SELECTED BmLIOGRAPHY

Additional references may be found in the endnotes. This bibliography lists all items from the main body of the text, plus additional important references.

Agmon, Tamir, and Kindleberger, Charles P. Multinationals/rom Small Countries. Cambridge, Mass.: M.LT. Press, 1977.

Aliber, Robert Z. "A Theory of Direct Foreign Investment." In The International Corporation, edited by Charles P. Kindleberger. Cambridge, Mass.: M.LT. Press, 1970.

___ . "The Integration of National Financial Markets: A Review of Theory and Findings." Welwirtscha/tliches Archiv 114 (September 1978): 448-479.

___ . Exchange Risk and Corporate International Finance. London and Basing­stoke: Macmillan, 1978.

Bandera, V. N., and White, J. T. "U.S. Direct Investment and Domestic Markets in Europe." Economia Internazionale 21 (February 1968): 117-133.

Barber, Clarence L. "Presidential Address: A Sense of Proportion." Canadian Journal 0/ Economics 6 (November 1973): 467-482.

___ . "The Customs Union Issue." In Options. Toronto: University of Toronto, 1978, pp. 213-232.

Barnet, Richard J., and Muller, Ronald E. Global Reach: The Power 0/ the Multi­national Corporations. New York: Simon and Schuster, 1974.

178

SELECTED BIBLIOGRAPHY 179

Barrow, B. G. "Notes for an Address to the Frankfurt, West Germany, Conseil General de I'Industrie of Quebec." 1975.

Bergsten, C. Fred; Horst, Thomas; and Moran, Theodore H. American Multination­als and American Interests. Washington, D.C.: The Brookings Institution, 1978.

Blake, Gordon. Customs Administration in Canada: An Essay in Tariff Technol­ogy. Toronto: University of Toronto Press, 1957.

Boadway, R. W., and Treddenick, J. M. The Impact of the Mining Industries on the Canadian Economy. Kingston, Ontario: Centre for Resource Studies, Queen's University, 1977.

Bonomo, V., and Tanner, E. J. "Canadian Sensitivity to Economic Cycles in the United States." Review of Economics and Statistics (February 1972): 1-8.

Booth, E. J. R., and Jensen, O. W. "Transfer Prices in the Global Corporation under Internal and External Constraints." Canadian Journal of Economics 10 (August 1977): 434-446.

Branson, William H. Financial Capital Flows in the U. S. Balance of Payments. Amsterdam: North-Holland, 1968.

Brown, W. R. "Islands of Conscious Power: MNCs in the Theory of the Firm." MSU Business Topics (Summer 1976): 37-54.

Bruck, Nicholas K., and Lees, Francis A. "Foreign Investment, Capital Controls and the Balance of Payments." The Bulletin, New York University Graduate School of Business Administration Institute of Finance, No. 48-49 (April 1968).

Buckley, Peter, and Casson, Mark. The Future of the Multinational Enterprise. Basingstoke and London: Macmillan, 1976. .

Burns, R. M. Conflict and Its Resolution in the Administration of Mineral Re­sources in Canada. Kingston, Ontario: Centre for Resource Studies, Queen's University, 1977.

Byleveld, Herbert C. "Foreign Investment Review Act: Now Fully Hatched." The Canadian Banker 82 (November-December 1975): 25-29.

Cairns, R. D. "Ricardian Rent and Manitoba's Mining Royalty." Canadian Tax Journal 25 (September-October 1977): 558-567.

Canadian Forum. "A Citizen's Guide to the Herb Gray Report." December 1971. Casson, Mark. "A Theory of International Entrepreneurship." Mimeographed.

University of Reading, Department of Economics, 1978. ___ . Alternatives to the Multinational Enterprise. London: Macmillan, 1979. Caves, Richard E. "International Corporations: The Industrial Economics of For­

eign Investment." Economica 38 (February 1971): 1-27. ___ . Diversification, Foreign Investment and Scale in North American Manu­

facturing Industries. Ottawa: Information Canada, 1975. Caves, Richard E., and Reuber, Grant L. Capital Transfers and Economic Policy:

Canada 1951-1962. Cambridge, Mass.: Harvard University Press, 1971. Chambers, Winston G. "Transfer Pricing, The Multinational Enterprise and Eco­

nomic Development." Mimeograph, Department of Energy, Mines and Resources, Ottawa, 1975.

Clement, Wallace. The Canadian Corporate Elite: An Analysis of Economic Power. Toronto: McClelland and Stewart, 1975.

___ . Continental Corporate Power. Toronto: McLelland and Stewart, 1977.

180 SELECTED BIBLIOGRAPHY

Coase, Ronald H. "The Nature of the Firm." Economica (1937): 386-405. Cohen, Benjamin 1. "Foreign Investment by U. S. Corporations as a Way of Reduc­

ing Risk." Mimeographed, Yale University, Economic Growth Center Discus­sion Paper. No. 151, September 1972.

__ ~. Multinational Firms and Asian Exports. New Haven, Conn.: Yale Univer­sity Press, 1975.

Cohen, John, and Krashinsky, Michael. "Capturing the Rents on Resource Land for the Public Landowner: The Case for a Crown Corporation." Canadian Pub­lic Policy-Analyse de Politiques 2 (Summer 1976): 411-423.

Copithorne, L. W. "International Corporate Transfer Prices and Government Pol­icy." The Canadian Journal of Economics 4 (August 1971): 324-341.

