This paper considers how the structure of an open economy determines its flexibility in responding to external shocks. Inter- and intrasectoral reallocation of both expenditures and factors of production are shown to mitigate the consequences of a severe terms-of-trade shock. We demonstrate that...

The goal of this paper is to compare the well-being of young children in Canada, Norway and the United States. Many economic models focus on children's eventual well-being by adopting an investment perspective. While this is important, children's well-being today should also count when we assess...

Direct measures of skill attainment, such as the International Adult Lite racy Survey, have been justified as a way to assess the relative importance of specific skills in determining labout market oucomes, but such scores are the product of complex statistical procedures, and alternative...

One of the costs of high levels of in ation may be misperceptions of relative prices and excessive volatility in sectoral output. This paper therefore examines the relationship between the level of inflation and sectoral output growth variability in Canada from 1961:1 to 1995:4. Despite the...

This paper uses a poverty intensity measure to provide additional empirical evidence on the assimilation of immigrant cohorts over time in Canada. This method is used because a reliable, and conservative, indicator of the poor integration of immigrants is the disproportional, prolonged poverty...