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What Affects MFP in the Long-Run? Evidence from Canadian Industries

Danny Leung () and Yi Zheng

Staff Working Papers from Bank of Canada

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.

Keywords: Productivity (search for similar items in EconPapers)
JEL-codes: C23 D24 O30 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2008
New Economics Papers: this item is included in nep-com and nep-eff
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Journal Article: What affects MFP in the long-run? Evidence from Canadian industries (2012) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocawp:08-4

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