1-October-2011
English
Innovation and Growth with Financial, and Other, Frictions
Staff Working Paper 2011-25- Bank of Canada The generation and implementation of ideas, or knowledge, is crucial for economic performance. This process is studied in a model of endogenous growth with frictions.
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1-January-2011
English
Building New Plants or Entering by Acquisition? Estimation of an Entry Model for the U.S. Cement Industry
In the U.S. cement industry, the comparative advantage (e.g., TFP or size) of entrants versus incumbents and regulatory entry barriers are important factors that determine the means of expansion. Using a rich database of the U.S. Census of Manufactures (1963-2002), an entry game is proposed to model this decision and estimate the supply and demand primitives to determine the importance of these factors.
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1-November-2010
English
Stability versus Flexibility: The Role of Temporary Employment in Labour Adjustment
Staff Working Paper 2010-27- Bank of Canada This paper evaluates the importance of temporary workers in job reallocation in a multi-sector model with costly labour adjustment and temporary workers.
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1-October-2010
English
The Effect of Exchange Rate Movements on Heterogeneous Plants: A Quantile Regression Analysis
In this paper, the authors examine how the effect of movements in the real exchange rate on manufacturing plants depends on the plant's placement within the productivity distribution.
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26-July-2010
English
Exchange Rate Fluctuations, Plant Turnover and Productivity
Staff Working Paper 2010-18 - Bank of Canada This paper develops a dynamic structural model that captures the effect of plantlevel productivity and real exchange rate fluctuations on plant entry and exit decisions in the Canadian agricultural implements industry, and how this, in turn, affects aggregate productivity
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1-May-2010
English
Relative Price Movements and Labour Productivity in Canada: A VAR Analysis
Staff Discussion Paper 2010-5 - Bank of Canada Using vector autoregressive techniques, the authors examine how an appreciation in commodity prices and the subsequent reallocation of resources across sectors will affect hours worked and output growth and, ultimately, aggregate and sectoral labour productivity growth in Canada.
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26-January-2010
English
Labour Reallocation, Relative Prices and Productivity
Staff Working Paper 2010-2 - Bank of Canada This paper documents the rate at which labour flows between industries and between firms within industries using the most recent data available
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1-August-2009
English
Productivity, the Terms of Trade, and the Real Exchange Rate: The Balassa-Samuelson Hypothesis Revisited
Staff Working Paper 2009-22 -Bank of Canada The paper examines how the Balassa-Samuelson hypothesis is affected by a modern variation of the standard model that allows product differentiation (within the traded and nontraded goods sectors) with the number of firms determined exogenously or endogenously.
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1-June-2009
English
The Changing Pace of Labour Reallocation in Canada: Causes and Consequences
Bank of Canada This paper discusses the factors that may cause changes in the amount of reallocation across sectors and fi rms, and assesses the role of fluctuations in commodity prices and the exchange rate in accounting for changes in the pace of labour reallocation in Canada.
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1-November-2008
English
Firm Size and Productivity
Staff Working Paper 2008-45 - Bank of Canada This paper examines the relationship between firm size and productivity. In contrast to previous studies, this paper offers evidence of the relationship not only from manufacturing firms, but from non-manufacturing firms as well.