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In this chapter, Don Drummond makes the case that with large deficits there was little room for the Bank of Canada to reduce interest rates to stimulate the economy and generate revenues. It was imperative that the deficit be eliminated. Tax rates were already high so the government had no...
Persistent link: https://www.econbiz.de/10005157589
that he developed throughout the decade. While not denying that the US economic slowdown in the early 1990s reduced growth …
Persistent link: https://www.econbiz.de/10005157590
In this chapter, Frank Graves examines the relationship between what he describes as the "official economy," as portrayed by conventional measures of economic performance, and public perceptions of the state of the economy. He also considers the public's understanding of the relationship between...
Persistent link: https://www.econbiz.de/10005157591
Skills, innovation and human capital as they feature prominently on the policy agenda of industrialized countries concerned with productivity and competitiveness issues. Not surprisingly, formal education is the preferred and most conventional policy instrument of governments in pursuing these...
Persistent link: https://www.econbiz.de/10005481812
The issue of sustainability of natural capital and implications for economic growth ranks high in the interests of both …
Persistent link: https://www.econbiz.de/10005481813
monetary policy in the early 1990s hurt growth in the short-term, but they argue that such action was necessary to ratchet down …
Persistent link: https://www.econbiz.de/10005481816
In this chapter, Tony Fisher and Doug Hostland provide an historical perspective on trends in labour productivity, labour income and living standards in Canada. They find that, once the appropriate adjustments are made, the labour share and the non-labour share (composed of profits, interest and...
Persistent link: https://www.econbiz.de/10005481819
In this chapter, Graves and Jenkins explore the attitudes of Canadians to productivity. The distinction between our standard of living and our quality of life is a powerful one for Canadians generally. The economic citizen who emerges from Graves and Jenkins data is relatively aware of the terms...
Persistent link: https://www.econbiz.de/10005481820
Quebec’s relative growth performance with Ontario has always been an issue of concern for economic historians. In his …, employment and the demographic structure, and finds that faster growth in output per worker in Quebec was the most important … Ontario, up from 83 per cent in 1954. Faster growth in the working age population accounted for 35 per cent of the decline in …
Persistent link: https://www.econbiz.de/10005481825
. Previous literature and empirical work provides a strong consensus that growth reduces poverty, and several recent studies have … also found that the higher is income inequality within a country the more limited is the impact of growth on reducing … poverty. But in dynamic economies most economic growth comes from productivity growth, and few studies have tested the …
Persistent link: https://www.econbiz.de/10005481839