REVIEW OF ECONOMICS AND STATISTICS.

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    • Abstract:
      This article presents abstracts of several papers about economics published in the May 1965 issue of the journal Review of Economics and Statistics. In the article The Changing Structure of Unemployment: An Econometric Study, Lester C. Thurow developed an econometric model to explain changes in unemployment by sex, race, age, occupation and industry. Using this model the paper shows that much of the change in unemployment can be explained by the rate of growth of gross national product. While in the article The Structure and Determinants of Local Public Investment Expenditures, Niles M. Hansen developed a substantial number of hypotheses concerning four principal groups of causal factors affecting municipal investment requirements.