Channels of risk-sharing among Canadian provinces: 1961–2006
Channels of risk-sharing among Canadian provinces: 1961–2006
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加拿大各省之间风险分担的渠道：1961-2006
DOI：
10.1007/s00181-011-0488-6
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发表时间：
2012
影响因子：
3.2
通讯作者：
Rosmy Jean Louis
中科院分区：
文献类型：
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作者：
Faruk Balli;S. Basher;Rosmy Jean Louis
本文结合文献的最新进展来量化加拿大省际风险分担的数量。我们发现，29%的省级生产总值冲击由资本市场平滑，27%由联邦税收转移体系平滑，约24%由信贷市场平滑。其余 20% 未进行平滑处理。我们的结果揭示了艾伯塔省在平衡信贷市场平滑与与加拿大其他地区更多地分担资本市场风险方面发挥的关键作用。我们的成对风险分担分析提出了一些有趣的问题和论点，这些问题和论点在区域风险分担的讨论中经常被忽视。例如，成对分析的一个方面揭示了魁北克分离经济影响的评估。
This article incorporates recent developments in the literature to quantify the amount of interprovincial risk-sharing in Canada. We find that 29% of shocks to gross provincial product are smoothed bycapital markets, 27% are smoothed by thefederal tax-transfer systems, and about 24% are smoothed bycredit markets. The remaining 20% are not smoothed. Our results bring to light the critical role that Alberta plays in trading-off credit market smoothing for more capital market risk-sharing with the rest of Canada. Our pairwise risk-sharing analysis has brought up some interesting questions and arguments that are often neglected in discussions of regional risk-sharing. For example, one aspect of the pairwise analysis sheds light on the assessment of the economic effects of Quebec separation.
的存在
DOI：
--
发表时间：
2004
期刊：
Journal of Clinical Pathology 57・9
影响因子：
--
作者：
Saito T;Oda Y;Tamiya S;et al.;Nakayama H
通讯作者：
Nakayama H