Does price really converge among provinces in Canada？ A study using unit root tests for cross-sectional panels

This paper examines price convergences across different provinces in Canada using 1983-2006 data. We adopt the new panel unit root tests for analysis that can correct for cross-sectional correlation. Our findings are contrary to previous studies and we conclude that intra-national price convergence does not occur. We also briefly discuss the reasons for the absence of convergence within Canada.     

Measuring Delegation

Principal-agent analyses of delegation to international organizations have advanced our understanding of international cooperation through institutions. However, broader tests of why and when states delegate are not possible without a clear means for objectively identifying and measuring delegation. This paper develops a metric for delegation based upon the services the agent provides to its principals and the resources and autonomy it has to provide those services. This numerical metric is continuous and generalizable to a wide variety of principal-agent relationships. This paper then demonstrates the face validity of the measure with case studies of delegation to the International Atomic Energy Agency (IAEA) and the International Monetary Fund (IMF). The paper concludes with a test of Realist and Institutionalist hypotheses for cooperation using the delegation metric, demonstrating the complexity of the underlying reasons we observe delegation.     

Labor–Management Relations: Understanding and Practicing Effective Negotiations

Periodic collective bargaining between employers and unions, combined with contract administration and workplace dispute resolution, has provided many core insights for the broad field of negotiations. Over the past twenty-five years, this arena has advanced knowledge regarding the interdependence of integrative and distributive bargaining, the concurrent shaping of attitudes, the management of internal relations (within a party), and the roles of elected and appointed agents. Public sector negotiations have provided new insights into the dynamics of multilateral bargaining as well as a broad array of mediation and arbitration models. While the number of labor agreements negotiated each year has declined over the past half century, at least 23,000 private sector agreements are still executed each year and fundamental changes in industrial relations systems make continued attention to labor–management negotiations of increasing importance. In particular, this arena now features highly structured approaches applying interest-based bargaining principles and presents profound challenges as power relations shift in multiple ways.     

Renewing IMF surveillance: Transparency, accountability, and independence

In this paper, we present a vision for IMF surveillance that seeks to produce a more accountable, transparent, and independent surveillance process. First, to make surveillance more focused, the IMF’s assessment should be principles-based; that is, the Fund should assess the overall coherence of exchange rate, monetary, fiscal and financial policies, with a view to analyzing their effects on external stability. Second, the IMF should have a governance structure that increases incentives to support candid, transparent assessments of surveillance. In practice, this entails a different role for the Executive Board: the Board will set out the Fund’s strategic framework for surveillance; the Managing Director and the staff will conduct surveillance. These reforms clarify the roles and responsibilities of the IMF and its member countries in the surveillance process. Also, our proposed reforms aim at making surveillance more even-handed and objective. We believe that this principles-based approach can bolster the credibility and legitimacy of surveillance, giving the Fund greater influence on the economic policies of members.

Context matters: interim stabilisation and second generation approaches to security promotion

The scale and ferocity of post-war violence regularly confounds the expectations of security and development specialists. When left unchecked, mutating violence can tip ‘fragile’ societies back into all out warfare. In the context of formal peace support operations, conventional security promotion efforts are routinely advanced to prevent this from happening. These include disarmament, demobilisation and reintegration (DDR) and wider security system/sector reform (SSR). There are also lesser known but no less important interventions to promote security that deviate from—but also potentially reinforce and enhance—DDR and SSR. Faced with dynamic post-war contexts, erstwhile warring parties, peace mediators and practitioners have crafted a host of innovative and experimental security promotion initiatives designed to mitigate risks and symptoms of post-war violence including interim stabilisation measures and second generation DDR. Drawing on a growing evidence base, the article sets out a host of contextual determinants that shape the character and effectiveness of security promotion on the ground. It then issues a typology of emergent practices—some that occur before, during and after DDR and SSR interventions. Taken together, they offer a fascinating new research agenda for those preoccupied with post-war security promotion.     

Socioeconomic impacts of the proposed federal gaming tax

We review the history of gaming and its taxation in the U.S., particularly in regard to the idea of “sin taxes” which were often presented as policy instruments intended to control problem gamblers. The review suggests that raising taxes neither encourages moderation nor replaces negative external costs. We follow the review with a socioeconomic impact analysis of a proposed four percent Federal Gaming Tax by simulating its impact on Clark County, Nevada for the period 1995-2004 using a large scale econometric multi-regional model. Clark County is of interest because it is where Las Vegas is located. The analysis reveals that the proposed tax would lead to a measurable decline in Clark County's jobs, population, disposable income, and total industrial during the forecast period. By 2004, total industrial output would be 1.3 percent lower under the proposed tax and Clark County would experience a loss of $1.39 in real disposable income for every gaming tax dollar collected by Federal Government. These reductions, coupled particularly with the loss of thousands of jobs in Las Vegas area hotels/casinos predicted by the analysis suggest that increased demands on social services in Clark County would result. These findings, together with the lack of evidence that raising taxes would promote moderation or reduce external negative costs, lead us to argue that excise taxes represent an unattractive option.