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  • Articles and reports: 11-631-X2014001
    Geography: Canada
    Description:

    This presentation focuses on changes in the Canadian economic data subsequent to the 2008-09 recession, and emphasizes recent developments through the first two quarters of 2014. The material in the presentation is organized around three broad themes: (1) output and jobs, (2) wealth in the household sector, and (3) international trade. Graphical information is based on seasonally adjusted data available in CANSIM on September 30, 2014.

    This presentation complements the September release of Recent Developments in Canada’s Economy: Fall 2014, a semi-annual article that provides an integrated summary of recent changes in output, employment, household demand, international trade and prices.

    Release date: 2014-10-29

  • Articles and reports: 11F0027M2014094
    Geography: Canada
    Description:

    This report compares household net worth per capita in Canada and the United States from 1970 to 2012, using data from the Canadian National Balance Sheet Accounts and the Flow of Funds Accounts published by the U.S. Federal Reserve.

    Three approaches are adopted. The first makes a level comparison using values adjusted for purchasing power parity (PPP). The second uses ratios of real net worth per capita and net worth relative to disposable income. The third decomposes the growth of the ratio of net worth to disposable income. Together, these approaches provide mutually re-enforcing results that are more robust than what could be derived from any one approach in isolation.

    Release date: 2014-08-20

  • Articles and reports: 11F0027M2014093
    Geography: Canada
    Description:

    This paper examines the composition of Canadian and United States gross national saving for a period spanning more than 80 years, using time series from the Bureau of Economic Analysis in the United States and a newly created dataset for Canada. The paper tracks short-term, year-to-year fluctuations, cyclical fluctuations and long-term compositional changes. It illustrates a substantial degree of national saving reallocation across sectors, annually and across business cycles. The national saving rate is more stable than sector saving rates, implying that sectoral changes have been largely offsetting.

    Release date: 2014-06-26

  • Articles and reports: 11-626-X2014034
    Geography: Canada
    Description:

    This article in the Economic Insights series provides users with an integrated summary of recent changes in output, employment, household demand, international trade and prices. Organized as a statistical summary of major indicators, the report is designed to inform about recent developments in the Canadian economy, highlighting changes in the economic data during late 2013 and early 2014. Unless otherwise noted, the tabulations presented in this report are based on seasonally adjusted data available in CANSIM on March 18, 2014.

    Release date: 2014-03-28

  • Articles and reports: 11F0027M2014090
    Geography: Canada
    Description:

    The paper examines whether the integration of Canadian manufacturing firms into a global value chain (GVC) improves their productivity. To control for the self-selection effect (more productive firms self-select to join a GVC), propensity-score matching and difference-in-difference methods are used. Becoming part of a GVC can enhance firms' productivity, both immediately and over time. The magnitude and timing of the effects vary by industrial sector, internationalization process, and import source/export destination country in a way that suggests the most substantial advantages of GVC participation are derived from technological improvements.

    Release date: 2014-03-17

  • Articles and reports: 11F0027M2014089
    Geography: Canada
    Description:

    This paper examines two aspects of productivity growth in Canada's broadcasting and telecommunications industry. The first is the extent to which aggregate MFP growth in the sector came from scale economies as opposed to technical progress. The second is the extent to which aggregate labour productivity growth and MFP growth came from within-firm growth, and from the effect of reallocation due to firm entry and exit and within incumbents' the dynamic forces associated with competitive change.

    Release date: 2014-02-06

  • Articles and reports: 11F0027M2014088
    Geography: Canada
    Description:

    This paper compares the relative importance of small and large firms in the business sectors of Canada and the United States from 2002 to 2008 using estimates of the contribution of small and large firms to the gross domestic product (GDP) of each country. It then makes use of estimates of labour input for comparison purposes. In this paper, small firms are defined as those with fewer than 500 employees and large firms as those with 500 or more employees.

    Release date: 2014-01-08

  • Articles and reports: 11-626-X2013031
    Geography: Canada
    Description:

    This article in the Economic Insights series reports the impact of correcting for variations in capacity utilization on multifactor productivity growth in Canadian business industries. It is based on a recently released Statistics Canada research paper. Results show that multifactor productivity growth is procyclical for almost all business industries, and that such pro-cyclicality largely reflects variations in capacity utilization in some industries, especially in manufacturing and mining.

    Release date: 2013-10-04

  • Articles and reports: 11-626-X2013030
    Geography: Canada
    Description:

    This article in the Economic Insights series provides users with an integrated summary of recent changes in output, employment, household demand, international trade and prices. Organized as a statistical summary of major indicators, the report is designed to inform about recent developments in the Canadian economy, highlighting changes in the economic data during the first half of 2013. Unless otherwise noted, the tabulations presented in this report are based on seasonally-adjusted data available in CANSIM on September 17, 2013.

    Release date: 2013-09-30

  • Articles and reports: 11F0027M2013085
    Geography: Canada
    Description:

    This paper presents a non-parametric approach for adjusting the multifactor productivity growth (MFPG) measure for variations in capacity utilization over time. In the framework developed here, a capital utilization measure is derived from the economic theory of production and is estimated by comparing the ex-post return with the ex-ante expected return on capital. The non-parametric approach is then compared with the parametric approach and the standard growth accounting framework. Both the non-parametric and parametric approaches correct for the cyclical bias in the standard MFPG measure, but the non-parametric approach offers more practical adjustment for capacity utilization, because it is easier to implement and more in line with the non-parametric approach long used by statistical agencies and researchers.

