Regional economic developments

• June 30, 2023

  Canada’s regional economies

  

  David Amirault, Matthieu Verstraete, Sarah Miller

  Strength from diversity

  Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Business fluctuations and cycles, Labour markets, Regional economic developments, Trade integration

• Unpacking Moving: A Quantitative Spatial Equilibrium Model with Wealth

  Staff Working Paper 2023-34 Elisa Giannone, Qi Li, Nuno Paixão, Xinle Pang

  We propose a model to understand low observed migration rates by considering the interaction between location and wealth decisions. We look at different policies and find that temporary moving vouchers only slightly increase welfare, while lower housing regulations can decrease the welfare gap by lowering house prices nationwide.

  Content Type(s): Staff research, Staff working papers Topic(s): Housing, Regional economic developments JEL Code(s): G, G5, G51, R, R1, R12, R13, R2, R3, R31, R5, R52