The CEP (Carleton Economic Papers) is the departmental working paper series. All such papers produced since 1971 are listed below by year of publication, some with associated links to PDF files. Anyone wishing to receive hard copies of these papers by mail must make an advance payment of $10.00 per copy or $60.00 per year in Canadian funds payable to Carleton University.

2017, 2016, 2015, 2014, 2013, 2012, 2011, 2001–2010, 1991–2000, 1981–1990, 1971–1980


Issue Author(s) Title
17-07 Katrina Jessoe, Maya M. Papineau, and David Rapson Utilities Included: Split Incentives in Commercial
Electricity Contracts
17-06 Stanley L. Winer In Defense of Majoritarianism
17-05 Jean-Thomas Bernard, Ba Chu, Lynda Khalaf, and Marcel-Cristian Voia Non-standard Confidence Sets for Ratios and Tipping Points with Applications to Dynamic Panel Data
17-04 Hashmat U. Khan and Jean-François Rouillard Why Does Household Investment Lead Business Investment over the Business Cycle?: Comment
17-03 Timothy Grieder and Hashmat U. Khan The Collateral Channel: How Real Estate Shocks Affect Corporate Investment: Comment
17-02 Zhiqi Chen and Gang Li Do Merger Efficiencies Always Mitigate Price Increases?
17-01 Luke Ignaczak and Marcel-Cristian Voia Duration Dependence in Employment: Evidence from the Last Half of the 20th Century


Issue Author(s) Title
16-15 Stanley L. Winer The Political Economy of Taxation: Power, Structure, Redistribution  – revised version forthcoming in the Oxford Handbook of Public Choice
16-14 J. Stephen Ferris and Bharatee B. Dash Expenditure Visibility and Voter Memory: A Compositional Approach to the Political Budget Cycle in Indian States, 1959 – 2012
16-13 James G. MacKinnon and Matthew D. Webb The Subcluster Wild Bootstrap for Few (Treated) Clusters
16-12 David B. Johnson and Matthew D. Webb Decision Making with Risky, Rival Outcomes: Theory and Evidence
16-11 James G. MacKinnon and Matthew D. Webb Randomization Inference for Differences-in-Differences with Few Treated Clusters
16-10 Kerry Nield and Ardyn T. Nordstrom Response Bias in Voluntary Surveys: An Empirical Analysis of the Canadian Census (revised 9 August 2016)
16-09 Hashmat U. Khan and Pythagoras Petratos Entrepreneurship and the Business Cycle: Stylized Facts from U.S. Venture Capital Activity
16-08 Nadav Ben Zeev and Hashmat U. Khan Investment-Specific News Dominates TFP News in Driving U.S. Business Cycles (revised 20 July 2016, 11 August 2016, and 12 October 2016)
16-07 Hashmat U. Khan and Jean-François Rouillard Household Borrowing Constraints and Residential Investment Dynamics
16-06 Zhiqi Chen and Xiaoqiao Wang Specific Investment and Supplier Vulnerability: Theory and Evidence
16-05 Afrasiab Mirza and Eric Stephens Securitization and Aggregate Investment Efficiency (revised 7 April 2016, 28 April 2016 and 24 January 2017)
16-04 Eric Stephens and James R. Thompson Information Asymmetry and Risk Transfer Markets
16-03 Miguel Casares and Hashmat U. Khan Business Dynamism and Economic Growth: U.S. Regional Evidence (revised 15 July 2016, 9 September 2016, and 31 October 2016) – forthcoming in International Review of Entrepreneurship
16-02 Samira Hasanzadeh and Hashmat U. Khan Sources of Canadian Economic Growth (revised 7 May 2017)
16-01 Hossein Kavand and Marcel-Cristian Voia The Role of Model Specification in Estimating Health
Care Demand


