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The paper derives a consistent accounting framework for the treatment of inventories when measuring the productivity of a distribution firm. The average purchase price of an inventory item during an accounting period must be distinguished from its average selling price and these two average...
Persistent link: https://www.econbiz.de/10012474108
Were high import tariffs somehow related to the strong U.S. economic growth during the late nineteenth century? This paper examines this frequently mentioned but controversial question and investigates the channels by which tariffs could have promoted growth during this period. The paper shows...
Persistent link: https://www.econbiz.de/10012471128
This paper discusses a portion of our work linking data on the agriculture sector in the United States and Canada. The …
Persistent link: https://www.econbiz.de/10012477315
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/10012477344
The MACE model of Canada employs a nested production structure in which there is a vintage bundle of capital and energy … factor proportions, demand, and profitability in Canada were due to the changes in world oil prices and the parallel changes …
Persistent link: https://www.econbiz.de/10012477914
In this paper we examine exclusion accomplished by a coalition of firms--frequently, a coalition of suppliers and customers--that share the benefits of exclusion. As a particular historical example, we study the Canadian sugar industry of the 1880s, which was controlled by a complex coalition of...
Persistent link: https://www.econbiz.de/10012479805
We find a steep earnings-longevity gradient using fifty years of administrative data from Canada, with men in the top ….6 years. Unlike the United States, this longevity gradient in Canada has shifted uniformly through time, with approximately …
Persistent link: https://www.econbiz.de/10012480584
We use new data on manufacturing in Canada to quantify the impact of globalization on the growth and composition of … industrialization in the second half of the nineteenth century. We find that industries and regions more exposed to international trade … experienced faster growth. Consistent with the literature on economic development in Canada, we find that scale economies …
Persistent link: https://www.econbiz.de/10012481264
A panel of corporate ownership data, stretching back to 1902, shows that the Canadian corporate sector began the century with a predominance of large pyramidal corporate groups controlled by wealthy families or individuals. By mid-century, widely held firms predominated. But, from the 1970s on,...
Persistent link: https://www.econbiz.de/10012468057
several former colonies of Great Britain: the United States, Canada, Australia, New Zealand and South Africa. We trace out …
Persistent link: https://www.econbiz.de/10012468857