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Record W2190271428 · doi:10.55016/ojs/sppp.v8i1.42508

Better off Dead: “Value Added” in Economic Policy Debates

2015· article· en· W2190271428 on OpenAlexaffabout
Trevor Tombe

Bibliographic record

VenueThe School of Public Policy Publications · 2015
Typearticle
Languageen
FieldSocial Sciences
TopicCanadian Policy and Governance
Canadian institutionsUniversity of Calgary
Fundersnot available
KeywordsValue (mathematics)EconomicsPublic economicsPolitical scienceEconomic policyMathematicsStatistics

Abstract

fetched live from OpenAlex

Politicians across Canada have come to understand that our economy improves when we develop so-called “value added” industries and jobs. They suppose that turning raw materials into finished goods creates more value added than simply extracting and exporting raw materials directly. That understanding is entirely and often dangerously wrong. Indeed, the meaning of the phrase “value added” has been so widely misunderstood and distorted that we would all be better off if it were struck from the political rhetoric and public debate entirely. The reality is that almost everything Canadians are being told about which activities add value, and which ones do not, is utterly backwards. Manufacturing has come to be seen as the ultimate source of value added, as though the physical manipulation of matter was somehow responsible. For example, the leader of the federal Opposition, the NDP’s Thomas Mulcair, has insisted that “exporting unrefined heavy oil creates no valueadded jobs” and likens exporting raw logs to “a practice typical of undeveloped nations.” It is not just the NDP, similar statements are made across the political spectrum. Fortunately for us, such views can be put to the test. We will see that they are not just inaccurate, they are the very opposite of the reality: Canada’s raw resource extraction industries actually provide the highest valueadded, often by a significant margin. Oil and gas extraction, for example, creates $1.36 million in value per job per year, 15 times higher than the national average for all sectors and more than triple the value added per job per year in the petroleum products refining sector. Absent such data, is there a better way to think about value added that would provide a clear and intuitive defense to misleading statements? Thankfully, there is: industries that generate the most income are industries with high value added. To say a sector like oil and gas extraction creates no value-added jobs is to say it creates no income, which is plainly false. If replacing “income” for “value added” leads a claim to not make sense, then it is likely false and the politician or commentator should be dismissed. Disturbingly, this mixed-up thinking matters a lot for the health of Canada’s economy. Public policy often favours supposedly high value-added industries at the expense of others through subsidies or other supports. Instead of creating value, when governments favour one sector over another they invariably hurt the economy by distorting the allocation of labour and capital, which lowers Canada’s overall GDP. This is true for any subsidy made on the basis of “value added” – subsidizing resource extraction would also be economically damaging. There may be other reasons to provide industry supports – but value added is never one of them. Canada’s economy, and everyone in it, would be better off if politicians and public commentators put the phrase “value added” to rest.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.025
metaresearch head score (Gemma)0.034
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.858
Threshold uncertainty score0.996

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0250.034
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0050.007
Science and technology studies0.0300.061
Scholarly communication0.0360.023
Open science0.0050.007
Research integrity0.0270.027
Insufficient payload (model declined to judge)0.0080.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.050
GPT teacher head0.337
Teacher spread0.287 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations1
Published2015
Admission routes2
Has abstractyes

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