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All (15) (0 to 10 of 15 results)
- Articles and reports: 36-28-0001202500400004Description: The unit labour cost (ULC) is often used as a broad measure of international price competitiveness. It deviates from the inflation rate when the real wage rate and labour productivity grow at different paces. Since the COVID-19 pandemic, Canada has experienced an acceleration of unit labour cost growth and a significant upward deviation from the inflation rate, while this has not happened in the United States. This article explores the sources of the Canada–U.S. ULC growth gap and the factors contributing to its widening.Release date: 2025-04-23
- Articles and reports: 36-28-0001202300600005Description: The recent period of high inflation has prompted a number of studies examining its causes and consequences. Of particular interest if whether “greedflation”, the situation where businesses are taking the opportunity in a high inflationary environment to increase their prices above their underlying costs of production in order to garner higher profits. This article sheds light on this by investigating how labour costs (primarily wages and salaries), and non-labour costs (primarily returns to capital) are evolving relative to inflation.Release date: 2023-06-28
- Articles and reports: 36-28-0001202201000002Description: Rising wages and prices have characterized 2021 and 2022. Soaring unit labour costs have raised competitiveness concerns. This article examines the relationship between real wages and productivity to see whether real wage growth (growth in real total compensation per hour worked) has lagged behind labour productivity growth in recent years. It examines whether the result is sensitive to differences in the definition of real wages.Release date: 2022-10-27
- 4. Experimental Measures of Output and Productivity in the Canadian Hospital Sector, 2002 to 2010 ArchivedArticles and reports: 15-206-X2014034Description:
Recent discussions about health care spending have focused on two issues: 1) the extent to which the increase in heath care spending is due to an increase in the quantity as opposed to the price of health care services, and 2) the efficiency and productivity of health care providers (e.g., hospital sectors, office of physicians, and long-term care).
The key to addressing both issues is a direct output measure of health care services—a measure that does not currently exist. In the National Accounts, output of the health care sector is measured by the volume of inputs, which includes labour costs for physicians, nurses and administrative staff, consumption of capital, and intermediate inputs. An input-based output measure assumes that there are no productivity gains in the health care sector. As a result, it does not provide a measure of productivity performance, nor does it allow a decomposition of total health care expenditures into price and output quantity components.
The main objective of this paper is to develop an experimental direct output measure for the Canadian hospital sector that can be used to address those issues. A large number of countries have already constructed a direct output measure of the hospital sector and other healthcare sectors.
Release date: 2014-04-23 - 5. Estimating TFP in the Presence of Outliers and Leverage Points: An Examination of the KLEMS Dataset ArchivedArticles and reports: 11F0027M2007047Geography: CanadaDescription: This paper examines the effect of aberrant observations in the Capital, Labour, Energy, Materials and Services (KLEMS) database and a method for dealing with them. The level of disaggregation, data construction and economic shocks all potentially lead to aberrant observations that can influence estimates and inference if care is not exercised. Commonly applied pre-tests, such as the augmented Dickey-Fuller and the Kwaitkowski, Phillips, Schmidt and Shin tests, need to be used with caution in this environment because they are sensitive to unusual data points. Moreover, widely known methods for generating statistical estimates, such as Ordinary Least Squares, may not work well when confronted with aberrant observations. To address this, a robust method for estimating statistical relationships is illustrated.Release date: 2007-12-05
- Articles and reports: 11F0027M2007048Geography: CanadaDescription: Evaluations of an economy's economic performance are often made using a measure of real gross domestic product (GDP) per capita, which represents the average remuneration (labour income plus capital services) that an economy generates through domestic production.
Because real GDP is a constant dollar measure of the remuneration to capital and labour in an economy, it does not account for who owns the capital, how much of it is used up through production or how relative price shifts affect the volume of goods and services that can be purchased.
Modifications can be made to traditional estimates of GDP to account for these factors. This paper examines the performance of the Canadian economy using alternate measures' gross domestic income, gross national income and net national income. The paper also examines the relative performance of the Canadian and U.S. economies using standard GDP measures and these alternate measures.
The comparison spans the period from 1980 to 2006, but focuses on the 2002-to-2006 period. During these latter years, changes in commodity prices, manufactured goods prices, the exchange rate, international investment income and capital consumption have all contributed importantly to real income growth in Canada.
