Investment Slowdown in Canada After the Mid-2000s: The Role of Competition and Intangibles

Description: This paper contributes to the understanding of the investment slowdown in Canada by focusing on the role of intangibles and competition. While this paper focuses on the role of intangibles and competition in the investment slowdown, it also examines several other firm-specific factors that may be related to investment and its slowdown. These factors include firm leverage, defined as the debt-to-asset ratio; the factors related to financial constraints, measured by the retained earnings-to-asset ratio and profit-to-asset ratio; and firm size.

Issue Number: 2024001

Frequency: Occasional

DOI: https://doi.org/10.25318/11f0019m2024001-eng