One of the most frequent errors made in the preparation of investment project evaluations arises out of the improper accounting for the impact of inflation on the financial and economic performance of a potential project. In this case of commercial projects it is not uncommon to find the returns...

In recent years the aircraft industry in Canada has experienced a decline in output. As a consequence there have been major lay-offs of employees who have had to find employment in other activities. All workers have not had the same difficulties in finding alternative employment when released...

An improved physical environment would undoubtedly yield gross benefits to the residents of Ontario. The really challenging question is how should environmental policy be formulated and implemented in order to achieve these benefits with the least amount of social cost? There is a net social...

The purpose of this paper is to outline an approach to the evaluation of public sector enterprise performance that attempts to integrate aspects of financial, economic and social objectives that these organizations often strive to attain.

This study identifies the ways that inflation has had a financial impact on the Canadian business sector. It also contains an estimation of the magnitude of each of these effects of inflation by industrial sector for the years 1965-1974. These individual effects are then aggregated to determine...

The objective of this paper is to examine some aspects of the planning and pricing practices of the publicly owned electric utilities and to indicate how the economic welfare of the country could be improved through changes in these practices. We shall deal with two related sets of questions....

Changes in the pricing of electrical energy in Canada to encourage a more efficient use of the country’s resources will have an impact on both electric utilities and economy in general. The purpose of this paper is to outline a framework within which these impacts can be studied and evaluated....

The need to calculate the shadow price of foreign exchange for economic project evaluation has been recognized for the same time in the case of developing countries. Most of these countries have large trade distortions, and in addition, often the project being evaluated will have a relatively...

This study concentrates on the adjustment costs of laying off workers from firm which are forced to reduce production and employment. Both the private income losses to the displaced workers and the cost to the economy of labour displacement are examined. The costs of adjustment for displaced...

The purpose of this note is to measure the externality created by the existence of sales taxes and trade distortions when labour is taken away from the rest of the economy for use in the project under examination. This externality is calculated as a proportion of the value added of labour...