@article{Small-Open-Economy:4171,
      recid = {4171},
      author = {Wurzburger, Benjamin},
      title = {An Examination of the Small-Open-Economy Hypothesis for  Canadian Exports},
      publisher = {Bank of Canada},
      address = {1978},
      pages = {1 online resource (i, 24 pages)},
      abstract = {Does Canada obey the "small open economy" paradigm in its  export behaviour? If the small-open-economy paradigm holds,  the price of Canadian exports (measured in foreign  currencies) is determined by foreign developments with no  impact from domestic developments. Also, if the small  country assumption is valid, the volume of Canadian exports  can be appropriately modeled via a supply curve with its  testable implications. This paper is divided into three  sections. In Section 1, I discuss the determination of  export prices and find that the small-open-economy  hypothesis accurately describes Canadian export prices. In  Section 2, I develop a model of export volumes relevant for  a small open economy and find that the data on export  volumes do not support this hypothesis. Finally, in Section  3, I present a calculation related to the "pseudo-small  open economy" hypothesis.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/4171},
      doi = {https://doi.org/10.34989/tr-14},
}