Government of Canada

About: Government of Canada is a government organization based out in Ottawa, Ontario, Canada. It is known for research contribution in the topics: Monetary policy & Productivity. The organization has 796 authors who have published 886 publications receiving 21366 citations. The organization is also known as: federal government of Canada & Her Majesty's Government.

Is There Anybody Out There? Detecting Operational Outages from LVTS Transaction Data

Abstract: Canadian Large Value Transfer System. We define an operational outage as either no or unusually low activity. We test our algorithm against a database of outages by participants reported in order to reduce false negatives. The false positives can be reduced by excluding “outages found” by the algorithm if a participant historically has no payment in a given five minute time interval. Additionally, we can test whether participants do indeed report all their operational outages. The results show that our algorithm works best for the largest participants as they send in payments continuously. Our method can be used by LVTS system operators and overseers to identify sources of operational risks.

Inward fdi and productivity performance in canadian industries: does the country of origin matter?

Abstract: This paper investigates whether the productivity impact of inward FDI in Canada differs by country of origin. Using panel data on Canadian industries, we find that only FDI originating from the U.S...

Regime Switches in the Risk-Return Trade-Off

Abstract: This paper deals with the estimation of the risk-return trade-off. We use a MIDAS model for the conditional variance and allow for possible switches in the risk-return relation through a Markov-switching specification. We find strong evidence for regime changes in the risk-return relation. This finding is robust to a large range of specifications. In the first regime characterized by low ex-post returns and high volatility, the risk-return relation is reversed, whereas the intuitive positive risk-return trade-off holds in the second regime. The first regime is interpreted as a "flight-to-quality" regime.

Responses to Trade Liberalization: Changes in Product Diversification in Foreign- and Domestic-Controlled Plants

Abstract: This paper studies the impact that a small country joining a regional trade agreement, but particularly a small country, might be expected to gain from the exploitation of scale economies. It makes use of the experience of Canada when it entered into the Canada-United States Free Trade Agreement (FTA) in the early 1990s.It finds that there was a general increase in the pace of plant commodity specialization around the time of implementation of the Free Trade Agreement. At the time of the treaty, plant diversity was found to be higher in larger plants and in industries with assets that are associated with scope economies. Diversity was also higher in industries that had higher rates of tariff protection.Over the 1980s and 1990s, plant diversity decreased with reductions in both U.S. and Canadian tariffs. And the decline was greater during the post FTA era than before, thereby suggesting that this treaty had an impact above and beyond that just engendered by the tariff reductions that were associated with it. The study also found that foreign-controlled plants tended to adjust more over the entire period.

Breaking Down Hospital Costs for Selected Medical Conditions in Canada

Abstract: Understanding the components of hospital costs is an important policy tool for analyzing total hospital spending or for budget planning. The objective of this study is to estimate the average cost per stay and number of stays for male and female acute care inpatients for the 15 most expensive medical conditions, and to determine whether there is a gender difference in the share of cost due to co-morbidities. Regression analysis is used to account for gender and complexity, a proxy for co-morbidities. Our findings suggest on average each male inpatient costs 9.7% more to treat than a female inpatient.