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http://hdl.handle.net/10419/53890
  
Title:What affects MFP in the long-run? Evidence from Canadian industries PDF Logo
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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