English, Article, Journal or magazine article edition: Does Under-Investment Contribute to the Canada-U.S. Productivity Gap? Edgard Rodriguez; Timothy Sargent

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/145642
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Does Under-Investment Contribute to the Canada-U.S. Productivity Gap?
Author
  • Edgard Rodriguez
  • Timothy Sargent
Physical Description
  • preprint
Notes
  • Many commentators have pointed to the productivity gap between Canada and the U.S. as evidence of a Canada–U.S. investment gap. In this paper we examine whether this hypothesis is plausible using a variety of different models of growth, and a variety of different data sources. We find, as other have done before us, that Canada does indeed lag behind the U.S. in investment in machinery and equipment, and investment in R&​D, although not in investment in overall physical capital or in human capital. However, it is by no means clear that the investment gaps we have found could be responsible for much of the Canada–U.S. productivity gap. The gap in machinery and equipment investment appears to be largely offset by the greater quality of the Canadian machinery and equipment capital stock. On the other hand, the R&​D investment gap appears to be too small to be responsible for much of the productivity gap, unless R&​D spillovers are both implausibly large, and largely confined within national boundaries. Plusieurs commentateurs ont prétendu que l’écart de productivité entre le Canada et les É.-U. serait le signe d’une insuffisance de l’investissement. Ce document vérifie la plausibilité de cette hypothèse en s’appuyant sur divers modèles de croissance et sur différentes sources de données. Nous constatons ici, comme d’autres l’ont fait avant nous, que le Canada tire effectivement de l’arrière par rapport aux É.-U. aux chapitres des investissements dans les machines et le matériel et dans la R et D, bien que ce ne soit pas le cas des investissements dans le capital matériel et le capital humain. Par contre, il n’est en aucune façon clairement établi que les écarts constatés dans les investissements pourraient être à la base de tout écart significatif de productivité entre le Canada et les É.-U. L’écart dans les investissements dans les machines et le matériel semble largement compensé par la plus grande qualité des immobilisations canadiennes en machines et matériel, tandis que l’écart des investissements de R et D semble trop faible pour qu’on puisse lui attribuer tout écart de productivité notable, à moins que les retombées de ces investissements soient à la fois, ce qui est peu plausible, peu importantes et limitées aux frontières canadiennes.
  • RePEc:fca:wpfnca:2001-11
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment