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

[jazz]

Canada is a basket case because its not a real country. Its a stitched together Frankenstein monster of wildly competing interests that hold us back from being a top tier country.

What other country would sit on $200T worth of natural resources and then go $2T into debt instead.

[shtferbrains]

Most of the money granted to Universities is use to endorse the governments woke agenda.
That's what we consider R&D since 2015.

If the G7 is the bar here we are.

[AlbertaFarmer5]

This headline reminds me of the time agstar told chuck he's not the worst poster on Agriville, then couldn't find a worse poster. Set the bar low enough, and even Canada can exceed basket case status. Winning.

[blackpowder]

"And I don't claim to know much either,"
Well you're correct once in a while.
Either you believe your audience can't read past the headline, or you yourself can't.

[jazz]

chuck, you should go try and repeat grade 2. The commodity itself has a 100 to 1 productive value over any regular person. An extra 50,000 bbls per day makes more money and creates more value than 4m of trudeaus imported uber drivers.

[Hamloc]

Maybe your reading the wrong headlines Chuck2? Certainly oil companies are reinvesting less of their profits because the government is doing all it can to discourage this investment!!!!

[chuckChuck]

The usual response when you know little about the subject and disagree!

And I don't claim to know much either, but its interesting that Phillips who knows more than we do, makes the argument.

Peter W.B. Phillips is distinguished university professor emeritus at the University of Saskatchewan’s Johnson Shoyama Graduate School of Public Policy.

"In economics, productivity refers to how much output can be produced with a given set of inputs. Productivity increases when more output is produced with the same amount of inputs or when the same amount of output is produced with less inputs."

Based on that measure then we know the oil sands are very capital and energy intensive. So lower productivity.

[cropgrower]

The fact that they are publishing propaganda like that is proof in itself that yes Canada is in serious bad shape

[jazz]

straight up marxist BS. Oil is the only thing keeping this country alive and our currency solvent. Had Ab doubled its production in the past decade instead of being shut down by a retard PM, our productivity would be right along side the US.

[chuckChuck]

So its the oil sands and oil industry that is dragging productivity in Canada down!


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].)

[url]https://onlinelibrary.wiley.com/doi/abs/10.1111/caje.12707[/url]

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