Corden, Max. Trade Policy and Economic Welfare. Oxford: Oxford University Press, 1974.

Dales, John H. The Protective Tariff in Canada's Development. Toronto: Univer­sity of Toronto Press, 1966.

Daly, D. J., and Globerman, S. Tariff and Science Policies: Applications of a Model of Nationalism. Toronto: University of Toronto Press, 1976.

Daly, D. J.; Keys, B. A.; and Spence, E. J. Scale and Specialization in Canadian Manufacturing. Staff Study No. 2, Economic Council of Canada, Ottawa, 1968.

Dauphin, Roma. The Impact of Free Trade in Canada. Ottawa: Supply and Ser­vices, Canada, 1978.

Dow, Alexander. "International Minerals Policy Should be Adopted by Canada." International Perspectives (November-December 1977): 19-25.

Dunning, John H. American Investment in British Manufacturing Industry. London: AlIen and Unwin, 1958.

__ ~, ed. The Multinational Enterprise. London: AlIen and Unwin, 1971. __ ~. "The Determinants of International Production." Oxford Economic

Papers 25 (November 1973): 289-336. __ ~. "Trade, Location of Economic Activity and the MNE: A Search for an

Eclectic Approach." In The International Allocation of Economic Activity, edited by BertiI Ohlin et al. Proceedings of a Nobel Symposium held at Stockholm. London: MacmiIIan Press, 1977.

Eastman, H. C. "The Canadian Tariff and the Efficiency of the Canadian Tariff." American Economic Review 54 (May 1964).

Eastman, H. C., and StykoIt, S. The Tariff and Competition in Canada. Toronto: MacmiIIan, 1967.

Economic Council of Canada. Looking Outward: A New Trade Strategy. Ottawa: Information Canada, 1975.

__ ~ . Living Together: A Study of Regional Disparities. Ottawa: Supply and Ser­vices Canada, 1977.

Eden, Lorraine. "Vertically Integrated Multinationals: A Microeconomic Anal­ysis." Canadian Journal of Economics 11 (August 1978): 534-546.

English, Edward H.; WiIkinson, Bruce W.; and Eastman, H. C. Canada in a Wider Economic Community. Toronto: University of Toronto Press, 1972.

SELECTED BIBLIOGRAPHY 181

Erickson, Edward W., and Waverman, Leonard. The Energy Question. Toronto: University of Toronto Press, 1974.

Fayerweather, John. Foreign Investment in Canada. Toronto·: Oxford University Press, 1974.

Floyd, John E. "International Capital Movements and Monetary Equilibrium." American Economic Review 59 (September 1969): 472-493.

___ . "Monetary and Fiscal Policy in a World of Capital Mobility." Review of Economic Studies 36 (October 1969): 503-517.

Foreign Investment Review Agency. Annual Report 1974-1975. Ottawa: Informa­tion Canada, October 1975.

Gagne, Wallace. Nationalism, Technology and the Future of Canada. Toronto: Macmillan, 1976.

Giddy, lan H. "Devaluations, Revaluations and Stock Market Prices." Unpub­lished doctoral dissertation, University of Michigan, 1974.

___ . "The Cost of Capital in the International Firm." Columbia University, Graduate School of Business Research Working Paper (August 1977).

___ . "The Demise of the Product Cycle Model in International Business The­ory." Columbia Journal of World Business 13 (Spring 1978): 90-97.

Giddy, lan H., and Rugman, Alan M. "A Model of Trade, Foreign Direct Invest­ment and Licensing." Mimeographed, Graduate School of Business, Columbia University, 1979.

Gould, J. "Internal Pricing in Firms where There are Costs of Using an Outside Market." Journal of Business 37 (1964): 61-67.

Government of Canada. Foreign Direct Investment in Canada. Ottawa: Informa­tion Canada, 1972.

Grubel, Herbert G. "Internationally Diversified Portfolios: Welfare Gains and Capital Flows." American Economic Review 58 (December 1968): 1299-1314.

___ . "The Private and Social Rates of Return from U.S. Asset Holdings Abroad." Journal of Political Economy 82 (May-June, 1974): 469-488.

Grubel, Herbert G., and Sam Sydneysmith. "The Taxation of Windfall Gains on Stocks of Natural Resources." Canadian Public Policy 1 (Winter 1975): 13-29.

Heisey, Alan. The Great Canadian Stampede. Toronto: Griffin House, 1973. Hirsch, Seev. "An International Trade and Investment Theory of the Firm."

Oxford Economic Papers 28 (July 1976): 258-270. Hirschleifer, J. "On The Economics of Transfer Pricing." Journal of Business 29

(1956): 172-184. Holland, Daniel M., and Myers, Stewart, C. "Trends in Corporate Profitability and

Capital Costs." Mimeographed, Working Paper No. 937-77, Sloan School of Management, M.LT., 1977.

Hood, Neil, and Stephen Young. The Economics of Multinational Enterprise. London: Longman, 1979.

Horst, Thomas. "The Theory of the Multinational Firm: Optimal Behaviors Under Different Tariff and Tax Rates." Journal of Political Economy 79 (1971): 1059-1072.

182 SELECTED BIBLIOGRAPHY

___ . "The Industrial Composition of U .S. Exports and Subsidiary Sales to the Canadian Market." American Economic Review 62 (March 1972): 37-45.

___ "Theory of the Firm." In Economic Analysis and the Multinational Enter­prise, edited by John H. Dunning. London: AlIen and Unwin, 1974.

