Capital-embodied Technical Change and the Productivity Growth Slowdown in Canada PDF Download

Author: Surendra Gera
Publisher: Industrie Canada
ISBN:
Category : Business & Economics
Languages : en
Pages : 112

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Author: Charles R. Hulten
Publisher: University of Chicago Press
ISBN: 0226360644
Category : Medical
Languages : en
Pages : 648

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Book Description
The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.

Author: Ben Bernanke
Publisher: MIT Press (MA)
ISBN: 9780262024143
Category : Business & Economics
Languages : en
Pages : 407

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Book Description
This is the 11th volume in a series of annuals from the National Bureau of Economic Research that are designed to present, extend and apply work in macroeconomics, and to encourage and stimulate work by macroeconomists on policy issues. These contributions offer a sample of the issues and research directions in macroeconomics.

Author: Alistair Dieppe
Publisher: World Bank Publications
ISBN: 1464816093
Category : Business & Economics
Languages : en
Pages : 552

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Book Description
The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

Author:
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 76

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Author: Engelbert Stockhammer
Publisher: Springer
ISBN: 1137357932
Category : Business & Economics
Languages : en
Pages : 329

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Book Description
This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

Author: Canada. Industry Canada
Publisher: Calgary : University of Calgary Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 916

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Book Description
A 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.

Author: Ms.Valerie Cerra
Publisher: International Monetary Fund
ISBN: 1513536990
Category : Business & Economics
Languages : en
Pages : 50

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Book Description
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.

Author: OECD
Publisher: OECD Publishing
ISBN: 9264044612
Category :
Languages : en
Pages : 556

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Book Description
Presents the proceedings of two workshops on productivity measurement and analysis, which brought together representatives of statistical offices, central banks and other officials involved with the analysis and measurement of productivity at aggregate and industry levels.

Author: D. Peter Dungan
Publisher: Industrie Canada
ISBN:
Category : Business & Economics
Languages : en
Pages : 392

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Book Description
This study uses Input-Output analysis to examine the industry and skill mix of Canadian exports and imports as they stood in 1997 and how this mix has changed over the past three decades. Section 2 of the report describes the data and calculation methods used. Section 3 contains a literature review. Section 4 examines how the place of exports has changed in the Canadian economy since 1961, and how the industrial output and employment mix of exports has altered over that time. Changes in the employment mix are decomposed into four main sub-components. Then, adding industry skill-mix data, it discusses the education/skill mix of Canadian exports in recent years and determines what changes may have occurred in this mix over time. Section 5 repeats the analysis in Section 4, but for imports. Section 6 reports the conclusions and main findings. Several appendices present details of the calculations, sensitivity tests and more detailed industrial results.