Report

Report

Executive Summary

Over the past two centuries, the world has become more urban, as people have moved to the cities to better their lives. Cities exist because, as large labour markets, they facilitate a higher standard of living for residents and reduce poverty. Governments place a high priority on these social goods. Achieving them requires that governments pursue policies that lead to higher household discretionary income. Governments must also proactively avoid policies that reduce discretionary income.

Regrettably, urban containment policy, the subject of this report, increases house prices relative to income, thereby reducing discretionary income and the standard of
living while increasing poverty. ...

Executive Summary

This analysis arrives at approximations of the value of SaskPower, a provincial Crown corporation owned by the government, and thus the citizens and taxpayers, of the province of Saskatchewan. The valuation ranges could be useful in determining the future ownership or use of this asset. Every organization needs to review what it could or should do to serve its clients and whether its present array of assets is appropriate for its strategy and its future operations.

Market-based and intrinsic valuations of SaskPower

The best probable estimate of the total market capitalization, that is, the total value of the company were it to be traded on...

Executive Summary

In 2011, the Organization for Economic Cooperation and Development (OECD) conducted a study of 27 member countries to assess the size of the national government-run enterprise sector. The study examined the number, employment and economic value of enterprises. Canada placed in the middle among the examined countries with 33 GBEs, 105,296 employees and a US$21.6-billion in market value. OECD’s data however completely omitted to include government–run businesses at the provincial and municipal levels. In fact, the size of the government business sector in Canada is much larger than expected and some of these businesses may be suitable candidates...

Executive Summary

The 1944 Chicago International Aviation Conference, known as the Chicago Conference, was convened to determine how best to deal with air transportation between countries. A multilateral or borderless trade was proposed by the United States (hereafter U.S.) but it failed to emerge as the accepted approach in Chicago. From that time on, countries have dealt with each other on a bilateral or country-to-country basis. This has hamstrung the industry since.

A bilateral trade in air services means that each country has the right to require that the airline of the country with whom it is negotiating be “substantially owned or effectively controlled” by that...

Executive Summary

• Professor William Baumol coined the term “the cost disease” to indicate that the cost of consumer products has increased at the rate of the Consumer Price Index (CPI), while the cost of education and health care have increased at an exponential rate.

• From 1999-00 to 2010-11, for example, enrollment in Canadian public schools decreased by 6.8 per cent, the number of educators increased by 8.0 per cent, and expenditures increased by about 60 per cent from slightly over $37.3-billion to almost $59.2-billion.

• If the public education expenditures increased at the same rate as the increase in CPI, it would be $46.8-billion and...

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