___ . "American Taxation of Multinational Corporations." American Eco­nomic Review 67 (June 1977): 376-389.

Howarth, George. "Foreign Investment Review Act Not Material Change in Atti­tude." The American Banker (March 12, 1976a).

___ Notes for Remarks to the Committee on Finance, Trade and Economic Affairs, March 25, 1976b.

Hufbauer, Gary C. "The Multinational Corporation and Direct Investment." In International Trade and Finance, edited by Peter B. Kenen. New York: Cambridge University Press, 1975, pp. 253-320.

Hymer, Stephen H. The International Operations of National Firms: A Study of Direct Foreign Investment. Cambridge, Mass.: M.LT. Press, 1976.

Jenkins, Glenn P. "The Measurements of Rates of Return and Taxation from Pri­vate Capital in Canada." Mimeographed, Harvard University Institute of Eco­nomic Research Discussion Paper No. 282, 1973a.

___ . "Measurement of the Gains and Losses from Foreign Investment." Mimeographed, Harvard University Institute of Economic Research Discussion Paper No. 283, 1973b.

Johnson, Harry G. The Canadian Quandary: Economic Problems and Policies. Toronto: McGraw-Hill, 1963.

___ . "The Efficiency and Welfare Implications of the International Corpora­tion." In The International Corporation, edited by Charles P. Kindleberger. Cambridge, Mass.: M.LT. Press, 1970, pp. 35-56.

__ . Aspects of the Theory of Tariffs. London: AlIen and Unwin, 1971. ___ . Technology and Economic Interdependence. London: Macmillan, 1975. Kierans, Eric. Report on Natural Resources Policy in Manitoba. Winnipeg,

Manitoba: Secretariat for the Planning and Priorities Committee of Cabinet, Government of Manitoba, 1973.

Kindleberger, Charles P. American Business Abroad: Six Lectures on Direct Invest­ment. New Haven, Conn., and London: Yale University Press, 1969.

Knickerbocker, Frederick T. Oligopolistic Reaction and Multinational Enterprise. Cambridge, Mass.: Harvard University Press, 1973.

Kojima, Kiyoshi. Direct Foreign Investment: A Japanese Model of Multinational Business Operations. London: Croom Helm, 1978.

Krueger, Anne O. "Balance of Payments Theory." Journal of Economic Literature 7 (March 1969): 1-26.

Lall, Sanjaya. "Transfer Pricing by Multinational Manufacturing Firms." Oxford Bulletin of Economics and Statistics 35 (August 1973): 173-195.

Lamfalussy, Alexandre. Investment and Growth in Mature Economies. Oxford: Basil BlackwelI and Mott, 1961.

Laxer, James. Canada's Energy Crisis. Edmonton: Hurtig, 1972. Lee, C. H. "A Stock Adjustment Analysis of Capital Movements: The U.S.-Cana­

dian Case." Journal of Political Economy 77 (July 1969): 512-523.

SELECTED BIBLIOGRAPHY 183

Leff, Nathaniel H. "Industrial Organization and Entrepreneurship in the Develop­ing Countries: The Economic Groups." Economic Development and Cultural Change 26 (July 1978): 661-675.

Lessard, Donald R. "Transfer Prices, Taxes and Financial Markets: Implications of Internal Financial Transfers within the Multinational Firm." Mimeographed, M.LT. Working Paper No. 919-977, April, 1977.

Levitt, Kari. Silent Surrender: The Multinational Corporation in Canada. Toronto: Macmillan, 1970.

Litvak, LA.; Maule, C. J.; and Robinson, R. D. Dual Loyalty: Canadian-U.S. Business Arrangements. Toronto: McGraw-Hill, 1971.

Logue, Dennis E.; Salant, Michael A.; and Sweeney, Richard James. "International Integration of Financial Markets: Survey, Synthesis, and Results." In Eurocur­rencies and the International Monetary System, edited by Carl H. Stem; John H. Makin; and Dennis E. Logue. Washington, D.C.: American Enterprise Institute for Public Policy Research, 1976, pp. 91-137.

Lyon, Peyton V. Canada-United States Free Trade and Canadian Independence. Ottawa: Information Canada, 1975.

MacDougall, G. D. A. "The Benefits and Costs of Private Investment from Abroad: A Theoretical Approach." Economic Record 36 (1960): 13-35.

Machlup, Fritz; Salant, WaIter S.; and Tarshis, Lorie. International Mobility and Movement of Capital. New York: Columbia University Press, 1972.

MacKenzie, Brian W. "Economic Characteristics of Base Metal Investment in Can­ada and the Effect of Mining Taxation Systems." Mimeographed, Kingston, Ontario: Centre for Resource Studies, Queen's University, 1977.

Magee, Stephen P. "Multinational Corporations, the Industry Technology Cycle and Development." Journal of World Trade Law 11 (July-August 1977): 297-321.

___ . "Information and the Multinational Corporation: An Appropriability Theory of Direct Foreign Investment," in The New International Economic Order, edited by J. N. Bhagwati. Cambridge Mass.: M.LT. Press, 1977, pp. 317-340.

Marchak, Patricia. In Whose Interests? Toronto: McClelland and Stewart, 1979. Mathewson, G. F., and Quirin, G. D. Fiscal Transfer Pricing in Multinational Cor­

porations. Toronto: University of Toronto Press, 1979. McFetridge, D. G. Government Support of Scientific Research and Development:

An Economic Analysis. Toronto: University of Toronto Press, 1977. McKern, R. B. Multinational Enterprise and Natural Resources. Sydney: McGraw­

Hill, 1976. McManus, John. "The Theory of the International Firm." In The Multinational

Firm and the Nation State, edited by Gilles Paquet. Toronto: Collier-Macmillan, 1972, pp. 66-93.

