This paper examines the nature of the productivity slowdown in the 1970s in the U.K. manufacturing industry by using a disaggregated industrial analysis. The extent of the slowdown in a particular industry is related to the capital and energy intensity of the industry and also to the previous...

A statistical study by R. Jackman and S. Roper (1987) concluded, in contradic tion of much circumstantial evidence, that current high levels of une mployment in the United Kingdom and other European countries are not due to structural mismatches in the labor market. This conclusion has been...

In this note, the authors apply to Colombia the method used in a recent paper by J. B. Knight a nd R. Sabot (1983) to measure the influence of educational expansion on the inequality of pay in East Africa. Their analysis was conducted within a framework first suggested by S. Kuznets (1955) and...

The dangers of incorrectly imposing common-factor restrictions through the use o f the Cochrane-Orcutt transformation are illustrated using J. Carmich ael and P. Stebbing's (1983) analysis of the inverted Fisher hypothes is. Empirical evidence that the nominal rate of interest is unrelated to...

In this paper, the authors argue that survey data on exchange-rate expectations is especially useful fo r testing whether the forward market for foreign exchange is efficien t, since it obviates the need to impose a joint hypothesis on a stand ard efficiency equation. They utilize such data for...

This paper reexamines C. R. Winegarden's (1984) findings regarding the demographic implications of economic growth, redistribution of incomes, and family planning. His estimates are found to be highly sensitive to minor changes in the classification of countries with respect to family-planning...

The operating results of the collieries comprising the U.K. coal industry are analyzed for the year after the 1984-85 miners' strike. Productivity increased rapidly, mainly due to higher productivity in the continuing coal mines. Closures played a relatively small role, and were only partially...