Productivity Growth and the Phillips Curve in Canada
Author: Joseph W. Gruber
Publisher:
Published: 2003
Total Pages: 30
ISBN-13:
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Author: Joseph W. Gruber
Publisher:
Published: 2003
Total Pages: 30
ISBN-13:
DOWNLOAD EBOOKAuthor: Robert James Gordon
Publisher: Cambridge University Press
Published: 2004
Total Pages: 520
ISBN-13: 9780521531429
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Author: Marika Karanassou
Publisher:
Published: 2009
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Laurence M. Ball
Publisher:
Published: 2001
Total Pages: 50
ISBN-13:
DOWNLOAD EBOOKWe present a model in which workers' aspirations for wage increases adjust slowly to shifts in productivity growth. The model yields a Phillips curve with a new variable: the gap between productivity growth and an average of past wage growth. Empirically, this variable shows up strongly in the U.S. Phillips curve. Including it explains the otherwise puzzling shift in the unemployment-inflation tradeoff since 1995
Author: Ernie Stokes
Publisher:
Published: 1983
Total Pages: 28
ISBN-13:
DOWNLOAD EBOOKAuthor: Carlos Balseyro Rodriguez
Publisher:
Published: 2001
Total Pages: 50
ISBN-13:
DOWNLOAD EBOOKAuthor: Marcelo M. Estevão
Publisher:
Published: 2010
Total Pages: 30
ISBN-13:
DOWNLOAD EBOOKThis study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple accounting framework to decompose trend GDP growth into changes in capital, labor services and total factor productivity, we find a sizable drop in Canadian potential growth in the short term. The estimated decline of about 1 percentage point originates from a sharply decelerating capital stock accumulation (as investment has dropped steeply) and a rising long-term unemployment rate (which would raise equilibrium unemployment rates). However, over the medium term, we expect Canada's potential GDP growth to gradually rise to around 2 percent, below the pre-crisis growth rate, mostly reflecting the effects of population aging and a secular decline in average working hours.
Author: Serge Coulombe
Publisher:
Published: 2000
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOKAuthor: Richard G. Harris
Publisher: Canadian Museum of Civilization/Musee Canadien Des Civilisations
Published: 1999
Total Pages: 106
ISBN-13:
DOWNLOAD EBOOKThis paper looks at the future for productivity growth in Canada. Chapter 2 discusses theory and measurement issues. Two themes are covered: the link between productivity and living standards; the relationship between theory and measurement in light of the widespread use of the concept of multifactor productivity. Chapter 3 discusses the empirical literature on the determinants or drivers of productivity growth including investment, education and training, innovation, diffusion, and the broader context in which productivity growth is set. Chapter 4 deals with the prospects for future productivity growth in Canada. Chapter 5 concludes with a discussion of how traditional economic policies should account for potential productivity effects.
Author: Canada. Industry Canada
Publisher: Calgary : University of Calgary Press
Published: 2002
Total Pages: 916
ISBN-13:
DOWNLOAD EBOOKA collection of research papers that explains Canada's relatively weak productivity record over the last few decades and the nature of productivity growth in Canada. The book covers a wide range of topics, including productivity trends and determinants, innovation, investment, global linkages, productivity in the new economy, and the social aspects of productivity. Includes in-depth and detailed papers by experts in Canadian economics, policy, trade etc.