Melvin, J. R. "Increasing Returns to Scale as a Determinant of Trade." Canadian Journal of Economics 2 (November 1969): 389-402.

___ . "Commodity Taxation on a Determinant of Trade." Canadian Journal of Economics 3 (February 1970): 62-78.

Mundell, Robert A. International Economics. New York: Macmillan, 1968.

184 SELECTED BIBLIOGRAPHY

Musgrave, Peggy B. United States Taxation of Foreign Investment Income: Issues and Arguments. Cambridge, Mass.: Harvard Law School International Pro­gram, 1969.

Nieckels, Lars. Transfer Pricing in Multinational Firms. Stockholm: Almqvist and Wiksell, 1976.

Norrie, K. H. "Some Comments on Prairie Economic Alienation." Canadian Pub­lic Policy 2 (Spring 1976): 211-224.

Ontario Economic Council. National Independence. Toronto: University of Toronto Press, 1976.

Paquet, Gilles. The Multinational Firm and the Nation State. Don Mills, Ontario: Macmillan, 1972.

Parry, Thomas G. "The International Firm and National Economic Policy: A Sur­vey of Some Issues." The Economic Journal 83 (December 1973): 1201-1221.

Pattison, J. C. Financial Markets and Foreign Ownership. Toronto: Ontario Eco­nomic Council, 1978.

Penner, R. G. "Policy Reactions and the Benefit of Foreign Investment." Canadian Journal of Economics 3 (May 1970): 213-222.

Perlmutter, H. "The Tortuous Evolution of the Multinational Corporation." Columbia Journal of World Business 4 (January-February 1969): 9-18.

Plasschaert, Sylvain R. F. Transfer Pricing and Multinational Corporations. Farn­borough: Saxon House, 1979.

Porter, Michael G. "International Interest Rate Differentials Interpreted as Behav­ior Towards Exchange Rate Expectations." International Monetary Fund Staff Papers 8 (November 1971): 613-645.

Ray, Edward John. "The Choice Between Licensing and Foreign Direct Invest­ment." Mimeographed, Ohio State University, April 1977.

Reuber, Grant L., and Roseman, Frank. "International Capital Flows and the Take-over of Domestic Companies by Foreign Firms: Canada 1945-1961." In International Mobility and Movement of Capital, edited by Fritz Machlup; Waiter Salant; and Lorie Tarshis. New York: Columbia University Press, 1972.

Robbins, Sidney M., and Stobaugh, Robert B. Money in the Multinational Enter­prise. New York: Basic Books, 1973.

Robinson, Richard D. National Control of Foreign Business Entry: A Survey of Fif­teen Countries. New York: Praeger, 1976.

Robock, S. H.; Simmonds, K.; and Zwick, J. International Business and Multina­tional Enterprises. Homewood, Illinois: Irwin, 1977.

Ronstadt, Robert. Research and Development Abroad by U.S. Multinationals. New York: Praeger, 1977.

Rosenbluth, Gideon. "The Relation Between Foreign Control and Concentration in Canadian Industry." Canadian Journal of Economics 3 (February 1970): 14-38.

Rotstein, Abraham, and Lax, Gary, eds. Independence: The Canadian Challenge. Toronto: McClelland and Stewart, 1972.

Rugman, Alan M. "The Costs of Independence." Mimeographed, University of Winnipeg, November 1973.

SELECTED BIBLIOGRAPHY 185

___ . "Motives for Foreign Investment: The Market Imperfections and Risk Di­versification Hypotheses." Journal of World Trade Law 9 (September-October 1975): 567-573.

___ . "The Foreign Ownership Debate in Canada." Journal of World Trade Law 10 (March-April 1976a): 171-176.

___ . "Free Trade and Canadian Independence." Canadian Public Administra­tion 19 (Summer 1976b): 308-311.

___ . "Risk Reduction by International Diversification." Journal of Internation­al Business Studies 7 (Fall 1976c): 75-80.

___ . "The Regulation of Foreign Investment in Canada." Journal of World Trade Law 11 (July-August 1977a): 322-333.

___ . "Risk, Direct Investment and International Diversification." Weltwirt­schaftliches Archiv 113 (September 1977b): 485-500.

___ . "International Diversification by Financial and Direct Investment." Jour­nal of Economics and Business 30 (October 1977c): 31-37.

___ . "Risk and Return in the Canadian Mining Industry." Working Paper No. 2. Kingston, Ontario: Centre for Resource Studies, Queen's University, 1977d.

___ . International Diversification and the Multinational Enterprise. Lexington: D. C. Heath, 1979.

___ . "Internalization as a General Theory of Foreign Direct Investment." Grad­uate School of Business, Columbia University. Research Working Paper No. 218A, April 1979. Forthcoming in Welwirtschaftliches Archiv (Review of World Economics) 1980a.

___ . "Transfer Pricing Problems of Multinational Corporations." In Function­ing of The Multinational Corporation, edited by Anant R. Negandhi. New York: Pergamon, 1980b.

Safarian, A. E. Foreign Ownership of Canadian Industry. Toronto: McGraw-Hill, 1966. 2nd. edition, University of Toronto Press, 1973.

