bluuebunny/crossref_metadata_2025_split huggingface dataset:
La théorie des prix de transfert internes des grandes sociétés
Authors: Copithorne Lawrence W. 
Published: July 2012

There is considerable merit in thinking of the modern multidivisional corporation as an economy within itself. There is an important similarity between the interaction of divisions within a corporation and the perfectly competitive economic model formulated by Leon Walras1. When we look at modern corporations from this viewpoint we discover that much of what we know in general equilibrium economics may have considerable application inside modern corporations. Some of our existing theorems help clarify distinctions between decentralization and central control in corporate management in the same way that they clarify the distinctions between the market economies and those that run by central decree. They help distinguish which divisions must be centrally managed and those which can be left to look after themselves. This viewpoint offers new insights too—that, for instance, the products transferred between divisions may quite logically have two transfer prices instead of one. This viewpoint also permits an easy synthesis of the existing literature on transfer pricing. While the transfer pricing issue is especially important for multinational and international corporations which transfer goods and services between divisions located in different countries, the principles generally apply to any multidivisional corporation. The purposes of this paper are to present a simple, but general analytic model of the multidivisional corporation, to use it to make a synthesis of the existing literature on transfer pricing, and to make some important new discoveries.
1 Léon Walras, Elements of Pure Economics, édité et traduit par W. Jaffe (London : George Allen and Unwin, 1954). Kenneth Arrow fait mention de cette similitude dans son article : « Optimization, Decentralization and Internal Pricing in Business Firms », Contributions to Scientific Research in Management, 9-18, Western Data Processing Centre, Los Angeles, University of California Press, 1961.
Le traité de réciprocité 1854-1866
Authors: Latulippe Jean-Guy 
Published: July 2012

"Reciprocity is a relation between two independent powers, such that the citizens of each are guaranteed certain commercial privileges at the hands of the others". The arrangement obtained under the Reciprocity Treaty of 1854 might perhaps be appropriately described as a partial "free-trade area" rather than as a "customs union" since the United States and the British North American Provinces were not assumed to draw up a common tariff schedule for their imports from the outside countries. Each participant maintains its own duties against other countries or even colonies.The Reciprocity Treaty permitted free access in the coastal fisheries to Americans and abolished duties on a wide range of natural products (grain, flour, fish, livestock, coal, timber and other less important natural produce). At the same time, American vessels were admitted to the use of Canadian canals on the same terms as British and colonial vessels. Reciprocity was to apply to Canadian vessels going to United States.In the late 1840's the B.N.A. Provinces were faced by that policy which the literature has called "Little Englandism". When Britain repealed the corn laws and gradually the preferential tariffs on timber the B.N.A. Provinces were shocked to be left on their own. A new commercial system had to be developed: reciprocity was the answer. But, it could have been something else: protection or annexion.The direction of the external trade changes with the Reciprocity Treaty. Before 1851, Britain was Canada's main partner (59% of Canada's Exports). But a decade later, the United States was both Canada's major supplier and its best customer. Neither the Treaty nor the loss of preference in the British Market succeeded in destroying the Trade of B.N.A. Provinces with the United Kingdom. In fact, trade with Britain was greater in 1865 than in 1854. Later, in 1870, Britain took back its leading position. What we see is a diversion of trade from Britain to the United States and back to Britain where the basic commercial connections were well established.The Treaty was disappointing for the "dream" of using the St. Lawrence as the main route to capture the trade of the West did not materialize.The consequence of abrogation was less unfortunate than had in some quarters been anticipated. The Treaty came late after the abolition of the preferential tariffs, and it was disturbed by major events (the crisis of 1857; the American Civil War). After the treaty, recovery of the American currency reconstruction, proximity of the two countries, a new boom in foreign investment in Canada, etc., combined to reduce considerably the potential blow to Canada of the Abrogation. The agreement lasted for twelve years and was finally overwhelmed by the rising tide of protectionism and commercial jealousies and political hostilities of the time.Reciprocity, Confederation, the Nation Policy, the St. Lawrence Seaway (1840/1950), the National Corporations, the pipelines are all the elements of the same continuum: economic and political integration of isolated markets in North America.
La politique commerciale fédérale et l’économie québécoise
Authors: Tremblay Rodrigue 
Published: July 2012

