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- 1. Firm-specific Shocks and Aggregate Fluctuations in the Canadian Manufacturing Sector, 2000 to 2012 ArchivedArticles and reports: 11F0019M2016384Description:
In order to understand what drives aggregate fluctuations, many macroeconomic models point to aggregate shocks and discount the contribution of firm-specific shocks. Recent research from other developed countries, however, has found that aggregate fluctuations are in part driven by shocks to large firms. Using data on Canadian firms from the T2-LEAP database, which links financial statements from firms’ Corporate Income Tax Return with employment data from the Longitudinal Employment Analysis Program, this paper examines the contribution of large firms to industry-level fluctuations in gross output, investment and employment in the manufacturing sector.
Release date: 2016-11-21 - Articles and reports: 11F0027M2009057Geography: CanadaDescription:
This paper examines the challenges that the manufacturing sector has faced over the last half century focusing on both long- and short-term performance. It first examines whether there is evidence that this sector is in long-term decline. The paper also investigates how the industry has responded to specific shocks during this period from exchange-rate movements, trade liberalization and business cycles. It finds little evidence of long-term decline. Rather it describes how manufacturing has adapted to varying challenges, whether from demand shifts due to business cycles, relative price shifts associated with exchange rate shocks or changes in tariff regimes.
Release date: 2009-07-28 - 3. Canada's textile and clothing industries ArchivedArticles and reports: 11-010-X20050037804Geography: CanadaDescription:
A profile of jobs, productivity, output and trade in these industries as they enter a new trade era without import quotas.
Release date: 2005-03-17 - 4. Corporate Financial Leverage in Canadian Manufacturing: Consequences for Employment and Inventories ArchivedArticles and reports: 11F0019M2004217Geography: CanadaDescription:
This paper investigates the link between financial structure and employment growth, and the link between financial structure and inventory growth, among incorporated Canadian manufacturers from 1988 to 1997. It finds that financially vulnerable firms - smaller firms and those with higher leverage - shed nearly 10% more labour than financially healthier firms for a given drop in product demand. The influence was larger during the recession of 1990 to 1992 indicating that higher financial vulnerability, reflected in high leverage, may have worsened during that period. The influence was also greater in sectors that experienced larger cyclical fluctuations. On average, firms with high leverage also tend to cut inventories 5% more when a shock in demand occurs.
Release date: 2004-02-18 - 5. Productivity growth in the Canadian manufacturing sector: A departure from the standard framework ArchivedArticles and reports: 15-204-X19990005498Description:
This chapter measures the effect of modifying the standard productivity growth framework to remove the effects of economies of scale.
Release date: 2001-02-14
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- 1. Firm-specific Shocks and Aggregate Fluctuations in the Canadian Manufacturing Sector, 2000 to 2012 ArchivedArticles and reports: 11F0019M2016384Description:
In order to understand what drives aggregate fluctuations, many macroeconomic models point to aggregate shocks and discount the contribution of firm-specific shocks. Recent research from other developed countries, however, has found that aggregate fluctuations are in part driven by shocks to large firms. Using data on Canadian firms from the T2-LEAP database, which links financial statements from firms’ Corporate Income Tax Return with employment data from the Longitudinal Employment Analysis Program, this paper examines the contribution of large firms to industry-level fluctuations in gross output, investment and employment in the manufacturing sector.
Release date: 2016-11-21 - Articles and reports: 11F0027M2009057Geography: CanadaDescription:
This paper examines the challenges that the manufacturing sector has faced over the last half century focusing on both long- and short-term performance. It first examines whether there is evidence that this sector is in long-term decline. The paper also investigates how the industry has responded to specific shocks during this period from exchange-rate movements, trade liberalization and business cycles. It finds little evidence of long-term decline. Rather it describes how manufacturing has adapted to varying challenges, whether from demand shifts due to business cycles, relative price shifts associated with exchange rate shocks or changes in tariff regimes.
Release date: 2009-07-28 - 3. Canada's textile and clothing industries ArchivedArticles and reports: 11-010-X20050037804Geography: CanadaDescription:
A profile of jobs, productivity, output and trade in these industries as they enter a new trade era without import quotas.
Release date: 2005-03-17 - 4. Corporate Financial Leverage in Canadian Manufacturing: Consequences for Employment and Inventories ArchivedArticles and reports: 11F0019M2004217Geography: CanadaDescription:
This paper investigates the link between financial structure and employment growth, and the link between financial structure and inventory growth, among incorporated Canadian manufacturers from 1988 to 1997. It finds that financially vulnerable firms - smaller firms and those with higher leverage - shed nearly 10% more labour than financially healthier firms for a given drop in product demand. The influence was larger during the recession of 1990 to 1992 indicating that higher financial vulnerability, reflected in high leverage, may have worsened during that period. The influence was also greater in sectors that experienced larger cyclical fluctuations. On average, firms with high leverage also tend to cut inventories 5% more when a shock in demand occurs.
Release date: 2004-02-18 - 5. Productivity growth in the Canadian manufacturing sector: A departure from the standard framework ArchivedArticles and reports: 15-204-X19990005498Description:
This chapter measures the effect of modifying the standard productivity growth framework to remove the effects of economies of scale.
Release date: 2001-02-14
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