199
Views
1
CrossRef citations to date
0
Altmetric
Original Articles

The Development of Econometrics in Australia: 1930–2000

Pages 25-45 | Received 03 Dec 2019, Accepted 24 Jan 2020, Published online: 18 Mar 2020

References

  • Aitken, C., and D. Finney. 2010. ‘Peter Fisk, 1929–2009.’ Journal of the Royal Statistical Society Series A (Statistics in Society) 173 (2): 458–460.
  • Anderson, K., R. Lindner, and A. Watson. 2017. ‘Frank G. Jarrett (1923–2016).’ Australian Journal of Agricultural and Resource Economics 61 (1): 189–191. doi:10.1111/1467-8489.12200.
  • Anderson, K., and B. O’Neill. 2002. The Building of Economics at Adelaide 1901–2001. Adelaide: University of Adelaide Press.
  • Arndt, H., and B. Cameron. 1957. ‘An Australian Consumption Function.’ Economic Record 33 (64): 108–115. doi:10.1111/j.1475-4932.1957.tb01280.x.
  • Baltagi, B. H. 2003. ‘Worldwide Institutional and Individual Rankings in Econometrics over the Period 1989–1999: An Update.’ Econometric Theory 19 (1): 165–224. doi:10.1017/S0266466603191074.
  • Battese, G., and T. Coelli. 1988. ‘Prediction of Firm-Level Technical Efficiencies with a Generalised Frontier Production Function and Panel Data.’ Journal of Econometrics 38 (3): 387–399. doi:10.1016/0304-4076(88)90053-X.
  • Bergstrom, A., and C. Wymer. 1976. ‘A Model of Disequilibrium Neoclassical Growth and Its Application to the United Kingdom.’ In Statistical Inference in Continuous-Time Economic Models, edited by A. Bergstrom, 267–329. Amsterdam: North-Holland.
  • Bowden, R. 1978. The Econometrics of Disequilibrium. Amsterdam: North-Holland.
  • Bowden, R., and D. Turkington. 1984. Instrumental Variables. Cambridge: Cambridge University Press.
  • Brain, P. 1986. The Microeconomic Structure of the Australian Economy. Melbourne: Longman Cheshire.
  • Breusch, T. 1978. ‘Testing for Autocorrelation in Dynamic Linear Models.’ Australian Economic Papers 17 (31): 334–355. doi:10.1111/j.1467-8454.1978.tb00635.x.
  • Breusch, T., and A. Pagan. 1979. ‘A Simple Test for Heteroskedasticity and Random Coefficient Variation.’ Econometrica 47 (5): 1287–1294. doi:10.2307/1911963.
  • Breusch, T., and A. Pagan. 1980. ‘The Lagrange Multiplier Test and Its Applications to Model Specification in Econometrics.’ The Review of Economic Studies 47 (1): 239–253. doi:10.2307/2297111.
  • Brown, A., and A. Deaton. 1972. ‘Surveys in Applied Economics: Models of Consumer Behaviour.’ The Economic Journal 82 (328): 1145–1236. doi:10.2307/2231303.
  • Byron, R. 1970a. ‘A Simple Method for Estimating Demand Systems under Separable Utility Assumptions.’ The Review of Economic Studies 37 (2): 261–274. doi:10.2307/2296418.
  • Byron, R. 1970b. ‘The Restricted Aitken Estimation of Sets of Demand Relations.’ Econometrica 38 (6): 816–830. doi:10.2307/1909694.
  • Cameron, A. C., and P. Trivedi. 1998. Regression Analysis of Count Data. 2nd ed. Cambridge: Cambridge University Press.
  • Cameron, A. C., P. Trivedi, F. Milne, and J. Piggott. 1988. ‘A Microeconometric Model of the Demand for Health Care and Health Insurance in Australia.’ The Review of Economic Studies 55 (1): 85–106. doi:10.2307/2297531.
