Tag Archives: decline
Urban GDP
Statistics Canada has released experimental estimates of gross domestic product for the period 2001 to 2009 for 33 census metropolitan areas. The results of course reinforce what we already know – that Canada’s economic activity is concentrated in its cities and half of our GDP is produced in just six cities – Toronto, Montreal, Vancouver, […]
Why the Roman Empire Really Fell
Research Memorandum From: Office of Historical Research Studies, Time Travel Division, Open University of the Inner Solar System, September 3, 2476 To: Board of Solar Regents, Open University of the Inner Solar System On the bi-millennium of the official fall of the Roman Empire as dated by the overthrow of Romulus, the last of the […]
Is Economic Growth Really Ending?
Robert Gordon has argued in his recent NBER paper “Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds” that growth rates have slowed and we are reverting to very low historical growth rates and indeed a period of economic stagnation. However, what I find intriguing is that an examination of some long-term data […]
Canada’s Evolving Investment-Output Ratio
A phone discussion with a reporter this week on trends in Canadian investment and capital formation piqued my curiosity as to what the long-term trends in Canadian gross fixed capital formation have been. Apparently, despite the global financial crisis and associated economic uncertainty, business investment and capital formation is still relatively strong at the moment […]
Revisiting Ontario’s Decline
Well, there have been some great comments regarding my post on whether Ontario is in decline. Alot of good points have been raised including how output is attributed to regions as well as how important the effect of oil prices has been. One comment in particular by Kosta piqued my curiosity.
Is Ontario in Decline?
With a battered manufacturing sector, a large public sector deficit, a drop in per capita GDP relative to other provinces and becoming a recipient of equalization, Ontario has definitely seen better days. The question is whether this is represents a long-term trend towards economic decline for Ontario or is it simply a short-term aberration?
Worthwhile Canadian Initiative 
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