The Effects of Capital on Interprovincial Migration: A Nova Scotia Focused Assessment
Keywords:
Capital Investment, Nova Scotia, Interprovincial Out-migrationAbstract
This paper examines the issue of interprovincial migration and its potential relationship to capital expenditure. This paper estimates and reviews the relationship between several variables and their effects on interprovincial migration; one of its main contributions is to analyze the effect of capital expenditure on net interprovincial migration. This issue was examined from a Nova Scotia perspective through both literature and an empirical model. A time-series cross sectional regression model found both median income and GDP per capita to be significant and influential explanatory variables. Capital expenditure was found to be statistically significant, but negatively related and negligible. Based on these findings and the literature review, four recommendations are proposed: continue with the status quo, incentivize return migration, provide a tax break for out of province commuters, and establish a system to expedite accreditation.
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