insight & evidence
by Peter Nicholson In terms of growth of GDP per capita, Canada’s Maritimes ranks at the bottom among US States and Canadian Provinces. But the story less often told is how much the Maritime Provinces have converged toward the all-Canada average over the long run. The chart below shows that PEI has gone from 46% of the Canadian average GDP per capita in 1960 to 75% in 2016, and likely higher...
by Peter Nicholson Summary: The objective of the paper is to make the case for Artificial Intelligence (AI) as a “General Purpose Technology”—analogous in potential economic impact to revolutionary technologies of the past such as the steam engine, electricity, and the microchip which spawned the industrial revolutions that created the modern world. The theme is the potential of AI to reignite...
by Peter Nicholson The graph below appeared in a recent post on X by Johnatan Pallesen. Although the vertical scale is not explicitly indicated, it is presumably in units appropriate to each of the six variables plotted—e.g., Life expectancy in years from zero to about 100; GDP/capita from zero to about US$70,000. The point is to illustrate the spectacular take-off in the growth of an array of...
by Bernie Miller In May of 1994, Peter Drucker wrote a broad-ranging article for the Atlantic Monthly which he called The Age of Social Transformation weaving together observations which, 26 years later, seem remarkably prescient. One passage is worthy of special note: “The twenty-first century will surely be one of continuing social, economic and political turmoil and challenge, at least in its...
By Peter Nicholson This note summarizes and comments on key findings of the 2024 World Happiness Report (WHR), the latest in a series of annual publications that explore the nature and implications of a particular concept of “happiness” in a cross-nation comparative context. There should be much greater awareness of this exceptionally rich body of work and of its implications for public policy...
An analysis of public service employment trends: 2010-23 By Peter Nicholson Since Justin Trudeau became Prime Minister in 2015 almost 100 thousand (net) new employees have been added to the federal public service, an increase of nearly 40% in eight years. The growth in 2023 alone numbered some 21,000 or 6.3%.[1] The significant increase has begun to attract media attention, notably a recent...
By Peter Nicholson Canada’s economy has a growth problem, and the country is finally starting to notice. As Andrew Coyne recently pointed out, Canada is no longer one of the richest countries on earth. Emphasis was added by the Bank of Canada’s senior deputy governor, Carolyn Rogers, who stated in a March 26th speech that Canada’s continuing stagnant productivity growth has become an...
By Dr. Peter Nicholson – Opening Statement 5 February 2024 Let me begin by thanking the Committee for providing this forum to address the potential for massive offshore renewable energy development off our Atlantic coast, a scale of opportunity that has been greatly underestimated. Realization of the opportunity will depend on many factors, but one essential precondition is an appropriate...
By Peter Nicholson George Monbiot, writing in the Guardian, argues for a broader and deeper analysis of the Trump phenomenon, positing that Trump voters possess an “extrinsic” value set, while Biden voters are more likely to express “intrinsic” values.[1] Monbiot is right that Trump represents the epitome of extrinsic values and thus may be powerfully attractive to those of a similar values...
How Atlantic Canada Can Become an Energy Superpower By Peter Nicholson for public policy forum INTRODUCTION Less than 200 kilometres off the coast of Nova Scotia lies the fabled Sable Island, known to generations of seafarers as the Graveyard of the Atlantic, a testament to the countless ships that foundered on its shallow, sandy reefs. Famous for its unique herd of feral horses that have...
insight & evidence