TESTING THE SPATIAL SCALE AND THE DYNAMIC STRUCTURE IN REGIONAL MODELS (A CONTRIBUTION TO SPATIAL ECONOMETRIC SPECIFICATION ANALYSIS)*

This article addresses the problem of specification uncertainty in modeling spatial economic theories in stochastic form. It is ascertained that the traditional approach to spatial econometric modeling does not adequately deal with the type and extent of specification uncertainty commonly encountered in spatial economic analyses. Two alternative spatial econometric modeling procedures proposed in the literature are reviewed and shown to be suitable for analyzing systematically two sources of specification uncertainty, viz., the level of aggregation and the spatio-temporal dynamic structure in multiregional econometric models. The usefulness of one of these specification procedures is illustrated by the construction of a simple multiregional model for The Netherlands.     

Australian liberalism and corporatism

George Brandis, Tom Harley and Don Markwell (eds), Liberals face the Future: Essays on Australian Liberalism, Melbourne, Oxford University Press, 1984, pp. 386, $14.99 (paper) and Katharine West, The Revolution in Australian Politics, Melbourne, Penguin Books, 1984, pp. 116, $4.95 (paper).

John Rickard, H.B. Higgins: the rebel as judge. Sydney, Allen & Unwin, 1984, pp.350. $29.95 (cloth).

Stuart Macintyre, Militant: the life and times of Paddy Troy, Sydney, Allen & Unwin, 1984, pp.225. $19.95 (cloth), $9.95 (paper).

Alan Metcalfe, In Their Own Right: The Rise to Power of Joh's Nationals, St. Lucia, University of Queensland Press, 1984, pp.268. $20.00 (cloth)

Peter Love. Labour and the Money Power: Australian Labour Populism 1890–1950, Melbourne University Press, 1984, pp.240. $9.95 (paper).

L.F. Crisp, George Houston Reid: Federation Father; Federal Failure? Canberra, ANU, 1979; The Later Australian Federation Movement 1883–1901: Outline and Bibliography, 1979; George Richard Dibbs: Premier of New South Wales, Prophet of Unification, 1980; Federation Prophets Without Honour: A.B. Piddington, Tom Price, H.B.Higgins, 1980; The Unrelenting Penance of Federalist Isaac Isaacs, 1897–1947, 1981; Charles Cameron Kingston: Radical Federationist, 1984.

Philip Toyne and Daniel Vachon, Growing Up the Country: The Pitjantjatjara struggle for their land, Melbourne, Penguin Books and McPhee Gribble, 1984, pp.157. $6.95 (paper)

Jim Kemeny, The Great Australian Nightmare, Melbourne, Georgian House, 1983, pp. 130. $14.95 (paper).

Peter Sekuless, The Lobbyists, Sydney, Allen & Unwin, 1984, pp. 145. $14.95 (paper).

Jennifer Aldred (ed.), Industrial Confrontation, Sydney, Allen and Unwin and Australian Institute‐of Political Science, 1984, pp.111. $15.95 (cloth), $7.95 (paper).

Glenn Withers (ed.), Bigger or Smaller Government? Papers from the sixth symposium of the Academy of the Social Sciences in Australia, 1982, Canberra, Academy of the Social Sciences in Australia, 1983, pp. ix, 115. $8.50 (paper)

Commonwealth Grants Commission, Equity in Diversity: Fifty Years of the Commonwealth Grants Commission, Canberra, Australian Government Publishing Service, 1983, pp. 180. $15.60 (cloth), $9.90 (paper).

Robin Walker, Under Fire: A History of Tobacco Smoking in Australia, Melbourne, Melbourne University Press, pp. 155. $19.50 (cloth).1

Hugh Saddler, Energy in Australia: Politics and Economics, Sydney, Allen and Unwin,1981, pp.205. $7.95 (paper)

Brian Kennedy, A Tale of Two Mining Cities: Johannesburg and Broken Hill 1885–1925, Melbourne, Melbourne University Press, 1984, pp. 146. $25.00 (cloth)

Basile Kerblay, Modern Soviet Society, London, Methuen, 1983, pp.321. $37.50 (cloth), $23.95 (paper).

Gary Littlejohn, A Sociology ofthe Soviet Union, London, Macmillan, 1984, pp.286. $16.95 (paper).

Talal Asad and Roger Owen (eds), Sociology of “Developing Societies”: The Middle East, London, Macmillan, 1983, pp.264. $11.95 (paper).

