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1.
The present paper analyses citations in the work of a large number of PhD students. We show that the pattern of citations of journal articles, books and other reference material differs substantially across areas within economics. An investigation of reciprocal citations reveals a surprisingly low degree of communication among the Group of Eight universities and a high propensity to cite authors from the same institution, especially supervisors. We also analyse the Australian share of cited works, and identify journals, articles and authors that PhD students value highly. 相似文献
2.
We consider whether oil prices can account for business cycle asymmetries. We test for asymmetries based on the Markov switching
autoregressive model popularized by Hamilton (1989), using the tests devised by Clements and Krolzig (2000). We find evidence
against the conventional wisdom that recessions are more violent than expansions: while some part of the downturn in economic
activity that characterises recessionary periods can be attributed to dramatic changes in the price of oil, post-War US economic
growth is characterized by the steepness of expansions.
First Version Received: December 2000/Final Version Received: September 2001 相似文献
3.
This article provides a guide to economic information on Australian resource projects. Three sources are described in some detail and their differences, strengths and weaknesses are discussed. As the data are under‐researched, some examples of how they can be used in economic analysis are mentioned. 相似文献
4.
The stochastic approach to index numbers has been successfully applied to the estimation of inflation, the world interest rate and international competitiveness.?One distinct advantage of this approach is that it provides the whole distribution of the index, not simply one value. In this article, we extend the stochastic approach to the estimation of a stock market index. We demonstrate how this approach can be used to identify ‘redundant stocks’ that do not contribute significantly to the overall index.?For index tracking purposes, these stocks can be safely excluded. 相似文献
5.
6.
Working's (1943) model is shown to imply conditional Engel curves of the Working form when the income elasticity of demand for the group of goods as a whole is about unity. 相似文献
7.
Kenneth W. Clements 《The Australian journal of agricultural and resource economics》2004,48(2):271-300
Australians are among the largest consumers of marijuana in the world, and estimates show that their expenditure on marijuana is approximately twice that on wine. In the present paper, the evolution of Australian marijuana prices over the last decade is analysed, and a decline in real terms by almost 40 per cent is shown. This decline is far above that experienced by most agricultural products. Why has this occurred and what are the implications? One possible reason is the adoption of hydroponic growing techniques that have enhanced productivity and lowered costs and prices. Another reason is that laws have become softer and penalties reduced. Patterns in prices are found that divide the country into three broad regions: (i) Sydney, where prices are highest; (ii) Melbourne and Canberra, which have somewhat lower prices; and (iii) everywhere else, where marijuana is cheapest. An exploratory analysis indicates the extent to which the price declines have stimulated marijuana consumption and inhibited the consumption of a substitute product, alcohol. 相似文献
8.
We compare a number of models of post War US output growth in terms of the degree and pattern of non-linearity they impart
to the conditional mean, where we condition on either the previous period's growth rate, or the previous two periods' growth
rates. The conditional means are estimated non-parametrically using a nearest-neighbour technique on data simulated from the
models. In this way, we condense the complex, dynamic, responses that may be present in to graphical displays of the implied
conditional mean.
First version received: Feb. 1999/Final version received: June 2001 相似文献
9.
Kenneth W. Clements 《Economics Letters》1982,9(1):95-98
The general equilibrium effects of a small tariff on relative prices are analysed within a demand and supply model which provides further insights into Dornbusch's (1974) results. It is shown that the elasticity of the price of non-traded goods with respect to the tariff is a weighted average of the degree of substitutability between non-traded goods and importables on the supply side and that on the demand side. When complementarity is ruled out, the price of non-traded goods increases with the tariff, but less than proportionally. 相似文献
10.
This paper uses expenditure survey data to analyse disparities in income elasticities of demand by ethnic origin. Engel curve estimates indicate that the food elasticity varies with ethnic origin, while the others are quite similar. With data on five food commodities, the income elasticities display considerable disparities. 相似文献