___ . "Policy on Multinational Enterprises in Developed Countries." Canadian Journal of Economics 11 (November 1978): 642-655.

___ . "Foreign Ownership and Industrial Behaviour: A Comment on 'The Weakest Link.' " Canadian Public Policy 5 (Summer 1979): 318-335.

Scaperlanda, Anthony E., and Mauer, Lawrence Jay. "The Determinants of U.S. Direct Investment in the E.E.C." American Economic Review 59 (September 1969): 558-568.

Shapiro, Alan. "Financial Structure and The Cost of Capital in the Multinational Corporation." Journal of Financial and Quantitative Analysis 13 (June 1978): 211-226.

Shearer, Ronald A.; Young, John H.; and Munro, Gordon R. Trade Liberalization and a Regional Economy: Studies on The Impact of Free Trade on British Co­lumbia. Toronto: University of Toronto Press, 1971.

Sykes, Philip. Sellout. Edmonton: Hurtig, 1973. Teece, David J. The Multinational Corporation and The Resource Cost of Interna­

tional Technology Transfer. Cambridge, Mass.: Ballinger, 1976.

186 SELECTED BIBLIOGRAPHY

Thomas, D. Babatunde. Importing Technology into Africa: Foreign Investment and The Supply of Technological Innovations. New York: Praeger, 1976.

Vaitsos, Constantine. Intercountry Income Distribution and Transnational Enter­prise. Oxford: Oxford University Press, 1974.

Vernon, Raymond. "International Investment and International Trade in the Prod­uct Cycle." Quarterly Journal of Economics 30 (May 1966): 190-207.

__ . Sovereignty at Bay: The Multinational Spread of United States Enterprises. New York: Basic Books, 1971.

___ . Storm over the Multinationals: The Real Issues. London and Basingstoke: Macmillan, 1977.

Viner, Jacob. Canada's Balance of International Indebtedness, 1900-1913. Toron­to: McLelland and Stewart, 1975.

Wahn Report. Eleventh Report of The Standing Committee on Defence and Exter­nal Affairs Respecting Canada-U.S. Relations. Ottawa: Queen's Printer, 1970.

Watkins, M. et al. Foreign Ownership and The Structure of Canadian Industry. Re­port of the Task Force on The Structure of Canadian Industry. Ottawa: The Queen's Printer, 1968.

___ . "The Economics of Nationalism and The Nationality of Economics: A Cri­tique of Neo-Classical Theorizing." Canadian Journal of Economics 11 (Novem­ber 1978).

Waverman, L. "National Policy and Natural Gas: The Costs of a Border." Cana­dian Journal of Economics 5 (August 1972): 331-348.

West, E. C. Canada-United States Price and Productivity Differences in Manufac­turing Industries. Staff Study No. 32 for The Economic Council of Canada, 1971.

Wilkinson, Bruce. "Recent American Tax Concessions to Industry and Canadian Economic Policy." Canadian Tax Journal 20 (January-February 1972): 1-14.

Williams, James R. The Canadian-United States Tariff and Canadian Industry: A Multisectoral Analysis. Toronto: University of Toronto Press, 1978.

Wilton, David. "An Econometric Model of The Canadian Automotive Manufactur­ing Industry and The 1965 Automotive Agreement." Canadian Journal of Eco­nomics 5 (May 1972): 157-181.

Wonnacott, Paul. The Floating Canadian Dollar: Exchange Flexibility and Mone­tary Independence. Washington, D.C.: American Enterprise Institute, 1972.

Wonnacott, Ronald J. Canada's Trade Options. Ottawa: Information Canada, 1975.

Wonnacott, Ronald J., and Wonnacott, Paul. Free Trade Between The United States and Canada: The Potential Economic Effects. Cambridge, Mass.: Har­vard University Pr~ss, 1967.

Young, John H. Canadian Commercial Policy. Ottawa: The Queen's Printer, 1957.

INDEX

Adelman, M., 116 Agmon, Tamir, 58, 59 Aliber, Robert Z., 24, 25, 26, 30

Bandera, V. N., 23, 29 Barber, Clarence, L., 131 Barnet, R. J., 76 Barrow, B. G., 140 Bator, Francis M., 6 Bennett, Premier W., 118 Bergsten, C. Fred, 85 Blake, Gordon, 160 Boadway, R. W., 101, 102, 103 Boland, Lawrence A., 7 Bonomo, V., 23, 170 Booth, E. J. R., 91 Branson, William H., 18, 30 Brecher, Irving, 42 Breit, William, 6

INDEX OF NAMES

Breton, Albert, 113 Brown, W. R., 46 Bruck, Nicholas K., 32, 42 Buckley, Peter, 28, 34, 39,40,45,46,

57 Byleveld, Herbert C., 140

Cairns, R. D., 76, 78 Casson, Mark, 28, 34, 39, 40, 43, 44,

45,46,57 Caves, Richard, E., 13, 15, 23, 29, 34,

40, 45, 89, 142, 144, 157, 167, 172

Chambers, Winston G., 76, 78 Clement, Wallace, 76, 113 Coase, Ronald H., 28, 39, 45, 46, 57 Cohen, John, 111 Copithorne, L. W., 29, 91 Corden, Max, 61, 78

189

190

Dales, John H., 160 Daly, D. J., 7, 61, 112, 113, 114, 161,

162 Dasgupta, Ajit K., 6 Dauphin, Roma, 161 Dow, Alexander, 76, 78 Dunn, Robert M., 29, 172 Dunning, John H., 24, 28, 29, 30, 32,

