A New Data Set of Quarterly Total Factor Productivity in the Canadian Business Sector

Shutao Cao and Sharon Kozicki

Staff Working Papers from Bank of Canada

Abstract: In this paper, a quarterly growth-accounting data set is built for the Canadian business sector with the top-down approach of Diewert and Yu (2012). Inputs and outputs are measured and used to estimate the quarterly total factor productivity (TFP). In addition, the estimates of annual TFP growth by Diewert and Yu (2012) are revised and updated to reflect changes in the new national economic accounts and national balance-sheet accounts. The quarterly series also provide suitable data for studying short-run dynamics. To demonstrate, a simple vector autoregressive model is estimated to study the responses of hours worked and investment to TFP shocks. Hours worked drop and investment rises in reaction to a positive TFP shock.

Keywords: Productivity (search for similar items in EconPapers)
JEL-codes: D24 F43 O47 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2015
New Economics Papers: this item is included in nep-acc, nep-eff and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.bankofcanada.ca/wp-content/uploads/2015/02/wp2015-6.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bca:bocawp:15-6

Access Statistics for this paper

More papers in Staff Working Papers from Bank of Canada 234 Wellington Street, Ottawa, Ontario, K1A 0G9, Canada. Contact information at EDIRC.
Bibliographic data for series maintained by ().