Tag Archives: GDP

Health Spending Update: Into the 21st Century

The OECD released its Health Data 2012 statistics several months ago and they are certainly worth a glance given that rising health spending is still a big international policy issue, and the capacity to pay has taken a recessionary hit during the first decade of the 21st century.

What’s Up with Carney & Flaherty?

Well, I’m still sifting through my thoughts trying to exactly understand what was behind the corporate “dead money” debate last week.  After a speech to the Canadian Auto Workers, Bank of Canada Governor Mark Carney drew attention to the rising amounts of cash in the bank accounts of Canadian firms and commented to the effect […]

We Are Not Alone…

One more bit of quick evidence on manufacturing and its share of GDP – this time, international evidence.  I found some data from the United Nations for the period 1970 to 2010 and calculated the manufacturing to GDP ratios for Canada, the other six G-7 countries as well as Brazil, China, India, Australia and also […]

Does Economic Growth Lower Workplace Absenteeism?

It’s just past the middle of the term and the number of students coming to class seems to have taken a bit of a drop and there seem to be a lot of people off sick. It has also been a particularly gloomy few days in the news with talk of recessions and rumors of […]

Is the Dreaded Double Dip Near?

Statistics Canada has released the Canadian economic accounts with GDP estimates for the second quarter of 2011.   Overall, real gross domestic product or GDP declined by 0.1 percent in the second quarter following a 0.9 percent increase in the previous quarter. 

A Longer Term View of U.S. Public Debt

With the August 2nd deadline for raising the United States public debt ceiling looming, it might be useful to take a longer-term view on exactly how bad the US debt situation is at least with respect to the past. 

Ranking Prime Ministers: Are Tory Times Really Tough Times?

There is an old adage in Canadian political lore that “Tory times are tough times”  and that Liberal governments have generally seen more prosperous times.  Given that every Prime Minister since Confederation has been either a Liberal or a Conservative, it should be a relatively simple matter to find indicators rank the economic performance of […]

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.