CANADIAN GOVERNMENT POLICY DURING RECESSION

Canadian Government Policy during Recession

Canadian Government Policy during Recession

Introduction

In over 30 years of research on cycles, Dewey and his associates studied empirical data from a huge variety of natural and human cycles, including insects, fish, mammals, man, and other natural phenomena, which were all found to be connected to sunspot cycles. Some examples included caterpillars in New Jersey, lynx and coyote abundance in Canada, salmon abundance in Canada and England, heart disease in New England, ozone content in London and Paris, pig iron prices, steel production, cigarette production, Goodyear tire and rubber sales, railroad stock prices, rainfall in London, worldwide precipitation, and the average yield of chief crops in Illinois. Dewey found cycles with periods ranging from months to hundreds of years, and several thousand cycles were recorded. One of the main cycles was one with a period of 9 2=3 years (Dewey, 1967).

Based on Dewey's analysis, one other economic assessment tool has been acquired—that of indicators from other disciplines. Because there is both theoretical and empirical evidence that economic cycles are correlated with other human and physical phenomena, the performance of the economy can also be measured by indicators from these other fields. This is obvious in a direct sense, because agricultural production depends on natural weather cycles and economic productivity depends on the stability of the social and political systems; for example, countries being devastated by war will not have strong economic performance.

Discussion

Dewey concluded that four of the empirical laws of cycles are as follows:

Common cycle time span emerge in many apparently unrelated disciplines.

Synchrony is the fact that circuits of the identical period often have the same phase.

Cycles' harmonic ratios is the observation that the common cycle periods are related by the ratios 2, 3 and their products.

Cycles outside the earth are often related to ...