The authors test the statistical significance of Pindyck’s (1999) suggested class of econometric equations that model the behaviour of long-run real energy prices. The models postulate meanreverting prices with continuous and random changes in their level and trend, and are estimated using...

Fluctuations in the prices of various natural resource products are of concern in both policy and business circles; hence, it is important to develop accurate price forecasts. Structural models provide valuable insights into the causes of price movements, but they are not necessarily the best...

Canadian electricity producers are constrained by to set export prices which are not less than the price at which they sell to adjacent Canadian regions. This constraint is investigated in terms of economic efficiency, distribution of benefits among interconnected provincial networks and...

Total energy consumption by the Quebec manufacturing sector increased by 18,8 % from 1990 to 1998. The decomposition of this increase by factors allows us to identify the roles played by the added value of total manufacturing sector (14,9 %), the change of its structure (6,2 %) and the change of...

Economic rent is defined as the portion of revenue earned by a factor of production in excess of its opportunity cost. In the nature of a surplus, the economic rent of natural resources presents interesting characteristics with respect to taxation. However, taxation mechanisms applied to...

The availability of hydroelectric resources and the institutional framework created for their development have led to electricity prices that are lower in Québec than in the neighbouring regions. The structure of the electric power industry is undergoing significant changes in several countries...

Few studies are concerned with the energy demand of the canadian commercial sector. The modeling works in this area at EMR, Canada and at NEB rely on the two-levels approach. At the first level, the energy demand is expressed as function of energy relative price, commercial sector output, and...

Between 1980 and 1986. Hydro-Quebec's electricity exports to neighboring utilities in the United States and Canada posted an average annual growth rate of 7.3 percent while regular electricity sales in Quebec increased by only 3.8 percent.' Exports accounted for 18.7 percent of the electricity...

The United States and Canada recently concluded a comprehensive agreement which calls for removing restrictions on trade between them, including energy. To explain the details of the energy portions of the agreement, we present by a series of comments by seven authors from both sides of the...

Statistical agencies often report aggregate energy use by expressing different energy types on a common basis with thermal conversion factors. Before the energy crisis of the 1970s Turvey and Nobay (1965) indicated some pitfalls associated with thermal conversion factors in the analysis of...