In this paper a model for estimating the reduction of the probability of premature death emanating from a transport infrastructure investment is developed. As a starting point a reference probability of premature death is arbitrarily chosen and two measures of estimating the value of life saving...

This paper re-examines the purchasing power parity theory for five bilateral Canadian dollar exchange rates. The Johansen cointegration technique is employed, and we find evidence in favor of PPP when wholesale prices are used but not when consumer prices are utilized, whereas in all but one...

The aim of this paper is to investigate whether the market structure and new technology have an impact on bank loan markets in the European Union. The impact of new technology on three types of bank loans (residential mortgage loans, consumer loans, and corporate loans) is quantified separately...

The purpose of this paper is to analyze the macroeconomic effects of commercial policy in the form of a general non-retaliatory tariff imposed by a small open economy under flexible exchange rates. The Mundellian analysis which has dominated the discussion in this area has been that a tariff...