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http://hdl.handle.net/10419/53890
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| Title: | | What affects MFP in the long-run? Evidence from Canadian industries  |
| Authors: | | Leung, Danny Zheng, Yi |
| Issue Date: | | 2008 |
| Series/Report no.: | | Bank of Canada Working Paper 2008,4 |
| Abstract: | | In this paper we explore variables that may have an impact on multifactor productivity (MFP) in the long-run using the KLEMS database for Canada. We estimate a dynamic heterogeneous panel error-correction model of twelve 2-digit level industries. Variables investigated include ICT capital, outsourcing, competition, trade openness, public infrastructure, and R&D. Results suggest that over the 1976 - 2003 period ICT capital services, outsourcing and trade all had a positive impact on the level of industry MFP. The speed of adjustment varies significantly by industry. |
| Subjects: | | Productivity |
| JEL: | | C23 D24 O30 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Bank of Canada Working Papers
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