This lecture examines the issue of federal-provincial relations in the particular case of the Canada-Quebec relationship. The lecture is divided into three parts. The first one presents evidence on the relative strength of the provincial and federal governments in Canada in an attempt to assess...

To what extent can financing constraints, which have been so central to foreign debt related explanations of investment decline in heavily indebted economies, account for low investment rates in Mexico after 1982? In order to investigate the implications of financing constraints hypothesis on...

This paper proposes a unified framework for the Sen indices of poverty intensity, which shows an explicit connection between the indices and the common underlying social evaluation function. This paper also identifies the common multiplicative decomposition of the indices that allows simple and...

The Gini coefficient or index is perhaps one of the most used indicators of social and economic conditions. From its first proposal in English in 1921 to the present, a large number of papers on the Gini index has been written and published. Going through these papers represents a demanding...

This paper analyzes income and consumption risk resulting from fluctuations in the terms-of-trade in a small open economy when factors can be reallocated after incurring a fixed cost. This fixed cost of relocation across sectors introduces partial labor mobility and sector-specific uncertainty....

This paper explains why mainstream equilibrium analysis is an unsuitable framework for explaining economic development. The authors present another approach. They apply it in the form of explanations of the two episodes of the post WWII era, golden age and what they refer to as the age of decline.