Potential output in Canada: 2024 assessment

Dany Brouillette and Tessa Devakos

No 2024-12, Staff Analytical Notes from Bank of Canada

Abstract: We propose a tool that decomposes TFP growth into sectoral contributions. The analysis incorporates three structural factors—digitalization, aging and climate change policies—and measures their contributions. Overall, we expect that aggregate TFP growth will slow down in the 2020s below both its historical average and the average from the 2010s.

Keywords: Climate change; Digitalization; Labour markets; Productivity (search for similar items in EconPapers)
JEL-codes: D24 J11 O33 Q54 (search for similar items in EconPapers)
Date: 2024-05
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Working Paper: Potential output in Canada: 2024 assessment (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:24-12

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