Productivity
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January 31, 2019
Making cents of wages
Ever wonder how your wages are determined? You’re not the only one who cares about your wages. At the Bank of Canada, we care about them a lot too. -
January 31, 2019
A Look Under the Hood of Canada’s Job Market
Senior Deputy Governor Carolyn A. Wilkins discusses developments in the Canadian labour market and factors that may help explain why wage growth is slower than expected. -
The Productivity Slowdown in Canada: An ICT Phenomenon?
We ask whether a weaker contribution of information and communication technologies (ICT) to productivity growth could account for the productivity slowdown observed in Canada since the early 2000s. To answer this question, we consider several methods capturing channels through which ICT could affect aggregate productivity growth. -
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September 27, 2018
Technological Disruption and Opportunity
Governor Poloz talks about how new digital technologies create opportunities in the economy and affect how the Bank conducts monetary policy. -
Financial Development Beyond the Formal Financial Market
This paper studies the effects of financial development, taking into account both formal and informal financing. Using cross-country firm-level data, we document that informal financing is utilized more by rich countries than poor countries. -
Characterizing Canada’s Export Sector by Industry: A Supply-Side Perspective
This note examines supply-side trends in Canadian non-energy industries and their implications for export performance. Between 2002 and 2016, capital stocks and total labour input declined in many industries that export non-energy goods. These soft trends in the factors of production have likely contributed to the decline in non-energy exports in about half of the goods industries analyzed in this note. -
August 25, 2018
The Fourth Industrial Revolution and Central Banking
Governor Poloz talks about the economic benefits expected from disruptive digital technologies and the implications for monetary policy. -
Does Outward Foreign Investment Matter for Canadian Productivity? Evidence from Greenfield Investments
This paper seeks to understand how outward foreign direct investment (FDI) affects the productivity of Canadian firms. We estimate the impact of outward greenfield investment on measures of firm-level productivity using FDI data from roughly 2,000 Canadian firms and more than 4,000 outward FDI projects over the 2003–14 period.