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Tooling Up

12 Sep 2018

The International Gap in Investment per Worker Canada’s Investment per To the extent we care about Canadian Worker competitiveness, we want to monitor Canadian business investment per worker relative to Capital investment creates the machinery and other countries (see Box 1 for details on these equipment workers use in their jobs, the intellectual calculations) and especially relative to the Unite [...] The gap narrowed somewhat in the worked, a key driver and predictor of incomes 2000s and early in this decade, but since 2014 it and living standards.2 A key measure of success in has widened markedly: in contrast to Canada’s broadening and deepening capital stock is business projected $13,900 per worker in 2018, the average investment per worker, which allows comparisons worker in the OECD as a w [...] While inconsistencies in the treatment of R&D spending have been a concern in the past (Dachis, Robson, and Chesterley 2014), more consistent capitalization of this spending in the national statistics of OECD countries improves the comparability of more recent figures on intellectual property investment. [...] Similarly, Quebec’s 2018, per-worker investment across the Maritimes investment relative to both the OECD and the is expected to be very low: from 28 cents to 39 cents United States has fallen by 22 and 23 percent for every dollar invested elsewhere in the OECD respectively compared to 2013. [...] But achieving a level of Indeed, asset-based financing appears to have investment more in line with what is happening in supported $33 billion – 41 percent – of the $81 other OECD countries and the United States will billion in total Canadian M&E capital spending require more than just internal funds: a net increase in 2017.6 The importance of asset-based financing in external financing will also
economics economy taxation credit finance canada banks business economic growth employment investments loans productivity earnings loan tax bank taxes fixed capital business finance capital (economics) financial crisis of 2007–2008 asset-based lending asset-based financing
ISBN
9781987983753
ISSN
17030765
Pages
32
Published in
Toronto, ON, CA

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