regarding the direct relation as cause and effect between the means employed and the result produced. The impression thus made, even on unreasoning and suspicious minds, is so vivid and strong that, as a rule, the popularity and usefulness of a dispensary in this country are proportionate to the number of surgical operations performed. The influence of energetic surgery is twofold: it increases...

This paper analyzes the pattern of provincial economic integration in China for the period 1991−98 by means of an errorcomponents model that decomposes provincial sectoral real valueadded growth into common national effects, industry-specific effects and province-specific effects. We find significant comovements in the long run although province-specific factors still account for one-third of t...

This paper examines how inflation-targeting framework performs across the Canadian provinces. The framework implies optimal moment conditions such that forecasts of inflation, conditional on information available today, are kept on target. We analyze whether these conditions hold when we use provincial inflation and various information variables deemed to be useful for forecasting. We find that...