Specification and evaluation of alternate projections of the magnitude and structure of the Ontario economy to 2020

In other words, the loss of $40 billion in manufacturing activity over the period, through direct, indirect and induced effects, has a total impact over the period of approximately -$115 billion (where the “impact” is defined as the difference between what the status quo could potentially generate over the period, and what is projected under the specific scenario). [...] Central to the health and well-being of the manufacturing megalopolis known as the Greater Golden Horseshoe (GGH) – which is the core of the provincial economy – is the efficient movement of goods and people. [...] The current stock of water and wastewater assets in the province is estimated to be in the range of $72 billion with $20 billion of this in the form of treatment plants, and the rest in the form of distribution and collection systems (WSEB, 2005).24 Over the next 15 years, the Province of Ontario’s Ministry of Public Infrastructure Renewal (PIR) estimates that $34 billion will have to be invested [...] For the purposes of this report, the technical details of the IPSP are not central, but rather our focus is on the nature, magnitude and timing of the expenditures. [...] Given the nature of the scenarios discussed above, and to provide maximum flexibility in the implementation of these scenarios, the decision was made to use the “Link” (or L) level national IO tables as the basis for a synthetic IO model of the Ontario economy at the L-level of industry aggregation (105 industries).