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All (9) ((9 results))

  • Articles and reports: 36-28-0001202200800003
    Description:

    Child care in Canada is essential for supporting paid employment for parents, particularly women who do the majority of child care work. This paper examines the characteristics and evolution of the population of small home daycares and their operators that are ubiquitous throughout Canada. It fills an information gap in the current understanding of the child care market in Canada by providing information about the entrepreneurs that run home child cares, their families and their incomes.

    Release date: 2022-08-24

  • Articles and reports: 36-28-0001202101200003
    Description:

    This article reports experimental estimates for the impact of flooding in B.C. on local economies. The paper uses a firm level dataset to geographically determine firm locations that are likely to have been affected by flooding due to heavy rains during November 13th to November 15th 2021.

    Release date: 2022-01-18

  • Articles and reports: 36-28-0001202100800006
    Description:

    Childcare supports labour force participation for parents, and can support language, early learning, and the social development of children before they enter the school system. However, there has been little consistent, comparable information on early learning and childcare businesses across the provinces and territories. This paper examines the business and economic characteristics of childcare in Canada, which is provided by firms through markets, and early learning services funded by governments through junior kindergarten and kindergarten. The paper uses administrative datasets to identify firms providing childcare services in Canada for children up to and including the age of 5 for the period from 2008 to 2016. The childcare firms are then used as a basis to examine the revenue and Gross domestic product of the childcare industry based on the type of firm (incorporated vs. unincorporated) generating the income.

    Release date: 2021-08-25

  • Articles and reports: 11-633-X2020003
    Description:

    Timely measures of economic activity are critical for understanding how economies perform, and for informing policy responses to macroeconomic fluctuations. The onset of the pandemic due to the emergence of the SARS-Cov-2 virus emphasized this, as well as the need for geography-specific measures. Presently, Canada has a robust system for producing up-to-date measures of activity, such as real gross domestic product (GDP), at the national level. For provincial and territorial economies, monthly information on labour markets or particular activities such as manufacturing or international trade are available, but a monthly measure of aggregate economic activity is not available. This paper explores methods for creating a monthly indicator of economic activity for the provinces and territories.

    Release date: 2020-08-19

  • Articles and reports: 11-626-X2020014
    Geography: Canada, Geographical region of Canada
    Description:

    This article in the Economic Insights series presents monthly estimates of the number of business openings and closings, continuing businesses, and active businesses from January 2015 to April 2020. The estimates for businesses with employees are available for Canada, the provinces and territories, and census metropolitan areas. Where possible, industry information based on two-digit North American Industry Classification Systems codes are also presented. A business closing is defined as a firm that had employment in the previous month, but no employment in the current month.

    Release date: 2020-08-05

  • Articles and reports: 11F0019M2020005
    Description:

    Understanding intangible investments is essential for providing accurate measures of gross fixed capital formation (GFCF), gross domestic product (GDP) and productivity growth, and for understanding the innovation system. Statistical agencies need measures of intangible investment to produce economic statistics on aggregate activity that accurately measure concepts such as GDP, GFCF or savings. The levels of GDP, GFCF and savings will be underestimated to the extent that expenditures are incorrectly classified as intermediate inputs that are fully consumed during the period being measured—and not as investments that are not fully consumed during the period when the expenditures are incurred. Estimates for GDP and productivity growth rates may be similarly underestimated. This paper updates and expands upon the intangible capital estimates presented by Baldwin et al. (2009), who extended already measured intangibles (i.e., research and development [R&D], software, mineral exploration) to include additional asset classes consistent with international research on intangible capital measurement (see Corrado, Hulten and Sichel 2009).

    Release date: 2020-02-12

  • Articles and reports: 11-626-X2014038
    Description:

    This article in the Economic Insights series describes the results of a data linkage project that created experimental long-term estimates of firm entry and exit rates for the Canadian business sector. It is part of a series of papers that examines firm dynamics using micro-economic data.

    Release date: 2014-08-25

  • Articles and reports: 11-622-M2012028
    Geography: Canada
    Description:

    This paper examines the survival characteristics of firms, using microdata from the Longitudinal Employment Analysis Program (LEAP) of Statistics Canada. Entry rates and survival functions for the 2002 cohort are analyzed. The business sector is disaggregated along industry and size dimensions.

