Why did it start declining in ON when oil was dirt cheap at $50bbl?
No one is disputing that the manufacturing sector can thrive despite the success of the resource sector.
Why did it start declining in ON when oil was dirt cheap at $50bbl?
No one is disputing that the manufacturing sector can thrive despite the success of the resource sector.
Doesn't that statement absolutely refute the base premise of 'dutch disease' then?
It does indeed.Doesn't that statement absolutely refute the base premise of 'dutch disease' then?
You see, this is why you and petros are dumb.
No answer then, eh?
Either dutch disease exists in full wherein mfgring can't compete in a resource enviro or the entire theory is a big steaming pile of crap
You can't have growth in manufacturing in one region and decline in the other during a "Dutch Disease" infestation. It would need to blanket the entire sector not just by region.
No mention of oil sands.
Read the report.
I did.
You did? Or you read the news coverage? If you did read it, well then you must have skipped the conclusion of the paper:
6. Conclusion
Common perception about the oil sand extraction from Alberta often underlines the opposition
between economic benefits and environment costs. This view nevertheless neglects the fact
that the economics of the tar sands has its own dark side. The dark side is the Dutch disease
associated to increase in oil revenues and proceeds from the extraction of other primary products.
One possible outcome is that the losers are regionally located in Southern Ontario and Quebec,
which in turn might increase regional frictions and fragmentation in a country that is highly
decentralized.
Gees you guys like theories. Where are the facts?Canada's economy suffers from so-called Dutch Disease, an economic
theory....
Gees you guy like theories. Where are the facts?
The fact is you didn't read the paper when you said you did.
Asking for facts instead of theories isn't goal post moving.
Why doesn't it say "oil sands"?The paper, "Does the Canadian Economy Suffer from Dutch Disease?," concludes
that a third or more of job losses in Canada's manufacturing sector can be
attributed to resource-driven currency appreciation.
Got one of Bundy making toilet flushing sounds? You can use it to describe ON manufacturing competitiveness.