In this paper we take a preliminary step towards explaining the stylised facts, by examining the proximate causes for regional macroeconomic fluctuations in Australia.

Business sector productivity growth is central to Canadians' future prosperity. This article reviews the performance of the Canadian business sector in improving labour and multifactor productivity and examines possible factors underlying recent developments. The article links weak multifactor...

This paper looks at the changing nature of regulation making with a special emphasis on the role that economists should play. It focuses specifically on the processes used to develop regulations. It argues that the traditional process for regulation making is breaking down and that the quality...

We develop a version of the differencing specification test which may be used to test models with serially correlated errors. The test is worked out for the general case, and in more detail for the commonly-encountered case of models with AR(1) errors. As an example, the test is applied to a...

In this paper the authors consider both the transitional and long-run implications of one aspect of changing Canada's constitutional structure--dividing the federal debt. They argue that it may be very difficult to agree on a division formula and particular regions may have strong incentives to...

In this paper, the author uses a simple but powerful technique to examine two models of the term structure for an open economy. Cointegration tests using two data sets for Canada and the United States support the open economy model based on uncovered interest parity as an explanation for the...