In 2010, the unemployment rate among immigrants aged 15 to 64 was 12.4 % in Quebec, compared to 10.4 % in Ontario and 8.8 % in British Columbia. The ratio of the unemployment rates of immigrants to those of the Canadian born was 1.7 in Quebec, 1.3 in Ontario, and 1.2 in British Columbia. The...

In the field of economics, a vast literature has attributed the rise of global value chains to globalization-related forces such as declining costs of transportation, improvements in communications technology, and institutional and policy reforms in developing countries. Through an in-depth...

Latin America has a rich history of financial crises. However, it was relatively unharmed by the 2007-2009 Global Financial Crisis (GFC). This paper investigates why, and in particular the role of commodity prices and its institutional framework - in line with the fourth generation financial...

We model capacity-building investments in a homogeneous product duopoly facing uncertain demand growth. Capacity building is achieved through the addition of production units that are durable and lumpy and whose cost is irreversible. While building their capacity over time, firms compete à la...

Using the four Biotechnology Uses and Development surveys of Statistics Canada, we analyse the relative importance of funding and support as well as collaboration and contracting, R&D and IP strategies on the propensity to patent of Canadian biotechnology firms. Our model accounts for the...

In a stylized model of international trade, firms in the North indirectly export second-hand products to a representative firm in the South to be reused as intermediate goods, with potential trade gains. The level of reusability of waste products is a crucial choice variable in the North. This...

This paper assesses the merits of countercyclical bank balance sheet regulation for the stabilization of financial and economic cycles and examines its interaction with monetary policy. The framework used is a dynamic stochastic general equilibrium modelwith banks and bank capital, in which bank...

Examining the global reinsurance market for catastrophic losses, we propose a new theory of optimal risk sharing that finds its inspiration in the economic theory of the firm. Our model offers a theoretical foundation for the vertical and horizontal tranching of insurance contracts (also known...

Les études sur les avantages financiers des initiatives de Promotion de la santé au travail (PST) se multiplient. L'intérêt pour ces études provient à la fois des entreprises et des gouvernements. D'une part, les entreprises perçoivent ces programmes comme un moyen potentiel d'augmenter...

L'offre de programmes universitaires dans des sites délocalisés (hors-campus) est un phénomène qui a suscité relativement peu d'attention de la part des chercheurs et des analystes en matière de politiques publiques. Une revue exhaustive de la littérature sur ce phénomène n'a révélé...