:1986

数据来源: WILEY