By Robert L. Mansell
After a decade of really robust functionality, the Alberta economic climate skilled huge swings in task within the Eighties and ranked one of the such a lot volatile in Canada and the us. This designated research of the process the Alberta economic system from the early Seventies to the overdue Nineteen Eighties assesses the reasons for this instability and explores ways that federal and provincial executive regulations and marketplace forces may decrease the unstable nature of the economic climate.
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Extra info for Strength in Adversity: A Study of the Alberta Economy (Western Studies in Economic Policy)
Price Indexes for Alberta Exports and Imports Source: Statistics Canada (26-201). D i a g n o s i n g A l b e r t a ' s D o w n t u r n 35 Figure 17. Alberta Exports (Current and Constant $) Source: Alberta Bureau of Statistics, Alberta Economic Accounts. 32 Thus, it is reasonable to conclude that, if the change in price expectations (and high interest rates) was a factor in the collapse of energy investment in the province, it was certainly much less important than the NEP. 0). 33 The basic procedure involved a comparison of actual (historical) performance with that predicted by the model under various "what if" conditions pertaining to energy prices and policies, interest-rate levels, fiscal policies, agricultural and other commodity prices, and so on.
Thirlwall, "Regional Problems Are Balance of Payments Problems," Regional Studies 14 (1980): 419-425; Thomas J. Courchene, "Avenues of Adjustment: The Transfer System and Regional Disparities," in Canadian Confederation at the Crossroads, ed. M. , "The National Energy Program and Fiscal Federation: Some Observations," in Reaction: The National Energy Program, ed. G. C. Watkins and M. A. , "A Market Perspective on Regional Disparities," Canadian Public Policy 7 (1981): 506-518. 21. The extent to which this transfer is effected via changes in wage and price levels versus changes in real variables, such as employment, will depend on the relative flexibility of these variables.
See Mansell, "Texas and Alberta," p. 243. 20 S t r e n g t h i n A d v e r s i t y Table 1. 6280. Table 2. 8 Based on data from Alberta Buru of Statistics, ASIST Matrix no. 6101; and Statistics Canada, The Labour Force, Cat. no. 71-001, various issues. D i a g_n o s i n g A l b e r t a ' s D o w n t u r n 21 Table 3. 00) Agriculture ConTransport. 46 1983 1984 1985 Sources: Calculated using data from Statistics Canada, The Labour Force, Cat. no. 71-001, various issues; and idem, Labour Force Annual Averages, 1975-1983, Cat.