It is argued in this paper that both normative and objective considerations must be taken into consideration in the formulation of tariff policy. Moreover, it is shown that static and partial equilibrium analyses can be disastrously misleading in guiding the framing of tariff policy.
Regarding the regional impact of tariffs, it is shown that within a monetary union, interregional trade flows reflect absolute production and transport cost advantages and that the non-realization of perfect domestic mobility of factors of production entails social and private adjustment costs that must be reckoned with in the cost-benefit analysis of any shift in trade policy.
From the standpoint of Quebec, a French-speaking political entity, the Canadian trade area is far from being optimal. The tendency for Canadian market-oriented economic activity to polarize in Ontario behind tariff walls, accompanied by a large movement of foreign enterprises, pushes the Quebec economy towards the least attractive and the most vulnerable industries among those oriented towards the Canadian common market. A rationalization of these laggard Quebec industries and an up-grading of resources-oriented economic activity would then benefit from the removal of both Canadian and American tariffs. Among Canadian trade options, therefore, Quebec would potentially benefit most from a gradual move toward a North-American free trade area, with ad hoc measures for certain industries, but should reject the world-wide free trade and unilateral free trade options because of the serious industrial dislocations and factors of production outflows they would create.
Critique de la position du Conseil économique du Canada sur le libre-échange unilatéral
Authors: Shearer Ronald 
Published: July 2012

In this article, the author proposes to focus on two related questions: Does the Economic Council's analysis suggest major theoretical errors in—or perhaps major theoretical challenges to—received doctrine on the nature of the impact of a unilateral removal of Canadian barriers to international trade? To what extent do the Economic Council's findings alter, extend or refine earlier quantitative assessments of the effects of unilateral free trade.
The Council's analysis of the option of unilateral free trade is very brief. A very useful analysis of aspects of this option in the Dauphin study gets very little attention in the report itself. The conclusions on unilateral free trade are very much in the mainstream of Canadian thought on this matter, with perhaps some scaling down of the benefits imputed to unilateral tariff removal. The author finds two serious flaws in the otherwise useful discussion: a failure to give sufficient attention the implications of unilateral free trade for income redistribution within the country, and, in examining the implications of free trade for the long run structure of the economy, a failure to consider explicitly and thoroughly the interaction between the tariff and population and labour force growth, as suggested by Dales.
La loi des coûts comparatifs : proposition vraie, mais non triviale
Authors: Eastman H. C. 
Published: July 2012

The case for free trade by the Economic Council of Canada rests on established economic analysis respecting the effect of free trade on industrial organization to induce rationalization, on factor prices to induce international specialization and on innovation to raise productivity and eventually reduce foreign ownership. These effects are not measurable exactly. Hence decision to act requires faith in the reliability of abstract reasoning and comprehension of the logical validity of the theory of comparative advantage.
Urgency in adopting free trade policy exists because the spread of common markets is inducing rationalization and specialization elsewhere, because low wage rate countries are developing rapidly in standardized productivity owing to the temporary boom in Canadian exports of oil and gas.
Multilateral free trade is unlikely to be achieved in the short-term owing to the disinterest of the principal nations and Canada should reduce its tariffs unilaterally. The political possibility of such a policy is increased by growing public distrust of interventionism.
Le Conseil économique et l’impact régional de la politique commerciale
Authors: Sinclair A. M. 
Published: July 2012

Given that there are a number of possible models of the regional impact of a tariff, one would have hoped that the Council would have attempted to test the standard ones and/or to have developed new and better ones. After almost forty years Mackintosh's model is still probably the most persuasive model of the long run impact of the tariff in Canada. The Council in its main report has been largely content to repeat and to some extent to confuse elements of the conventional wisdom on the subject. Interesting points have been made in some of the background studies, particularly, among the studies reviewed, by Postner and by Dauphin.
At a general level, the Council has failed to integrate its recommendations concerning tariff policy into the general framework of regional policy in this country. Specifically, the Council fails to consider explicitly that on "second best" grounds the elimination of tariffs may not lead to an improvement in resource allocation, nor does it consider in any detail policies which would be preferable to tariffs to achieve regional (and other) objectives which require intervention by the government. For a study which suggests that free trade would bring gains of at least five per cent of GNP, or over $8 billion per year at current levels of production, it would be unfortunate if a certain naïveté in exposition of the free trade case were to consign the document to the political dust-bin.
Examen critique de quelques hypothèses sous-jacentes à la nouvelle politique commerciale suggérée par le Conseil économique du Canada
Authors: Nappi Carmine 
Published: July 2012

This paper criticizes some optimistic hypotheses implied by the Economic Council in proposing its new commercial policy for Canada.
More specifically, it shows why the Samuelsonian free trade model has been misused by the Council and that its reasons for explaining the weak comparative productivity of the Canadian secondary sector are clearly insufficient. Also, the Council underestimates the total costs of the proposed policy and its regional effects.
The paper suggests that the Council's recommendation would be more politically acceptable if it could demonstrate that the new policy will not continue to benefit only the Ontarian peninsula. It would also help if the Council could name the industries able in the medium term to absorb the factors displaced by the tariff elimination, and if it could refute the proposition that more free trade sectorial tests are needed before adopting the proposed very general commercial policy.
Activités tertiaires et hiérarchies urbaines : une évaluation de six méthodes d’analyse
Authors: Ouellet Normand , Polèse Mario 
Published: July 2012

