The issues which confront governments concerning the choice between trade or protection are related to three distinct yet inter- connected policy problems, namely: international trade policy, national industrial development policy, and political platform policy. The theoretical economics...

Large-scale, capital intensive projects in Canada frequently rely on foreign financing and as a result the foreign-owned segment of many sectors has grown considerably. New projects either reallocate the existing foreign investment into the country or cause a net augmentation to the capital...

The issues which confront government in developed countries like Canada concerning the choice between trade or protection are related to concerns in three distinct, yet inter-connected areas, namely: international development, national industrial development, and political exigencies and...

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...

This paper focuses narrowly on developing a set of estimates of the cost in terms of the financial real rate of return the Canadian economy has paid to the U.S. residents who have made direct investments in Canada. These estimates will then be compared with corresponding real net-of-tax private...

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....

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...