    Release date: 2013-07-23
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  • Articles and reports: 11-631-X2014001
    Geography: Canada
    Description:

    This presentation focuses on changes in the Canadian economic data subsequent to the 2008-09 recession, and emphasizes recent developments through the first two quarters of 2014. The material in the presentation is organized around three broad themes: (1) output and jobs, (2) wealth in the household sector, and (3) international trade. Graphical information is based on seasonally adjusted data available in CANSIM on September 30, 2014.

    This presentation complements the September release of Recent Developments in Canada’s Economy: Fall 2014, a semi-annual article that provides an integrated summary of recent changes in output, employment, household demand, international trade and prices.

    Release date: 2014-10-29

  • Articles and reports: 11F0027M2014094
    Geography: Canada
    Description:

    This report compares household net worth per capita in Canada and the United States from 1970 to 2012, using data from the Canadian National Balance Sheet Accounts and the Flow of Funds Accounts published by the U.S. Federal Reserve.

    Three approaches are adopted. The first makes a level comparison using values adjusted for purchasing power parity (PPP). The second uses ratios of real net worth per capita and net worth relative to disposable income. The third decomposes the growth of the ratio of net worth to disposable income. Together, these approaches provide mutually re-enforcing results that are more robust than what could be derived from any one approach in isolation.

    Release date: 2014-08-20

  • Articles and reports: 11F0027M2014093
    Geography: Canada
    Description:

    This paper examines the composition of Canadian and United States gross national saving for a period spanning more than 80 years, using time series from the Bureau of Economic Analysis in the United States and a newly created dataset for Canada. The paper tracks short-term, year-to-year fluctuations, cyclical fluctuations and long-term compositional changes. It illustrates a substantial degree of national saving reallocation across sectors, annually and across business cycles. The national saving rate is more stable than sector saving rates, implying that sectoral changes have been largely offsetting.

    Release date: 2014-06-26

  • Articles and reports: 11-626-X2014034
    Geography: Canada
    Description:

    This article in the Economic Insights series provides users with an integrated summary of recent changes in output, employment, household demand, international trade and prices. Organized as a statistical summary of major indicators, the report is designed to inform about recent developments in the Canadian economy, highlighting changes in the economic data during late 2013 and early 2014. Unless otherwise noted, the tabulations presented in this report are based on seasonally adjusted data available in CANSIM on March 18, 2014.

    Release date: 2014-03-28

  • Articles and reports: 11F0027M2014090
    Geography: Canada
    Description:

    The paper examines whether the integration of Canadian manufacturing firms into a global value chain (GVC) improves their productivity. To control for the self-selection effect (more productive firms self-select to join a GVC), propensity-score matching and difference-in-difference methods are used. Becoming part of a GVC can enhance firms' productivity, both immediately and over time. The magnitude and timing of the effects vary by industrial sector, internationalization process, and import source/export destination country in a way that suggests the most substantial advantages of GVC participation are derived from technological improvements.

    Release date: 2014-03-17

  • Articles and reports: 11F0027M2014089
    Geography: Canada
    Description:

    This paper examines two aspects of productivity growth in Canada's broadcasting and telecommunications industry. The first is the extent to which aggregate MFP growth in the sector came from scale economies as opposed to technical progress. The second is the extent to which aggregate labour productivity growth and MFP growth came from within-firm growth, and from the effect of reallocation due to firm entry and exit and within incumbents' the dynamic forces associated with competitive change.

    Release date: 2014-02-06

  • Articles and reports: 11F0027M2014088
    Geography: Canada
    Description:

    This paper compares the relative importance of small and large firms in the business sectors of Canada and the United States from 2002 to 2008 using estimates of the contribution of small and large firms to the gross domestic product (GDP) of each country. It then makes use of estimates of labour input for comparison purposes. In this paper, small firms are defined as those with fewer than 500 employees and large firms as those with 500 or more employees.

    Release date: 2014-01-08

  • Articles and reports: 11-626-X2013031
    Geography: Canada
    Description:

    This article in the Economic Insights series reports the impact of correcting for variations in capacity utilization on multifactor productivity growth in Canadian business industries. It is based on a recently released Statistics Canada research paper. Results show that multifactor productivity growth is procyclical for almost all business industries, and that such pro-cyclicality largely reflects variations in capacity utilization in some industries, especially in manufacturing and mining.

    Release date: 2013-10-04

  • Articles and reports: 11-626-X2013030
    Geography: Canada
    Description:

    This article in the Economic Insights series provides users with an integrated summary of recent changes in output, employment, household demand, international trade and prices. Organized as a statistical summary of major indicators, the report is designed to inform about recent developments in the Canadian economy, highlighting changes in the economic data during the first half of 2013. Unless otherwise noted, the tabulations presented in this report are based on seasonally-adjusted data available in CANSIM on September 17, 2013.

    Release date: 2013-09-30

  • Articles and reports: 11F0027M2013085
    Geography: Canada
    Description:

    This paper presents a non-parametric approach for adjusting the multifactor productivity growth (MFPG) measure for variations in capacity utilization over time. In the framework developed here, a capital utilization measure is derived from the economic theory of production and is estimated by comparing the ex-post return with the ex-ante expected return on capital. The non-parametric approach is then compared with the parametric approach and the standard growth accounting framework. Both the non-parametric and parametric approaches correct for the cyclical bias in the standard MFPG measure, but the non-parametric approach offers more practical adjustment for capacity utilization, because it is easier to implement and more in line with the non-parametric approach long used by statistical agencies and researchers.

    Release date: 2013-07-23
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