Showing 1 - 10 of 191
In this paper, we examine how the effect of movements in the real exchange rate on manufacturing plants depends on the plant's placement within the productivity distribution. Appreciations of the local currency expose domestic plants to more competition from abroad as export opportunities shrink...
Persistent link: https://www.econbiz.de/10008695482
KLEMS database for Canada. We estimate a dynamic heterogeneous panel error-correction model of twelve 2-digit level …
Persistent link: https://www.econbiz.de/10003641346
Many empirical studies have examined the cyclical nature of the markup ratio. Until recently, few have attempted to ascertain the changes in the markup over a longer time horizon. These changes are of no less interest in view of the posited effects of increasing import competition and lower...
Persistent link: https://www.econbiz.de/10003711671
policy. We study how firms form their inflation expectations using quarterly firm-level data from the Bank of Canada … structural shift specifications suggests that inflation expectations in Canada have drifted downward since the Great Recession …
Persistent link: https://www.econbiz.de/10011433529
The degree to which financial constraint is binding is often not directly observable in commonly used business data sets (e.g., Compustat). In this paper, we measure and estimate the likelihood of a firm being constrained by external financing using a data set of small- and medium-sized Canadian...
Persistent link: https://www.econbiz.de/10011538963
We assess the importance of downward nominal wage rigidity (DNWR) in Canada using both firm- and worker-level microdata …-based survey data from the Survey of Labour Income Dynamics (SLID). MWS data cover large unionized firms in Canada, while SLID is a … rich rotating panel representative of the employed population in Canada. Combining both sources of information allows for a …
Persistent link: https://www.econbiz.de/10011523061
macroprudential policy changes in Canada using a microsimulation model of mortgage demand of first-time homebuyers. Policies targeting …
Persistent link: https://www.econbiz.de/10011524648
This paper considers the problem of estimating a linear model between two heavy-tailed variables if the explanatory variable has an extremely low (or high) value. We propose an estimator for the model coefficient by exploiting the tail dependence between the two variables and prove its...
Persistent link: https://www.econbiz.de/10011458791
The number of workers who hold more than one job (a.k.a. multiple jobholders) has increased recently in Canada. While …
Persistent link: https://www.econbiz.de/10012135795
Using highly disaggregated transaction-level trade data, we document the importance of new firmlevel trade partner relationships and the addition of new products to existing relationships in driving long-run import flows. Moreover, we find that these margins are sensitive to movements in the...
Persistent link: https://www.econbiz.de/10012104327