William Scarth
Dados Biográficos
| ID | 5734150 |
|---|---|
| NOME | William Scarth |
| PRENOMES | William |
| SOBRENOME | Scarth |
| ASSINATURA | SCARTH W |
| AFILIAÇÕES | McMaster University |
| VERIFICADO | Não |
| TOTAL DE OBRAS | 12 |
| TOTAL DE CITAÇÕES | 3 |
| TOTAL COMO AUTOR | 12 |
| TOTAL COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 1973 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2008 |
| ÍNDICE H | 1 |
An Evaluation of the Working Income Tax Benefit
The federal government has implemented an earned income tax credit what it has called the Working Income Tax Benefit in the 2007 Budget. Edmund Phelps argued that the earned income tax credit in the United States should be replaced with an employment subsidy. This paper assesses the importance of Phelps's concern, and related issues, for Canada. This debate is important for two reasons: the plight of those blocked by the “welfare wall” is dire, a…
Federal Debt Reduction
The federal government's reluctance to set out a strategy for long-term debt reduction likely arises from disagreements about how rapidly to reduce debt, how rigidly to translate the long-term debt reduction path into annual fiscal targets, and how to balance new spending and tax cuts. We try to narrow the uncertainties around these choices with Monte Carlo simulation using a model of the Canadian economy that explicitly incorporates uncertainty …
Equality and Prosperity
Deficit Reduction
On the Dynamics of Growth and Debt
Journal Article On the Dynamics of Growth and Debt Get access On the Dynamics of Growth and Debt. By (CASPER) EWIJK VAN. (Oxford and New York: Clarendon Press, 1991. Pp. 220. £30.00 hardback. ISBN 0 19 829346 6.) William Scarth William Scarth McMaster University, Ontario Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 103, Issue 420, 1 September 1993, Pages 1312–1313, https://doi.org/10.2307/2…
Stabilization Policy Within a Currency Area
Beggar-my-neighbor policy problems for EEC countries are examined by considering a two-country currency area model involving real wage rigidity and a floating exchange rate with the rest of the world. Recognition of the supply-side effects of the exchange rate significantly changes earlier results. Copyright 1988 by Scottish Economic Society
Unemployment, Inflation and Deficits
The dilemma of unemployment and inflation, and the size of the budget deficit, are among the most pressing economic and political issues. The purpose of this essay is to review the four background studies of the MacDonald Commission (Volumes 20, 21, 24 and 25 (see bibliography)) on these important topics. The paper is divided into five remaining sections. In section II, several policies which have been proposed as measures that might reduce the c…
Macroeconomic Implications of Adjustment Costs
Standard macroeconomics involves a basic inconsistency, since the production function for consumption goods is defined in two ways. In general, this function is G (N, K, I), where the inputs are labour, N, capital, K, and investment, I, respectively. The properties of this function that are always assumed are: GN, GK > 0 and GNN, GKK, GI < 0. The inconsistency stems from analysts making two different assumptions concerning GI,. When macroeconomis…
Adjustment Costs and Aggregate Demand Theory
approach to be consistent with present value maximization, a production function homogeneous of degree one in labour, capital and investment (such as that assumed by Lucas, 1967) is required. However, if the relationship between the capital stock and the market value of the firm is ignored and investment is related directly to the gap between capital's marginal product and its rental cost (which requires the assumption of static expectations), th…
The Real Wage-Employment Relationship
Journal Article The Real Wage-Employment Relationship Get access William M. Scarth, William M. Scarth McMaster University Search for other works by this author on: Oxford Academic Google Scholar Anthony Myatt Anthony Myatt McMaster University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 90, Issue 357, 1 March 1980, Pages 85–94, https://doi.org/10.2307/2231657 Published: 01 March 1980
Monetarism and Income Controls
Arrow, K.J. (1962) 'Economic Welfare and the Allocation of Resources for Invention,' in The Rate and Direction ofInventive Activity: Economic and Social Factors, National Bureau of Economic Research (Princeton: Princeton University Press) Demsetz, H. (1969) 'Information and Efficiency: Another Viewpoint,' Journal ofLaw and Economics, 12:1-22. Economic Council of Canada (197 ) Report on Intellectual and Industrial Property (Ottawa: Information Can…
The Elasticity of Substitution and the Shape of the Transformation Curve
The purpose of this paper is to determine, for a country producing two goods with two factors, how the shape of the transformation curve depends on the elasticities of substitution in production in the two industries. Harry Johnson' has examined the shape of the transformation curve and has concluded that it is much less bowed out than is traditionally drawn. James Melvin2 notes that there are two influences on the shape of the curve, the factor …
Deficit Reduction
On the Dynamics of Growth and Debt
