Following the 1993 recommendation of the United Nations System of National Accounts, Statistics Canada has switched to using the Fisher chain formula as the official measure to record real expenditure-based GDP in the national accounts in May 2001. This eliminates the substitution-bias problem...

This paper reproduces the works of Hamilton (1983) and the subsequent authors for the Canadian case to assess the empirical relationship between energy prices variations and economic activity in Canada. We use crude oil and natural gas prices (separately and together) as energy prices, and also...

The focus of the paper is on the extent to which human capital formation (specifically, post-secondary education and training) benefits society in general, and productivity growth in particular, over and above its benefit to the individual. The paper provides a comprehensive review of the...

The worker to non-worker ratio in Canada is forecasted to fall dramatically over the next few decades due both to demographic pressures and the recent decline in the average age of retirement. If governments desire to reverse these trends, it is necessary to determine whether altering Canada’s...

In contrast to many countries, such as the Unites States, it is easier to monitor actual changes in Canadian economic activity because Statistics Canada reports an estimate of the real GDP at factor cost each month. But this measure of the state of economic activity, including its quarterly...

The subject of tax interactions, such as tax competition, has become pervasive in government discussions and in the media in Canada over the past few years. These interactions may become more widespread as provinces gain greater flexibility in personal income taxes through a tax-on-income system...

Using a pseudo-panel of cohort data and a straightforward decomposition of consumption, we address the question of whether Canadians are currently able to meet the goals set out in Canada’s retirement income system, and whether they are likely to meet them in the future. Specifically, do...

This paper develops a two-sector (final goods and human capital) general equilibrium endogenous growth model with government spending financed by the three distorting taxes. Endogenous labour-leisure choice is considered. The growth is driven by physical and human capital accumulation as well as...