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- Journals and periodicals: 11-626-XGeography: CanadaDescription: Articles in the Economic Insights series highlight issues related to the growth and development of Canada's economy. In some cases, these articles highlight new insights or synthesize the results of previous research carried out by Statistics Canada; in others, they provide contextual information that accompanies the release of new data or updates from previous papers. The Economic Insights series features concise examinations of economic events, research results, trends, and important structural changes in the economy.Release date: 2020-11-02
- 2. Productivity Growth and Capacity Utilization ArchivedArticles and reports: 11F0027M2013085Geography: CanadaDescription:
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 - 3. Is Canada Losing Its Status As a Debtor Nation? ArchivedArticles and reports: 11-626-X2012005Geography: CanadaDescription:
This Economic Insights article reports on long-run changes in the value of Canada's external financial assets and liabilities. It summarizes results from the research paper, Canada's International Investment Position: Recent Trends and Implications for Aggregate Measures of Income and Wealth, and is part of an ongoing research program at Statistics Canada that investigates the international dimensions of the Canadian economy.
Release date: 2012-02-29 - 4. Measurement of Real Income in the System of National Accounts: An Application to North American Economies ArchivedArticles and reports: 11F0027M2011068Geography: CanadaDescription:
This paper makes use of both output and income statistics derived from the System of National Accounts to examine performance in the three North American countries. In doing so, the paper follows recommendations contained in the System of National Accounts 1993 (SNA 1993) for calculating aggregate real income statistics such as gross national income (GNI) and gross national disposable income (GNDI) rather than aggregate real gross domestic product (GDP), in order to demonstrate the utility of alternate measures for analyzing aggregate economic performance and the standard of living. To move from estimates of GDP to estimates of GNI and GNDI, adjustments are made for changes in relative prices, referred to as a "trading gain" (the combined effect of changes to the terms of trade and changes in the ratio of traded goods prices to non-traded goods prices), and for current account entries other than the trade balance.
The paper compares real output and income measures for Mexico, the United States, and Canada. Differences between the GDP and GNDI estimates illustrate the extent to which non-production factors, such as relative price changes, can influence the economic performance of a nation, either as compared to that of other nations or in terms of a nation's ability to purchase the goods and services its citizens consume. They also illustrate the benefit of using more than one measure when comparing economic performance across countries.
Release date: 2011-07-11 - Articles and reports: 11F0019M2002164Geography: CanadaDescription:
This paper reports the results of an empirical analysis of the early career outcomes of recent Canadian Bachelor's level graduates by discipline based on three waves of the National Graduates Surveys, which comprise large, representative databases of individuals who successfully completed their programmes at Canadian universities in 1982, 1986, and 1990, with information gathered during interviews conducted two and five years after graduation for each group of graduates (1984/87, 1988/92, 1990/95).
The outcomes analysed, all broken down by sex and discipline, include: the distribution of graduates by field and the percentage of female graduates; the percentage of graduates who subsequently completed another educational programme; the overall evaluation of the choice of major (would they choose it again?); unemployment rates, the percentage of workers in part-time jobs, in temporary jobs, self-employed; the job-education skill and credentials matches; earnings levels and rates of growth; and job satisfaction (earnings, overall).
Many of the outcomes conform to expectations, typically reflecting the different orientations of the various disciplines with respect to direct career preparedness, with the professions and other applied disciplines generally characterised by lower unemployment rates, closer skill and qualification matches, higher earnings, and so on. On the other hand, while the "applied" fields also tend to perform well in terms of the "softer", more subjective measures regarding job satisfaction and the overall evaluation of the chosen programme (would the graduate choose the same major again?), the findings also indicate that graduates' assessments of their post-graduation experiences and overall evaluations of the programmes from which they graduated are based on more than simply adding up standard measures of labour market "success", with the job satisfaction scores and - perhaps most interestingly - the overall programme evaluations often departing from what the objective measures (unemployment rates, earnings levels, etc.) might have predicted. Some implications of the findings are discussed and avenues for future research are suggested.
