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What America’s Decline in Economic Freedom Means for Entrepreneurship and Prosperity
There is ongoing interest both inside and outside the United States regarding the nation’s tepid and abnormally slow recovery from the pronounced contractions in 2008. A number of scholars have explained components of the slow recovery but almost no ...
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Entrepreneurship, Demographics and Capital Gains Tax Reform
Business start-ups, and entrepreneurship more generally, drive productivity and economic growth. But the rate of business start-ups in Canada is declining. Since it peaked in 2004, the rate of business start-ups as a share of existing firms has declined ...
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Interest rates are low because of demographics; an aging population of savers creates a borrower's market
Appeared in the Financial Post The Bank of Canada apparently surprised the chattering classes and everybody else this week by dropping its benchmark interest rate. The element of surprise, of course, reflected the firmly held convictions by Bank ...
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Lessons from Abroad for Capital Gains Tax Reform
Appeared in the Financial Post Like the late 1990s, the federal government is about to balance its budget after a period of consistent deficits and debt accumulation. While a variety of voices are sure to offer up ways to use the coming surpluses, Canada ...
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Capital Gains Tax Reform in Canada: Lessons from Abroad
The Canadian economy is currently sluggish. Low economic growth has broad implications including slower growth in employment, income, and living standards. Any debate about using future budgetary surpluses should focus on policy measures that can improve ...
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The Economic Costs of Capital Gains Taxes in Canada
Capital gains taxes, like all forms of taxation, raise revenues for the government. But capital gains taxes impose significant costs on the economy. The cost of capital gains taxes is not limited to the amount of tax revenue collected. Capital gains taxes ...
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Chronic worrywarts are the enemies of a cleaner future
Appeared in the Calgary Herald In The Future and Its Enemies The Growing Conflict over Creativity, Enterprise and Progress, a book published shortly before the millennium, author Virginia Postrel decried widespread pessimistic attacks on humanity's ...
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Dragon's Den Meets Adam Smith
Appeared in the Huffington Post Each week, millions of Canadians learn about the trials and tribulations of entrepreneurship while being entertained by one of the country's most successful television shows, CBC's Dragon's Den. Each week, ...
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Measuring Entrepreneurship: Conceptual Frameworks and Empirical Indicators
This study first presents the most important definitions of entrepreneurship and explores their similarities and differences. Then it examines the most widely cited and used measures of entrepreneurship and discusses their strengths and weaknesses. ...
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Measuring Business Creation in Canada and the United States
This study examines business creation in Canada and the United States. Business creation refers to the process of starting a new enterprise and is an important aspect of entrepreneurship. Economic research outlined in this study reveals that business ...