Table 8
Decomposition of the gap in M&E investment intensity between Canada and the United States, 1990 to 2008
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| Total gap | Gap due to the within-industry investment intensity difference | Gap due to the difference in industry structures | Residual (column 1, minus column 2, minus column 3) | |
|---|---|---|---|---|
| Column 1 | Column 2 | Column 3 | Column 4 | |
| percent | ||||
| 1990 | 4.3 | -0.6 | 4.2 | 0.7 |
| 1991 | 2.4 | -2.6 | 4.7 | 0.2 |
| 1992 | 0.4 | -1.4 | 1.7 | 0.1 |
| 1993 | -11.1 | -12.8 | 1.4 | 0.2 |
| 1994 | -11.0 | -12.4 | 0.9 | 0.5 |
| 1995 | -15.4 | -18.7 | 3.2 | 0.1 |
| 1996 | -15.9 | -19.5 | 3.6 | 0.0 |
| 1997 | -5.9 | -9.6 | 3.4 | 0.3 |
| 1998 | -3.6 | -9.7 | 6.1 | 0.0 |
| 1999 | -9.7 | -14.5 | 4.6 | 0.2 |
| 2000 | -16.1 | -18.2 | 1.0 | 1.1 |
| 2001 | -12.4 | -16.1 | 3.5 | 0.2 |
| 2002 | -6.8 | -10.7 | 5.4 | -1.5 |
| 2003 | -7.7 | -9.1 | 1.0 | 0.4 |
| 2004 | -10.5 | -12.2 | 1.3 | 0.4 |
| 2005 | -10.1 | -13.8 | 3.3 | 0.3 |
| 2006 | -10.1 | -15.4 | 5.5 | -0.2 |
| 2007 | -12.8 | -16.8 | 4.0 | 0.1 |
| 2008 | -12.4 | -14.0 | 1.2 | 0.5 |
| Notes: The gap is measured as the percentage difference between Canada and the United States. The residual contribution arises from the discrepancy after taking the exponential of log differences. M&E stands for "machinery and equipment." Authors' calculations. Sources: Statistics Canada, CANSIM tables 031-0003 and 379-0023; and U.S. Bureau of Economic Analysis, "Value Added by Industry" table and "Non-residential Detailed Estimates for Investment" table. |
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