Showing papers by "Robert E. Lucas published in 1987"
Book•
01 Jan 1987
TL;DR: In this article, the authors present a survey of the state-of-the-art methods to solve the problem of data aggregation in the context of data visualization. Section I. Section II. Section III. Section IV. Section V. Section VI. Section VII. Section VIII.
Abstract: Preface. Section I. Section II. Section II. Section III. Section IV. Section V. Section VI. Section VII. Section VIII. Index.
1,856 citations
TL;DR: In this paper, the authors analyze an aggregative general equilibrium model, in which the use of money is motivated by a cash-in-advance constraint, applied to purchases of a subset of consumption goods.
Abstract: The authors analyze an aggregative general equilibrium model, in which the use of money is motivated by a cash-in-advance constraint, applied to purchases of a subset of consumption goods. The system is subject to both real and monetary shocks, which are economy-wide and observed by all. They develop methods for verifying the existence of, characterizing, and explicitly calculating equilibria. Copyright 1987 by The Econometric Society.
589 citations
Posted Content•
TL;DR: In this article, the authors present a simultaneous econometric model of both the determinants of international migration to the South African mines and of some of the economic consequences for each of the labor supplying countries.
Abstract: This paper presents a simultaneous econometric model of both the determinants of international migration to the South African mines and of some of the economic consequences for each of the labor supplying countries. Not only are the short-run effects of labor withdrawal on traditional crop cultivation and the domestic wage labor markets considered but also the long-term effects of savings from mine earnings invested in crops and cattle in the home countries. The experiences of Botswana Lesotho Malawi Mozambique and the South African homelands are compared. It is shown that "emigration to the South African mines has...reduced crop production in the subsistence sectors of Botswana Lesotho Malawi and the South African homelands in the short run. But the results also suggest that earnings of migrants have enhanced both crop productivity and cattle accumulation in the longer run except in Lesotho." (EXCERPT)
296 citations
52 citations
3 citations
TL;DR: In this article, Pursell and Tower (1987) raise four issues with respect to certain results on DRC theory reported in Lucas (1984), and each of these points will be addressed sequentially.
2 citations