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Characterizing Canada’s Export Sector by Industry: A Supply-Side Perspective

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  • Taylor Webley

Abstract

This note examines supply-side trends in Canadian non-energy industries and their implications for export performance. Between 2002 and 2016, capital stocks and total labour input declined in many industries that export non-energy goods. These soft trends in the factors of production have likely contributed to the decline in non-energy exports in about half of the goods industries analyzed in this note. On the other hand, Canada’s service sector has consistently increased its capital stock, workforce and productivity, which has helped it maintain solid production and export growth. Nevertheless, following the 2007–09 global financial crisis, supply-side trends in several goods-exporting sectors have improved, and this has led to partial rebounds in production and exports. Should these recent supply-side trends extend into the future, non-energy exports might struggle to grow in line with foreign activity without further improvements in the rates of capital formation, hiring or productivity.

Suggested Citation

  • Taylor Webley, 2018. "Characterizing Canada’s Export Sector by Industry: A Supply-Side Perspective," Staff Analytical Notes 2018-27, Bank of Canada.
    • Handle: RePEc:bca:bocsan:18-27
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    References listed on IDEAS

    as
    1. Patrick Alexander & Jean-Philippe Cayen & Alex Proulx, 2017. "An Improved Equation for Predicting Canadian Non-Commodity Exports," Discussion Papers 17-1, Bank of Canada.
    2. Nicholas Labelle, 2018. "Decomposing Canada’s Market Shares: An Update," Staff Analytical Notes 2018-26, Bank of Canada.
    3. André Binette & Tony Chernis & Daniel de Munnik, 2017. "Global Real Activity for Canadian Exports: GRACE," Discussion Papers 17-2, Bank of Canada.
    4. Russell Barnett & Karyne B. Charbonneau & Guillaume Poulin-Bellisle, 2016. "A New Measure of the Canadian Effective Exchange Rate," Discussion Papers 16-1, Bank of Canada.
    5. Russell Barnett & Karyne B. Charbonneau, 2015. "Decomposing Movements in U.S. Non-Energy Import Market Shares," Discussion Papers 15-5, Bank of Canada.
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    Cited by:

    1. Dany Brouillette & José Dorich & Chris D'Souza & Adrienne Gagnon & Claudia Godbout, 2018. "What Is Restraining Non-Energy Export Growth?," Staff Analytical Notes 2018-25, Bank of Canada.

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    More about this item

    Keywords

    International topics; Productivity;

    JEL classification:

    • E - Macroeconomics and Monetary Economics
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F - International Economics
    • F1 - International Economics - - Trade
    • F19 - International Economics - - Trade - - - Other

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