Journal Article Automatic Stabilization and the British Taxes on Income Get access P. H. Pearse P. H. Pearse Edinburgh Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 29, Issue 2, February 1962, Pages 124–139, https://doi.org/10.2307/2295818 Published: 01 February 1962

In this paper, a 14-equation model of the United States potato industry is presented. Four of the equations contain endogenous variables lagged one time period. The solution to this system of first-order difference equations is presented to determine the system's stability. The stochastic stability is then investigated by obtaining estimates of the limiting variance-covariance matrix of endogenous variables. This matrix shows the cumulated effect of historical random shocks. This is followed by a similar study of the effect of erratic variation in exogenous variables. Next is a comparative static analysis, comparing actual values of variables with their stationary state values. The impact of the price support program on the industry is analyzed. Impact and stationary state multipliers are computed and short and long run effects of structural changes are evaluated. RELATIVELY LARGE fluctuations of prices and quantities have characterized the United States potato industry during the last three decades. These fluctuations have had a profound effect on growers' income, regional allocation of production, and the economic efficiency of the industry in general.2 The quantitative analysis of the stability properties of the United States potato industry and its stationary states under changing environmental conditions constitute the main objectives of the present study. In addition, the analysis is so designed as to focus on certain questions pertaining to the particular position maintained by California potato growers in the United States market. The method of analysis consists in formulating an econometric model of the United States potato market. Then, having estimated the parameters of the economic structure, a detailed analysis of the static and dynamic properties of the system is undertaken. The comparative static analysis seeks to evaluate equilibrium values of the endogenous variables both in the short and in the long run and to determine quantitatively the effects of conceivable variation in exogenous variables and certain parameters of the structural relations on these values.

Alfred P. Thorne, Sector Income Accounting and Analysis for Latin American and Caribbean Economies--More Appropriate Equations, The Review of Economics and Statistics, Vol. 44, No. 4 (Nov., 1962), pp. 466-472

James P. Quirk, Rubin Saposnik; Admissibility and Measurable Utility Functions*, The Review of Economic Studies, Volume 29, Issue 2, 1 February 1962, Pages

Journal Article The Business Propensity to Save Get access P. E. Hart P. E. Hart Bristol Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 29, Issue 2, February 1962, Pages 147–150, https://doi.org/10.2307/2295820 Published: 01 February 1962

Reviews the book "Accounting Principles," 8th ed., by Howard S. Noble and Rollin Niswonger.

Abstract This article focuses on the current trends in accounting theory. Two such movements seem to be apparent at the present time. One of these is the trend toward a closer relationship between accounting income and economic income; the other, a trend toward less reliance upon income tax regulation in the formulation of accounting theory. These two items are listed as trends, not as accomplished facts. With this in mind, this article may briefly examine some evidence of the existence of the trends. One current trend is the resurgence of the balance sheet. Partly as a result of the rush to LIFO, the income statement has been given primary emphasis in most areas of accounting during the past twenty years. The assertion that the measurement of income is the important task of accounting, and the balance sheet is nothing more than a receptacle for carrying forward amounts to be shown on future income statements, has been heard from many quarters. On the other hand, those who are concerned about the effects of inflation on depreciation have objected that the balance sheet does not show the proper amount to be carried forward to future years. Both groups then, deplored the balance sheet, although for different reasons.