Sensitivity of Capital Stock and Multifactor Productivity Estimates to Depreciation Assumptions: A Canada-U.S. Comparison

This article provides consistent estimates for capital stock and multifactor productivity (MFP) for Canada and the United States across major industries for the 1987-2007 period. For this purpose, capital stock estimates are developed for Canadian and U.S. industries using the same asset depreciation rates (either from the U.S. Bureau of Economic Analysis or from Statistics Canada) for the two countries. The results show that on an hours worked basis Canadian industries invest more in total capital than their U.S. counterparts. This situation reflects much greater investment in structures, with less in machinery and equipment (including information and communications technologies). The results imply that all of the Canada-U.S. labour productivity gap arises from the multifactor productivity gap.multifactor productivity, capital stock, depreciation rate, labour productivity

Productivity Growth in Service Industries: A Canadian Success Story

The Canadian service sector has performed well in recent years in terms of labour and multifactor productivity growth, both in absolute terms and relative to the United States, offsetting much of the poorer performance of the manufacturing sector. Service sector labour productivity growth has also shown a marked acceleration in both Canada and the United States in recent years relative to earlier periods. The objective of this paper is to identify the factors behind this relative Canadian success story. The sources of the acceleration in service sector labour productivity growth were different in the two countries. In Canada, increased multifactor productivity growth was responsible for 70 per cent of the labour productivity growth acceleration. In the United States, on the other hand, increased capital intensity and intermediate input intensity were the most important contributors to the service sector labour productivity growth acceleration. In Canada, the contribution of capital intensity growth to service sector labour productivity growth actually fell between 1981-1995 and 1995-2000. The factor driving Canada’s superior service sector labour productivity growth has been better multifactor productivity growth, suggesting a productivity convergence to the U.S. level. A faster pace of human capital accumulation relative to the United States, as measured by growth in the proportion of workers with a university degree, fostered the catch-up process of Canadian service industries.Service Sector, Service Industries, Services, Productivity, Productivity Growth, Labour Productivity, Multifactor Productivity, Total Factor Productivity, Growth, Acceleration, Canada, United States

Outward FDI from Canada and its policy context

Canada was a major net importer of foreign direct investment (IFDI) prior to 1996. The stimulus for the surge in Canada's outward FDI (OFDI) came from profitable investment opportunities abroad. Canada has diversified significantly its OFDI away from the United States over the past 20 years. The financial crisis significantly affected Canada's FDI outflows, but OFDI seems to have rebounded in the second half of 2009. While Canadian investment has historically gone mainly to developed countries, recent changes in Government policies seem to suggest that Canada is looking to build closer ties with developing countries as well. Canada has a longstanding commitment to multilateral cooperation and actively supports the World Trade Organization (WTO) framework as a way to promote international trade and investment. At the same time, Canada continues actively to negotiate foreign investment promotion and protection agreements (FIPAs)

Inward FDI in Canada and its policy context

Canada has actively participated in the corporate globalization process and is a major importer of foreign direct investment (FDI). Canada's high levels of inward FDI (IFDI) over the past 25 years reflect its improved business climate, reduced restrictions on foreign ownership and a prospering economy. Like other developed economies, Canada experienced declining FDI inflows in 2008 and 2009, largely due to the dramatic fall in mergers and acquisitions (M&As) and the global economic recession. The outlook for 2010 and beyond however is promising because of the expected economic expansion in Canada and other countries, and improved global financial markets. Moreover, the Canadian Government has sent strong signals to foreign investors that Canada is open for business by, among other things, lifting restrictions on previously protected sectors and increasing the financial thresholds for the review of foreign investments

Anatomical variation in the formation and course of median nerve: a cadaveric study

Background: Median nerve is one of the terminal branches of brachial plexus. Its formed by the union of medial root and lateral root coming respectively from medial and lateral cords of brachial plexus. Knowledge of anatomical variations of median nerve at origin and course is important in repair of traumatic injuries and surgical correction of brachial plexus injuries. These conditions need dissection of median nerve and knowledge of its variations.Methods: Present study included 53 cadavers and 106 upper limbs from our department of Anatomy. In this study, anatomically embalmed cadavers which were kept for routine dissection for under graduates were included. The present study we studied the anatomical variations in origin and course of median nerve in arm. We also studied the relation of median nerve with axillary and brachial arteries.Results: In this study we found origin of median nerve from 3 roots in 26.41%, 4 roots from 1.88%. Regarding the relation of median nerve with axillary artery we observed in 8.49% cadavers median nerve lies medial to axillary artery and in 0.94% Median nerve is passing along the lateral side of brachial artery without crossing the artery.Conclusions: This study shows high percentage of deviations from normal anatomy in origin of median nerve. Anatomical variation in brachial plexus and adjacent arteries knowledge is important for anatomist, plastic surgeon and vascular surgeons.

