Download or read book Business Cycles in Canada written by Maurice Lamontagne and published by Lorimer. This book was released on 1984-01-01 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written in 1984, this book is a powerful argument for seeing economic depression as the trough of a long historical cycle that has much more to do with transitions in technology and the social climate than with price shocks and government intervention. Drawing on extensive business literature and his own first-hand experience in Canadian economic policy-making, Maurice Lamontagne anatomizes the workings of the three types of business cycle: the short-term "inventory" cycle, lasting about forty months; the intermediate "investment" cycle, lasting seven to ten years; and the "long wave," which some theorists say last bottomed out in the 1930s. Each cycle has different causes, effects and urgent policy requirements, yet too often they are overlooked or lumped together. Business Cycles in Canada is a closely-argued appeal for governments and economists to look beyond short-term fluctuations to the social and technological underpinnings of our economic well-being.
Download or read book Business Cycles in Canada written by Maurice Lamontagne and published by James Lorimer & Company. This book was released on 1984 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the back cover: Maurice Lamontagne reveals the workings of three types of cycles: the short-term "inventory", cycle, lasting about forty months; the intermediate "investment" cycle, lasting seven to ten years; and the "long wave," which some theorists say last bottomed out in the 1930s. Each cycle has different causes, effects and urgent policy requirements, yet too often they are overlooked or lumped together. Governments and economists are preoccupited with short-term fluctuations that see the economy apparently picking up one year, then declining the next - while all along, the root social and technological causes of the economy's sluggishness aren't addressed. Lanontagne chronicles Canada's attempts to respond to short- and medium-term business cycles, and focuses on the implications of the long wave cycle for Canada. Long waves have been generated by technological innovations that coincided with a hospitable socio-political environment. We are now in a period when the economy built on "third wave" breakthroughs in transportation, communication and electricity in the 1890s is in decline, yet powerful vested interests are preventing a full transition to the infant technologies of the 1950s and 1960s: computers, new energy sources, genetic engineering and the space and ocean industries.
Download or read book Business Cycles in Canada written by Derek A. White and published by . This book was released on 1967 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Turning Points written by Philip Cross and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market-based economies tend to exhibit cyclical behaviour. The recent financial crisis, with devastating impacts that are still being felt today, has added urgency to the drive to improve our understanding of business cycles. Pinpointing key turning points in the economy, meaning when recession takes hold or growth resumes, is vital for policymakers, businesses and consumers alike. In this paper, the authors clarify how best to define a recession and measure its severity. And, to create a foundation for further research in this area, we provide an authoritative set of business cycle dates for Canada, going back to 1926. These dates were reviewed and approved by the C.D. Howe Institute Business Cycle Council.
Download or read book The Canadian Economy written by A. E. Safarian and published by McGill-Queen's Press - MQUP. This book was released on 2009 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: An updated classic on Canada's Great Depression with insights for the current global financial crisis
Download or read book Real Business Cycles in as i e A Small Open Economy written by Enrique G. Mendoza and published by London : Department of Economics, University of Western Ontario. This book was released on 1988 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book REAL BUSINESS CYCLES IN AS SMALL OPEN ECONOMY THE CANADIAN CASE written by Enrique G. MENDOZA and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Phases of the Canadian Business Cycle written by Philip M. Bodman and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we contrast a number of univariate models of Canadian GDP. Our preferred models are used to provide a business cycle chronology for Canada, which is compared with some existing, more judgmentally determined chronologies. We find that a simple, 'two quarters of negative growth' rule for determining recession dates is the most similar to our chronology. We also find that the most recent recession in Canada was unique in both its length andthe slow speed of recovery.
Download or read book Canada in the World Economy written by John A. Stovel and published by Harvard University Press. This book was released on 1959 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: In his study of Canada, John A. Stovel examines the changes in that country's balance of payments and balance of trade from confederation to the present day, including as part of his examination historical, statistical, and theoretical points of view. The author also reexamines critically--and finds himself in sharp disagreement with--Jacob Viner's classic in the field, Canada's Balance of International Indebtedness, 1900-1913, which has long been considered the definitive analysis of the subject. Developing in Part I an eclectic theory of international balance of payments, and in Part II concentrating on the Canadian balance of trade and balance of payments in relation to economic developments preceding World War I, Stovel carefully prepares the foundation for a critique of Viner's analysis of the period 1900-1913. Discussing the inadequacy of the Mill-Taussig theory and its empirical verification, and observing the extent to which the newer theoretical developments have afforded increased understanding, Stovel criticizes Viner's statistics and the use to which they were put. He delineates with telling clarity the mutual interaction of many elements in cyclical growth development, as opposed to the oversimplified and inadequate causal links of the earlier theory. In addition to the wealth of analysis of the earlier period, the author investigates the interwar period, with the postwar boom and the depression of the thirties, presenting a careful analysis of the structural changes in the balance of payments during this period as well as indicating the change in Canada's relation to the United States and Great Britain. The concluding section of the book deals with the period following World War II, and the author indicates the possible lessons to be learned from Canada's experiences and the improvements in government policy that have taken place, especially with respect to exchange rates.
