Despite its shortcomings, Canada is not an economic basket case​

[jazz]

Looks like we know where twitchy is going to end up Under the bus not so bad.

[sumdumguy]

hmmm, why not? After all, the budget will balance itself. No Problem

[chuckChuck]

whatever absolute b/s research that is , is complete nonsense
Are you seriously that out of
touch with reality?????
you can repost any garbage you want , still garbage

Canadian productivity growth: Stuck in the oil sands


Oliver Loertscher ([url]https://onlinelibrary.wiley.com/authored-by/Loertscher/Oliver[/url]), Pau S. Pujolas ([url]https://onlinelibrary.wiley.com/authored-by/Pujolas/Pau+S[/url].)

First published: 11 April 2024
[url]https://doi.org/10.1111/caje.12707[/url]

Read the full text ([url]https://onlinelibrary.wiley.com/doi/full/10.1111/caje.12707[/url])

PDF ([url]https://onlinelibrary.wiley.com/doi/epdf/10.1111/caje.12707[/url])
Tools ([url]https://onlinelibrary.wiley.com/doi/abs/10.1111/caje.12707#[/url])
Share ([url]https://onlinelibrary.wiley.com/doi/abs/10.1111/caje.12707#[/url])

Abstract

We study the behaviour of Canadian Total Factor Productivity (TFP) growth over the past 60 years. We find that the observed stagnation during the last 20 years is accounted for entirely by the oil sector. Higher oil prices made capital-intensive sources of oil like the oil sands viable to extract on a commercial scale. However, the greater input required per barrel of oil slowed TFP growth. Comparing Canadian TFP growth with that of the United States and Norway reinforces these results. However, our result should not be interpreted to carry any welfare implications.

[jazz]

......

[chuckChuck]

Only slightly behind Norway and Germany? To examples of very successful economies.

More proof we should increase productivity in many economic sectors and reduce less productive investments in the tar sands which have low productivity as compared to other industries.

[AlbertaFarmer5]

I'll ask again, what other industries would you suggest investing in?

[sumdumguy]

Invest in? The government should just get the “f” out of the way. The lunatics have killed every ounce of enthusiasm from the economic engines. Regulate this !

[blackpowder]

I don't know which is sillier.
The original post or spending time trying to understand it and bothering to respond.

[TSIPP]

Chuckroach never fails on bringing the silly!

[fjlip]

Looks like we know where twitchy is going to end up Under the bus not so bad.

These PHUCKERS have no sense at all, just blow money down every pit they can find! Treason is the only word to use.

[chuckChuck]

I'll ask again, what other industries would you suggest investing in?

What other industries exist in Canada. We just about have them all.

But oil dominates in Alberta and sucks up a lot of the oxygen and capital and subsidies. Renewable clean energy is also a vast resource.

The assumption that resource industries are the only engine of the economy in Canada is wrong. Resource are very important but so is manufacturing, food production and processing, high tech, aerospace, healthcare research etc etc

Even Saudia Arabia is planning on diversifying their economy.

[blackpowder]

One cannot argue we seem to have done poorly on diversification. A nation wide ill. Seems far more complicated than blaming oil.
The ongoing years long brain drain indicates bigger issues.
Oil itself can be a more complicated industry than it appears on the surface.
Small plays require private investors outside of normal financial institutions. High risk. You should try it sometime.

[furrowtickler]

What other industries exist in Canada. We just about have them all.

But oil dominates in Alberta and sucks up a lot of the oxygen and capital and subsidies. Renewable clean energy is also a vast resource.

The assumption that resource industries are the only engine of the economy in Canada is wrong. Resource are very important but so is manufacturing, food production and processing, high tech, aerospace, healthcare research etc etc

Even Saudia Arabia is planning on diversifying their economy.

Saudi Arabia can afford to diversify almost more than any country on earth because they wisely utilize their petroleum resources to create wealth to further diversify their economy, much like Notway did .
They get it , Canada simply shooting it’s self in the foot this past 8 years

when Trudeau refused to deal with LNG to Japan and others that was the dumbest thing ever.
the wealth created from that natural resource could have paid for a lot more diversification, but no this coalition government is bound and determined to simply tax the middle class and small businesses into poverty instead.
worst leadership in Canadian history.

[kANOLA]

Well said ,exactly my thoughts.

[jazz]

Maybe this the type of investment chuck is talking about. Paying taxes for Toronto subway riders.

That sure seems better than selling oil (with a 100:1 labour productivity ratio).

A 4 yrs old retarded child could run Canada better than these clowns.