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The Political Economy of Import-Substituting Industrialization in Latin America

Quarterly Journal of Economics 1968 82(1), 1
Introduction: Disenchantment with industrialization in Latin America, 1. — I. Four impulses of import-substituting industrialization (ISI), 4. — II. Characteristics of the initial phase of ISI: industrialization by tightly separated stages, 6; "late" vs. "late late" industrialization, 8; the sources of entrepreneurship, 9; the exuberant phase of ISI and its political consequences, 11. — III. The alleged exhaustion of ISI, 13; a naive and a semi-naive exhaustion model, 13; criticism of the semi-naive model: the importance of policy, 14. — IV. Economic, political and technological determinants of backward linkage, 17. — V. The inability to export manufactures: "structural" causes and remedies, 24. — Conclusion, 31.

Saving and Uncertainty: The Precautionary Demand for Saving

Quarterly Journal of Economics 1968 82(3), 465
I. Introduction, 465. — II. A two period model of consumption, 466. — III. The effect of uncertainty on saving, 467. — IV. Decreasing risk aversion and precautionary saving, 468. — V. Speculations on the consumption function, 470. — VI. Conclusion, 472.

The Cost of Transacting

Quarterly Journal of Economics 1968 82(1), 33
Introduction, 33. — The definition and measurement of transaction cost on the New York stock exchange, 35. — The determination of the ask-bid spread, 40. — The determination of the transaction rate, 45. — Statistical results, 46. — Summary and comments, 50. — Appendix I, 52. — Appendix II, 53.

Housing Segregation, Negro Employment, and Metropolitan Decentralization

Quarterly Journal of Economics 1968 82(2), 175
I. Negro residential segregation, 176. — II. Segregation in Detroit and Chicago, 178. — III. The distribution of negro employment, 179. — IV. Negro employment by occupation and industry, 183. — V. The level of nonwhite employment, 189. — VI. Suburbanization and negro employment, 191. — VII. Postwar dispersal of employment and population in Chicago, 192. — VIII. Conclusions, 196.