What policies lead to economic growth?

Matthew McCartney, also writing in the Post-Autistic Economics Review, probes why economists know so little about economic growth when it comes to empirical research, and comes away skeptical about the merits of cross-country growth regressions:  This paper is concerned with how economic growth is analysed by economists.  Over the last fifteen years an extremely common method has been through cross-country […]

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A Critique of Foreign Investment

Kevin P.Gallagher and Lyuba Zarsk, writing in Post-Autistic Economics Review, are skeptical of foreign investment policies. Their focus is on developing countries, but similar considerations could be made in the case of Canada given the intensity of investment in the resource sector and the federal government’s contention that Canada must maintain its share of global FDI because of its purported, […]

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Industrial capacity and inflation

Statistics Canada reports on industrial capacity, an important data point for the Bank of Canada, ever watchful for inflation: Industrial capacity utilization rates First quarter of 2006 Capacity use among Canadian industries edged down in the first three months of 2006 in the wake of the rising loonie and a decline in foreign demand for some manufactured goods. Industries operated […]

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Bubble bubble toil and trouble?

UCLA's Edward Leamer sees a slowdown for the US in 2006, as the real estate party comes to an end. He sets the context well: The discovery of the Internet set off a mad dash for the Web, and that powered the U.S. economy forward at breakneck speed from 1997 to 2000. Every business in America had to have a […]

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Foreign ownership in the Canadian economy

Statscan reports the latest numbers on foreign ownership: Foreign-controlled corporations accounted for 21.9% of assets held in Canada, and 30.0% of operating revenues. Despite the odd fluctuation, these shares have remained fairly stable ever since the post-recessionary period of the mid-1990s. Assets of foreign-controlled corporations rose a healthy 8.3% to $1.1 trillion in 2004, while those of Canadian-controlled corporations jumped […]

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Equalization – A Family History

Dalhousie's Lars Osberg reflects on his family in relation to the equalization program. This piece was published in the Halifax Mail-Star and Chronicle Herald Op-Ed, April 6, 2005 and merits a reprint here in the context of much bickering among the premiers: When my parents were growing up in Alberta in the 1930s, it was a poor province – their […]

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Unemployment is low

The latest Labour Force Survey, released today, has national unemployment down 0.3 percentage points to 6.1%, the lowest monthly rate since December 1974. So low that the Daily adds the following note on comparability: Comparing current Labour Force Survey estimates to those prior to 1976 In recent months, the Labour Force Survey (LFS) has been reporting very low unemployment rates. […]

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Walkom puts Brian Day under the knife

Thomas Walkom peers more closely at the dubious arguments of Dr. Brian Day, the private health care guru on the verge of heading the Canadian Medical Association.   I went off to hear Brian Day again this week. … As always, Day was roguishly charming. A veteran of Vancouver’s scrappy media culture, he rarely bothers with building a logical argument […]

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Alberta, Equalization and a Little Irony

http://thetyee.ca/Views/2006/06/07/AlbertaEffect/ Over the years, Alberta Premier Ralph Klein has rarely missed an opportunity to poke a finger at the equalization program and to re-assert that Canada better keep its hands off Alberta's resource wealth. For King Ralph, it makes for great theatre and even better politics. Klein recently threatened to pull out of the equalization program if necessary in order […]

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