@article{yenokyan_seater_arabshahi_2014, title={ECONOMIC GROWTH WITH TRADE IN FACTORS OF PRODUCTION}, volume={55}, ISSN={["1468-2354"]}, DOI={10.1111/iere.12047}, abstractNote={We study the world trading equilibrium in a Ricardian model, where factors of production are produced and traded. Even in the absence of technology transfer, international investment, research and development, and aggregate scale effects, trade affects economic growth through comparative advantage. Trade may raise the growth rate or leave it unchanged, depending on the patterns of comparative and absolute advantage. Trade in factors of production can effectively equalize technology even when technology transfer does not occur. Factor price equalization may hold, but the Stolper–Samuelson and Rybczynski theorems do not. The transition dynamics can be monotonic or oscillatory.}, number={1}, journal={INTERNATIONAL ECONOMIC REVIEW}, author={Yenokyan, Karine and Seater, John J. and Arabshahi, Maryam}, year={2014}, month={Feb}, pages={223–254} }
 @article{dawson_seater_2013, title={Federal regulation and aggregate economic growth}, volume={18}, ISSN={["1381-4338"]}, DOI={10.1007/s10887-013-9088-y}, abstractNote={We introduce a new time series measure of the extent of federal regulation in the U.S. and use it to investigate the relationship between federal regulation and macroeconomic performance. We find that regulation has statistically and economically significant effects on aggregate output and the factors that produce it—total factor productivity (TFP), physical capital, and labor. Regulation has caused substantial reductions in the growth rates of both output and TFP and has had effects on the trends in capital and labor that vary over time in both sign and magnitude. Regulation also affects deviations about the trends in output and its factors of production, and the effects differ across dependent variables. Regulation changes the way output is produced by changing the mix of inputs. Changes in regulation offer a straightforward explanation for the productivity slowdown of the 1970s. Qualitatively and quantitatively, our results agree with those obtained from cross-section and panel measures of regulation using cross-country data.}, number={2}, journal={JOURNAL OF ECONOMIC GROWTH}, author={Dawson, John W. and Seater, John J.}, year={2013}, month={Jun}, pages={137–177} }
 @article{seater_2013, title={Government debt, entitlements, and the economy}, journal={Routledge Handbook of Major Events in Economic History}, author={Seater, J. J.}, year={2013}, pages={428–442} }
 @article{dejuan_seater_wirjanto_2010, title={Testing the Stochastic Implications of the Permanent Income Hypothesis Using Canadian Provincial Data}, volume={72}, DOI={10.1111/j.1468-0084.2009.00565.x}, abstractNote={This paper utilizes relatively unexplored Canadian provincial-level data to investigate an old but still relevant question in macroeconomics as to whether consumption responds to income innovations in a manner consistent with the stochastic implications of the permanent income hypothesis (PIH). The empirical results obtained do not appear to be in accord with the PIH. Instead, consumption's response to income innovations is found to be much weaker than that predicted by PIH; in particular, the response displays an asymmetric pattern in the sense that it is much stronger for negative than positive income innovations. We interpret this evidence of asymmetry as indicative of the presence of liquidity constraints in provincial households. Copyright (c) Blackwell Publishing Ltd and the Department of Economics, University of Oxford, 2009.}, number={1}, journal={Oxford Bulletin of Economics and Statistics}, author={Dejuan, J. P. and Seater, J. J. and Wirjanto, T. S.}, year={2010}, pages={89–108} }
 @article{seater_2008, title={Demands for currency substitution}, volume={55}, ISSN={["2217-2386"]}, DOI={10.2298/PAN0804405S}, abstractNote={nema}, number={4}, journal={PANOECONOMICUS}, author={Seater, John J.}, year={2008}, pages={405–437} }
 @article{dejuan_seater_2007, title={Testing the cross-section implications of Friedman's permanent income hypothesis}, volume={54}, ISSN={["0304-3932"]}, DOI={10.1016/j.jmoneco.2005.10.019}, abstractNote={We use modern household data and econometric methods to conduct some of the original tests of the permanent income hypothesis (PIH) suggested and used by Friedman [1957. A Theory of the Consumption Function. Princeton University Press, Princeton]. The data and methods are superior to those available to Friedman, allowing us to refine Friedman's tests and perform tests he could not do. The results provide overall though not universal support for PIH.}, number={3}, journal={JOURNAL OF MONETARY ECONOMICS}, author={DeJuan, Joseph P. and Seater, John J.}, year={2007}, month={Apr}, pages={820–849} }