    Release date: 2012-11-07

  • 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
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Articles and reports (9)

Articles and reports (9) ((9 results))

  • Articles and reports: 36-28-0001202200800003
    Description:

    Child care in Canada is essential for supporting paid employment for parents, particularly women who do the majority of child care work. This paper examines the characteristics and evolution of the population of small home daycares and their operators that are ubiquitous throughout Canada. It fills an information gap in the current understanding of the child care market in Canada by providing information about the entrepreneurs that run home child cares, their families and their incomes.

    Release date: 2022-08-24

  • Articles and reports: 36-28-0001202101200003
    Description:

    This article reports experimental estimates for the impact of flooding in B.C. on local economies. The paper uses a firm level dataset to geographically determine firm locations that are likely to have been affected by flooding due to heavy rains during November 13th to November 15th 2021.

    Release date: 2022-01-18

  • Articles and reports: 36-28-0001202100800006
    Description:

    Childcare supports labour force participation for parents, and can support language, early learning, and the social development of children before they enter the school system. However, there has been little consistent, comparable information on early learning and childcare businesses across the provinces and territories. This paper examines the business and economic characteristics of childcare in Canada, which is provided by firms through markets, and early learning services funded by governments through junior kindergarten and kindergarten. The paper uses administrative datasets to identify firms providing childcare services in Canada for children up to and including the age of 5 for the period from 2008 to 2016. The childcare firms are then used as a basis to examine the revenue and Gross domestic product of the childcare industry based on the type of firm (incorporated vs. unincorporated) generating the income.

    Release date: 2021-08-25

  • Articles and reports: 11-633-X2020003
    Description:

    Timely measures of economic activity are critical for understanding how economies perform, and for informing policy responses to macroeconomic fluctuations. The onset of the pandemic due to the emergence of the SARS-Cov-2 virus emphasized this, as well as the need for geography-specific measures. Presently, Canada has a robust system for producing up-to-date measures of activity, such as real gross domestic product (GDP), at the national level. For provincial and territorial economies, monthly information on labour markets or particular activities such as manufacturing or international trade are available, but a monthly measure of aggregate economic activity is not available. This paper explores methods for creating a monthly indicator of economic activity for the provinces and territories.

    Release date: 2020-08-19

  • Articles and reports: 11-626-X2020014
    Geography: Canada, Geographical region of Canada
    Description:

    This article in the Economic Insights series presents monthly estimates of the number of business openings and closings, continuing businesses, and active businesses from January 2015 to April 2020. The estimates for businesses with employees are available for Canada, the provinces and territories, and census metropolitan areas. Where possible, industry information based on two-digit North American Industry Classification Systems codes are also presented. A business closing is defined as a firm that had employment in the previous month, but no employment in the current month.

    Release date: 2020-08-05

  • Articles and reports: 11F0019M2020005
    Description:

    Understanding intangible investments is essential for providing accurate measures of gross fixed capital formation (GFCF), gross domestic product (GDP) and productivity growth, and for understanding the innovation system. Statistical agencies need measures of intangible investment to produce economic statistics on aggregate activity that accurately measure concepts such as GDP, GFCF or savings. The levels of GDP, GFCF and savings will be underestimated to the extent that expenditures are incorrectly classified as intermediate inputs that are fully consumed during the period being measured—and not as investments that are not fully consumed during the period when the expenditures are incurred. Estimates for GDP and productivity growth rates may be similarly underestimated. This paper updates and expands upon the intangible capital estimates presented by Baldwin et al. (2009), who extended already measured intangibles (i.e., research and development [R&D], software, mineral exploration) to include additional asset classes consistent with international research on intangible capital measurement (see Corrado, Hulten and Sichel 2009).

    Release date: 2020-02-12

  • Articles and reports: 11-626-X2014038
    Description:

    This article in the Economic Insights series describes the results of a data linkage project that created experimental long-term estimates of firm entry and exit rates for the Canadian business sector. It is part of a series of papers that examines firm dynamics using micro-economic data.

    Release date: 2014-08-25

  • Articles and reports: 11-622-M2012028
    Geography: Canada
    Description:

    This paper examines the survival characteristics of firms, using microdata from the Longitudinal Employment Analysis Program (LEAP) of Statistics Canada. Entry rates and survival functions for the 2002 cohort are analyzed. The business sector is disaggregated along industry and size dimensions.

    Release date: 2012-11-07

  • 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
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