Urban and regional economists are often asked to construct central place models which will properly describe the urban hierarchy (in terms of the service sector) of the region which they are studying. In all such studies, the chief analytical problem is basically one of correctly defining (and measuring) tertiary activity and of correctly weighting the various functions which make up the service sector.
In this paper, the authors review six alternative methods for measuring and weighting tertiary functions. The mathematical and conceptual properties of each approach are discussed and evaluated. In the second part of the article, the authors compare the actual results obtained by these alternative methods, using data on the Quebec urban system to test their results. They conclude that no one method is entirely satisfactory, each approach measuring a part of reality. But some methods do nevertheless seem to perform better than others: in this respect, the use of localization coefficient type approach seems generally to give the least biased results.
Économies d’échelle dans les opérations des caisses populaires du district de Québec
Authors: Khoury Nabil T. 
Published: July 2012

The application of the computer to the servicing of deposit accounts at banks and non-bank financial intermediaries is a fairly recent development. Most empirical studies of economies of scale in this industry date prior to this technological transition. There is one notable exception, however, and that is the study by D. L. Daniel, W. A. Longbrake and N. B. Murphy (1972), in which they reported economies of scale in the servicing of checking deposits for computerized banks, especially when the number of such accounts exceeds the 10,600 mark. The present study examines the issue for a different type of computer-using deposit institution, namely: a sample of 128 Canadian Credit Unions located in the district of Quebec and referred to as the "Caisses Populaires" (C.P.'s). These institutions were chosen for the study because they present some unique characteristics and also because they were among the first Canadian financial institutions to computerize the servicing of their deposit operations.
Following G. J. Benston (1970) and F. Bell and N. Murphy (1968), the data has been tested using two different models. The empirical results of both tests indicate that computerization did not generate any economies of scale in the checking deposit accounts. Further analysis reveals that the potential economies of scale were captured by the lessor of the equipment through a financial arrangement tying the rent to the number of cheking accounts to be serviced.
Trois bicentenaires : Hume, Condillac, Smith. Adam Smith entre le marginalisme et le marxisme
Authors: Pelletier Gérard-R. 
Published: July 2012

It is not easy to understand why, and how, orthodox economists who do not believe either in the labor-theory or in the cost-theory of value, continue to favor Adam Smith's Wealth of Nations, but forget such economists as Condillac, whose value theory is nearer to theirs and whose bicentenary we also commemorate.
Adam Smith, it is submitted, is still interesting but for reasons far enough from orthodox economic theory. Smith is in fact, according to some recent interpretations, more of a welfare economist, concerned with moral values, than a partial analysis economist: his theory of value derives from ethical considerations following Hume and keeps its normative flavor throughout instead of being solely a tentative explanation of prices. Some apparently contradictory assertions about value could thus be reconciled in a unifying theory, as explained by such authors as Lindgren (1973) or Rieseman (1976).
If it is possible to reconcile many apparently contradictory views in Adam Smith's works, thanks to a more holistic approach, it is suggested that a similar approach could be applied to a more controversial economist, Karl Marx, whose career may be compared to that of Smith in many respects.
Une théorie réaliste des prix et de la production
Authors: Beach E. F. 
Published: July 2012

The assumption of a single price at any time is very generally imposed on market theorizing. It is unrealistic, but generally accepted because of the needs of welfare theory, and of current theoretical methods. In order to evaluate the significance of the loss in realism from the use of this assumption, it seems to be worthwhile to start with the other extreme of complete ignorance in a market, and allow buyers and sellers to pair off at random, allowing a diversity of prices. It is very interesting that in such a "blind market" the quantity traded tends to be larger, by about 44 per cent.
The theory of such a market can be based on a Marshallian industry, and many different versions are suggested. The theory does seem to give useful insight into the results of imposing uniform pricing by barbers, and uniform wage rates in labour markets. The loss in trade and employment seems to be great enough that we should examine a little more carefully the arguments that have been accepted so easily that such uniformity implies greater equity.
Distribution des revenus et développement : quelques faits stylisés
Authors: Ahluwalia Montek S. 
Published: July 2012