34, 39, 42, 46, 57

Eastman, Harry, 81, 82, 157, 158, 161

Eden, Lorraine, 91 English, Edward H., 82, 153, 155-156,

157 Erickson, Edward W., 116

Fadner, Kenneth, 30 Fayerweather, John, 7, 129, 131 Ferguson, Charles E., 6 Floyd, J. E., 15, 17,24, 30 Friedman, Milton, 7

Galbraith, John K., 24, 29 Giddy, Ian H., 28, 49,57,83 Globerman, Stephen, 61, 113, 114 Gordon, Waiter, 110, 125 Gould, John P., 6, 91 Grubel, Herbert G., 16, 18, 19, 30, 76,

77-78, 81, 82, 83, 169

Hedlin-Menzies, 111 Heisey, Alan, 109-110, 120, 129,

131 Hirsch, Seev, 43, 45, 46, 48, 58 Hirschleifer, J., 91 Hochman, Harold M., 6 Hood, Neil, 11, 46 Horst, T., 29, 43, 45, 58, 78, 85, 91 Houthakker, H. S., 116 Howarth, Gorse, 134, 140 Hufbauer, Gary C., 58 Hymer, Stephen H., 13,26,28,29,34,

39,40-42, 57, 89

INDEX

Jenkins, Glenn P., 78, 81, 82, 169 Jensen, O. W., 91 Johnson, Harry G., 3, 6, 7, 13,26,29,

40,44,49,61, 110, 115, 159, 160

Keys, B. A., 161 Kierans, Eric, 76, 78, 111, 120,

130-131 Kindleberger, Charles P., 13,26,29,

30, 40, 58, 59, 89 Krashinsky, Michael, 111 Krauss, Melvyn, 6 Krueger, Anne 0., 141 Kwack, Sung Y., 21, 28

Lall, Sanjaya, 89, 92 Lax, Gary, 131 Laxer, James, 129, 131 Lee, C. E., 16, 20, 29 Lees, Francis A., 32, 42 Lessard, Donald R., 88, 91 Levitt, Kari, 3,76, 129, 131, 176 Levy, Haim, 19, 30 Lougheed, Premier P., 119 Lyon, Peyton V., 114, 115, 116

Machlup, F., 28 Magee, Steve, 34, 40, 44, 45, 55 Mansfield, Edwin, 6 Marchak, Patricia, 176 Markowitz, Harry, 80 Mathewson, G. F. 90, 91 Mauer, L. J., 21, 28, 29 McDougall, G. D. A., 78, 80 McManus, John, 46 Melvin, J. R., 33 Mill, John S., 160 Miller, Norman C., 20, 30 Moran, Theodore H., 85 Muller, Ronald, 76 Mundell, Robert A., 20, 157,

170 Murray, Alex, 127

INDEX

Nieckeis, Lars, 91

Parry, T. J., 26 Patinkin, Don, 17 Pattison, J .. C., 18 Pearch, D. W., 6 Penner, R. G., 14, 15 PentIand, C. C., 115 Perimutter, H., 32, 42 Pheips, D. M., 42 Plasschaert, Syivain R., 93, 94 Porter, Michaei G., 19,29 Prachowny, Martin F. J., 22, 28, 30

Quirin, G. D., 90, 91

Ray, Edward John, 57 Reisman, S. S., 42 Reuber, Orant L., 15,23,29, 133, 142,

144, 157, 172 Ricardo, D., 24, 34, 78 Richardson, J. David, 22, 29 Robinson, Richard D., 7 Robock, S. H., 32 Roseman, Frank, 133 Rosenbiuth, Gideon, 128, 131 Rotstein, Abraham, 3, 129, 131 Rugman, Alan M., 7, 14,25, 28, 32,

34, 42, 44, 49, 54, 58, 72, 76, 80,92,95,99, 130, 133, 137, 141, 144

Safarian, Ed., 7, 61, 128, 131, 133, 146

Samueison, Paul A., 113 Sarnat, M., 19, 30 Scaperianda, A. E., 20, 21, 28, 29 Scott, Robert Haney, 6 Shapiro, Aian, 83 Shearer, Ronaid A., 169

Smith, Adam, 176 Southam, 110 Southard, F. A., 42 Spence, E. J., 161 Spitaller, E., 28 Stevens, G. V., 22, 29 Stolper, W. F., 113 Stopford, John M., 29 Stykoit, S., 158, 161 Sydneysmith, Sam, 76

191

Sykes, Philip, 118, 119, 120, 129, 131

Tanner, Ernest, 23, 170 Teece, David J., 49 Thomas, Babstunde, 103, 120 Tobin, James, 80 Treddenick, J. M., 101, 102, 103

Vaitsos, Constantine, 88, 89, 90, 92 Vernon, Raymond, 13,29,32,42,88 Viner, J., 56

Wahn, Ian, 123, 125, 130 Walsh, Vivian, 6 Watkins, Mei, 3, 110, 130 Waverman, L., 116, 120, 168 Wells, Louis T., 29 West, E. C., 162 White, J. T., 23, 29 Whitman, Marina V. N., 20, 30 Wilkinson, Bruce, 82, 153, 154, 159 Williams, James R., 161, 167 Wiiton, David, 169 Wonnacott, Paul, 29, 81, 114, 156,

