Suchergebnisse

The first day of January, 1959, saw the opening moves in the formation of the European Economic Community, the most spectacular experiment in regional economic integration to occur in recent history. If no hitches occur, within fifteen years West Germany, France, Italy, and the Benelux countries will have formed something between a customs union arid a full economic union, with internal free trade, a common external tariff, partial freedom of internal factor movement, partial co-ordination of economic and social policies, and a common framework of agricultural protection and control. There is a small and wildly fluctuating probability that this "common market" will become embedded in a larger European free trade area organized by Great Britain and including Denmark, Norway, Sweden, Switzerland, Austria, and possibly other small European nations.

This article explores the structure of the Canadian economy revealed in the recently published inter-industry table for 1949. It seeks not to treat exhaustively any aspect of Canada's economic structure, but to use inter-industry methodology to test a variety of familiar hypotheses about that structure. In announcing the coming of input-output analysis to the Dominion Bureau of Statistics, S. A. Goldberg heralded the appearance of an "experimental table for the year 1949." He stressed its prospective value for checking the consistency and completeness of the Bureau's statistical coverage. But he added the hope that the table would "help to strengthen the habit of looking at the economy as being composed of interrelated variables and in this manner … assist economic as well as statistical analysis. If the data provided by the table are useful for the purpose of appraising emerging trends in the economy, there will be an additional gain." A demonstration of the uses and limits of "input-output analysis" may give some help to those who must estimate the marginal productivity of gathering further data in this area. Thus, a subsidiary theme of this article is the potential usefulness of inter-industry analysis for the formation of policy, both by government agencies and private firms.

Cover; Contents; 1 Economic Integration in International Capital Markets; 2 Adjustment to Disturbances in Canada's Capital Inflows; 3 The Influence of International Capital Flows on the Effectiveness of Domestic Policy Instruments; 4 Integrated Capital Markets: A Review of the Implications for Stabilization, Growth, and Commercial Policy.