Tag Archives: economy
As the Federation Turns: Quetarian Public Finances
Quebec and Ontario, the twin pillars of the Canadian federation, have much in common given that they share the economic space of the Windsor-Quebec axis – an economic region nestled around the Great Lakes-St. Lawrence waterway. Once upon a time, they were even one province but that fiery marriage had its ups and downs and […]
Why Dalton McGuinty Desperately Needs a U.S. Economic Recovery
Recent reports suggest that the federal government may be seeing some improvements on the deficit front due to increases in revenue. However, no such luck seems to be gracing Ontario. Indeed, the Drummond’s report forecast of continued lackluster revenue growth for Ontario due to its weak economy has placed Ontario’s government in a bind.
Why I’m Not Worried About Italy’s Economy
With all the doom and gloom about Europe’s economy and the debt crisis, some recent statistics from the Italian Central Bank caused me to reflect that despite its problems, the Italian economy is more robust than one might think because of its strong performance when it comes to private wealth.
The Gambling Economy: A Zero Sum Game?
Two stories in the Toronto Star this week have left me wondering if there is a new grand strategy at work for transforming Ontario’s economy in the wake of its manufacturing decline.
General Gluts, Secular Stagnation and the World Economy
The head of the International Monetary Fund warned today on her visit to Beijing that the global economy faces the risk of a "lost decade" with little or no growth and that without action, the world faces worsening financial instability and a possible collapse of demand. This news item also coincided with my morning lecture […]
Does Economic Growth Lower Workplace Absenteeism?
It’s just past the middle of the term and the number of students coming to class seems to have taken a bit of a drop and there seem to be a lot of people off sick. It has also been a particularly gloomy few days in the news with talk of recessions and rumors of […]
Net Worth, Wealth Effects and Recessions
According to a report by Bank of Nova Scotia economists Derek Holt and Karen Woods, Canadian businesses have begun to pull back on investment and accumulate inventories which may be a sign that the economy is about to head into another recession. After the surprise second quarter drop in GDP, if there is another drop, […]
Employment and Political Regimes: Some Ontario Evidence
According to a recent Nanos poll conducted for the Globe and Mail, after health care, the economy/jobs is the top concern of Ontario voters this fall election. Ontario voters may be interested on how employment growth has fared in their particular neck of the woods under various political regimes.
Is the Dreaded Double Dip Near?
Statistics Canada has released the Canadian economic accounts with GDP estimates for the second quarter of 2011. Overall, real gross domestic product or GDP declined by 0.1 percent in the second quarter following a 0.9 percent increase in the previous quarter.
Bulgarian snapshots: An economist on holiday
It's been 20 years since the Soviet Union collapsed, taking the Bulgarian economy with it. Twenty years of transition and rebuilding. Bulgaria has (mostly) abandoned communism, (mostly) embraced capitalism and, in 2007, joined the European Union. All of which makes it a great place for an economist's holiday…
Worthwhile Canadian Initiative 
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