This report aims to provide a basis for understanding the strengths and weaknesses of the current system, in comparison to rail systems elsewhere in the world, and provide an analytical basis for identification of opportunities for further improvement. It also discusses risks in relation to...

The great recession of 2008-2009 resulted in a large fall in trade relative to output. Real trade fell roughly three times more than real GDP in the U.S. and Mexico, and by a factor of five in Canada. The decline in trade and output was particularly large in sectors with high levels of...

Existing results on the contribution of terms of trade and world interest rate shocks to output fluctuations in small open economies range from less than 10% to almost 90%. We argue that an identification problems lies at the heart of these vastly different results. In this paper, we overcome...

In this paper we examine the issue of asymmetry in the return and volatility spillover effects from the US equity market into the Canadian and Mexican equity markets. We model the conditional volatility of the returns in each of the three markets using the asymmetric power model of Ding, Granger...

The premise of the Children in North America Project lies in the kind of world we live in today, an increasingly interdependent, complex, and connected world. It is a small world where school children living in a desert state or a prairie province know all about a tsunami because of images of...

This paper provides an overview of poverty in North America. In it we look at the three countries of North America, Mexico, the US, and to a lesser extent Canada and attempt to both describe poverty as it exists in the three countries and explore some of the correlates of poverty. In doing so,...