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The allocation of investment capital, both
internationally and domestically, is increasingly acknowledged as
a leading contributor to a jurisdiction's economic success or
failure. It is, therefore, critical to have objective, empirical
measurements that document differences in investment climates.
The Provincial Investment Climate Index is an important step
toward creating empirical measurements of investment climates
since it quantitatively evaluates public policies that create and
sustain positive investment climates. The Provincial Investment
Climate Index includes seven components: (1) Corporate income tax
(CIT), (2) Fiscal prudence, (3) Personal income tax (PIT), (4)
Transportation infrastructure, (5) Corporate capital tax (CCT),
(6) Labour market regulation, and (7) Burden of
regulation.
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