This post was written by Mike Veall of the Department of Economics at McMaster University.
David Reevely and Jim Stanford, followed up by Paul Boothe, Mike Moffat, the Globe and Mail and others have shown that the Ontario Progressive Conservative millions job plan does not follow from the research it is based on. For example, one of their commissioned studies says that a reduction in regulation (Ontario level to Alberta level, however measured) will yield a total of 10,600 jobs. But the PC plan says that will create that many jobs per year, so that over 8 years, that is 8 × 10,600 = 84,800 jobs. They make the same mistake looking at other proposals.
I had been looking at this too but was slow to the draw. One point that I don’t think that has yet been covered is that one of the pieces the PCs misinterpreted, the study by Washington D.C. economist Benjamin Zycher, is not exactly technically watertight itself. So let’s flog the dead horse. I am grateful to WCI for giving me the space to do so.