The Effects of Energy Price Changes on Commodity Prices, Interprovincial Trade, and Employment

Language: English

Published by University Of Toronto Press, 1976

0802033377 / 9780802033376

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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Softcover

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nach der Bestellung gedruckt Neuware - Printed after ordering - This study investigates how an increase in the price of petroleum and natural gas would alter commodity prices in Ontario, and then estimates the effects on production and employment. A 100 per cent increase in energy prices is assumed. Using the Ontario input-output table it is found that commodity price increases would be relatively small, on average 2.7 per cent over-all and less than 1.6 per cent in basic manufacturing. However, using Cobb-Douglas utility functions it is also calculated that the Ontario labour force would suffer an employment reduction of 2 to 4 per cent. Economic policy alternatives open to Ontario are then considered. Subsidies to offset commodity price increases would be very expensive and difficult to administer. Retaliatory measures, such as a change in the Ontario Corporate Income Tax, would be inefficient. It is concluded that from Ontario’s point of view, the best economic policy would be to attempt to ensure that petroleum and natural gas prices remain uniform throughout Canada.…

Seller Inventory # 9780802033376

Title
The Effects of Energy Price Changes on Commodity Prices, Interprovincial Trade, and Employment
Author
James R Melvin
Publisher
University Of Toronto Press
Publication year
1976
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
0802033377
ISBN 13
9780802033376
Item weight
172 grams
Dimensions
234x156x6 mm

AHA-BUCH GmbH

Einbeck, Germany

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