cover image: Provincial Public Infrastructure Spending and Financing in Alberta

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Provincial Public Infrastructure Spending and Financing in Alberta

15 Mar 2019

The upper panel lists the types of capital assets of the province and the distribution of net book value as reported in the government’s latest annual report. [...] The high levels of investment during the 1980s and the dramatic disinvestment during the 1990s generated the hump. [...] A natural consequence is that the per capita capital stock in Alberta exceeds that of the five-province average as shown in Figure 5. Indeed, the Alberta level exceeded that of any other province throughout.8 The 1980s–’90s bulge stands out, but the recent Alberta level remains about one-quarter larger, much the same as in the 1960s. [...] Although Ontario still remains the lowest and Manitoba the highest among the five, the range (high less low) for the provincial plus municipal stock is $1,422 as opposed to $1,791 for the provincial stock only (a difference relative to the averages of 11 per cent rather than 22 per cent). [...] The recent values are for both 2013 and 2016.15 The reason for those two is that 2013 was, as comparison with the 1990–2016 averages confirms, more characteristic of the long-term pattern, while 2016, which was during the recession that followed the collapse of oil prices in 2014–15, demonstrates the sensitivity of Alberta’s economic conditions to the state of the energy sector.
earnings
Pages
39
Published in
Calgary, AB, CA

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