Employment, Investment, and Consumption in the Canadian Provinces PDF Download
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Author: Tim Hazledine
Publisher: The Council
ISBN:
Category : Canada
Languages : en
Pages : 104
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Book Description
Author: Tim Hazledine
Publisher: The Council
ISBN:
Category : Canada
Languages : en
Pages : 104
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Book Description
Author: Alberta. Labour Market Research Division
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 112
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Book Description
Author: Tamim Bayoumi
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 38
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Book Description
Many might think, in a world abuzz with the word globalization, that national economies are highly integrated. For example, it is reasonable to suspect that the economy of Canada is highly integrated with the economy of the United States for reasons of geography, culture and language. Recent evidence suggests, however, that the United States-Canadian border remains a significant economic barrier. Engle and Rogers (1994) test the law of one price using data from cities in Canada and the United States. They find that the border adds between 2,500 and 25,000 miles to the economic distance between cities. McCallum (1995), using a gravity model of trade, finds that the level of intra-Canadian trade to be over 20 times what would be expected based on trade between Canada and the United States.2 Helliwell (1996) shows that Quebec trades twenty time more with other provinces than with states in the United States of similar size and distance.
Author: Robert A. Degen
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 538
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Author: Tamim A. Bayoumi
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
We analyze the flexibility of the Canadian labor market across provinces in both an interand intra-national context using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that Canadian labor markets respond in a similar manner to their U.S. counterparts and are more flexible than those in major euro area countries. Within Canada, the results indicate that labor markets in Ontario and provinces further west are more flexible, particularly with regard to migration, while those further east are less so.
Author: Ryan Macdonald
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
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Book Description
This paper examines the impact of import and export price changes on economic welfare in Canada, and in each of the provinces. It examines how terms of trade shifts and fluctuations in the ratio of traded to non-traded goods prices affect the purchasing power of domestic production. Terms of trade shifts are shown to have a larger impact in the short run. Moreover, the paper shows that failing to account for terms of trade shifts, when analysing macroeconomic data, can lead to misinterpretations about the sources of growth or decline in consumption, investment and imports. The magnitude and direction of terms of trade fluctuations, and their impacts, vary by province and over time. Changes in commodity prices are shown to have important effects. The effect of terms of trade shifts is largest in Alberta and Newfoundland and Labrador, while Manitoba is relatively unaffected.
Author: Joseph G. Altonji
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 48
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Book Description
This paper presents a method for assessing the impact of external, national, and sectoral shocks on Canadian employment fluctuations at the national, industry, and provincial levels. Special attention is given to the contribution of sectoral shocks to aggregate employment fluctuations. Shocks which initially affect specific industries and provinces can induce aggregate fluctuations not only because national employment is the sum of employment in various sectors but also because of feedback across sectors.The analysis is based on an econometric model relating employment growh in each province and industry to the current and lagged change in U.S. output, the lags of employment growth at the national, industry, and provincial levels, a Canadian national shock, and shocks affecting specific industries, specific provinces, and specific province-industry pairs. The model is estimated using annual data on Canadian employment at the province-industry level.The results suggest that U.S. shocks are responsible for two-thirds of the steady-state variance in the growth of Canadian national employment, while the Canadian national shock accounts for approximately one quarter of this variance.Taken together, industry specific, province specific and province-industry spe-cific shocks account for about one-tenth of the variance of Canadian national employment growth. Although U.S. shocks are the dominant influence on aggregate employment growth in Canada, sectoral shocks account for about thirty percent of the variance in national employment due to Canadian sources. Estimates of the contribution of U.S., Canadian national, industry, and provincial shocks to the variance of employment in specific industries and provinces are also provided
Author: Statistics Canada
Publisher: Statistics Canada, Demography Division
ISBN:
Category : Canada
Languages : en
Pages : 40
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Book Description
This publication discusses the population growth trends of this century.
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1498396321
Category : Business & Economics
Languages : en
Pages : 67
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Book Description
KEY ISSUES Economic outlook: The Canadian economy has expanded at a solid pace since 2013, but rebalancing of growth away from household consumption and residential investment remains incomplete, owing mainly to weak business investment. Growth momentum is expected to continue alongside a strengthening U.S. recovery despite substantially lower oil prices. Risks to the outlook are modestly tilted to the downside given sluggish global growth, effects unfolding from sharply lower oil prices, and housing market risks. Key domestic vulnerabilities in housing markets and the household sector remain elevated but contained fro m a financial stability perspective. Policies for balanced and sustained recovery: An appropriate policy mix should help facilitate rebalancing to generate a broader and more durable recovery, reduce domestic vulnerabilities, and further strengthen financial system resilience: • Macro policies: Monetary policy can remain accommodative for now given that inflation expectations are well-anchored, stronger business investment is still a missing link, risks to an export-led recovery are to the downside, and housing markets are expected to cool as U.S. interest rates rise and with lower oil prices. Fiscal consolidation should proceed in light of longer-term challenges at the provincial level, but federal authorities should consider adopting a neutral stance going forward, using available fiscal resources for targeted measures to support growth. Structural policies to improve productivity in the economy would increasingly need to complement this policy mix. • Housing sector and financial sector policies: Further macro-prudential policy action may be needed to guard against risks to financial stability if household balance sheet vulnerabilities resume rising. Reforms to limit government exposure to housing markets and encourage appropriate risk retention by the private sector should continue. Improving complex coordination across federal and provincial authorities in supervision and stress- testing of depository institutions and strengthening macro-prudential and crisis management frameworks will reinforce the resilience of Canada’s financial system. Policy response to past advice: Since the 2013 Article IV Consultation mission, the authorities have taken some further steps to limit taxpayer exposure to the housing sector and strengthen mortgage insurance underwriting practices. Some work on FSAP recommendations has also started to enhance stress testing, address data gaps, and towards establishing a cooperative capital markets system. The authorities have also intensified their efforts towards addressing interprovincial trade barriers and export diversification.
Author:
Publisher:
ISBN:
Category : Statistics
Languages : en
Pages : 840
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Book Description