Stereospecific dissolution of inclusion complexes of amlodipine base and its besylate enantiomers with hydroxypropyl-β-cyclodextrin

The objective of this work was the preparation of inclusion complexes of amlodipine base and its besylate salt with hydroxy propyl-β-cyclodextrin (HPBC) to improve the dissolution and to investigate the stereospecific dissolution of amlodipine enantiomers. The prepared inclusion complexes were characterized by FTIR and DSC. Significant improvement in the dissolution was found with S and R enantiomers of amlodipine base where as no improvement was found with enantiomers of amlodipine besylate (p > 0.05) after complexation with HPBC. This indicates the formation of inclusion complexes with only enantiomers of amlodipine base (p 0.05). Stereospecific dissolution was observed with pure enantiomers of amlodipine base when its inclusion complexes were prepared by solvent evaporation method with l:1 and 1:2 molar ratios but not with 1:3 molar ratio.Colegio de Farmacéuticos de la Provincia de Buenos Aire

HIV prevention programmes for female sex workers in Andhra Pradesh, India: outputs, cost and efficiency

BACKGROUND: Female sex workers and their clients play a prominent role in the HIV epidemic in India. Systematic data on the outputs, cost and efficiency for HIV prevention programmes for female sex workers in India are not readily available to understand programme functioning and guide efficient use of resources. METHODS: Detailed output and cost data for the 2002–2003 fiscal year were obtained using standardised methods at 15 HIV prevention programmes for female sex worker in the state of Andhra Pradesh in southern India. The services provided and their relation to the total and unit economic costs were analysed using regression techniques. The trends for the number of sex workers provided services by the programmes since inception up to fiscal year 2004–2005 were examined. RESULTS: The 15 programmes provided services to 33941 sex workers in fiscal year 2002–2003 (range 803–6379, median 1970). Of the total number of contacts with sex workers, 41.6% were by peer educators and 58.4% by other programme staff. The number of sex worker contacts in a year by peer educators varied 74-fold across programmes as compared with a 2.7-fold variation in sex worker contacts by other programme staff. The annual economic cost of providing services to a sex worker varied 6-fold between programmes from Indian Rupees (INR) 221.8 (US$4.58) to INR 1369 (US$ 28.29) with a median of INR 660.9 (US$13.66) and mean of INR 517.8 (US$ 10.70). Personnel salaries made up 34.7% of the total cost, and recurrent goods made up 38.4% of which 82.1% was for condoms. The cost per sex worker provided services had a significant inverse relation with the number of sex workers provided services by a programme (p < 0.001, R(2 )= 0.75; power function). There was no correlation between the full time equivalents of programme staff and the number of sex workers provided services by the programmes, but there was a modest inverse correlation between the number of sex workers served and the average time spent with each sex worker in the year adjusted for the full-time equivalents of programme staff (p = 0.011, R(2 )= 0.40; exponential function). The average number of sex workers provided services annually by the first batch of 7 programmes started in early 1999 plateaued after the fourth fiscal year to 3500, whereas the 8 second-batch programmes started in late 2000 reached an average of 2000 sex workers in 2004–2005 with an increasing trend up to this fourth fiscal year. CONCLUSION: The HIV prevention efforts in this Indian state would benefit from standardisation of the highly variable services provided by peer educators, who form an important part of the sex worker programmes. The cost per sex worker served decreases with increasing number of sex workers served annually, but this has to be weighed against an associated modest trend of decrease in time spent with each sex worker in some programmes

Inward and Outward FDI Country Profiles, Second Edition

This second edition contains a series of 77 standardized country profiles dealing with the inward and outward foreign direct investment (FDI) performance of 40 economies. The profiles have been peer-reviewed by a global network of experts. The publication is intended to contribute to the analysis of trends in foreign direct investment and policy issues related to them. More specifically, the individual profiles discuss FDI trends and developments (country-level developments, the corporate players); effects of the recent global crises; and the policy scene. Each profile contains a standard set of tables, including on FDI stocks and flows, sectoral and geographical FDI distributions, the largest M&As and greenfield investments, the principal foreign affiliates (for inward FDI), and the principal multinational enterprises (for outward FDI). The standardized template used to produce the profiles allows cross-country comparisons. The volume is meant to be a reference tool for anyone interested in foreign direct investment