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Investment in British Columbia: Current Realities and the Way Forward

Author

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  • Andrew Sharpe
  • Jean-François Arsenault
  • Peter Harrison

Abstract

Investment is one of the main drivers of productivity growth, which is the key determinant of living standards in the long run. Investment in British Columbia is lagging when compared to that of Canada, particularly in machinery and equipment and ICT investment. Going forward, a poor investment performance in BC would likely lead to below average growth in labour productivity, as was the case in the last 25 years. Weak labour productivity growth in BC would in turn translate into weak economic growth and falling relative standards of living over time. A number of measures may be taken to ensure sustained investment in physical capital in BC. This report puts forward a number of recommendations to increase investment in British Columbia.

Suggested Citation

  • Andrew Sharpe & Jean-François Arsenault & Peter Harrison, 2008. "Investment in British Columbia: Current Realities and the Way Forward," CSLS Research Reports 2008-10, Centre for the Study of Living Standards.
    • Handle: RePEc:sls:resrep:0810
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    Cited by:

    1. Don Drummond & Evan Capeluck & Matthew Calver, 2015. "The Key Challenge for Canadian Public Policy: Generating Inclusive and Sustainable Economic Growth," CSLS Research Reports 2015-11, Centre for the Study of Living Standards.
    2. Alexander Murray & Andrew Sharpe, 2011. "Human Capital and Productivity in British Columbia," CSLS Research Reports 2011-10, Centre for the Study of Living Standards.

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