productivity residuals in the United States and Canada. Using data on 19 manufacturing industries, we study the behavior of … productivity using three proxies for capital services. We find that adjusting for cyclical movements in capital utilization alters … many of the empirical characteristics of productivity, both within and across countries …

Labour productivity growth in the Canadian business sector slowed substantially after 2000. Most of the slowdown … in manufacturing as a result of the increase in excess capacity, the dramatic increase in the Canada – U.S. exchange rate … and a slowdown in export growth. The paper finds that at least half of the slowdown in aggregate productivity growth is …

industry and potential coping techniques. This study estimates capacity utilization, which is a measurement that is well …-suited to identify how input prices affect productivity in the short-run. The results show that capacity utilization decreased …