In the first section, the impact of a shift in international demand on the price level of a small and open economy is analysed in the framework of the IS and LM diagram and under the assumption of a fixed exchange rate; only short run implications are derived from the analysis. In this keynesian...

In this medium term model of the Quebec economy, output in the various sectors of the economy is determined by demand. The different components of final demand take into account the volume exports of Quebec output to the rest of Canada and to the United States. Employment in the various sectors...

In this paper, we estimate on the basis of the human capital theory and its empirical applications in a market economy, the competitive wage rate of the Quebec construction workers who are covered by the so-called Construction Decree. Our results are consistent with past studies on the matter...

Final demand determines output in commercial non agricultural industries (Q). Employment is linked to Q by a distributed lag mechanism. In turn employment has an impact on other parts of model. In particular employment appears as a determinant of the labour supply and of the distribution of...

In this paper, we examine some of the factors that will have a major effect on the economic cycle in the next few years. In particular, the impact of deflation, energy prices, capital costs and government deficits on income and expenditures behaviour is discussed.

In the context of a moderate growth in output and of a rise in the trend of productivity, we forecast that employment and labour force growth will be approximately equal over the 1985-91 period in Canada such that the unemployment rate will fluctuate around an average of 11%. On the other hand,...

The provincial decree applying to the construction industry in Quebec has created a situation of bilateral monopoly in that segment of the labor market (unions on the supply side and entrepreneurs on the demand side). If negotiations are undertaken at a time where business conditions are...