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countries such as the US, Canada, and Japan. Attempts are made to carry out the measurement based both on the accounting records … depreciation and before taxes is found to fluctuate around 10-11% without a persistent trend. For Canada, the indivi- dual company … Canada supple- mented by some unpublished data supplied by Statistics Canada suggest that the cost of capital in Canada is …
Persistent link: https://www.econbiz.de/10013249360
Measures of productivity growth typically include in the Productivity "residual" the impacts of subequilibrium from fixity of factors, costs of adjustment, returns to scale and markups. This paper proposes a general two part framework for adjusting the residual measure to take these impacts into...
Persistent link: https://www.econbiz.de/10013213436
Canada, the U.S.and Japan. Utilizing an econometric cost function methodology, we are able to isolate the major source of … correct for this source of productivity change would have led to a 31% under estimate of long-run TFP growth in Canada arid a …
Persistent link: https://www.econbiz.de/10012755399
By 1981, Japan achieved both internal and external equilibrium; exports and imports roughly balanced at sixteen percent …
Persistent link: https://www.econbiz.de/10013324483
In the wake of the Great Depression, the Canadian government embarked on a stunning reversal in its commercial policy. A key element of its response was the promotion of intra-imperial trade at the Imperial Economic Conference of 1932. This paper addresses whether or not Canadian trade was able...
Persistent link: https://www.econbiz.de/10013122214
geographic areas. We consider the case of Canada, document its impressive experience with import variety growth in the period …
Persistent link: https://www.econbiz.de/10013108248
between Canada and U.S. are essentially zero. Both findings are at odds with the data. A specification that assumes correlated …
Persistent link: https://www.econbiz.de/10012758033
Using highly-disaggregated transaction-level trade data, we document the importance of new firm-level trade partner relationships and the addition of new products to existing relationships in driving long-run import flows. Moreover, we find that these margins are sensitive to movements in the...
Persistent link: https://www.econbiz.de/10012862055
Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...
Persistent link: https://www.econbiz.de/10013218517
attendance for recent high school cohorts in both the U.S. and Canada using data from the 1997 Cohort of the National … income in Canada relative to the U.S., even after controlling for family background, adolescent cognitive achievement, and … generous to low-income youth than are Canadian policies. By contrast, Canada offers more generous aid to middle-class youth …
Persistent link: https://www.econbiz.de/10013122465