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The net oil price increase is one of the most popular models used to study the relationship between changes in the price of oil and macroeconomic activity. The model postulates that an increase in the price of oil has negative consequences for the economy if the new price exceeds the maximum price o...
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It is well known that parameter estimates obtained from ordinary least squares can be distorted by outliers. Given the dramatic fluctuations observed in the price of crude oil, it is surprising that the robustness of parameter estimates has not been scrutinized more closely. This article investigate...
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Both the Theory of Storage and the Hotelling model play a prominent role in the study of non-renewable resource prices. This paper combines these approaches by modifying the Hotelling model to allow firms to hold inventory in addition to in-ground reserves, contributing three new results. First, inv...
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John Rae and the contemporary proponents of the economics of competitiveness assert that traditional treatments of economic growth, development, and trade have not taken into account the ability of technological progress to overcome diminishing returns to investment. Unlike the contemporary advocate...
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Review.; Rev. of Canadian Economic History, ed. M. H. Watkins and M. H. Grant, and Perspectives on Canadian Economic History (2nd edition), ed. D. McCalla and M. Huberman, and Farm, Factory and Fortune, ed. K. Inwood
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Rev. of Price in a mixed economy, by W. Krehm
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Redistributive effects of Canadian higher education are examined from an economic viewpoint. Children of high income families tend to reap the most financial rewards, but low income families often pay a disproportionately large share of educational expenses. (Author/MSE)
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The metropolitan thesis of N. S. B. Gras has been used in examining the development of several of Canada's foremost cities, and its use in a more general approach to Canadian urban history has been persuasively argued by J. M. S. Careless. While the model is useful, simplistic interpretations o...
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Rev. of The Prosperous Years: the Economic-History of Ontario, 1939-1975, by K.J. Rea