The paper examines the possible explanations for deviations from purchasing power parity (PPP) between Canada and the United States in the 1980s and 1990s and investigates both the productivity effect and the underlying PPP assumption for tradable goods.

Le present document de recherche etudie les changements observes au niveau de la diversification des entreprises et des usines depuis le debut des annees 70 dans le secteur canadien de la fabrication. Il revele qu'il y a eu, en general, une augmentation de la specialisation tant des entreprises...

Nous examinons si la liberalisation des echanges influe sur la rentabilite et le levier financier a l'aide de donnees canadiennes de la periode ayant suivi l'entree en vigueur de l'Accord de libre-echange entre le Canada et les Etats-Unis. Nous constatons que, en cas de reduction des tarifs...

Recent studies have shown that companies with relatively high debt-to-asset (leverage) ratios exhibit more variability in investment and employment patterns. Other studies argue that high aggregate corporate leverage is associated with macroeconomic instability. This paper establishes and...

We investigate whether trade liberalization affects profitability and financial leverage, using Canadian data from the period following implementation of the Canada-U.S. Free Trade Agreement. We find that falling domestic tariffs are associated with declining profits and increasing leverage for...

This paper studies changes in diversification of firms and plants since the early 1970s in the Canadian manufacturing sector. It finds that there has been a general increase in specialization of both firms and plants. Firms have been continuously reducing the span of industries in which they...

Dans le cadre de cet article, on examine si les Canadiens paient plus cher que les Americains pour les biens et services qu'ils achetent, en utilisant les donnees relatives aux prix de 160 produits pour chacune des cinq annees etudiees (1985, 1990, 1993, 1996 et 1999).

Over the past three decades, tariff barriers have fallen significantly, leading to an increasing integration of Canadian manufactures into world markets and especially the U.S. market. Much attention has been paid to the effects of this shift at the national scale, while little attention has...