  • Carter, C., and R. Kohn. 1994. ‘On Gibbs Sampling for State-Space Models.’ Biometrika 81 (3): 541–553. doi:10.1093/biomet/81.3.541.
  • Challen, D., and A. Hagger. 1979. Modelling the Australian Economy. Melbourne: Longman Cheshire.
  • Clark, C. 1949. ‘A System of Equations Explaining the United States Trade Cycle, 1921 to 1941.’ Econometrica 17 (2): 93–124. doi:10.2307/1905688.
  • Cochrane, D. 1949. ‘Measurement of Economic Relationships.’ Economic Record 25 (2): 7–23. doi:10.1111/j.1475-4932.1949.tb02090.x.
  • De Marchi, N., and C. Gilbert. 1989. ‘Introduction. History and Methodology of Econometrics.’ Oxford Economic Papers 41 (1): 1–11.
  • Dirkmaat, J. 2001. ‘Some Publishing Facts, Figures, and Observations on the Occasion of Volume 100, Number 1 of the Journal of Econometrics.’ Journal of Econometrics 100 (1): 99–112. doi:10.1016/S0304-4076(00)00070-1.
  • Dixon, P., B. Parmenter, J. Sutton, and D. Vincent. 1982. ORANI: A Multisectoral Model of the Australian Economy. Amsterdam: North-Holland.
  • Dixon, P., and M. Rimmer. 2002. Dynamic General Equilibrium Modelling for Forecasting and Policy: A Practical Guide and Documentation of MONASH. Contributions to Economic Analysis 256. Amsterdam: North-Holland.
  • Duloy, J., and A. Woodland. 1967. ‘Drought and the Multiplier.’ Australian Journal of Agricultural Economics 11 (1): 82–86. doi:10.1111/j.1467-8489.1967.tb00029.x.
  • Erreygers, G. 2019. ‘On the Origins of Econometrics in Australia: The Contributions of Maurice Belz and Robert James.’ Paper presented at the History of Economic Thought Society of Australia Conference, Sydney, October 2019.
  • Evans, H. D. 1972. A General Equilibrium Analysis of Protection: The Effects of Protection in Australia. Amsterdam: North-Holland.
  • Fahrer, J., R. Rankin, and R. Taylor. 1984. ‘The Equations of the RBA82 Model of the Australian Economy.’ Reserve Bank of Australia Research Discussion Paper 8401.
  • Fisher, G., and M. McAleer. 1981. ‘Alternative Procedures and Associated Tests of Significance for Non-Nested Hypotheses.’ Journal of Econometrics 16 (1): 103–119. doi:10.1016/0304-4076(81)90078-6.
  • Fisk, P. 1966. ‘The Estimation of Marginal Product from a Cobb-Douglas Production Function.’ Econometrica 34 (1): 162–172. doi:10.2307/1909860.
  • FitzGerald, V. 1991. ‘Chris Higgins’s Early Career – the Establishment of Economic Modelling in the Australian Treasury.’ Economic Record 67 (3): 257–260. doi:10.1111/j.1475-4932.1991.tb02552.x.
  • Frisch, R. 1936. ‘Note on the Term “Econometrics”.’ Econometrica 4 (1): 95. doi:10.2307/1907124.
  • Gao, J., and B. Inder. 2019. ‘The ET Interview: Professor Max King.’ Econometric Theory 35 (1): 1–36. doi:10.1017/S0266466618000130.
  • Gilbert, C. 1991. ‘Richard Stone, Demand Theory and the Emergence of Modern Econometrics.’ The Economic Journal 101 (405): 288–302. doi:10.2307/2233819.
  • Groenewegen, P. 2009. Educating for Business, Public Service and the Social Sciences: A History of the Faculty of Economics at the University of Sydney. Sydney: Sydney University Press.
  • Haavelmo, T. 1944. ‘The Probability Approach to Econometrics.’ Econometrica 12: 1–118.