Issue Author(s) Title
15-10 Pinaki Chakraborty, Bharatee B. Dash, J. Stephen Ferris, and Stanley L. Winer The Privateness of Public Expenditure with Application to Indian States
15-09 Mihailo Radoman and Marcel-Cristian Voia Internal Promotion in Competitive Sports: Evidence from the English Premier League
15-08 J. Stephen Ferris and Marcel-Cristian Voia Political Parties in Canada: What Determines Their Entry, Exit and the Duration of Their Lives? (revised 4 April 2016)
15-07 Hashmat U. Khan, Christopher R. Knittel, Konstantinos Metaxoglou, and Maya M. Papineau Carbon Emissions and Business Cycles (revised 22 May 2016, 6 May 2017; formerly titled “How do Carbon Emissions Respond to Business-Cycle Shocks?”)
15-06 Zhiqi Chen, Hong Ding, and Zhiyang Liu Downstream Competition and the Effects of Buyer Power
15-05 Maya M. Papineau Pre-Labeling Market Valuations in the U.S. Green Building Stock and the Causal Effect of Green Labels
15-04 Maya M. Papineau Setting the Standard: Commercial Electricity Consumption Responses to Energy Codes
15-03 Maya M. Papineau Energy Codes and the Landlord-Tenant Problem
15-02 Nadav Ben Zeev, Christopher M. Gunn, and Hashmat U. Khan Monetary News Shocks (revised 21 August 2015, 7 April 2016, 5 October 2016, and 27 February 2017)
15-01 Zhiqi Chen, Subhadip Ghosh, and Thomas W. Ross Denying Leniency to Cartel Instigators: Costs and Benefits


Issue Author(s) Title
14-14 Richard A. Brecher and Till O. Gross Employment Gains from Minimum-Wage Hikes under Perfect Competition: A Simple General-Equilibrium Analysis
14-13 J. Stephen Ferris and Marcel-Cristian Voia Does Aggregate Government Size Effect Private Economic Performance in Canada? – forthcoming in Journal of Institutional and Theoretical Economics
14-12 Zhiyang Liu and Zhiqi Chen Venture Capital Networks and Investment Performance in China
14-11 Zhiqi Chen and Gang Li Horizontal Mergers in the Presence of Capacity Constraints
14-10 Zhiqi Chen and Afshan Dar-Brodeur Trade and Labour Standards: Will There Be a Race to the Bottom?
14-09 Ehsan U. Choudhri and Dalia S. Hakura The Exchange Rate Pass-Through to Import and Export Prices: The Role of Nominal Rigidities and Currency Choice
14-08 Miguel Casares and Hashmat U. Khan Entry, Exit, and Economic Growth: U.S. Regional Evidence
14-07 Christopher M. Gunn Overaccumulation, Interest, and Prices
14-06 Miguel Casares and Jean-Christophe Poutineau A DSGE Model with Endogenous Entry and Exit
14-05 Richard A. Brecher and Till O. Gross A Minimum-Wage Model of Unemployment and Growth: The Case of a Backward-Bending Demand Curve for Labor
14-04 Ehsan U. Choudhri and Antonio Marasco Asymmetric Technological Change in the Melitz Model: Are Foreign Technological Improvements Harmful?
14-03 Zhiqi Chen Supplier Innovation in the Presence of Buyer Power
14-02 Firouz Fallahi, Mohammad Karimi, and Marcel-Cristian Voia Are Shocks to Energy Consumption Persistent? Evidence from Subsampling Confidence Intervals
14-01 J. Stephen Ferris and Marcel-Cristian Voia The Effect of Federal Government Size on Private Economic Performance in Canada: 1870–2011 (revised 12 September 2014)


Issue Author(s) Title
13-10 Hashmat U. Khan and Abeer Reza House Prices and Government Spending Shocks (revised 14 August 2014, 12 May 2016, and 14 September 2016; formerly titled “House Prices, Consumption, and Government Spending Shocks”)– revised version forthcoming in Journal of Money, Credit and Banking
13-09 Till O. Gross Capital Taxation, Intermediate Goods, and Production Efficiency
13-08 Till O. Gross Capital Tax Competition and Dynamic Optimal Taxation
13-07 Till O. Gross and Stéphane Verani Financing Constraints, Firm Dynamics, and International Trade
13-06 Till O. Gross Dynamic Optimal Taxation in Open Economies
13-05 Saikou Amadou Diallo and Marcel-Cristian Voia The Threat of Domestic Violence and Women’s Empowerment: The Case of West Africa (revised 21 November 2013; withdrawn for publication consideration elsewhere 24 February 2014; revised 14 December 2015; reinstated 13 January 2016)
13-04 Christopher M. Gunn Animal Spirits as an Engine of Boom-Busts and Throttle of Productivity Growth (revised 10 April 2015) – revised version in Journal of Economic Dynamics and Control, Vol. 57 (August 2015), pp. 24–53
13-03 Christopher M. Gunn and Alok Johri Fear of Sovereign Default, Banks, and Expectations-Driven Business Cycles
13-02 Christopher M. Gunn and Alok Johri An Expectations-Driven Interpretation of the “Great Recession”
13-01 Marcel-Cristian Voia and Mihailo Radoman Youth Training Programs and their Impact on Career and Spell Duration of Professional Soccer Players


