THE MARKET AS AN EXPERIMENT: PROBLEMS OF DATA GENERATION

Research Methods/ Statistical Methods,

MONETARY INSTABILITY AND ECONOMIC GROWTH

Favorable conditions existed for world economic growth during the 1980s and early 1990s. Yet real GDP growth rates for 76 out of 87 countries included in this study decreased during this time, relative to the 1968-80 period. The middle income countries experienced the greatest decline in growth rates, followed by the low income group. Theory and evidence suggest that an increase in the instability of the growth rate of the money supply, largest in the middle income countries and next largest in the low income nations, contributed to this decline.Financial Economics, International Development,

SOURCES OF DIFFERENCES IN RATES OF RETURN TO AGRICULTURAL RESEARCH BETWEEN COUNTRIES: SOME GENERAL OBSERVATIONS

Research and Development/Tech Change/Emerging Technologies,

PUBLICATION PRODUCTIVITIES OF U.S. ECONOMICS DEPARTMENT GRADUATES

Teaching/Communication/Extension/Profession,

PUBLIC SUPPORT OF EXPERIMENT STATIONS

Demand functions for teaching, research and extension (TRE) personnel in seven administrative units of U.S. agricultural experiment stations are estimated from panel data, decennial observations, 1950 to 1987. The results reveal that the demand for the services of TRE personnel has not declined in the 1980s, given the demographic and economic conditions of the times. Moreover, there is no evidence to suggest that the long run demand elasticities have declined during the post-World War II period in spite of economic growth. From these results one might conclude that the demand for the services produced by experiment stations will continue to increase as the real value of agricultural production, population, and real per capita income increase. However, substantial variation exists among states in their propensity to support their experiment stations and the various administrative units within the stations.Research and Development/Tech Change/Emerging Technologies, Teaching/Communication/Extension/Profession,