Money is broadly defined to include M2 plus large denomination time deposits and deposits in savings institutions. Splitting M2+ into two components, M1 and the remainder, MD, each was found to bear a stable relationship to GDP over the 1929-94 period. An economic test of the causality question...

The collection and reporting of information bearing upon decision making in both the public and private sectors are considered to be important functions of government. In this study, we attempt to develop a theoretical framework for estimating the social returns to government expenditures on...

The major objective of this paper is to develop a cross section land quality index for the United States that hopefully overcomes one of the problems inherent in the most common land quality index presently used. After adjusting agricultural land for quality, a cross section, quality constant,...

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 suggest that the TRE staffing during the 1950s and 1960s was smaller than...

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...