 @article{dejuan_seater_2006, title={A simple test of Friedman's Permanent Income Hypothesis}, volume={73}, ISSN={["0013-0427"]}, DOI={10.1111/j.1468-0335.2006.00446.x}, abstractNote={Friedman's Permanent Income Hypothesis (PIH) predicts that the income elasticity of consumption should be higher for households for which a large fraction of the variation of their income is permanent than for households facing more transitory variations in income. We test this prediction using modern household data from the US Consumer Expenditure Survey. The results offer some support for the PIH.}, number={289}, journal={ECONOMICA}, author={DeJuan, JP and Seater, JJ}, year={2006}, month={Feb}, pages={27–46} }
 @article{dejuan_seater_wirjanto_2006, title={Testing the permanent-income hypothesis: new evidence from West-German states (Lander)}, volume={31}, ISSN={["0377-7332"]}, DOI={10.1007/s00181-005-0035-4}, number={3}, journal={EMPIRICAL ECONOMICS}, author={DeJuan, Joseph P. and Seater, John J. and Wirjanto, Tony S.}, year={2006}, month={Sep}, pages={613–629} }
 @article{dejuan_seater_wirjanto_2004, title={A direct test of the permanent income hypothesis with an application to the US states}, volume={36}, ISSN={["1538-4616"]}, DOI={10.1353/mcb.2005.0014}, abstractNote={This paper tests the prediction of the permanent income hypothesis (PIH) that news about future income induce a revision in consumption equal to the revision in permanent income. We use time-series data from 48 contiguous U.S. states to perform the test. The empirical results provide some support for the PIH across states.}, number={6}, journal={JOURNAL OF MONEY CREDIT AND BANKING}, author={Dejuan, JP and Seater, JJ and Wirjanto, TS}, year={2004}, month={Dec}, pages={1091–1103} }
 @article{seater_2002, title={Monies and banking}, volume={2}, number={2002}, journal={Research in Banking and Finance}, author={Seater, J. J.}, year={2002}, pages={43–60} }
 @article{dawson_dejuan_seater_stephenson_2001, title={Economic information versus quality variation in cross-country data}, volume={34}, ISSN={["0008-4085"]}, DOI={10.1111/0008-4085.00109}, abstractNote={Canadian Journal of Economics/Revue canadienne d'économiqueVolume 34, Issue 4 p. 988-1009 Economic information versus quality variation in cross-country data John W. Dawson, John W. Dawson Department of Economics, Appalachian State University,Search for more papers by this authorJoseph P. Dejuan, Joseph P. Dejuan Department of Economics, University of Waterloo,Search for more papers by this authorJohn J. Seater, John J. Seater Department of Economics, North Carolina State University,Search for more papers by this authorE. Frank Stephenson, E. Frank Stephenson Campbell School of Business, Berry CollegeSearch for more papers by this author John W. Dawson, John W. Dawson Department of Economics, Appalachian State University,Search for more papers by this authorJoseph P. Dejuan, Joseph P. Dejuan Department of Economics, University of Waterloo,Search for more papers by this authorJohn J. Seater, John J. Seater Department of Economics, North Carolina State University,Search for more papers by this authorE. Frank Stephenson, E. Frank Stephenson Campbell School of Business, Berry CollegeSearch for more papers by this author First published: 07 January 2003 https://doi.org/10.1111/0008-4085.00109Citations: 22Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Citing Literature Volume34, Issue4November 2001Pages 988-1009 RelatedInformation}, number={4}, journal={CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE}, author={Dawson, JW and DeJuan, JP and Seater, JJ and Stephenson, EF}, year={2001}, month={Nov}, pages={988–1009} }
 @article{fleissig_hall_seater_2000, title={Garp, separability, and the representative agent}, volume={4}, ISSN={["1365-1005"]}, DOI={10.1017/S1365100500016035}, abstractNote={We examine whether annual,
quarterly, and monthly U.S. aggregate
consumption data could have been
generated by a utility-maximizing
representative agent with
intertemporally separable utility. The
model appears inapplicable over the full
time periods covered by the NIPA data,
which are the sample periods often used
in the literature. The model does
appear applicable, however, over long
subsamples. The data also are
inconsistent with separability
assumptions routinely made in the
literature. In particular, the main
categories of consumption (nondurables,
services, and durables) are not mutually
separable. We consider the implications
of our results for inference about
consumption based on the 
representative-agent model.}, number={3}, journal={MACROECONOMIC DYNAMICS}, author={Fleissig, AR and Hall, AR and Seater, JJ}, year={2000}, month={Sep}, pages={324–342} }
