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| Author: | McRae, R. N. |
| Title: | Canadian energy development under the Free Trade Agreement. |
| Journal: | Energy Policy
1991 : JUN, VOL. 19:5, p. 473-479 |
| Index terms: | ENERGY CANADA FREE TRADE |
| Language: | eng |
| Abstract: | As far as energy is concerned, the Free Trade Agreement /FTA/ between the USA and Canada endorses the status quo, but it provides an important guarantee of future access. This is especially critical for gas and electricity exports, since they are expected to increase. It is shown that favourable macroeconomic responses occur when energy exports increase. Free trade effectively forces governments to rely on market forces to determine energy prices and trade volumes. On the other hand, proportional sharing during shortage will constrain Canadian energy policy responses. All things considered, Canada will benefit from free trade in energy. |
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