Download or read book Perspectives on the Canadian Economy written by Lawrence J. Murphy and published by . This book was released on 1977 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Foreword: The unstable performance of the Canadian economy in the 1970s and the emergence of apparent problem areas of a persistent nature have led to widespread concern over Canada's economic future. Whether or not these problems are due to structural changes or cyclical phenomena is difficult to determine at the present time because of the amplitude of the recent business cycle and the occurrence of unusual events in the international economy....The present study is designed to review economic developments in Canada in recent years and in the process disentangle cyclical from structural changes.
Download or read book Sources of Business Cycles in Canada written by Christian Dea and published by . This book was released on 1990 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explanations for the co-movements of economic aggregates depend to a large extent on the type of innovations that give rise to those movements. In contrast, the viewpoint of real business cycle theorists is that variations in the economic aggregates are the result of agents' optimizing behaviour in the face of supply shocks such as shifts in technology and tastes. Two distinctive theories have recently developed restrictions that allow supply and demand shocks to be identified. This paper applies these techniques to the Canadian data over the period 1966-88.
Download or read book Global Business Cycles written by Mr.Ayhan Kose and published by International Monetary Fund. This book was released on 2008-06-01 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups-industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose macroeconomic fluctuations in key macroeconomic aggregates-output, consumption, and investment-into different factors. These are: (i) a global factor, which picks up fluctuations that are common across all variables and countries; (ii) three group-specific factors, which capture fluctuations that are common to all variables and all countries within each group of countries; (iii) country factors, which are common across all aggregates in a given country; and (iv) idiosyncratic factors specific to each time series. Our main result is that, during the period of globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies and among the group of emerging market economies. Surprisingly, there has been a concomitant decline in the relative importance of the global factor. In other words, there is evidence of business cycle convergence within each of these two groups of countries but divergence (or decoupling) between them.
Download or read book Inventories and the Business Cycle written by Clarence L. Barber and published by . This book was released on 1958 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economic Development of Canada written by Richard Pomfret and published by Routledge. This book was released on 2013-11-05 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2005. The aim of this book is to provide an introduction to and interpretation of the development of the Canadian economy since European settlement. The main contrast between the book’s view and previous interpretations of Canada’s economic past is that, instead of emphasizing the continuity of Canadian economic development (with staple exports playing the leading role), the focus is on the transition from the sparsely populated colonial economy of the early nineteenth century to the modern economy ranking among the seven largest market economies whose leaders now meet for economic summits.
Download or read book Landscapes of Injustice written by Jordan Stanger-Ross and published by McGill-Queen's Press - MQUP. This book was released on 2020-08-20 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1942, the Canadian government forced more than 21,000 Japanese Canadians from their homes in British Columbia. They were told to bring only one suitcase each and officials vowed to protect the rest. Instead, Japanese Canadians were dispossessed, all their belongings either stolen or sold. The definitive statement of a major national research partnership, Landscapes of Injustice reinterprets the internment of Japanese Canadians by focusing on the deliberate and permanent destruction of home through the act of dispossession. All forms of property were taken. Families lost heirlooms and everyday possessions. They lost decades of investment and labour. They lost opportunities, neighbourhoods, and communities; they lost retirements, livelihoods, and educations. When Japanese Canadians were finally released from internment in 1949, they had no homes to return to. Asking why and how these events came to pass and charting Japanese Canadians' diverse responses, this book details the implications and legacies of injustice perpetrated under the cover of national security. In Landscapes of Injustice the diverse descendants of dispossession work together to understand what happened. They find that dispossession is not a chapter that closes or a period that neatly ends. It leaves enduring legacies of benefit and harm, shame and silence, and resilience and activism.
Download or read book Canadian Business Cycles and United States Economic Activity 1896 1939 written by Ernest H. Oksanen and published by . This book was released on 1978 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cross of Gold written by Georg Rich and published by McGill-Queen's Press - MQUP. This book was released on 1988-01-15 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: An intriguing view of the Canadian economy before WWI, this study fills a gap in the existing literature on the economic history of Canada. Using improved monetary statistics, the author explains how the business cycle worked under the gold standard, and takes an in-depth look at the roles the banks, the government and the public played in relation to Canada's balance of payments and the gold stock.
