This paper analyzes the relationship between GNP per capita and energy consumption per capita for 43 market economies during the years 1978, 1979, and 1980. Several functional forms are analyzed. Specification tests establish that a double logarithmic equation is preferable to all others....

This paper demonstrates that models which combine the physical reserves of oil with economic and regulatory variables provide better forecasts of future production than models based on either reserves or economic variables alone. Four alternative models are specified and estimated. Out-of-sample...

This paper develops a long-run version of the quantity theory of money growth, real GDP growth, and inflation. Inflation rates, averaged for the years 1980–1993, are computed for 81 countries. These cross-section inflation rates are explained almost entirely by average M2 growth rates. In...

Focuses on the theories of monopoly power the relative share of labor. Relationship between monopoly power and relative shares; Tests conducted on monopoly-labor share hypothesis; Sample statistics and variables. (Abstract copyright EBSCO.)