The Canadian productivity stagnation, 2002–2014

摘要: Total Factor Productivity (TFP) growth in Canada between 2002 and 2014 has been only 0.16% per year. Although many developed countries have experienced a productivity slowdown since the beginning of century, this figure is still substantially smaller than that U.S. We perform multiple counterfactual exercises to show difference TFP cannot be accounted for by several compositional effects and/or mismeasurements factors production. identify two key sectors (Mining Manufacturing) drive all with Despite lack growth, sustained income due prolonged period appreciation terms trade (while deteriorated), making real grow at similar rates.