The Impact of the Oil Boom on Canada's Labour Productivity Performance, 2000-2012

Andrew Sharpe () and Bert Waslander

International Productivity Monitor, 2014, vol. 27, 40-63

Abstract: The objective of this article is to evaluate the impact of the oil and gas industry on labour productivity growth in Canada since 2000 through an exploration of the various channels, both direct and indirect, by which the oil and gas sector affects aggregate productivity. The article sheds light on the paradoxical lack of a direct negative contribution of the oil and gas sector to aggregate labour productivity growth despite the very large fall in productivity experienced by the sector. It highlights the divergent productivity growth paths for the oil and gas sectors in Alberta and Newfoundland and Labrador, which drove the aggregate productivity performance of these two provinces. The article also discusses how developments in the oil and gas industry, notably the increase in the price and production of petroleum, have affected productivity growth in other parts of the economy.

Keywords: Canada; Oil Boom; Oil; Natural Gas; Energy Sector; Labour Productivity; Dutch Disease; Alberta; Newfoundland; Labrador; Oil and Gas Industry; Productivity Growth; Productivity (search for similar items in EconPapers)
JEL-codes: D24 J24 N72 N92 O47 O51 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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