 @article{santomero_seater_2000, title={Is there an optimal size for the financial sector?}, volume={24}, ISSN={["1872-6372"]}, DOI={10.1016/s0378-4266(99)00113-2}, abstractNote={This paper derives the optimal size of the financial sector using a general equilibrium framework that is an extension of the paper of Holmstrom and Tirole (1997) [Quarterly Journal of Economics 112, 663–691]. We show that the financial sector has a unique optimal size relative to the size of the economy as a whole. Creating and maintaining this sector requires diversion of some physical capital from production of output to monitoring that production. However, the efficiency gain in output production brought about by monitoring warrants the diversion. It is also found that the optimal size of the financial sector is independent of the state of the economy and does not vary over the business cycle.}, number={6}, journal={JOURNAL OF BANKING & FINANCE}, author={Santomero, AM and Seater, JJ}, year={2000}, month={Jun}, pages={945–965} }
 @article{fleissig_gallant_seater_2000, title={Separability, aggregation, and Euler equation estimation}, volume={4}, ISSN={["1469-8056"]}, DOI={10.1017/S1365100500017077}, abstractNote={We derive a seminonparametric utility function containing the
constant relative risk aversion (CRRA) function as a special case,
and we estimate the associated Euler equations with U.S. consumption
data. There is strong evidence that the CRRA function is
misspecified. The correctly specified function includes lagged
effects of durable goods and perhaps nondurable goods, is bounded as
required by Arrow's Utility Boundedness Theorem, and has a positive
rate of time preference. Constraining sample periods and separability
structure to be consistent with the generalized axiom of revealed
preference affects estimation results substantially. Using Divisia
aggregates instead of the NIPA aggregates also affects results.}, number={4}, journal={MACROECONOMIC DYNAMICS}, author={Fleissig, AR and Gallant, AR and Seater, JJ}, year={2000}, month={Dec}, pages={547–572} }
 @article{dejuan_seater_1999, title={The permanent income hypothesis: Evidence from the consumer expenditure survey}, volume={43}, ISSN={["0304-3932"]}, DOI={10.1016/S0304-3932(98)00063-4}, abstractNote={Consumption Euler relations are estimated with data from the 1986–1991 US Consumer Expenditure Survey without creating a synthetic panel. The stochastic implications of the permanent income hypothesis generally are not rejected, and there is little evidence of liquidity-constrained or rule-of-thumb behavior. The results are robust with respect to consumption category, changes in sample, and choice of instruments.}, number={2}, journal={JOURNAL OF MONETARY ECONOMICS}, author={DeJuan, JP and Seater, JJ}, year={1999}, month={Apr}, pages={351–376} }
 @article{seater_1998, title={Testing the permanent-income/life-cycle hypothesis with aggregate data}, volume={2}, number={3}, journal={Macroeconomic Dynamics}, author={Seater, J. J.}, year={1998}, pages={401–425} }
 @article{dejuan_seater_1997, title={A cross-country test of the permanent income hypothesis}, volume={11}, DOI={10.1080/02692179700000029}, abstractNote={The Permanent Income Hypothesis (PIH) predicts an income innovation has the same size effect on consumption as on permanent income, an implication we examine with a cross-country test proposed by Kormendi & LaHaye (1984). The data from industrial countries support PIH but data from developing countries do not. Also, however, data from countries with high quality national income accounts support PIH whereas data from countries with low quality accounts do not. The stage of economic development and data quality are highly correlated. The evidence suggests that the results may be driven primarily by data quality differences rather than systematically different behaviour between industrial and developing countries.}, number={1997 Sept.}, journal={International Review of Applied Economics}, author={DeJuan, J. and Seater, J. J.}, year={1997}, pages={451–468} }
 @article{seater_1997, title={An optimal control solution to the liquidity constraint problem}, volume={54}, ISSN={["0165-1765"]}, DOI={10.1016/S0165-1765(97)00002-5}, abstractNote={An analytical solution to the liquidity constraint problem is derived in an optimal control framework. Some properties of the solution are examined. Results in the existing literature derived there by disparate methods are obtained by a single approach, thus providing a unified theory of consumption under liquidity constraint.}, number={2}, journal={ECONOMICS LETTERS}, author={Seater, JJ}, year={1997}, month={Feb}, pages={127–134} }
 @inbook{seater_1997, title={Ricardian equivalence}, booktitle={Business cycles and depressions: An encyclopedia}, publisher={New York: Garland Pub.}, author={Seater, J. J.}, year={1997}, pages={577–580} }