  • Hagger, A. 2004. Economics at the University of Tasmania: The First One Hundred Years. Hobart: University of Tasmania.
  • Hall, A. 1987. ‘Worldwide Rankings of Research Activity in Econometrics; 1980–1985.’ Econometric Theory 3 (2): 171–194. doi:10.1017/S0266466600010288.
  • Hannan, E. 1957. ‘Some Recent Advances in Statistics.’ Economic Record 33 (66): 337–352. doi:10.1111/j.1475-4932.1957.tb01303.x.
  • Harper, M. 2009. ‘Economics before the Department: 1855–1944.’ In Balanced Growth, edited by R. Williams, 25–51. North Melbourne: Australian Scholarly Publishing.
  • Hendry, D., and M. Morgan, eds. 1995. The Foundations of Econometric Analysis. Cambridge: Cambridge University Press.
  • Hendry, D., and R. Williams. 2000. ‘Distinguished Fellow of the Economic Society of Australia, 1999: Adrian R. Pagan.’ Economic Record 76 (233): 113–115. doi:10.1111/j.1475-4932.2000.tb00010.x.
  • Higgins, C., and V. FitzGerald. 1973. ‘An Econometric Model of the Australian Economy.’ Journal of Econometrics 1 (3): 229–265. doi:10.1016/0304-4076(73)90009-2.
  • Hirsch, B., R. Austin, J. Brook, and J. Moore. 1984. ‘Economics Departmental Rankings: Comment.’ American Economic Review 74 (4): 822–826.
  • Ironmonger, D. 1972. New Commodities and Consumer Behaviour. Cambridge: Cambridge University Press.
  • James, R., and M. Belz. 1936. ‘On a Mixed Difference and Differential Equation.’ Econometrica 4 (2): 157–160. doi:10.2307/1905247.
  • James, R., and M. Belz. 1938a. ‘The Influence of Distributed Lags on Kalecki’s Theory of the Trade Cycle.’ Econometrica 6 (2): 159–162. doi:10.2307/1907147.
  • James, R., and M. Belz. 1938b. ‘The Significance of the Characteristic Solutions of Mixed Difference and Differential Equations.’ Econometrica 6 (4): 326–343. doi:10.2307/1905410.
  • Jarque, C., and A. Bera. 1980. ‘Efficient Tests for Normality, Homoscedasticity and Serial Independence of Regression Residuals.’ Economics Letters 6 (3): 255–259. doi:10.1016/0165-1765(80)90024-5.
  • Jonson, P., E. Moses, and C. Wymer. 1977. ‘The RBA76 Model of the Australian Economy.’ In Conference in Applied Economic Research, 9–36. Sydney: Reserve Bank of Australia.
  • Kakwani, N. 1977. ‘Measurement of Tax Progressivity: An International Comparison.’ The Economic Journal 87 (345): 71–80. doi:10.2307/2231833.
  • Kakwani, N., and N. Podder. 1976. ‘Efficient Estimation of the Lorenz Curve and Associated Inequality Measures from Grouped Observations.’ Econometrica 44 (1): 137–148. doi:10.2307/1911387.
  • Kmenta, J. 1967. ‘An Econometric Model of Australia.’ Australian Economic Papers 5: 131–164. doi:10.1111/j.1467-8454.1967.tb00777.x.
  • Leser, C. 1958. ‘The Pattern of Australian Demand.’ Economic Record 34 (68): 212–222. doi:10.1111/j.1475-4932.1958.tb01329.x.
  • Leser, C. 1960. ‘Demand Functions for Nine Commodity Groups in Australia.’ Australian Journal of Statistics 2 (3): 102–113. doi:10.1111/j.1467-842X.1960.tb00052.x.
  • Leser, C. 1961. ‘Commodity Group Expenditure Functions for the United Kingdom, 1948–1957.’ Econometrica 29 (1): 24–32. doi:10.2307/1907684.
