Economics work

Question 1

Using the 2009 World Development Report, briefly explain each of the following in the context of industrial development:

  • a)  “The best predictor of your level of income is not what or whom you know but where you work.”
  • b)  The three attributes of economic development (geographic unevenness, circular causation and neighborhood effects) and the implications for public policy.
  • c)  “From a policy perspective, the primary dimension at the local geographic scale is density, nationally it is distance and internationally, division”.

Question 2

“The components of GDP are similar for Western Canadian economies over time.”

Evaluate this statement by producing (and commenting on) three figures, demonstrating:
a) the percentage share of investment (I) of GDP
b) the percentage share of exports (X) of GDP and

  1. c) the percentage share of government expenditures (G) of GDP.

Each figure should include a time series for each of British Columbia, Alberta, and Saskatchewan.

Use CANSIM data from Table 3840002 (using current prices) and fully document your calculations.

AHW – 01-26-2015

Question 3

“The variation in average provincial unemployment rates across Canada was lower during the period 2001-2005 than it was during the period 2006-2010.”

Evaluate this statement using data from CANSIM Table 2820087 (for all people 15 years of age and older, seasonally adjusted). Make sure you list any assumptions you make and fully document your calculations.

Question 4

Write a brief essay (maximum two double spaced pages) describing the economic well-being index proposed by the Centre for the Study of Living Standards and evaluating its advantages and disadvantages, strengths and weaknesses. Make sure you fully cite any references you include.

Question 5

A public policy analyst brings you a proposal for increasing the ratio of source population to total population. Starting with the basic economic identities used in class, algebraically demonstrate how a change in source population affects per capita income.

Question 6

Consider the following employment data for two regional economies, East and West, for four industries (A, B, C, and D):

Industry East Employment West Employment
A 187,673 138,622
B 66,320 85,452
C 311,783 266,781
D 748 2,744
Total 566,524 493,599

Calculate the location quotients for each industry for each region (document your calculations). Using your location quotients, classify each industry in each region in the context of the Economic Base model.