As a result, a very different picture of relative performance of the Canadian and U.S. economies emerges when an aggregate income measure is used that accounts for relative price changes, international income flows and capital consumption than when real GDP is used. From 2002 to 2006, U.S. real GDP per capita grew 9.3% while Canadian GDP per capita rose 7.0%, making it appear that the U.S. economy was outperforming the Canadian economy. However, once changes in resource prices and the exchange rate, international investment income and capital consumption are taken into account, real income per capita in the United States increased by 8.6%, which is similar to its GDP per capita growth. However, the Canadian adjusted measure of real income per capita growth rose 15.6%, more than twice the per capita real GDP growth in Canada and nearly double the U.S. rate.
In contrast, the difference between the two economies was exactly the opposite in the period from 1980 to 2000 when commodity prices were falling, when the exchange rate was not appreciating and when outward flows of income to foreigners were increasing relative to the income paid to Canadians. During this period, when consideration is given to these factors, real income measures in Canada were falling relative to those in the United States.
Release date: 2007-11-22 - 7. An Analysis of Consumer Prices in 2005 ArchivedArticles and reports: 11-621-M2006042Geography: Canada, Province or territoryDescription:
This survey analyzes the highlights of consumer prices in 2005 focusing on the various components of the Consumer Price Index such as energy, services and durable goods, This study also looks at the provincial dimension and compares Canadian prices to other countries.
Release date: 2006-05-17 - 8. Zero tillage: A greener way for Canadian farms ArchivedArticles and reports: 21-004-X20050068759Geography: CanadaDescription:
Zero tillage is a relatively recent innovation on Canadadian farms however, it may not always be suitable for all crop and soil conditions. Zero till practices matched appropriately to crop and field conditions have the potential to reduce agriculture's impacts on the environment and lower energy and labour costs. The main sources of data are from Statistics Canada's 2001 Farm Environmental Management Survey (FEMS) and the 2001 Census of Agriculture.
Release date: 2005-11-21 - 9. Benefits of the job ArchivedArticles and reports: 75-001-X200310513091Geography: CanadaDescription:
This paper looks at benefits offered to employees and how they are correlated with other indicators of 'good' jobs. Some of the benefits examined are employer-sponsored insurance and extended medical and plans.
Release date: 2003-06-18 - 10. The Canadian telecommunications industry: Market shares and performance - Facts and figures ArchivedArticles and reports: 56-203-X19980005636Description:
This paper focuses on analysing market shares of supplier and size group. It is a follow-up to the initial telecommunications market analysis presented in the 1997 edition of Telecommunications in Canada (Cat. No. 56-203).
Release date: 2001-04-17
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Analysis (15)
Analysis (15) (0 to 10 of 15 results)
- Articles and reports: 36-28-0001202500400004Description: The unit labour cost (ULC) is often used as a broad measure of international price competitiveness. It deviates from the inflation rate when the real wage rate and labour productivity grow at different paces. Since the COVID-19 pandemic, Canada has experienced an acceleration of unit labour cost growth and a significant upward deviation from the inflation rate, while this has not happened in the United States. This article explores the sources of the Canada–U.S. ULC growth gap and the factors contributing to its widening.Release date: 2025-04-23
- Articles and reports: 36-28-0001202300600005Description: The recent period of high inflation has prompted a number of studies examining its causes and consequences. Of particular interest if whether “greedflation”, the situation where businesses are taking the opportunity in a high inflationary environment to increase their prices above their underlying costs of production in order to garner higher profits. This article sheds light on this by investigating how labour costs (primarily wages and salaries), and non-labour costs (primarily returns to capital) are evolving relative to inflation.Release date: 2023-06-28
- Articles and reports: 36-28-0001202201000002Description: Rising wages and prices have characterized 2021 and 2022. Soaring unit labour costs have raised competitiveness concerns. This article examines the relationship between real wages and productivity to see whether real wage growth (growth in real total compensation per hour worked) has lagged behind labour productivity growth in recent years. It examines whether the result is sensitive to differences in the definition of real wages.Release date: 2022-10-27
- 4. Experimental Measures of Output and Productivity in the Canadian Hospital Sector, 2002 to 2010 ArchivedArticles and reports: 15-206-X2014034Description:
Recent discussions about health care spending have focused on two issues: 1) the extent to which the increase in heath care spending is due to an increase in the quantity as opposed to the price of health care services, and 2) the efficiency and productivity of health care providers (e.g., hospital sectors, office of physicians, and long-term care).
The key to addressing both issues is a direct output measure of health care services—a measure that does not currently exist. In the National Accounts, output of the health care sector is measured by the volume of inputs, which includes labour costs for physicians, nurses and administrative staff, consumption of capital, and intermediate inputs. An input-based output measure assumes that there are no productivity gains in the health care sector. As a result, it does not provide a measure of productivity performance, nor does it allow a decomposition of total health care expenditures into price and output quantity components.