  • Leser, C. 1963. ‘Forms of Engel Functions.’ Econometrica 31 (4): 694–703. doi:10.2307/1909167.
  • Lluch, C., A. Powell, and R. Williams. 1977. Patterns in Household Demand and Saving. New York: Oxford University Press for the World Bank.
  • Lodewijks, J. 2005. ‘The ET Interview: Professor Jan Kmenta.’ Econometric Theory 21 (3): 621–645. doi:10.1017/S0266466605050346.
  • Marschak, J. 1934. ‘The Meetings of the Econometric Society in Leyden, September–October 1933.’ Econometrica 2 (2): 187–203.
  • McDonald, J., and G. Snooks. 1985. ‘Statistical Analysis of Domesday Book (1086).’ Journal of the Royal Statistical Society Series A (General) 148 (2): 147–160. doi:10.2307/2981946.
  • McKibbin, W. 1988. ‘Policy Analysis with the MSG2 Model.’ Australian Economic Papers 27 (S1): 126–150. doi:10.1111/j.1467-8454.1988.tb00699.x.
  • McKibbin, W., and J. Sachs. 1991. Global Linkages: Macroeconomic Interdependence and Co-operation in the World Economy. Washington DC: Brookings Institution.
  • McKibbin, W., and P. Wilcoxen. 1999. ‘The Theoretical and Empirical Structure of the G-Cubed Model.’ Economic Modelling 16 (1): 123–148. doi:10.1016/S0264-9993(98)00035-2.
  • McLure, M. 2011. ‘Thirty Years of Economics: UWA and the WA Branch of the Economic Society from 1963 to 1992.’ History of Economics Review 54 (1): 70–91. doi:10.1080/18386318.2011.11682182.
  • Milbourne, R. 2001. ‘Distinguished Fellow of the Economic Society of Australia, 2000: John Warwick Nevile.’ Economic Record 77 (238): 225–227. doi:10.1111/1475-4932.00018.
  • Millmow, A. 2015. ‘Australian Economists at Cambridge during the 1930s.’ History of Economics Review 61 (1): 44–56. doi:10.1080/18386318.2015.11681273.
  • Millmow, A. 2017. A History of Australasian Economic Thought. London: Routledge.
  • Morgan, M. 1990. The History of Econometric Ideas. Cambridge: Cambridge University Press.
  • Musgrave, W., R. Stayner, R. Piggott, and A. Watson. 2014. ‘Obituary: Jack Neville Lewis.’ Australian Journal of Agricultural and Resource Economics 58 (4): 644–649. doi:10.1111/1467-8489.12089.
  • Nevile, J. 1958. ‘Professor Hicks’ Theory of Investment and Post-War Investment Figures in Australia and the United States.’ Economic Record 34 (68): 249–253.
  • Nevile, J. 1962. ‘A Simple Econometric Model of the Australian Economy.’ Australian Economic Papers 1 (1): 79–94. doi:10.1111/j.1467-8454.1962.tb00740.x.
  • Norton, W. 1969. ‘Debt Management and Monetary Policy in the UK.’ The Economic Journal 79 (315): 475–494. doi:10.2307/2230377.
  • Norton, W., and J. Henderson. 1973. ‘The Structure of a Model of the Australian Economy.’ In Econometric Studies of Macro and Monetary Relations, edited by A. Powell and R. Williams, 49–83. Amsterdam: North-Holland.
  • Pagan, A. 1984. ‘Econometric Issues in the Analysis of Regressions with Generated Regressors.’ International Economic Review 25 (1): 221–247. doi:10.2307/2648877.
  • Pagan, A. 1987. ‘Three Econometric Methodologies: A Critical Appraisal.’ Journal of Economic Surveys 1 (1–2): 3–24. doi:10.1111/j.1467-6419.1987.tb00022.x.
