This paper utilizes the growth accounting framework to derive and analyze the relationship between the rate of growth of output and the ratio of investment to output. With plausible parametric assumptions this framework is used to examine the recent controversy in Fiji on investment and growth....

We have constructed some preliminary comparisons involving present-day immigrants and natives, as well as their children, based on the 1990 Census. In particular we are interested in whether the prognosis for the second generation is as grim as recent discussions of "second generation decline"...

Phased-in tax reductions are a common feature of tax legislation. This paper uses a dynamic general equilibrium model to quantify the effects of delaying tax cuts. According to the analysis of the model, the phased-in tax cuts of the 2001 tax law substantially reduced employment, output, and...

In this paper the author examines whether there is significant evidence of the effect of adjustment costs on Canadian labour demand. This is an important question, as sluggish adjustment of labour demand resulting from significant adjustment costs may be one factor that could help explain some...

This paper presents a non-parametric procedure to analyze the effects of different factors on observed movements in any distribution. These effects are estimated by applying kernel density methods to weighted samples in order to obtain counterfactual distributions. The advantage of this approach...

This article looks at the ways that anti-corruption in Africa reflects upon broader principles of donor assistance.

Résumé : Cet article tente de concilier deux courants de la littérature, l’un qui montre l’effet favorable du développement financier sur la croissance économique, l’autre l’effet défavorable des crises financières. L’hypothèse centrale est que l’instabilité du...

The Personal Responsibility Act, recently enacted in to law, effectively transforms the American welfare system from one of entitlement to a decentralized hodgepodge of programs intended to move people off of welfare. No longer is federal funding guaranteed, but it is subject to the annual...

Full employment is normally associated with structuralrigidities that may result in production bottlenecks and inflationary pressures. Flexibility or elasticity of the production system istherefore a desirable feature of an economic system. Many standardmodels, however, exhibit flexibility...

This paper investigates the argument that the working poor are poor because they work too few hours. I find that although working additional hours reduces the chance of poverty, most of full-time and year-round, due to the low wages they receive. In addition, of those who could climb out of...