Studies in Economics and Finance: Volume 12 Issue 2

THE FREE BANKING MODEL APPLIED TO PRE‐1914 CANADIAN BANKING

DONALD R. WELLS

Some economists who normally prefer to rely on free market solutions to economic problems often consider money a special good that requires government control to prevent…

TESTING FOR COINTEGRATION IN CANADIAN LABOUR SUPPLY DATA

P.A. SADORSKY

In this paper, the neoclassical theory of labour supply and a neo‐Keynesian theory of labour supply are investigated and the equilibrium prediction of the two theories are tested…

SOME MACROECONOMIC IMPLICATIONS OF THE VALUE‐ADDED TAX: RESULTS FROM AN ECONOMETRIC MODEL

GORDON RICHARDS

This article examines the macroeconomic impact of a consumption‐based value‐added tax (VAT) using simulations of a large‐scale model. The VAT is imposed as a structural reform of…

THE INCIDENCE OF A SPECIFIC, PER‐UNIT TAX: AN EMPHASIS ON THE LONG RUN

DALE S. BREMMER, RANDALL G. KESSELRING

The treatment of tax incidence in most principles textbooks is incomplete and misleading. This anomaly results from treating tax incidence as a short‐run phenomenon. This paper…

WELFARE IMPLICATIONS OF PRICE REGULATION: A GENERAL EQUILIBRIUM ANALYSIS

RICHARD K. ANDERSON, CARL E. ENOHOTO, S. CHARLES MAURICE

This paper analyzes the welfare implications of price regulation in competitive market structures. The analysis is performed in a general equilibrium framework where individuals…