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The Effects of Energy Price Changes on Commodity Prices, Interprovincial Trade, and Employment

The Effects of Energy Price Changes on Commodity Prices, Interprovincial Trade, and Employment

Paperback

Series: Heritage

Business GeneralInvesting & Finance

ISBN10: 0802033377
ISBN13: 9780802033376
Publisher: University of Toronto Press
Published: Dec 15 1976
Pages: 112
Weight: 0.38
Height: 0.24 Width: 6.14 Depth: 9.21
Language: English

This study investigates how an increase in the price of petroleum and natural gas would alter commodity prices in Ontario, and then estimates the effects on production and employment. A 100 per cent increase in energy prices is assumed. Using the Ontario input-output table it is found that commodity price increases would be relatively small, on average 2.7 per cent over-all and less than 1.6 per cent in basic manufacturing. However, using Cobb-Douglas utility functions it is also calculated that the Ontario labour force would suffer an employment reduction of 2 to 4 per cent.

Also from

Melvin, James R.

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Business General