Release date: 2002-03-21
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- Journals and periodicals: 11-626-XGeography: CanadaDescription: Articles in the Economic Insights series highlight issues related to the growth and development of Canada's economy. In some cases, these articles highlight new insights or synthesize the results of previous research carried out by Statistics Canada; in others, they provide contextual information that accompanies the release of new data or updates from previous papers. The Economic Insights series features concise examinations of economic events, research results, trends, and important structural changes in the economy.Release date: 2020-11-02
- 2. Productivity Growth and Capacity Utilization ArchivedArticles and reports: 11F0027M2013085Geography: CanadaDescription:
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 - 3. Is Canada Losing Its Status As a Debtor Nation? ArchivedArticles and reports: 11-626-X2012005Geography: CanadaDescription:
This Economic Insights article reports on long-run changes in the value of Canada's external financial assets and liabilities. It summarizes results from the research paper, Canada's International Investment Position: Recent Trends and Implications for Aggregate Measures of Income and Wealth, and is part of an ongoing research program at Statistics Canada that investigates the international dimensions of the Canadian economy.
Release date: 2012-02-29 - 4. Measurement of Real Income in the System of National Accounts: An Application to North American Economies ArchivedArticles and reports: 11F0027M2011068Geography: CanadaDescription:
This paper makes use of both output and income statistics derived from the System of National Accounts to examine performance in the three North American countries. In doing so, the paper follows recommendations contained in the System of National Accounts 1993 (SNA 1993) for calculating aggregate real income statistics such as gross national income (GNI) and gross national disposable income (GNDI) rather than aggregate real gross domestic product (GDP), in order to demonstrate the utility of alternate measures for analyzing aggregate economic performance and the standard of living. To move from estimates of GDP to estimates of GNI and GNDI, adjustments are made for changes in relative prices, referred to as a "trading gain" (the combined effect of changes to the terms of trade and changes in the ratio of traded goods prices to non-traded goods prices), and for current account entries other than the trade balance.
The paper compares real output and income measures for Mexico, the United States, and Canada. Differences between the GDP and GNDI estimates illustrate the extent to which non-production factors, such as relative price changes, can influence the economic performance of a nation, either as compared to that of other nations or in terms of a nation's ability to purchase the goods and services its citizens consume. They also illustrate the benefit of using more than one measure when comparing economic performance across countries.
Release date: 2011-07-11 - Articles and reports: 11F0019M2002164Geography: CanadaDescription:
This paper reports the results of an empirical analysis of the early career outcomes of recent Canadian Bachelor's level graduates by discipline based on three waves of the National Graduates Surveys, which comprise large, representative databases of individuals who successfully completed their programmes at Canadian universities in 1982, 1986, and 1990, with information gathered during interviews conducted two and five years after graduation for each group of graduates (1984/87, 1988/92, 1990/95).
The outcomes analysed, all broken down by sex and discipline, include: the distribution of graduates by field and the percentage of female graduates; the percentage of graduates who subsequently completed another educational programme; the overall evaluation of the choice of major (would they choose it again?); unemployment rates, the percentage of workers in part-time jobs, in temporary jobs, self-employed; the job-education skill and credentials matches; earnings levels and rates of growth; and job satisfaction (earnings, overall).
Many of the outcomes conform to expectations, typically reflecting the different orientations of the various disciplines with respect to direct career preparedness, with the professions and other applied disciplines generally characterised by lower unemployment rates, closer skill and qualification matches, higher earnings, and so on. On the other hand, while the "applied" fields also tend to perform well in terms of the "softer", more subjective measures regarding job satisfaction and the overall evaluation of the chosen programme (would the graduate choose the same major again?), the findings also indicate that graduates' assessments of their post-graduation experiences and overall evaluations of the programmes from which they graduated are based on more than simply adding up standard measures of labour market "success", with the job satisfaction scores and - perhaps most interestingly - the overall programme evaluations often departing from what the objective measures (unemployment rates, earnings levels, etc.) might have predicted. Some implications of the findings are discussed and avenues for future research are suggested.
Release date: 2002-03-21
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