Canada’s Potential Productivity and Output Growth: A Post-Crisis Assessment
| Autor: | Marcello Estevão, Evridiki Tsounta |
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| Jazyk: | angličtina |
| Rok vydání: | 2010 |
| Předmět: | |
| Zdroj: | International Productivity Monitor, Iss 20, Pp 3-21 (2010) |
| Druh dokumentu: | article |
| ISSN: | 1492-9759 1492-9767 |
| Popis: | This 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, labour services, and total factor productivity, we find a sizeable drop in Canadian potential growth rate 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). However, over the medium term, we expect Canada’s potential GDP growth to gradually rise to around 2 per cent, below the pre-crisis growth rate, partly reflecting the effects of population aging. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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