Richard Mulgan, Democracy and Power in New Zealand: a study of New Zealand politics, Auckland, Oxford University Press, 1984, pp.171. $A12.99 (paper)

Rex Mortimer, Stubborn Survivors, ed. H. Feith and R. Tiffen, Monash Papers on South East Asia No. 10, 1984, pp.xvii, 180. $6.00 (paper).

Philip Lowe and Jane Goyder, Environmental Groups in Politics, London, Allen and Unwin, 1983, pp. 208. $18.95 (paper)

John Surrey (ed.), The Urban Transportation of Irradiated Fuel, London, Macmillan, 1984, pp. 336. $14.95 (paper)

Ian Hancock, White Liberals, Moderates and Radicals in Rhodesia 1953–1980, London and Sydney, Croom Helm, 1984, pp.230. $31.95 (cloth).

Peter Hain, Political Trials in Britain, London, Allen Lane, 1984. pp 318. $29.95 (cloth).

Anthony Hyman, Afghanistan Under Soviet Domination, 1964–1983, London, Macmillan, 1984, pp. 235. $18.95 (paper).

Ivor Crewe and Anthony Fox, British Parliamentary Constituencies: A Statistical Compendium, London, Faber and Faber, 1984, pp.397. $67.95 (cloth).

Frederick C. Teiwes, Leadership, Legitimacy, and Conflict in China: From a Charismatic Mao to the Politics of Succession, London, Macmillan, 1984, pp.167. $21.95 (paper)

John Wong, The Political Economy of China's Changing Relations with Southeast Asia, London, Macmillan, 1984, pp.246. $14.95 (paper)

Adrian Leftwich (ed.), What is Politics? The Activity and its Study, Oxford, Basil Blackwell, 1984, pp. 172. $25.00 (cloth), $11.95 (paper).

Ted Benton, The Rise and Fall of Structural Marxism: Althusser and his Influence, London, Macmillan, 1984, pp. 259. $14.95 (paper).

Ben Fine, Marx's Capital, London, Macmillan, second edition, 1984, pp. 87. $9.95 (paper).

Stefan Collini, Donald Winch and John Burrow, That Noble Science of Politics: A Study in Nineteenth‐Century Intellectual History, Cambridge University Press, 1983, pp. 385. $25.00 (paper).

William W. Bostock, Approaches to Political Explanation, Melbourne, RDI Press, 1983, pp.123. $9.00 (paper).

Ronald Beiner, Political Judgment, London, Methuen, 1983, pp. 199. $17.95 (paper).

John F. Wilson, The Politics of Moderation: An Interpretation of Plato's Republic, New York, University of America Press, 1984, pp.213. $12.25 (U.S.) (paper).

Aristotle, The Athenian Constitution, trans. P.J. Rhodes, Penguin Books, 1984, pp. 198. $6.95 (paper).

Carol O'Donnell, The Basis of the Bargain: Gender, Schooling and Jobs, Sydney, Allen and Unwin, 1984, pp.186. $19.95 (cloth), $9.95 (paper).

Dorothy H. Broom (ed.), Unfinished Business: Social Justice for Women in Australia, Sydney, Allen and Unwin, 1984, pp.213. $24.95 (cloth), $10.95 (paper).

S. Fabian and M. Loh, The Changemakers: Ten Significant Australian Women. Milton, Jacaranda Press, 1983, pp. 190. $14.25 (paper).     

INTERREGIONAL ARBITRAGE AND THE SUPPLY OF LOANABLE FUNDS: A MODEL OF INTERMEDIATE FINANCIAL CAPITAL MOBILITY*

ABSTRACT This paper develops a model of regional financial markets which can encompass different degrees of spatial financial integration. The behavior of the system is analyzed under alternative assumptions about the time frame of analysis and the extent of the flexibility of interest rates. It is argued that links may exist between regional real and financial sectors even in the short run and that such links must, through the regional balance of payments, exist in the long run, even where there is perfect financial spatial integration. It is observed that these relationships have generally been ignored by regional economic model builders.     

NONSURVEY INPUT-OUTPUT ESTIMATION TECHNIQUES: EVIDENCE ON THE STRUCTURE OF ERRORS

ABSTRACT This paper concerns the nature and extent of error introduced to regional input-output multipliers by errors associated with the estimation of regional purchase coefficients (rpc's). Using the Washington State input-output model and computer simulations, estimates of multiplier error are generated for two distinct sources of rpc error. The results indicate that multiplier error from both rpc sources may be significant and support the findings of previous studies which highlight the importance of error introduced to the household purchases column for multiplier accuracy.