In this paper, we present a minimalist version of a model of bond financing and debt, imbedded in a stepwise dynamic CGE model. The proposed specification takes into account the main characteristics of bond financing. Bonds compete on the securities market with shares, so that the yield demanded...

Dans ce texte, nous présentons une version minimaliste d'un modèle de la dette obligataire qui s'inscrit dans un modèle d'équilibre général calculable dynamique séquentiel. La spécification proposée tient compte des caractéristiques suivantes des obligations: -elles sont émises à une...

Cet article présente une application expérimentale de la méthode d'estimation des flux d'échanges entre des régions par la minimisation de l'entropie croisée (mesure de Kullback-Leibler). Les flux interrégionaux ont été estimés pour 31 catégories de biens et services, entre trois...

This paper presents some of the outstanding innovations featured in the static version of the large, multisector, bi-regional computable general equilibrium (CGE) model of Quebec and the Rest-of-Canada developed for the ministère des Finances du Québec. It focuses on the marginal effective tax...

In the vast majority of recursive dynamic CGE models, the savings rate is constant and exogenous. Intertemporal CGE models, by contrast, are solved simultaneously for all periods, and agents optimize intertemporally. But the theoretical consistency of intertemporal optimization is achieved only...

This paper argues that it is both possible and necessary to analyse university costs in a detailed and coherent way. Such analysis should rest on a model of production. In the model proposed here, production results from the coordinated operation of several activities. The structure of these...

In a special 1975 issue of L'Actualité économique, Tadek Matuszewski stated some of the key ideas underlying his work. Those ideas have had much influence on economic modeling in Québec and in Canada, both in projects directed by Matuszewski himself, and in those of his associates and former...

This study uses data from a census of establishments and jobs to show that Montreal follows quite closely the location patterns predicted by microeconomic theory concerning the spatial concentration of each activity and its spatial association with all activities taken together, and with each of...

Using 1981-1982 data on the 44 public community colleges in Québec (collèges d’enseignement général et professionnel), this study examines relationships between the amount of expenditures and two groups of explanatory variables. The first group is made up of variables measuring different...

The scarcity of data is a widespread problem in applied regional and metropolitan economic research. This note discusses three pragmatic methods to estimate employment from the size-distribution of establishments: the class-interval mid-point method (MP method), lognormal smoothing, and...