Staff research

• International Capital Mobility and Asset Substitutability: Some Theory and Evidence on Recent Structural Changes

  Technical Report No. 44 Francesco Caramazza, Kevin Clinton, Agathe Côté, David Longworth

  This study examines different aspects of the international integration of capital markets. In particular, it attempts to determine whether the changes in controls and regulatory policies that have occurred in the past decade have been associated with a greater degree of market integration.

  Content Type(s): Staff research, Technical reports Topic(s): Balance of payments and components, Financial markets JEL Code(s): F, F2, F20, G, G1, G11, G15

• The Slowdown in Productivity Growth in the 1975-83 Period: A Survey of Possible Explanations

  Technical Report No. 43 Gerald Stuber

  The growth rates of both aggregate factor and labour productivity in Canada fell substantially during the period 1975-83. This paper examines this phenomenon and reviews a number of possible explanations for it. First, the productivity growth slowdown is examined at various levels of industry disaggregation. It is apparent from this analysis that the slowdown varied […]

  Content Type(s): Staff research, Technical reports Topic(s): Productivity JEL Code(s): D, D2, D24