Journal Article On the Dynamics of Growth and Debt Get access On the Dynamics of Growth and Debt. By (CASPER) EWIJK VAN. (Oxford and New York: Clarendon Press, 1991. Pp. 220. £30.00 hardback. ISBN 0 19 829346 6.) William Scarth William Scarth McMaster University, Ontario Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 103, Issue 420, 1 September 1993, Pages 1312–1313, https://doi.org/10.2307/2…
The Elasticity of Substitution and the Shape of the Transformation Curve
The purpose of this paper is to determine, for a country producing two goods with two factors, how the shape of the transformation curve depends on the elasticities of substitution in production in the two industries. Harry Johnson' has examined the shape of the transformation curve and has concluded that it is much less bowed out than is traditionally drawn. James Melvin2 notes that there are two influences on the shape of the curve, the factor …
Monetarism and Income Controls
Arrow, K.J. (1962) 'Economic Welfare and the Allocation of Resources for Invention,' in The Rate and Direction ofInventive Activity: Economic and Social Factors, National Bureau of Economic Research (Princeton: Princeton University Press) Demsetz, H. (1969) 'Information and Efficiency: Another Viewpoint,' Journal ofLaw and Economics, 12:1-22. Economic Council of Canada (197 ) Report on Intellectual and Industrial Property (Ottawa: Information Can…
Adjustment Costs and Aggregate Demand Theory
approach to be consistent with present value maximization, a production function homogeneous of degree one in labour, capital and investment (such as that assumed by Lucas, 1967) is required. However, if the relationship between the capital stock and the market value of the firm is ignored and investment is related directly to the gap between capital's marginal product and its rental cost (which requires the assumption of static expectations), th…
The Real Wage-Employment Relationship
Journal Article The Real Wage-Employment Relationship Get access William M. Scarth, William M. Scarth McMaster University Search for other works by this author on: Oxford Academic Google Scholar Anthony Myatt Anthony Myatt McMaster University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 90, Issue 357, 1 March 1980, Pages 85–94, https://doi.org/10.2307/2231657 Published: 01 March 1980
Macroeconomic Implications of Adjustment Costs
Standard macroeconomics involves a basic inconsistency, since the production function for consumption goods is defined in two ways. In general, this function is G (N, K, I), where the inputs are labour, N, capital, K, and investment, I, respectively. The properties of this function that are always assumed are: GN, GK > 0 and GNN, GKK, GI < 0. The inconsistency stems from analysts making two different assumptions concerning GI,. When macroeconomis…
Unemployment, Inflation and Deficits
The dilemma of unemployment and inflation, and the size of the budget deficit, are among the most pressing economic and political issues. The purpose of this essay is to review the four background studies of the MacDonald Commission (Volumes 20, 21, 24 and 25 (see bibliography)) on these important topics. The paper is divided into five remaining sections. In section II, several policies which have been proposed as measures that might reduce the c…
Stabilization Policy Within a Currency Area
Beggar-my-neighbor policy problems for EEC countries are examined by considering a two-country currency area model involving real wage rigidity and a floating exchange rate with the rest of the world. Recognition of the supply-side effects of the exchange rate significantly changes earlier results. Copyright 1988 by Scottish Economic Society
On the Dynamics of Growth and Debt
Journal Article On the Dynamics of Growth and Debt Get access On the Dynamics of Growth and Debt. By (CASPER) EWIJK VAN. (Oxford and New York: Clarendon Press, 1991. Pp. 220. £30.00 hardback. ISBN 0 19 829346 6.) William Scarth William Scarth McMaster University, Ontario Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 103, Issue 420, 1 September 1993, Pages 1312–1313, https://doi.org/10.2307/2…
Deficit Reduction
Federal Debt Reduction
The federal government's reluctance to set out a strategy for long-term debt reduction likely arises from disagreements about how rapidly to reduce debt, how rigidly to translate the long-term debt reduction path into annual fiscal targets, and how to balance new spending and tax cuts. We try to narrow the uncertainties around these choices with Monte Carlo simulation using a model of the Canadian economy that explicitly incorporates uncertainty …
Equality and Prosperity
An Evaluation of the Working Income Tax Benefit
The federal government has implemented an earned income tax credit what it has called the Working Income Tax Benefit in the 2007 Budget. Edmund Phelps argued that the earned income tax credit in the United States should be replaced with an employment subsidy. This paper assesses the importance of Phelps's concern, and related issues, for Canada. This debate is important for two reasons: the plight of those blocked by the “welfare wall” is dire, a…
Economics (10 obras) · Economic Theory and Policy (6 obras) · Computer Science (4 obras) · Sociology (4 obras) · Economic theories and models (3 obras) · Microeconomics (3 obras) · Canadian Policy and Governance (2 obras) · Debt (2 obras) · Econometrics (2 obras) · Global Financial Crisis and Policies (2 obras)