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The tertiary education system in Canada performs well in fostering a skilled workforce with generally good labour-market outcomes and is internationally recognised for its research contributions. Tertiary educational attainment is high, but participation rates will need to continue expanding to...
Persistent link: https://www.econbiz.de/10011276983
and expenditure assignments. This link reflects traditionally weak support for redistribution across jurisdictions. Grants … taxation could reverse this trend. Finally, state balanced budget requirements appear to have had salutary effects, but more … substituant à ces impôts une forme de taxation indirecte qui créerait moins de distorsions. Enfin, l’obligation d …
Persistent link: https://www.econbiz.de/10005045748
The downturn in fixed investment among advanced economies from the onset of the global crisis was unusually severe, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries, not only in relation to past norms but also...
Persistent link: https://www.econbiz.de/10011276786
This paper aims at providing an overview of the theoretical considerations and a review of the empirical literature on the relationship between finance and growth. Section I describes the role of financial development in economic growth at the macro level, both theoretically and empirically....
Persistent link: https://www.econbiz.de/10012444188
Despite the increased capital mobility that has accompanied the trend towards liberalisation and international integration of financial markets, differences remain in financing costs and, in particular, the cost of capital, that similar businesses face in different countries. These differences...
Persistent link: https://www.econbiz.de/10012444631
The manufacturing sector has contributed little to income growth and its share in total merchandise exports has been … declining. Manufacturing has not brought much new employment, and most of the recent rise in manufacturing employment has been … manufacturing sector is low, partly because the relatively small size of manufacturing firms makes it difficult to exploit economies …
Persistent link: https://www.econbiz.de/10011276811
productivity growth in manufacturing vis-à-vis services. Such a gap is due not only to improvements in the manufacturing sector but … inability of productivity growth in manufacturing to create positive spill-over effects on services. Persistence of barriers to … liberalisation in services as well as the dominant type of technological progress in manufacturing, based on improving the efficiency …
Persistent link: https://www.econbiz.de/10011276815
The constant market share analysis framework is used to decompose changes in Spain’s share of the global market for goods exports into competitiveness and structural effects (i.e. the impact of specialisation, either in product or geographical terms) over 1996-2013. As other high-income...
Persistent link: https://www.econbiz.de/10011276857