{"product_id":"the-effects-of-energy-price-james-r-melvin-9780802033376","title":"The Effects of Energy Price Changes on Commodity Prices, Interprovincial Trade, and Employment","description":"\u003cp\u003eThis 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.\u003cbr\u003e Economic policy alternatives open to Ontario are then considered. Subsidies to offset commodity price increases would be very expensive and difficult to administer. Retaliatory measures, such as a change in the Ontario Corporate Income Tax, would be inefficient. It is concluded that from Ontario's point of view, the best economic policy would be to attempt to ensure that petroleum and natural gas prices remain uniform throughout Canada.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e James R. Melvin\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0802033377\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780802033376\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e University of Toronto Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/15\/1976\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 112\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.38lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.24d","brand":"James R. Melvin","offers":[{"title":"Paperback","offer_id":48448957317375,"sku":"9780802033376","price":24.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_3120905e-a1ee-41c0-afce-97f2988a9864.jpg?v=1777261342","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-effects-of-energy-price-james-r-melvin-9780802033376","provider":"WR Book House","version":"1.0","type":"link"}