Aspects of economic restructuring in Canada, 1989-1994
AbstractThe way in which Canadian firms produce goods and services has changed dramatically during the 1990s. A major feature of this restructuring has been a shift towards greater use of capital goods, particularly computer-based technology, relative to labour in production processes. The author examines this phenomenon from a macroeconomic perspective, identifying the principal factors behind the trends in investment and employment since the late 1980s. The analysis focusses on the relative costs of capital and labour over the period and on their implications for output and employment.
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Bibliographic InfoArticle provided by Bank of Canada in its journal Bank of Canada Review.
Volume (Year): 1995 (1995)
Issue (Month): Summer ()
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Find related papers by JEL classification:
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
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- Hornstein, Andreas & Yuan, Mingwei, 1998.
"Can a Matching Model Explain the Long-Run Increase in Canada's Unemployment Rate?,"
98-19, Bank of Canada.
- Andreas Hornstein & Mingwei Yuan, 1999. "Can a Matching Model Explain the Long-Run Increase in Canada's Unemployment Rate?," Canadian Journal of Economics, Canadian Economics Association, vol. 32(4), pages 878-905, August.
- Andreas Hornstein & Mingwei Yuan, 1998. "Can a matching model explain the long-run increase in Canada's unemployment rate?," Working Paper 98-02, Federal Reserve Bank of Richmond.
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