159, 161, 170, 172 Wonnacott, Ronald, 81, 114, 156, IS!},

161

Young, John H., 11,81, 114, 160-161 Young, Stephen, 11,46

INDEX OF SUBJECTS

Administrative fiat, 45, 60, 91. See also Internalization

Amax, 72, 95-99 Annual reports, 68, 72, 95

IQ-Ks as types of, 95 Appropriability, 4, 36, 40,44-46,

53-59, 81. See also Firm specific advantage; Knowledge advantage

Arm's length pricing, 88, 92 Asbestos, 72 Assumptions, 31-32, 49, 177 Autarky, 12, 33 Auto Pact Agreement, 20, 21, 139, 168

Balance of payments, 17,89, 141 of Canada, 141-145, 156, 169 capital flows, 24 flow adjustments, 16, 17 stock adjustment, 15-17,20-21,24

Balance sheets, 1, 68, 88. See also Annual reports

Bank of Canada, 171 Bastable Test, 160 Blocked funds, 88 BP, 66 Branch plants, 60, 110, 158 Business cycles, 20, 23, 170. See also

Trade cycle

Canada Development Corporation, 124-125 dolJar, 20, 25, 101, 139, 170 federation, 60 nationalism in, 6, 82, 100, 109, 138,

144 oil firms, 66-76

Canadian Forum, 125, 130, 131 Candide model, 165 Columbia River Treaty, 118

193

194

Comparative advantage, 3-4, 37, 61, 110, 159, 173. See also Free trade

Concentration, 1,45, 128 Confederation, 158, 169 Confederation Bounty, 108 Correlations, 19, 41 Cost of capital, 83 Cost-benefits, 37, 119, 126, 136, 140 Counterfactual experiment, 101 Crown Corporation, 111-112, 118,

120 Currency areas, 25 Customs union, 109-110, 154, 164

Differentiated product, 41 Dissipation, 29, 45. See also Firm

specific advantage; Knowledge advantage

Distribution of income, 23, 27, 78, 85, 114, 120, 140. See also Equity

DREE (Department of Regional Economic Expansion), 108

Economic Council of Canada, 161 report on free trade, 114, 137, 141,

153, 163-166 report on regional disparities,

105-109 EEC (European Economic

Community), 21, 110, 154, 164, 166, 172

Efficiency, 1, 118, 133, 156, 163 vs. equity, 3, 6, 27, 111, 130,

137-138. locus, 19. See also General

equilibrium system; Pareto optimal

EFTA (European Free Trade Area), 154

Energy, 66, 154, 165, 175 crisis, 116, 168 policy, 118-120

Entrepreneurs, 25, 164

INDEX

Equity, 2, 3, 6, 130, 137, 138, 157 distributional objectives, 27, 104,

107-109. See also Distribution of income

Excess profits, 2, 3, 5, 90, 175-177. See also Monopoly; Rent

Exchange rate, 15,90, 170-172 expectations, 24 premium, 25 risk, 19,25

Exporting, 37, 51 marketing cost differential, 47,

50-51 Extraterritoriality, 124

Falconbridge, 72, 95-99 Financial Post, 68, 137 FIRA (Foreign Investment Review

Agency), 3, 6, 126, 129-138, 140-142, 145-148

Firm specific advantage, 4, 34, 39, 43, 46, 55, 61, 141. See also Internalization; Knowledge advantage

Foreign operations additional costs of, 47, 53

Free trade, 13,28, 33, 36, 37, 43, 78, 110, 120, 133, 137, 153

associations, 114, 115, 154-155, 164-166

barriers to, 37. See also Comparative advantage; Heckscher-Ohlin

Gas, natural, 117-119 pipeline, 166 policy, 168

GATT (General Agreement on Tariffs and Trade), 155, 159

General equilibrium (model), 2, 4, 6, 27, 37, 61, 101-102, 167. See also Efficiency; Pareto optimal

Geocentric attitudes, 32, 42 Gray Report, 7, 123, 125, 130-131, 133 Gulf, 66, 68

INDEX

Heckscher-Ohlin, 12, 33-34, 159. See also Free trade

Heuristic programming, 91 Hudson Bay Oil and Gas, 68 Husky, 66

Identification problem, 23 IMC, 72, 95-99 Imperial Oil, 66, 68 Inco, 72, 74, 95-99 Income level, 13, 15, 17, 141 Independence, 3, 115, 120, 127, 130,

133, 138, 141, 172, 175 costs of, 158-160 as a luxury good, 115

Industrial organization, 41, 174

Infant industry argument, 160 Infant technology, 61 Inflation, 15, 171, 172. See also

Unemployment Input-output, 101-102 Interest rate differentials, 13-16,20,

24, 141-144, 156, 171, 174 Interest rates

term structure of, 19 Intermediate product, 35-36, 38-39,

44,46,48,87,92-94, 171. See also Knowledge advantage

Internalization, 4, 27, 34-39,40, 45-46,57-61,81,83,86,88, 91-92, 152, 158, 174, 176. See also Administrative fiat; Appropriability; Firm specific advantage; Intermediate product; Knowledge advantage; Market imperfections; Technology advantage

International capital markets flows, 18, 157 integration of, 115 segmentation of, 36, 38, 41, 44,

49-50, 54, 57-58. See also Market imperfections

195

International diversification, 5, 14, 19, 34, 41, 174

Investment direct, 11, 13-17,23-25,32,41, 123,

130, 141-142, 174 portfolio, 11, 13-16,24, 123, 133,

141-142, 144,156, 174 Irving, 66

JMC, 72, 95-99

Kaiser, 72 Key sectors, 124-125, 128 Keynesian, 15-16, 105, 109 Knowledge advantage, 26, 34-36, 38,

