This paper asks whether synergies or managerial discipline operates in different ways across small versus large plants to affect the likelihood of mergers. Our findings indicate that those characteristics which provide the type of synergies upon which ownership changes rely are important factors...

Dans le present document, on examine le rendement de l'investissement au Canada et aux Etats Unis en explorant les similarites et les differences des investissements en actifs fixes de 1990 a 2011, periode durant laquelle les deux pays ont subi des chocs differents. Le declin important des...

This paper examines the investment performance of Canada and the United States, exploring similarities and differences in investments in fixed assets over the 1990-to-2011 period. This is a period when the two countries experienced different shocks. The United States suffered from a major...

Le present article porte sur les defis qu'a du relever le secteur de la fabrication au cours du dernier demi-siecle, en examinant a la fois les resultats de long terme et ceux de court terme. Pour commencer, nous cherchons a savoir s'il existe des preuves que la fabrication a connu un declin de...

This paper examines the challenges that the manufacturing sector has faced over the last half century focusing on both long- and short-term performance. It first examines whether there is evidence that this sector is in long-term decline. The paper also investigates how the industry has...

The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth to major sources of labor market determinants, in the...

It has been shown that under perfect competition and a Cobb-Douglas production function, a basic real business cycle model may exhibit indeterminacy and sunspot fluctuations when income tax rates are determined by a balanced-budget rule. This paper introduces in an otherwise standard real...