The multifactor productivity growth estimate published by statistical agencies should be corrected for the effect of the short run variations in capacity utilization for such estimate to be a measure of technological progress. But such correction is not normally made as the rate of capacity...

Labour productivity growth in the Canadian business sector slowed substantially after 2000. Most of the slowdown occurred in the manufacturing sector. This paper examines how this slowdown was associated with the restructuring that occurred in manufacturing as a result of the increase in excess...