J. Barry Smith

Professor
Office: Vari Hall, 1078
Phone: (416)736-2100 Ext: 20584
Email: jbsmith@yorku.ca
I am a Professor in the Department of Economics at York University. I hold a PhD in Economics from the University of Western Ontario. My research interests are in econometrics, environmental economics, and labour economics.
Degrees
Ph.D., University of WesternM.A., University of Western
B.A. (Hons.), York University
Professional Leadership
1. Co-Chair, Great Lakes Fishery Commission Task Group on Economic Valuation, 1989-1993.
2. Contributing Editor, Journal of Marine Resource Economics, 1992-.1996.
3. Secretary Treasurer and Member of the Board of Governors, The Biosphere Foundation, 1992-2000.
Research Interests
- Dean's Teaching Excellence Award 1995 - 1995
Abstract: In this article we propose a simple and efficient method of estimating welfare measures in an n-equation system. We also estimate the variance of these measures. The accuracy and convergence properties of our approach are studied: the algorithm converges quadratically. This is a distinct improvement over the Vartia algorithm which converges linearly. We demonstrate the method by evaluating the welfare consequences of price changes in the provision of health care. The GAUSS code, which is very short, is included.
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Abstract: This paper examines traditional approaches to modeling production processes in resource industries and finds that they are often incomplete with respect to desired properties and restrictions. A new notion of equilibrium production functions is introduced in which explicit account is taken of the recognised interdependence of firms involved in extraction. The results are quite encouraging. In particular, the resultant model of production has the ex ante desired technical, externality, mass balance, aggregation, and heterogeneity properties. As well, it provides useful insights for empirical research. Finally, this new approach with its explicit recognition of the interdependence of firms has the potential for providing new directions into the analysis of industry equilibrium and regulation of resource industries.
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Abstract: This article presents an econometric analysis of the productivity impact of pollution charges on firms in the Canadian brewing industry. We estimate a translog cost function that allows for differences between regulated and unregulated plants. Productivity is measured by the standard residual method. The empirical work, which is based on plant level data from a single industry, suggests that pollution charges have a negative impact on productivity growth. This, however, is not necessarily undesirable, since accompanying these costs are definite benefits in terms of a cleaner environment.
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Abstract: This paper partially extends the replenishable resource management literature to the case of uncertainty. Stochastic resource dynamics are defined, studied and estimated. The results of this study suggest that the misallocation of resources into the northern lobster fishery has been greater than was previously believed. While aggregate stochastic influences are small in the lobster fishery, the dynamics of whales appear to be significantly affected by stochastic influences.
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Current Courses
Term | Course Number | Section | Title | Type |
---|---|---|---|---|
Winter 2025 | AP/ECON1540 3.0 | N | Introductory Mathematical Economics II | LECT |
Winter 2025 | AP/ECON1540 3.0 | P | Introductory Mathematical Economics II | LECT |
I am a Professor in the Department of Economics at York University. I hold a PhD in Economics from the University of Western Ontario. My research interests are in econometrics, environmental economics, and labour economics.
Degrees
Ph.D., University of WesternM.A., University of Western
B.A. (Hons.), York University
Professional Leadership
1. Co-Chair, Great Lakes Fishery Commission Task Group on Economic Valuation, 1989-1993.
2. Contributing Editor, Journal of Marine Resource Economics, 1992-.1996.
3. Secretary Treasurer and Member of the Board of Governors, The Biosphere Foundation, 1992-2000.
Research Interests
Awards
- Dean's Teaching Excellence Award 1995 - 1995
All Publications
Abstract: In this article we propose a simple and efficient method of estimating welfare measures in an n-equation system. We also estimate the variance of these measures. The accuracy and convergence properties of our approach are studied: the algorithm converges quadratically. This is a distinct improvement over the Vartia algorithm which converges linearly. We demonstrate the method by evaluating the welfare consequences of price changes in the provision of health care. The GAUSS code, which is very short, is included.
[go to paper]
[go to paper]
[go to paper]
Abstract: This paper examines traditional approaches to modeling production processes in resource industries and finds that they are often incomplete with respect to desired properties and restrictions. A new notion of equilibrium production functions is introduced in which explicit account is taken of the recognised interdependence of firms involved in extraction. The results are quite encouraging. In particular, the resultant model of production has the ex ante desired technical, externality, mass balance, aggregation, and heterogeneity properties. As well, it provides useful insights for empirical research. Finally, this new approach with its explicit recognition of the interdependence of firms has the potential for providing new directions into the analysis of industry equilibrium and regulation of resource industries.
[go to paper]
[go to paper]
Abstract: This article presents an econometric analysis of the productivity impact of pollution charges on firms in the Canadian brewing industry. We estimate a translog cost function that allows for differences between regulated and unregulated plants. Productivity is measured by the standard residual method. The empirical work, which is based on plant level data from a single industry, suggests that pollution charges have a negative impact on productivity growth. This, however, is not necessarily undesirable, since accompanying these costs are definite benefits in terms of a cleaner environment.
[go to paper]
Abstract: This paper partially extends the replenishable resource management literature to the case of uncertainty. Stochastic resource dynamics are defined, studied and estimated. The results of this study suggest that the misallocation of resources into the northern lobster fishery has been greater than was previously believed. While aggregate stochastic influences are small in the lobster fishery, the dynamics of whales appear to be significantly affected by stochastic influences.
[go to paper]
[go to paper]
Current Courses
Term | Course Number | Section | Title | Type |
---|---|---|---|---|
Winter 2025 | AP/ECON1540 3.0 | N | Introductory Mathematical Economics II | LECT |
Winter 2025 | AP/ECON1540 3.0 | P | Introductory Mathematical Economics II | LECT |