Fellows Detail

Emeritus Professor Ken Clements

BEc (hons), MEc (Monash), PhD (Chicago), FASSA

Elected: 1998

Discipline: Economics


Ken Clements is Emeritus Professor and Senior Honorary Research Fellow at the University of Western Australia. He works in international economics, consumer demand and index numbers.


Fellow of the Academy of Social Sciences in Australia, 1998-
Shann Memorial Lecture, “On the Laws of Economics.” Economic Society of WA and The University of Western Australia, September 2018
Austin Holmes Award. Awarded by the WA Branch of the Economic Society of Australia for contributions to the profession, 2018
Best Discussant, PhD Conference in Economics and Business, ANU, 2004 and 2008; Monash University, 2014 (joint winner)
Citation for Outstanding Contributions to Student Learning, Australian Learning and Teaching Council, 2009
Lecturer, Distinguished Scholars’ Lecture Program, Sungkyunkwan University, Seoul, 2000
Inaugural Excellence in Postgraduate Supervision Award, UWA, 1992
McKethan-Matherly Research Fellow, University of Florida Gainesville, 1984
Morganthau Field Fellowship, The University of Chicago, 1977
Lilly Honor Fellowship, The University of Chicago, 1974-77


“What do Australian Economics PhDs Do?” (with J. Si). Australian Economic Review 2019
“Engel’s Law, Diet Diversity and the Quality of Food Consumption” (with J. Si). American Journal of Agricultural Economics, 2018
“Price Elasticities of Food Demand: Compensated vs Uncompensated” (with J. Si). Health Economics, 2016
“Quality, Quantity, Spending and Prices” (with G. Gao). European Economic Review, 2012
“The Big Mac Index Two Decades On: An Evaluation of Burgernomics” (with Y. Lan and S. P. Seah). International Journal of Finance and Economics 2012
“Affluence and Food: A Simple Way to Infer Incomes” (with D. Chen). American Journal of Agricultural Economics, 2010
Economics and Marijuana: Consumption, Pricing and Legalisation (with X. Zhao). Cambridge University Press, 2009. First paperback edition 2014
“Commodity Currencies and Currency Commodities” (with R. Fry). Resources Policy, 2008
“The Stairway to the Top: The Remuneration of Academic Executives” (with H. Y. Izan). Australian Journal of Management 2008
“Stochastic Index Numbers: A Review” (with Izan and E. A. Selvanathan). International Statistical Review, 2006
“Pricing and Packaging: The Case of Marijuana.” Journal of Business, 2006
“Three Facts about Marijuana Prices.” Australian Journal of Agricultural and Resource Economics 2004
“A Cross-Country Analysis of Consumption Patterns” (with H. Theil). In H. Theil Studies in Global Econometrics, Kluwer, 1996
“Understanding Consumption Patterns” (with S. Selvanathan). Empirical Economics 1994
“The Rotterdam Demand Model and its Application in Marketing” (with E. A. Selvanathan). Marketing Science 1988
“The Measurement of Inflation: A Stochastic Approach” (with Izan). Journal of Business and Economic Statistics, 1987
Applied Demand Analysis: Results from System-Wide Approaches (with H. Theil). Ballinger, 1987
How Protection Taxes Exporters (with L. A. Sjaastad). Thames Essay. Trade Policy Research Centre, 1984
“The Demand for Beer, Wine and Spirits: A System-Wide Analysis” (with L. W. Johnson). Journal of Business, 1983
“A Simple Portfolio Allocation Model of Financial Wealth” (with J. C. Taylor). European Economic Review, 1983
“The Monetary Approach to Exchange Rate Determination: A Geometric Analysis.” Weltwirtschaftliches Archiv 1981
“A Note on Estimating Divisia Index Numbers” (with H.Y. Izan). International Economic Review 1981
“A Note on the Interpretation and Estimation of Parkin’s Discount House Portfolio Model.” Review of Economic Studies 1981
“An Aggregative Multiproduct Supply Model.” European Economic Review 1980
“A General Equilibrium Econometric Model of the Open Economy.” International Economic Review, 1980
“Exchange Rates, Money and Relative Prices: The Dollar-Pound in the 1920’s” (with J. A. Frenkel). Journal of International Economics, 1980
“Devaluation in an Empirical General Equilibrium Model.” In J. A Frenkel and H.G. Johnson (eds) The Economics of Exchange Rates: Selected Studies, Addison-Wesley, 1978

For full details, see http://www.web.uwa.edu.au/person/Ken.Clements


Email: ken.clements [at] uwa.edu.au

Contact Information

Academy of the Social Sciences in Australia

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