The main objective of this paper is to develop an experimental direct output measure for the Canadian hospital sector that can be used to address those issues. A large number of countries have already constructed a direct output measure of the hospital sector and other healthcare sectors.
Release date: 2014-04-23 - 5. Estimating TFP in the Presence of Outliers and Leverage Points: An Examination of the KLEMS Dataset ArchivedArticles and reports: 11F0027M2007047Geography: CanadaDescription: This paper examines the effect of aberrant observations in the Capital, Labour, Energy, Materials and Services (KLEMS) database and a method for dealing with them. The level of disaggregation, data construction and economic shocks all potentially lead to aberrant observations that can influence estimates and inference if care is not exercised. Commonly applied pre-tests, such as the augmented Dickey-Fuller and the Kwaitkowski, Phillips, Schmidt and Shin tests, need to be used with caution in this environment because they are sensitive to unusual data points. Moreover, widely known methods for generating statistical estimates, such as Ordinary Least Squares, may not work well when confronted with aberrant observations. To address this, a robust method for estimating statistical relationships is illustrated.Release date: 2007-12-05
- Articles and reports: 11F0027M2007048Geography: CanadaDescription: Evaluations of an economy's economic performance are often made using a measure of real gross domestic product (GDP) per capita, which represents the average remuneration (labour income plus capital services) that an economy generates through domestic production.
Because real GDP is a constant dollar measure of the remuneration to capital and labour in an economy, it does not account for who owns the capital, how much of it is used up through production or how relative price shifts affect the volume of goods and services that can be purchased.
Modifications can be made to traditional estimates of GDP to account for these factors. This paper examines the performance of the Canadian economy using alternate measures' gross domestic income, gross national income and net national income. The paper also examines the relative performance of the Canadian and U.S. economies using standard GDP measures and these alternate measures.
The comparison spans the period from 1980 to 2006, but focuses on the 2002-to-2006 period. During these latter years, changes in commodity prices, manufactured goods prices, the exchange rate, international investment income and capital consumption have all contributed importantly to real income growth in Canada.
As a result, a very different picture of relative performance of the Canadian and U.S. economies emerges when an aggregate income measure is used that accounts for relative price changes, international income flows and capital consumption than when real GDP is used. From 2002 to 2006, U.S. real GDP per capita grew 9.3% while Canadian GDP per capita rose 7.0%, making it appear that the U.S. economy was outperforming the Canadian economy. However, once changes in resource prices and the exchange rate, international investment income and capital consumption are taken into account, real income per capita in the United States increased by 8.6%, which is similar to its GDP per capita growth. However, the Canadian adjusted measure of real income per capita growth rose 15.6%, more than twice the per capita real GDP growth in Canada and nearly double the U.S. rate.
In contrast, the difference between the two economies was exactly the opposite in the period from 1980 to 2000 when commodity prices were falling, when the exchange rate was not appreciating and when outward flows of income to foreigners were increasing relative to the income paid to Canadians. During this period, when consideration is given to these factors, real income measures in Canada were falling relative to those in the United States.
Release date: 2007-11-22 - 7. An Analysis of Consumer Prices in 2005 ArchivedArticles and reports: 11-621-M2006042Geography: Canada, Province or territoryDescription:
This survey analyzes the highlights of consumer prices in 2005 focusing on the various components of the Consumer Price Index such as energy, services and durable goods, This study also looks at the provincial dimension and compares Canadian prices to other countries.
Release date: 2006-05-17 - 8. Zero tillage: A greener way for Canadian farms ArchivedArticles and reports: 21-004-X20050068759Geography: CanadaDescription:
Zero tillage is a relatively recent innovation on Canadadian farms however, it may not always be suitable for all crop and soil conditions. Zero till practices matched appropriately to crop and field conditions have the potential to reduce agriculture's impacts on the environment and lower energy and labour costs. The main sources of data are from Statistics Canada's 2001 Farm Environmental Management Survey (FEMS) and the 2001 Census of Agriculture.
Release date: 2005-11-21 - 9. Benefits of the job ArchivedArticles and reports: 75-001-X200310513091Geography: CanadaDescription:
This paper looks at benefits offered to employees and how they are correlated with other indicators of 'good' jobs. Some of the benefits examined are employer-sponsored insurance and extended medical and plans.
Release date: 2003-06-18 - 10. The Canadian telecommunications industry: Market shares and performance - Facts and figures ArchivedArticles and reports: 56-203-X19980005636Description:
This paper focuses on analysing market shares of supplier and size group. It is a follow-up to the initial telecommunications market analysis presented in the 1997 edition of Telecommunications in Canada (Cat. No. 56-203).
Release date: 2001-04-17
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