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  1. A Fine Canadian Compromise: Perspectives on the Report of the Expert Panel on Equalization and Territorial Funding Financing [Download]

    Title: A Fine Canadian Compromise: Perspectives on the Report of the Expert Panel on Equalization and Territorial Funding Financing
    Creator: Institute for Public Economics
    Subjects: Public Economics, Equalization
    Date Created: 2007
  2. Comment on Hjorland's Concept Theory [Download]

    Title: Comment on Hjorland's Concept Theory
    Creator: Szostak, R.
    Subjects: Concept theory
    Date Created: 2010
  3. Interdisciplinarity and Classification: A Response to Hjorland [Download]

    Title: Interdisciplinarity and Classification: A Response to Hjorland
    Creator: Szostak, R.
    Subjects: Interdisciplinarity, Classification
    Date Created: 2008
  4. Energy Prices and Alberta Government Revenue Volatility [Download]

    Title: Energy Prices and Alberta Government Revenue Volatility
    Creator: Constance Smith
    Subjects: Energy prices, Alberta government revenue volatility, stabilization funds
    Date Created: 2010
  5. Modest but Meaningful Change: Reforming Equalization [Download]

    Title: Modest but Meaningful Change: Reforming Equalization
    Creator: Institute for Public Economics
    Subjects: Public Economics, Equalization
    Date Created: 2002
  6. Further Reflections on Alberta's Capital Spending and Finance: Comments on the Dodge Report to the Government of Alberta, October 2015 [Download]

    Title: Further Reflections on Alberta's Capital Spending and Finance: Comments on the Dodge Report to the Government of Alberta, October 2015
    Creator: Melville McMillan
    Description: David Dodge, former Governor of the Bank of Canada, submitted a report to the Government of Alberta in October 2015 on provincial capital spending and finance. That report was incorporated into the October budget documents. There are many valuable insights and recommendations in the report. However, a major premise of the report is that Alberta is undersupplied with provincial government sector capital and, so, Dodge recommends that the province should increase its capital stock to the equivalent of 16 per cent of its GDP (a benchmark based on comparison of levels in the other five largest provinces – Quebec, Ontario, Manitoba, Saskatchewan and British Columbia). To achieve that benchmark, Dodge’s simulations suggest that the province could reasonably borrow to finance much of the additional capital spending required. This paper presents an investigation into whether the 16 per cent benchmark is appropriate and whether the implied debt is “moderate”.
    Subjects: Economics, Public Economics, Finance
    Date Created: 2015/12
  7. Alberta Investment Management Corporation: An Examination of a Corporatization Project: Preliminary Assessment [Download]

    Title: Alberta Investment Management Corporation: An Examination of a Corporatization Project: Preliminary Assessment
    Creator: Ascah, Robert L.
    Description: The study examines the decision in 2006–2007 by the Alberta government to establish an arms-length, board-governed, investment management corporation expressly to improve investment performance and build local expertise in investment management. The comparison of the investment returns achieved by Alberta Investment Management Corporation (AIMCo) for four provincial funds versus those achieved previously in the Department of Finance against established benchmarks shows little, if any, improvement. A second method of analysis, the Difference-of-Differences (DiD) method, indicates improving performance of AIMCo relative to its public sector investment management peers and its predecessor organization. All comparisons are highly sensitive to time periods chosen. AIMCo commenced operations in January 2008 when the financial crisis was still evolving. Consequently, the period to March 31, 2008 (Heritage Fund) and to December 2007 (pension funds) is used for the Alberta Investment Management (AIM) performance. The performance numbers for AIMCo commence on January 1 2010 for three pension funds and April 1, 2010 for the Heritage Fund and thereby exclude losses incurred in the 2008–2009 financial tumult. The reader is cautioned that the analysis is carried out at a high level and it may still be too early to fairly judge outcomes since AIMCo “inherited” its investment portfolio. Moreover, the investment policies that are given to AIMCo by the funds’ trustees to manage under have changed; specifically a move to place more funds in investment classes that cost more to manage, carry more risk, but offer potential higher returns. The study also shows the major beneficiaries of the transformation appear to be the senior managers and particularly the senior executives of AIMCo, whose pay has increased significantly. Unfortunately, there were no clear, public performance standards established for AIMCo as a whole and therefore no public assessment or debate of the success of the AIMCo corporatization project.. Given a new government assuming power, several policy suggestions are advanced including a detailed and careful review of AIMCo’s performance and governance structure.
    Subjects: Public Economics, Business
    Date Created: 2016/04/15
  8. Becoming Alberta's Next Premier: Policy Ideas for Leadership Candidates [Download]

    Title: Becoming Alberta's Next Premier: Policy Ideas for Leadership Candidates
    Creator: Institute for Public Economics
    Subjects: Public Economics
    Date Created: 2011/6/15
  9. An Examination of Alberta Labour Markets [Download]

    Title: An Examination of Alberta Labour Markets
    Creator: Institute for Public Economics
    Subjects: Public Economics, Labor
    Date Created: 2013-07-17
  10. Editorial Introduction [Download]

    Title: Editorial Introduction
    Creator: Szostak, R.
    Subjects: Association for Integrative Studies, Issues in Integrative Studies
    Date Created: 2008