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  • Articles and reports: 11-010-X200801110733
    Geography: Canada
    Description:

    The post-2002 boom in natural resource prices has been a dominant factor in sectors such as exports, investment and the stock market. However, they have had little direct impact on real output or employment, but indirectly have lifted domestic spending.

    Release date: 2008-11-13

  • Articles and reports: 16-002-X200800210623
    Geography: Canada
    Description: This study compares businesses' greenhouse gas (GHG) reduction activities and expenditures by establishment size using data from the Survey of Environmental Protection Expenditures.
    Release date: 2008-06-25

  • Articles and reports: 11F0027M2008050
    Geography: Canada
    Description:

    This paper examines whether or not the long-term government bond rate could reasonably be employed as the rate of return on public capital when calculating public sector gross domestic product. It finds that the rate of return on public capital is lower than often reported and is roughly consistent with the rate of return on private capital. Given that there is a range of estimates that are plausible, the paper concludes that the long-run government bond rate could be used as a conservative estimate for the rate of return for public infrastructure.

    Previous studies have shown that production function estimates tend to find rates of return that are implausibly large, while cost function estimates appear more reasonable. This paper shows that public capital and total factor productivity (TFP) growth behave similarly, and argues that production function estimates for the impact of public capital overstate its impact as a result, catching part of what belongs in estimates of TFP. It also shows that the similarity between the growth in public capital and TFP leads to a large confidence interval around public capital elasticity estimates derived from the production function framework. The paper then proceeds by generating a confidence interval from the production function estimated first with and then without TFP growth. It then uses a cost function to pinpoint more precisely estimates for the marginal cost savings from public capital. Importantly, the estimate derived from the cost function is found in the lower part of the confidence interval derived from the production function. The rate of return associated with the overlapping estimates is then shown to cover a range that extends from the average long-run government bond rate to the rate of return on private capital.

    Release date: 2008-04-15

  • Articles and reports: 11-010-X200800410559
    Geography: Canada
    Description:

    Despite the turmoil in financial markets and a slowdown in the US, Canada's growth was remarkably steady in 2007. This reflects the ongoing boom in the resource sector and the boost the rising loonie gave to domestic spending.

    Release date: 2008-04-10

  • Articles and reports: 11-622-M2008018
    Geography: Canada
    Description:

    This paper examines the presence of knowledge spillovers that affect the adoption of advanced technologies in the Canadian manufacturing sector. It examines whether plants that adopt advanced technologies are more likely to do so when there are other nearby plants that do so within a model of technology adoption.

    Release date: 2008-02-05

  • Articles and reports: 11F0027M2008049
    Geography: Canada
    Description:

    Productivity and wages tend to be higher in cities. This is typically explained by agglomeration economies, which increase the returns associated with urban locations. Competing arguments of specialization and diversity undergird these claims. Empirical research has long sought to confirm the existence of agglomeration economies and to adjudicate between the models of Marshall, Arrow and Romer (MAR) that suggest the benefits of proximity are largely confined to individual industries, and the claims of Jacobs (1969) that such benefits derive from a general increase in the density of economic activity in a particular place and are shared by all occupants of that location. The primary goal of this paper is to identify the main sources of urban increasing returns, after Marshall (1920). A secondary goal is to examine the geographical distance across which externalities flow between businesses in the same industry. We bring to bear on these questions plant-level data organized in the form of a panel across the years 1989 and 1999. The panel data overcome selection bias resulting from unobserved plant-level heterogeneity that is constant over time. Plant-level production functions are estimated across the Canadian manufacturing sector as a whole and for five broad industry groups, each characterized by the nature of their output. Results provide strong support for Marshall's (1920) claims about the importance of buyer-supplier networks, labour market pooling and spillovers. The data show spillovers enhance plant productivity within industries rather than between them and that these spillovers tend to be more spatially extensive than previous studies have found.

    Release date: 2008-02-05

  • Articles and reports: 11-010-X200800110510
    Geography: Canada
    Description:

    This paper empirically illustrates the impact of ongoing changes to Canada's terms of trade. It provides a discussion of how the terms of trade are measured and how to interpret terms of trade shifts. Examples of two major factors affecting Canada's terms of trade are provided, followed by an empirical analysis of how the terms of trade improvements that began in early 2003 have affected consumption, investment and import activity. The paper concludes by illustrating why final domestic demand growth has outpaced real GDP growth since 2003.

    Release date: 2008-01-17

  • Articles and reports: 11-624-M2008018
    Geography: Canada
    Description:

    This paper empirically illustrates the impact of ongoing changes to Canada's terms of trade. It provides a discussion of how the terms of trade are measured and how to interpret terms of trade shifts. Examples of two major factors affecting Canada's terms of trade are provided, followed by an empirical analysis of how the terms of trade improvements that began in early 2003 have affected consumption, investment and import activity. The paper concludes by illustrating why final domestic demand growth has outpaced real GDP growth since 2003.

