Paul R. Gregory, John M. Campbell, Benjamin S. Cheng, A Simultaneous Equation Model of Birth Rates in the United States, The Review of Economics and Statistics, Vol. 54, No. 4 (Nov., 1972), pp. 374-380

Finally, for completeness we should note that later work (Harvard Discussion Paper No. 234, 1971) has shown that when investors' risk-aversions are functionally related to their ending wealth, the investor's personal equilibrium depends upon a combination of his risk-aversion and its first derivative, but the market price of risk aggregates the investor's more complex marginal rates of substitution of return and risk in exactly the same way as it aggregates investors risk-aversions per se in simple situations. iMoreover, all the statements made above on the basis of aggregations of risk-aversions are shown to be valid in the more complex analysis.

This article presents information on the undergraduate auditing course at Indiana University. One of the departures is in the computer work, which is included. The School of Business has instituted a new required computer course for sophomores, but the problem orientation of the experience is likely to remain predominant In the auditing course. In an effort to make the computer lecture material meaningful to the students, a data processing computer problem was developed and used this past semester. The computer problem is used as an aid in teaching data processing controls, test decks and flowcharting. The problem employs a payroll processing routine to illustrate the various types of controls. The payroll example was selected because most of the students are familiar with computerized payroll checks and the program offers the student personalized feedback in the form of a simulated paycheck. The feedback feature encourages the students to try to "beat the system," and in so doing explore the controls built into the program.

This paper attempts an international comparison of production structures, using the input-output framework. An earlier study in this field has shown that the production structures of advanced countries such as Italy, Japan, Norway, and the United States are similar, in spite of the wide differences in their levels of per capita income. This paper extends the analysis to a comparison of the production structure of India, a developing country with a very low per capita income, with those of the above developed countries. The result shows that in spite of the differences in the levels of development and per capita incomes, the similarity is preserved. THE PURPOSE of this study is to find out whether the structure of production of India is in any way comparable to those of Italy, Japan, Norway, and the United States. Looking at the present stage of India's development, low per capita income, and the overwhelming importance of the agricultural sector, the general impression would be that the production structure of India is unlikely to be in any way similar to the production structures of industrially developed countries. It might, therefore, be suggested that any attempt to compare the structure of production in India with that of a relatively more developed country like the United States or Italy would yield poor results. The results of a pioneering study by Chenery and Watanabe [1], however, indicated that there could be similarities in production and use of intermediate products among such countries as Italy (1950), Japan (1951), Norway (1950), and the United States (1947), though there were wide differences among these countries with respect to their resource endowments, per capita income, and the level of dependence on foreign trade. In a recent study [3] Simpson and Tsukui, while pointing out similarities in the structure of production of Japan and the United States, reported what appeared to them to be an important empirical regularity, the existence of a fundamental structure of production. The present study provides some further evidence that irrespective of differences in resource endowments and the level of economic development similarities in the production structures of different countries appear to exist. It would be of some interest to note here briefly the basic forces that tend to create similarities or dissimilarities in the national structure of production before