43,49-56, 107, 176 dissipation of, 38, 44, 50, 54-56, 60,

176. See also Internalization; Licensing; Proprietary information; Public good; Research and development

Libertarian, 109 Licensing, 34-40, 44-50, 54, 139. See

also Firm specific advantage; Internalization; Knowledge advantage

Location, 34, 37, 60, 156 Longitudinal analysis, 127

Management, 11-13, 24, 113, 139, 154-155, 162

Marginal cost pricing, 35 Marginal product, 11-12, 101, 145, 162 Market

shares, 26 size, 20-23

Market imperfections, 4, 13,26-27, 35,40, 60, 81, 85-86, 88-93, 104, 166, 176. See also Internalization

Methodology, 2, 4, 31-32, 83, 86, 90-91

Microeconomic theory, 2, 6, 106

196

Mining industry, 88, 101-103, 154 sectors, 83

Mobility of labor (migration), 105-107 Monetary policy, 169-171, 174 Monopoly, 2, 13, 23, 33-34, 90, 128,

138, 175. See also Excess profits; Rents

National Policy, 166 Neoclassical model (paradigm), 4, 105,

109-ll0, 157, 173, 177 Neoclassical socialism, 109 Net present value, 47, 51, 56, 58 New Democratic Party, 129 Noneconomic goals, 3, 31, 133, 138,

140 Noranda, 95-96

Offshore assembly, 60 Oil

cartel, 116, ll9 embargo, 68, ll7 prices, ll6-120

Oil firms and risk of earnings, 66-71,117

Oligopoly, 26, 45 OPEC, ll6-ll8 Opinion polls, 27, 127, 174 Optimal tax, 3, 120 Optimum tariff, 160

Pareto optimal, 2,4, 137, 160. See also Efficiency; General equilibrium

Patents, 35-36, 55, 57. See also Knowledge advantage

Patino, 95-97 Petrofina, 66 Pharmaceuticals, 88-89, 92 Political economy, 2-3, 24, 41, 176 Portfolio, 17, 19

theory, 25, 65, 99 Positive economics, 7

INDEX

Pressure groups, 24 Price discrimination, 35-36, 38, 44-45,

58 Production (function), 11-12, 33-34,

113, 162. See also Marginal product

Productivity, 161-163, 165-166 Profits, 22-24, 26-27, 32, 51, 65, 148,

174-175 excessive, 66, 138-139 rates, 1-2, 5, 75, 88, 95, 112

Property rights, 34-36, 44 Proprietary information, 45. See also

Knowledge advantage Public good(s), 35, 39, 44, 49, 81. See

also Knowledge advantage

Quotas, 33

Random innovations, 26 Random walk, 93 Reading, University of, 94 Regional income disparities, 60,

104-109, 126, 175 Regions, 34, ll4, 156, 159, 169 Rents, 26, 44, 54, 74, lll, 116-117,

175. See also Excess profits Research and development, 34-36, 38,

54, 59-61, ll3, 124, 155, 164, 166, 176. See also Knowledge advantage

Rio Algom, 72, 95-99 Risk, 19, 22-25, 41, 139, 144, 148,

157, 162, 166 of profits, 5, 13-14, 65-68, 74, 96,

174 standard deviation as a measure of,

19,68,71,95,99, 106

Scale, economies of, 15, 21, 23, 33-34, 82, 139-142, 153-168

Science Council of Canada, 61 Science policy, 60-61, 113-114 Self-sufficiency, 1I6-ll8

INDEX

Shell, 66, 68 Size, 147, 159, 165, 170

sales as measure of, 66, 128 bias, 54, 74

Small country assumption, 16, 20, 59, 115

Social rates of return, 77-83 Specification errors, 21, 23 Spectral analysis, 23 Staples, 153 Stock of capital, 145, 157 Stocks, 19, 22, 32 Subsidy, 61 Sunk cost, 48, 50

Takeovers, 133-135, 146-147 Tar sands, 118 Tariff, 6, 21, 23, 26, 33, 51, 59, 61,

81-82, 100, 103, 110, 114, 141, 152-170, 173

costs of, 152, 160-163 Taxes, 1-2, 33, 44

avoidance of, 23, 126 barriers, 26 codes, 86 credits, 5, 80, 84 double taxation, 78, 80 harmonization policy, 157 policies, 22, 174 tax rate differentials, 77, 87, 90 tax-subsidy scheme, 120, 159-160.

See also Transfer pricing

Technology, 13,24,26, 37-38, 44 advantage, 45

Texaco, 66, 68 Texasgulf, 66, 72 Trade

diversification, 115 flows, 18 foreign, 39 gain from, 33

197

theory, 24. See also Free trade Trade cycle, 15, 172. See also Business

cycles Transactions costs, 91 Transfer pricing, 1,5,23,36,60,77,

87-89, 126, 139, 174, 176. See also Tax rate differentials

Transport costs, 33, 47, 168

Unemployment, 15, 20, 142, 156, 164, 171-172. See also Inflation

Utility, 16, 22

Vertical integration, 128 Voluntary Restraint Programme, 14

Water, 118, 119 Watkins Report, 7, 123, 125, 130,

133 Wealth, 17, 19

real balances, 16 Welfare costs, 101-102. See also

General equilibrium