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Quarterly journal of economics
The Quarterly Journal of Economics (QJE) is the oldest professional journal of economics in the English language, dating back to 1886. Edited at Harvard University's Department of Economics, it covers all aspects of the field, from the journal's traditional emphasis on microtheory, to both empirical and theoretical macroeconomics. QJE is invaluable to professional and academic economists and students around the world.
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Current Table of Contents
- Returns to Capital in Microenterprises: Evidence from a Field Experiment*
Quarterly Journal of Economics, Volume 123, Issue 4, Page 1329-1372, November 2008. <br/> We use randomized grants to generate shocks to capital stock for a set of Sri Lankan microenterprises. We find the average real return to capital in these enterprises is 4.6%–5.3% per month (55%–63% per year), substantially higher than market interest ... - Information, School Choice, and Academic Achievement: Evidence from Two Experiments*
Quarterly Journal of Economics, Volume 123, Issue 4, Page 1373-1414, November 2008. <br/> We examine a natural experiment and a field experiment that provided direct information on school test scores to lower-income families in a public school choice plan. Receiving information significantly increases the fraction of parents choosing higher-... - Five Facts about Prices: A Reevaluation of Menu Cost Models*
Quarterly Journal of Economics, Volume 123, Issue 4, Page 1415-1464, November 2008. <br/> We establish five facts about prices in the U.S. economy: (1) For consumer prices, the median frequency of nonsale price change is roughly half of what it is including sales (9–12% per month versus 19–20% per month for identical items; 11–13% per month ... - Luther and Suleyman*
Quarterly Journal of Economics, Volume 123, Issue 4, Page 1465-1494, November 2008. <br/> Various historical accounts have suggested that the Ottomans' rise helped the Protestant Reformation as well as its offshoots, such as Zwinglianism, Anabaptism, and Calvinism, survive their infancy and mature. Utilizing a comprehensive data set on ... - Cross-Border Returns Differentials*
Quarterly Journal of Economics, Volume 123, Issue 4, Page 1495-1530, November 2008. <br/> Using a monthly data set on the foreign equity and bond portfolios of U.S. investors and the U.S. equity and bond portfolios of foreign investors, we find that the returns differential for portfolio securities is far smaller than previously reported. ... - Does Regionalism Affect Trade Liberalization toward NonMembers?*
Quarterly Journal of Economics, Volume 123, Issue 4, Page 1531-1575, November 2008. <br/> We examine the effect of regionalism on unilateral trade liberalization using industry-level data on applied most-favored nation (MFN) tariffs and bilateral preferences for ten Latin American countries from 1990 to 2001. We find that preferential tariff ... - Impacts of Entry by Counterfeiters*
Quarterly Journal of Economics, Volume 123, Issue 4, Page 1577-1609, November 2008. <br/> This paper uses a natural experiment to test the impact of counterfeiting under weak intellectual property rights. I collect new panel data from Chinese shoe companies from 1993–2004. By exploiting the discontinuity of government enforcement efforts for ... - How do Incumbents Respond to the Threat of Entry? Evidence from the Major Airlines*
Quarterly Journal of Economics, Volume 123, Issue 4, Page 1611-1633, November 2008. <br/> We examine how incumbents respond to the threat of entry by competitors (as distinct from how they respond to actual entry). We look specifically at passenger airlines, using the evolution of Southwest Airlines' route network to identify particular ... - Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines*
Quarterly Journal of Economics, Volume 123, Issue 4, Page 1635-1677, November 2008. <br/> How do liquidation values affect financial contract renegotiation? While the “incomplete-contracting” theory of financial contracting predicts that liquidation values determine the allocation of bargaining power between creditors and debtors, there is ... - Competing with the New York Stock Exchange*
Quarterly Journal of Economics, Volume 123, Issue 4, Page 1679-1719, November 2008. <br/> Research on information economics and securities markets dating back to Stigler (Journal of Political Economy, 69 (1961), 213–225; Journal of Business, 37 (1964), 117–142) argues that trading will tend to centralize in major market centers such as the ...