Issue Author(s) Title
12-06 J. Stephen Ferris The Relationship Between Government Size and Economic Performance with Particular Application to New Zealand (revised 4 November 2013)
12-05 Nadav Ben Zeev and Hashmat U. Khan Investment-Specific News Shocks and U.S. Business Cycles (revised 12 September 2013 and 15 May 2015; formerly titled “News Shocks About Future Investment-Specific Technology and Business Cycles”) – revised version forthcoming in Journal of Money, Credit and Banking
12-04 J. Stephen Ferris and Derek E. H. Olmstead Fixed versus Flexible Electoral Cycles with Application to the Recent Change by Canada’s Federal Government (revised 22 July 2013 and 1 December 2016; formerly titled “Fixed versus Flexible Electoral Cycles”)– forthcoming in Constitutional Political Economy 
12-03 Hossein Kavand and J. Stephen Ferris An Oil-Driven Endogenous Growth Model
12-02 Zhiqi Chen, Horatiu A. Rus, and Anindya Sen Border Effects Before and After 9/11: Panel Data Evidence Across Industries
12-01 Ingela Alger and Jörgen W. Weibull Homo Moralis: Preference Evolution under Incomplete Information and Assortative Matching (revised 14 May 2013)


Issue Author(s) Title
11-12 Mohammad Karimi and Marcel-Cristian Voia Currency Crises, Exchange Rate Regimes, and Capital Account Liberalization: A Duration Analysis Approach
11-11 Mohammad Karimi and Marcel-Cristian Voia Empirics of Currency Crises: A Duration Analysis Approach
11-10 Mohammad Karimi and Marcel-Cristian Voia Identifying Extreme Values of Exchange Market Pressure
11-09 J. Stephen Ferris, Stanley L. Winer, and Bernard Grofman Do Departures from Democratic Accountability Compromise the Stability of Public Finances? Keynesianism, Central Banking, and Minority Governments in the Canadian System of Party Government, 1867–2009
11-08 Ram Sahi and Najib Khan Evolution of India’s Electricity Market Deregulation and Private Sector Investment in the Power Sector (withdrawn permanently)
11-07 Richard A. Brecher and Zhiqi Chen Unemployment and Welfare Consequences of International Outsourcing under Monopolistic Competition – revised version in Canadian Journal of Economics, Vol. 47, No. 2 (May 2014), pp. 540–554
11-06 Hashmat U. Khan and Bae-Geun Kim Markups and Oil Prices in Canada (revised 12 October 2012; formerly titled “The Effects of Permanent Markup Shocks in Canada”)
11-05 Hashmat U. Khan and John Tsoukalas Effects of Productivity Shocks on Employment: U.K. Evidence (revised 11 August 2013)
11-04 Zhihong Chen and Zhiqi Chen Product Line Rivalry: A Further Analysis – revised version: Product Line Rivalry and Firm Asymmetry, Journal of Industrial Economics, Vol. 62, No. 3 (September 2014), pp. 417–435
11-03 Marcel-Cristian Voia and J. Stephen Ferris Do Canadian Business Cycle Peaks Predict Federal Election Calls? – revised version: Do Business Cycle Peaks Predict Election Calls in Canada? European Journal of Political Economy, Vol. 29,  No. 7 (March 2013), pp. 102–118
11-02 Richard A. Brecher,
Zhiqi Chen, and Zhihao Yu
The Trouble with Offshoring: Static and Dynamic Losses in the Presence of Unemployment – revised version in The World Economy, Vol. 36, No. 5 (January 2013), pp. 1–11
11-01 Raúl Razo-Garcia The Duration of Intermediate Exchange Rate Regimes and Capital Controls (revised 17 October 2011)