Tag Archives: GDP growth
Great Recession Versus Great Depression for Canada
With all the doom and gloom with respect to slowing Canadian economic growth and talk of secular stagnation, it is useful to look at a comparison between the last few years in Canada with what transpired during the Great Depression. References are often made that the 2008-09 Recession and its aftermath is a period comparable […]
Taxation and Growth: A North American Cross-Border Comparison
My last comparison of U.S. states and Canadian provinces with respect to their federal transfer revenue shares got me thinking about the other revenue sources and whether any relationship could be found between economic growth and revenue composition. Income taxation is supposed to have incentive and distortion effects on saving, risk taking and labor supply […]
Canadian Macro Performance: Better than the G-7 but…
We are of course quite used to repeated claims that Canada has outperformed all other G-7 countries in job creation and GDP growth during the recovery from the 2009 recession. Our better fiscal performance is also trotted out especially with respect to the net debt to GDP ratio. However, if instead of the G-7, we […]
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