In recent years, the relationship between income distribution and the process of development has come under increasing scrutinity. Much of the debate has focused on the hypothesis, originally advanced by Simon Kuznets, that the secular behavior of inequality follows an inverted U shaped pattern which inequality first increasing and then decreasing with development. This hypothesis has become so much a part of the conventional wisdom on this subject that it has generated considerable skepticism about the welfare implications of the development process. Indeed, on some interpretations, developing countries face the grim prospect not just of increasing relative inequality, but also of declining absolute incomes for the lower income groups.
The object of the article is to re-examine the empirical basis for this hypothesis using a recent compilation of cross-country data made at the World Bank. The author uses multiple regression to estimate cross country relationships between inequality, as reflected in the income shares of various percentile groups, and selected explanatory variables reflecting different aspects of the development process. The results suggest that while there may be a secular time path for inequality which developing countries must traverse and which contains a phase of increasing inequality, there is at least no evidence that faster growing countries show higher inequality at the same level of development than slower growing countries.
L’efficacité, l’égalité, l’équité et la répartition personnelle des revenus
Authors: Henry Jacques 
Published: July 2012

The analysis of the impact of economic policy and of the process of growth on personal income distribution is getting greater priority in the literature. Such an analysis cannot usefully be pursued in the light of efficiency considerations alone; it must also take equality and equity into account. Equity is defined here as a characterization of a state of affairs in terms of three parameters: (1) the choice of a distributive norm, (2) the specification of what is to be distributed, and (3) a measure of the degree of inequality that exists. A general "equity function" (E) is defined, whose particular form reflects the chosen distributive norm, and whose two arguments are the sum total to be distributed and a measure of the inequality that characterizes the distribution of that sum. Then, a number of critera of distributive justice are compared, and the criteria based on the relative and absolute income gaps are found to be the most useful. This suggests the formulation of an "equity index" (e) which is sensitive to both growth, relative inequality and absolute inequality. Unsurprisingly, empirical estimates show that the "equity index" has risen in socialist countries and fallen in non-socialist countries as a group. The "equity index" is also estimated for a number of individual countries, but the results are difficult to interpret without an in depth analysis of the circumstances of each country.
La nature du progrès technique et la substitution des facteurs dans les pays en voie de développement
Authors: Hawrylyshyn Oli 
Published: July 2012

The first part of the paper presents a new typology of direction of technological progress which is more suited to the problem of employment in developing countries, and factor substitution effects. An alternative to elasticity of substitution is proposed as providing more insights into the employment problems, namely the "range of substitution". The main conclusions here are that labour-saving technological progress as usually defined does not necessarily mean a reduced scope for substitution, contrary to the popular view of the technological determinist, but that nevertheless the most desirable direction of progress is in the neighborhood of the labour-intensive ridge line. The second part of the paper then considers how progress can be so directed. First, technological progress is narrowly defined not as a shift of the isoquant but as a movement of a particular process-point on the isoquant, reflecting the practical nature of R&D.
Concluding that new technology is the result of efforts and resources denoted to a process, the paper infers from that the following policy implication: to improve employment opportunities, R&D resources must be oriented to labour-intensive processes, either by incentives or more explicitly. As a cautionary note, it is suggested factor prices do nevertheless matter, and technical efficiency is still an important criterion.
Une analyse économétrique du comportement d’intermédiation financière des sociétés de crédit populaire : le cas des caisses populaires
Authors: Chateau Jean-Pierre D. 
Published: July 2012

Considering the Caisses populaires as a financial system, we propose an econometric model of its consolidated balance sheet built around the following four major blocks. The first one presents a dynamic sub-model of the Caisses' asset portfolio, which emphasizes their intermediation among assets on the basis of the latter interest rates. In a second block, these rates are endogenized with respect to the key variables of both the real and monetary sectors of the economy. On the liability side, the Caisses' deposit market is dealt with in a third block, namely a demand for deposits or flow equation and a supply of deposits or rate setting operation. Finally, adjustment equations for the balance sheet items not already considered, are grouped in a fourth block. The overall model is dynamized through the deposit equation.
From the model's econometric estimation, we arrive at the following conclusions about financial management and liquidity policies. On the asset side of the balance sheet, the Caisses aim mainly at satisfying their members' needs for mortgages and, to a lesser but growing degree, for consumer loans. Next, for the funds remaining after satisfying internal needs, the institution proceeds to some sort of secondary, medium-term intermediation, then preferring quasi-liquid and higher yielding bonds to reserves. On the liability side, the Caisses seem to set their rate on deposits on the basis of the one for chartered banks (price leadership) as well as on the basis of the most representative asset rates, i.e. the ones on consumer and mortgage loans. Finally, the public demand for the Caisses' deposits, is more a function of the borrowing privileges offered to the members than of the intrinsic competitive rate paid on them.