When both economies of scale and scope are simultaneously observed, merger tends to reduce costs. Numerous empirical studies have already established that beyond a certain size, banks’ costs tend to become proportional, thus establishing a limit to economies of scale and scope. We verify if...

In order to identify the variables influencing the Canadian housing market, we estimate a structural model on annual data from 1956 to 2001. This model simultaneously explains the behaviour of the real average housing price and the change in the housing stock as measured by the number of housing...

Using accounting data from 1,073 Caisses populaires et d’économie Desjardins, we estimated a translogarithmic multi-product cost function enabling us to test for economies of scale and scope. Using the production approach, we defined six products, three inputs and three control variables to...

This paper seeks to identify the source of the persistent gap between Canadian and US unemployment rates and why the gap has widened more for women than for men. A graphical method is proposed to distinguish between employment shocks and changes in the activity rate. The labor market is also...

The tax system implicitly subsidizes owner-occupants by not taxing the imputed rent produced by the housing capital as well as the capital gain realized on owner-occupied houses. The renters also benefit from the tax system due to the lower tax rate on capital gain and to the capital cost...