The Kyoto Clean Development Mechanism (CDM) is the first “global” and largest carbon offset instrument, supplementing national or regional cap and trade systems such as the European Union’s Emission Trading Scheme (EU ETS). This paper draws on weekly IDEACarbon survey data from 2008 to...

It has been said that insurance is the last of the financial services to accept radical change (Denney [1995-1996]). Yet there has been a fundamental shift in the geographic location and in the organization of the reinsurance industry in the last six years (Chichilnisky [19966]). Global...

This book is a comprehensive guide to the Millennium Round of multilateral trade negotiations which will be launched at the Third WTO Ministerial Meeting in Seattle in early December 1999. It deals in a readable way with the many difficult and controversial issues that will arise during the...

This paper examines the need for the parent and grandparent immigration program in Canada and provides critical observations on its objectives and operations and offers empirical estimates on its costs. And, as a contribution to the Government’s recently launched consultations on how to...

The paper examines the data for Canadian exports to the United States that have been cited as prima facie evidence of a "thickening of the border." It estimates that Canadian exports of goods, excluding energy and forestry products, to the United States have been 12.5 per cent lower than would...

This paper considers the meaning of full employment and attempts to gauge the appropriate level of "sustainable" full employment. The second section of the paper reviews the various theories of employment that have been applied to gain an understanding of the concept of full employment. The...

This paper presents the simplest supply-and-demand textbook model of how immigration works in a market economy (Borjas, 1999, pp.89-93). While it may be oversimplified in that it assumes that all labour is homogeneous and that machinery and equipment, land, and other productive resources are...

In an article in the American Economic Review, Jonathan R. Kesselman, Samuel H. Williamson and Ernst R. Berndt presented a Table showing the effect of substituting a marginal employment tax credit (METC)for the investment tax credit (ITC) over the 1962 to 1971 period. Their METC was defined in...

This paper reviews the issues raised by inflation and the taxation of business and investment income under an income tax. Some evidence on the tax-induced distortions caused by inflation are presented. This includes estimates of the marginal real tax rates on new investment and the user cost of...

Two major trends in the world economy are international migration and environmental degradation. The object of the paper is to analyze the connection between these two trends, which have generally been analyzed in isolation. Here we represent a world economy in which the exploitation of natural...