The Impact of the Crude Oil Subsidy on Economic Efficiency in Canada

Thirsk, Wayne R.; Wright, Robert R.

doi:10.2307/3549275

Cited by 10 publications

(4 citation statements)

References 4 publications

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“…For motive fuels, a weighted-average own-price elasticity for each of the industrial categories of the model and for final demand was calculated based on IFSD estimates of -1.02 for gasoline and -0.57 for diesel fuel, and 1985 demands for each of these fuels by industrial sector. The elasticity of supply for crude oil and natural gas was obtained from Thirsk and Wright (1977). Supply elasticity estimates for the remaining resource and electric utilities industries were not forthcoming in a survey of the economics literature; consequently, reasonable values for these elasticities were chosen based on the estimate for crude oil and natural gas.…”

mentioning

confidence: 99%

A CGE Approach to Modelling Carbon Dioxide Emissions Control in Canada and the United States

Beuuséjour¹,

Lenjosek²,

Smart³

1995

World Economy

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mentioning

confidence: 99%

A CGE Approach to Modelling Carbon Dioxide Emissions Control in Canada and the United States

Beuuséjour¹,

Lenjosek²,

Smart³

1995

World Economy

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“…A recent survey of energy demand elasticities by Kouris (1982) reviews existing estimates, and contains comments on possible ranges of energy elasticity values, although not specifically for Canada. The Kouris study produces a range of energy elasticity estimates (-.1 to -.5) only slightly lower than that suggested by Thirsk and Wright (1977) for Canada. Estimates in this range are therefore used in specifying energy demand elasticity values in the model.…”

Section: Elasticitiesmentioning

confidence: 57%

Regional Effects of Taxes in Canada: An Applied General Equilibrium Approach

Jones

Whalley

1986

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We are grateful to participants in the Tax Group, NBER, for comments on an earlier draft, and to the Social Sciences and Humanities Research Council, Ottawa, for their support of the model development work underlying this paper. The research reported here is part of the NBER's research program in Taxation. Any opinions expressed are those of the authors and not those of the National Bureau of Economic Research.

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“…(Comparative static analyses like this have been used by many economists analyzing post-1973 Canadian oil policies. See Watkins, 1977aWaverman, 1975;Thirsk and Wright, 1977;andPowrie andGainer, 1977. Waverman and, focus on the impacts on the downstream oil industry.)…”

Section: Effects Of Direct Controlsmentioning

confidence: 99%

“…In particular, straight line supply and demand curves were assumed with elasticities of 0.3 and -0.6, respectively, at the observed production and consumption points. (Thirsk and Wright, 1977, amongst others, apply this approach using a variety of elasticity assumptions.) Our elasticities are taken to be representative of the long run.…”

Section: A Efficiency Of Strict Controlsmentioning

confidence: 99%