    Release date: 2008-01-17
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  • Articles and reports: 11-010-X200801110733
    Geography: Canada
    Description:

    The post-2002 boom in natural resource prices has been a dominant factor in sectors such as exports, investment and the stock market. However, they have had little direct impact on real output or employment, but indirectly have lifted domestic spending.

    Release date: 2008-11-13

  • Articles and reports: 16-002-X200800210623
    Geography: Canada
    Description: This study compares businesses' greenhouse gas (GHG) reduction activities and expenditures by establishment size using data from the Survey of Environmental Protection Expenditures.
    Release date: 2008-06-25

  • Articles and reports: 11F0027M2008050
    Geography: Canada
    Description:

    This paper examines whether or not the long-term government bond rate could reasonably be employed as the rate of return on public capital when calculating public sector gross domestic product. It finds that the rate of return on public capital is lower than often reported and is roughly consistent with the rate of return on private capital. Given that there is a range of estimates that are plausible, the paper concludes that the long-run government bond rate could be used as a conservative estimate for the rate of return for public infrastructure.

    Previous studies have shown that production function estimates tend to find rates of return that are implausibly large, while cost function estimates appear more reasonable. This paper shows that public capital and total factor productivity (TFP) growth behave similarly, and argues that production function estimates for the impact of public capital overstate its impact as a result, catching part of what belongs in estimates of TFP. It also shows that the similarity between the growth in public capital and TFP leads to a large confidence interval around public capital elasticity estimates derived from the production function framework. The paper then proceeds by generating a confidence interval from the production function estimated first with and then without TFP growth. It then uses a cost function to pinpoint more precisely estimates for the marginal cost savings from public capital. Importantly, the estimate derived from the cost function is found in the lower part of the confidence interval derived from the production function. The rate of return associated with the overlapping estimates is then shown to cover a range that extends from the average long-run government bond rate to the rate of return on private capital.

    Release date: 2008-04-15

  • Articles and reports: 11-010-X200800410559
    Geography: Canada
    Description:

    Despite the turmoil in financial markets and a slowdown in the US, Canada's growth was remarkably steady in 2007. This reflects the ongoing boom in the resource sector and the boost the rising loonie gave to domestic spending.

    Release date: 2008-04-10

  • Articles and reports: 11-622-M2008018
    Geography: Canada
    Description:

    This paper examines the presence of knowledge spillovers that affect the adoption of advanced technologies in the Canadian manufacturing sector. It examines whether plants that adopt advanced technologies are more likely to do so when there are other nearby plants that do so within a model of technology adoption.

    Release date: 2008-02-05

  • Articles and reports: 11F0027M2008049
    Geography: Canada
    Description:

    Productivity and wages tend to be higher in cities. This is typically explained by agglomeration economies, which increase the returns associated with urban locations. Competing arguments of specialization and diversity undergird these claims. Empirical research has long sought to confirm the existence of agglomeration economies and to adjudicate between the models of Marshall, Arrow and Romer (MAR) that suggest the benefits of proximity are largely confined to individual industries, and the claims of Jacobs (1969) that such benefits derive from a general increase in the density of economic activity in a particular place and are shared by all occupants of that location. The primary goal of this paper is to identify the main sources of urban increasing returns, after Marshall (1920). A secondary goal is to examine the geographical distance across which externalities flow between businesses in the same industry. We bring to bear on these questions plant-level data organized in the form of a panel across the years 1989 and 1999. The panel data overcome selection bias resulting from unobserved plant-level heterogeneity that is constant over time. Plant-level production functions are estimated across the Canadian manufacturing sector as a whole and for five broad industry groups, each characterized by the nature of their output. Results provide strong support for Marshall's (1920) claims about the importance of buyer-supplier networks, labour market pooling and spillovers. The data show spillovers enhance plant productivity within industries rather than between them and that these spillovers tend to be more spatially extensive than previous studies have found.

    Release date: 2008-02-05

  • Articles and reports: 11-010-X200800110510
    Geography: Canada
    Description:

    This paper empirically illustrates the impact of ongoing changes to Canada's terms of trade. It provides a discussion of how the terms of trade are measured and how to interpret terms of trade shifts. Examples of two major factors affecting Canada's terms of trade are provided, followed by an empirical analysis of how the terms of trade improvements that began in early 2003 have affected consumption, investment and import activity. The paper concludes by illustrating why final domestic demand growth has outpaced real GDP growth since 2003.

    Release date: 2008-01-17

  • Articles and reports: 11-624-M2008018
    Geography: Canada
    Description:

    This paper empirically illustrates the impact of ongoing changes to Canada's terms of trade. It provides a discussion of how the terms of trade are measured and how to interpret terms of trade shifts. Examples of two major factors affecting Canada's terms of trade are provided, followed by an empirical analysis of how the terms of trade improvements that began in early 2003 have affected consumption, investment and import activity. The paper concludes by illustrating why final domestic demand growth has outpaced real GDP growth since 2003.

    Release date: 2008-01-17
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