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Biased Technological Progress and Labor Force Growth in a Dualistic Economy

Allen C. Kelley; Jeffrey G. Williamson; Russell J. Cheetham
Quarterly Journal of Economics 1972 86(3), 426 open access
Introduction, 426. — I. The structure of the dual economy, 427. — II. Labor force growth and biased technological progress: comparative statics, 432. — III. Labor force growth and biased technological progress: dynamics, 435. — IV. A numerical experiment, 436. — V. Conclusion, 443. —Appendix A, 445. — Appendix B, 447.

On the Optimality of the Stock Market Allocation of Investment

J. E. Stiglitz
Quarterly Journal of Economics 1972 86(1), 25 open access
I. Introduction, 25.--II. The basic model, 27.--III. Determination of the level of investment in a mean variance model, 32.--IV. Choice of technique, 47.--V. Remarks on alternative models of market equilibrium, 52.--VI. Concluding remarks, 55.--Appendix, 57.