Table 5
Decomposition of Canadian-U.S. aggregate capital intensity gap, by asset class, based on Statistics Canada depreciation rates, business sector, 2003 (1997 dollars)

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  K/Y1 Canada K/Y United States Gap2 Ki/K3 Canada Ki/K United States Gap Asset composition Intensity (contribution)
(1) (2) (3) (4) (5) (6)=(4)-(5) (7)=(3)-(8) (8)
  ratio percent
Total 1.29 1.04 24.2 100.0 100.0 0.0 -4.9 29.1
ICT M&E 4 0.11 0.16 -34.1 5.6 9.7 -4.1   -3.1
Non-ICTM&E 0.35 0.30 14.4 26.2 27.5 -1.3   3.7
Engineering 0.37 0.10 273.5 29.0 11.0 18.0   30.1
Building 0.47 0.49 -3.3 39.2 51.8 -12.7   -1.5

1. Capital–gross domestic product ratio.

2. Gap is measured as the percent difference between Canada and the United States.

3. Share of an asset in total capital stock.

4. Information and communications technology machinery and equipment.

Note: Results shown are from authors' calculations.

Sources: Statistics Canada; and Bureau of Economic Analysis.