Vol.1 Mai 1994; Vol.2 Mai1994

This paper examines the effect of technological change on the relative demand for skilled workers across Canadian industries. Using data from a number of Canadian labour market surveys, the paper explores two questions: (1) has skill intensity risen across industries over the 1981-94 period; and...

In this paper we study how aggregate output responds to the arrival of a new General Purpose Technology (GPT) by looking at adjustment mechanisms that operate through labor markets. We show that under a wide set of circumstances the arrival of a new GPT that raises long-run output can trigger a...

We examine the effects of the interaction between lobbying and legislative bargaining on policy formation. Two systems are considered: a US-style congressional system and a European-style parliamentary system. First we show that the policies generated are not intermediate between policies that...

World merchandise exports amounted to 5.3 trillion us dollars in 1997 and exports of commercial services amounted to 1.3 trillion. These are unpecedented volumes that have expanded much faster than income in the post-war period. More than half of the volume of merchandise trade flows amongst...

We develop an equilibrium model of industrial structure in which the organization of firms is endogenous. Differentiated consumer products can be produced either by vertically integrated firms or by pairs of specialized companies. Production of each variety of consumer good requires a unique,...