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Using an error-correction model (ECM) framework, the authors attempt to quantify the degree of disequilibrium in Canadian housing stock over the period 1961–2008 for the national aggregate and over 1981–2008 for the provinces. They find that, based on quarterly data, the level of housing...
Persistent link: https://www.econbiz.de/10003996869
In this paper we explore variables that may have an impact on multifactor productivity (MFP) in the long-run using the … KLEMS database for Canada. We estimate a dynamic heterogeneous panel error-correction model of twelve 2-digit level … level of industry MFP. The speed of adjustment varies significantly by industry. -- Productivity …
Persistent link: https://www.econbiz.de/10003641346
as they change jobs, voluntarily or involuntarily. The model, calibrated to the United States and Canada, accounts for … one-third of the firmsize wage premium. Regarding the earnings gap between Canada and the United States, the model finds … that it is solely due to differences in labor market uncertainty. -- Economic models ; Labour markets ; Productivity …
Persistent link: https://www.econbiz.de/10003773015
account for half of the Canada-U.S. labour productivity gap in manufacturing. -- Productivity …This paper examines the relationship between firm size and productivity. In contrast to previous studies, this paper … distribution of employment over firm size categories has affected Canadian aggregate productivity, and whether differences in the …
Persistent link: https://www.econbiz.de/10003775755
In Canada, temporary workers account for 14 per cent of jobs in the non-farm business sector, are present in a range of … costly labour adjustment and temporary workers. The calibrated model captures some features of job reallocation in Canada … workers are not accounted for. -- Labour markets ; Productivity …
Persistent link: https://www.econbiz.de/10008695468
plant's placement within the productivity distribution. Appreciations of the local currency expose domestic plants to more … plants are forced from the market, which truncates the lower end of the productivity distribution. For surviving plants …, appreciations can lead to a reduction in plant size, which, in the presence of scale economies, can lower productivity. We examine …
Persistent link: https://www.econbiz.de/10008695482
output gap), as well as through persistent supply side effects (affecting trend growth). We estimate this model for Canada … economically small. -- Economic models ; Interest rates ; Transmission of monetary policy ; Productivity ; Potential output …
Persistent link: https://www.econbiz.de/10003933367
most recent data available. It examines the determinants of these flows and their relationship with the productivity growth …, shifts of employment labour between industries have generally not contributed positively to aggregate labour productivity … rates within industries are found to be strongly related to multifactor productivity and labour productivity growth at the …
Persistent link: https://www.econbiz.de/10003933394
productivity observed in the Canadian economy. The paper performs a decomposition of the labor factor for Canada and the United … relative increase in effective labor taxes in Canada. -- Labour markets ; Potential output ; Productivity … growth model with macroeconomic variables observed in the data. The paper finds that total factor productivity and the …
Persistent link: https://www.econbiz.de/10003711689
-down approach of Diewert and Yu (2012). Inputs and outputs are measured and used to estimate the quarterly total factor productivity …
Persistent link: https://www.econbiz.de/10010474746