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Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

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Page 1: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

Statistics Canada Programmes Addressing

Globalization

Art Ridgeway

Balance of Payments DivisionJuly 2007

Page 2: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

Organization

• A highly centralized statistical system– Full range of social and economic statistics

• Economic statistics divided into two part:– Business and trade statistics

• Structural surveys, merchandise trade and prices

– National accounts and analytical studies• National accounts, which includes

– Balance of payments– Government financial statistics

• Analytical studies and current analysis

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Page 3: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

Corporations Returns Act

• Separate law (not Statistics Act)– directory of inter-corporate ownership

showing “who owns who" in Canada

• Annual report to Parliament on the foreign ownership and control of Canadian businesses

• Country of ultimate control

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Page 4: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

Foreign Direct Investment

• Limited detail for quarterly– Balance of Payments, and– International Investment Position

• Detailed position data - annually

• the net stock of FDI assets has been positive since 1997 – outward FDI in around 150 countries – FDI in Canada from about 100 countries

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Page 5: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

Foreign Affiliate Trade Statistics

• Limited progress in this area– Annual program linked to FDI survey– Outward data on the sales of goods and

services and employment only

• Limited data on inward to date– See globalization project below

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Page 6: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

Trade in Services

• Publish international trade in services data for – 32 service commodities – 60 countries and regions

• Three-year project to improve the data for international trade in services – Coverage improvement, particularly with respect to

small and medium sized businesses– Aim to have annual provincial breakdown of Canada’s

imports and exports of services by commodity

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Page 7: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

Trade in Goods: Exporter/Importer Registers

• Links customs data with the Business Register to provide demographics on trading enterprise

• Exporter Register database – value of merchandise exports for 1993 to 2005 period

• Importer Register database – currently available for 2000– data for 2003-2005 will be available this year

• Union of the Exporter and Importer databases– Insights into import content in exports

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Page 8: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

Trade in Intellectual Property:

Licenses for Patents, Trademarks and Copyrights • Technological balance of payments

– includes payments and receipts for the acquisition and use of patents, licenses, trademarks, designs, know-how and closely associated technical services, as well as for research and development services

• Reconciled with balance of payments – to identify firms that purchase R&D services

but perform no R&D themselves

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Page 9: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

Analytical Studies

• In-house personnel and external researchers – economic performance of multi-national enterprises – innovation related to multi-national enterprises – offshoring and outsourcing

• A survey paper covering research on multi-national enterprises is being prepared – It will review Statistics Canada’s work in this area over

the past quarter century

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Page 10: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

Globalization Project

• Statistics Canada has initiated a globalization indicators project in response to the OECD Handbook – Canadian multinational enterprises

• Global Value Chains Data Development – Feasibility Study– currently drafting questions for testing in

autumn 2007

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Page 11: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

Commercialization

• A pilot survey of commercialization in Canada for reference year 2006

• How are new developments brought to market?– for projects undertaken in Canada and

commercialized there and– for projects developed by Canadian firms

outside the country to exploit new markets

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Page 12: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

Business Register

• presently under redevelopment – additional emphasis is being put on recording

the international links between Canadian businesses and their foreign parents or subsidiaries

• Multi-national enterprises clearly identified– foreign MNE, Canadian MNE, and non-MNE – importers, exporters, both, or neither

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Page 13: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

International Labour Supply and Remittances

• These are challenges for Canada– Relatively weak data sources– Rely on a number of households surveys– Questions added over the past year

• Increasing use of temporary workers– Primarily from Mexico and Caribbean– Recently more from eastern Europe

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Page 14: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

General Business Survey

• A pilot survey in 2008-2009 with expectation of a full survey in 2009-2010

• Use, implementation and impact of business strategies in large firms

• In due course, expected to support longitudinal analysis

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Page 15: Balance of Payments Division Statistics Canada Statistics Canada Programmes Addressing Globalization Art Ridgeway Balance of Payments Division July 2007

Conclusion

[email protected]

• http://www.statcan.ca/– http://cansim2.statcan.ca/studies/perser.shtml

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