  • Pagan, A. 2019. ‘Australian Macro-econometric Models and Their Construction – A Short History.’ CAMA Working Paper 50/2019, Australian National University.
  • Powell, A. 1966. ‘A Complete System of Consumer Demand for the Australian Economy Fitted by a Model of Additive Preferences.’ Econometrica 34 (3): 661–675. doi:10.2307/1909775.
  • Powell, A., and F. Gruen. 1968. ‘The Constant Elasticity of Transformation Production Frontier and Linear Supply System.’ International Economic Review 9 (3): 315–328. doi:10.2307/2556228.
  • Powell, A., and R. Williams. 1973. Econometric Studies of Macro and Monetary Relations. Amsterdam: North-Holland.
  • Prest, W. 1978. ‘Muriel Jean Polglaze.’ Economic Record 54 (3): 406–408. doi:10.1111/j.1475-4932.1978.tb01644.x.
  • Qin, D. 2013. A History of Econometrics: The Reformation from the 1970s. Oxford: Oxford University Press.
  • Robinson, P. 1994. ‘Edward J Hannan, 1921–1994.’ Journal of Time Series Analysis 15 (6): 563–576. doi:10.1111/j.1467-9892.1994.tb00212.x.
  • Roos, C. 1933. ‘The Organisation of the Econometric Society in Cleveland, Ohio, December, 1930.’ Econometrica 1 (1): 71.
  • Rutherford, R. S. 1955. ‘Income Distribution: A New Model.’ Econometrica 23 (3): 277–297. doi:10.2307/1910384.
  • Sawkins, D. 1934. ‘Factors of the Flow of Money and Their Variance.’ Economic Record 9 (1–2): 1–9. doi:10.1111/j.1475-4932.1934.tb02726.x.
  • Skeels, C. 2016. ‘The ET Interview: Adrian Pagan.’ Econometric Theory 32 (5): 1055–1094. doi:10.1017/S0266466615000201.
  • Smyth, D. 1962. ‘Investment, Growth and the Trade Cycle: The Post-War Australian Experience.’ Economic Record 38 (82): 226–245. doi:10.1111/j.1475-4932.1962.tb02598.x.
  • Swan, T. 1989. ‘The Principle of Effective Demand – A “Real Life” Model.’ Economic Record 65 (4): 378–398. doi:10.1111/j.1475-4932.1989.tb00690.x.
  • Vincent, D., P. Dixon, and A. Powell. 1980. ‘The Estimation of Supply Response in Australian Agriculture: The Cresh/Creth Production System.’ International Economic Review 21 (1): 221–242. doi:10.2307/2526250.
  • Walker, R. 1936. ‘Mathematics and Wages Policy.’ Economic Record 11: 99–101.
  • Wells, G. 2011. ‘Quiet Alf.’ Agenda – A Journal of Policy Analysis and Reform 18 (1): 101–106. doi:10.22459/AG.18.01.2011.09.
  • Williams, R. 2012. The Policy Providers. Carlton: Melbourne University Press.
  • Williams, R., and R. Snape. 1999. ‘Distinguished Fellow of the Economic Society of Australia, 1998: Professor Alan Powell.’ Economic Record 75 (1): 1–4. doi:10.1111/j.1475-4932.1999.tb02428.x.
  • Woodland, A. 1997. ‘Report on the Activities of the Australasian Standing Committee of the Econometric Society.’ Econometrica 65 (2): 393–403.
  • Woodland, A., and T. Wales. 1983. ‘Estimation of Consumer Demand Systems with Binding Nonnegativity Constraints.’ Journal of Econometrics 21: 263–285. doi:10.1016/0304-4076(83)90046-5.
  • Zerby, J. 1969. ‘An Econometric Model of Monetary Interaction in Australia.’ Australian Economic Papers 8 (13): 154–177. doi:10.1111/j.1467-8454.1969.tb00787.x.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.