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Social and Behavioral Sciences Commons™

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Selected Works

Agricultural and Resource Economics

1978

Articles 1 - 2 of 2

Full-Text Articles in Social and Behavioral Sciences

New Evidence On Income And The Velocity Of Money, Philip E. Graves Jan 1978

New Evidence On Income And The Velocity Of Money, Philip E. Graves

PHILIP E GRAVES

Time series and cross-country empirical results suggest that cash holding as a proportion of income rises, or equivalently that velocity falls, as income increases. Numerous cross-sectional findings at many points in time, in several countries, conclude oppositely. It is argued here that the former studies suffer from omitted variable bias by ignoring socio-demographic variables affecting the demand for cash balances. When one incorporates such demand shifters into the analysis the time series and cross-country findings are seen as consistent with the critically reexamined cross-sectional result that velocity increases with income.

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Interorganizational Considerations In Coastal Management: The 1976 California Legislative Experience, Herman L. Boschken Jan 1978

Interorganizational Considerations In Coastal Management: The 1976 California Legislative Experience, Herman L. Boschken

Herman L. Boschken

Among coastal management programs, most states have found the question of appropriate administrative structure difficult to cope with. The dilemma of decision trade-offs caused by the dual governmental needs of "efficiency" and "representation" has led to some alternative patterns of administration. For complex issues that transcend local boundaries, the choice between trade-offs means adopting either (a) some form of consolidated bureaucracy or (b) some system of concurrent jurisdictions. Both alternatives have their inherent benefits and disadvantages but, considering the degree of environmental complexity and array of competing interests involved in coastal resource use, the most appropriate administrative form would seem …

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