Well, nearly a year after the topic was discussed here on Worthwhile Canadian Initiative, the Canadian government has loosened the rules on how much Canadian can bring back from the United States.
The Canadian population is aging, and getting old sucks – for economies, as well as for people. There is nothing that can stop an individual from aging. Not face cream. Not hot yoga.
The Globe and Mail website doesn't cope with data and graphics easily, so I'm reproducing my most recent Economy Lab post, along with data tables that couldn't be included in the G&M piece, here:
"Consider a small open economy with fixed exchange rates. Suppose the central bank announces that it will devalue the currency by 50% one year from today. What are the consequences of this announcement?" IIRC, the whole point of the Euro was that questions like that wouldn't make any sense, and so would never need to […]
Public goods are, as defined by economists, non-rival, meaning that the cost of an additional person using the good is zero, and non-excludable, meaning that it is technologically impossible, or prohibitively costly, to prevent people from enjoying the goods. When something is a pure public good, private markets will fail to supply it in adequate […]
In 2000 Milton Friedman gave a keynote address to the Bank of Canada, which is available for download here [PDF]. The keynote itself is interesting, but moreso are his responses to a Q&A session, where he talks about issues such as the future euro and monetary policy at the zero lower bound. Here, without commentary, are […]
One more bit of quick evidence on manufacturing and its share of GDP – this time, international evidence. I found some data from the United Nations for the period 1970 to 2010 and calculated the manufacturing to GDP ratios for Canada, the other six G-7 countries as well as Brazil, China, India, Australia and also […]
The misguided notion that the shift from manufactured exports to resource exports is necessarily a bad thing has taken ferocious hold on many politicians and on much of the punditry. So I'm recycling something I wrote before to explain why it's wrong.
The debate about “Dutch Disease” is focused on the relationship between natural resource export booms, currency appreciation and the decline of Canadian manufacturing. I decided it was worth hunting up some long-term data on manufacturing’s share of Canada's economy given that my economic history background tells me that over the long-term, the share of the […]
Environment Canada has emissions data on 537 facilities in Canada. As Andrew Leach points out these only cover roughly 35% of emissions in Canada, but they provide some useful data. Unfortunately the emissions are not ranked by who emits the most. So I took it upon myself to do so, with some pretty big technical support […]
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