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Canadian Firm and Job Dynamics

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  • Ravi Balakrishnan
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    Abstract

    To understand better Canada''s smooth reallocation of labor in response to the recent commodity price boom, but seemingly poor productivity performance, this paper examines job and firm dynamics in Canada relative to the United States. Overall, it finds that while Canada''s labor market efficiency seems comparable to that of the United States, product market rigidities appear to be reducing Canada''s capacity for creative destruction, hence undermining productivity growth.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 08/31.

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    Length: 25
    Date of creation: 01 Feb 2008
    Date of revision:
    Handle: RePEc:imf:imfwpa:08/31

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    Related research

    Keywords: Productivity; Labor markets; Employment; Commodity prices; job creation; job reallocation; job destruction; job flows; unemployment; labor market; labour; labour market; business employment dynamics; labor statistics; employment dynamics; job gains; job losses; net employment; labor productivity; unemployment rates; job churning; labor market efficiency; self employed; number of employees; flexible labor market; labor turnover; labor productivity growth; flexible labor markets; unemployment rate; jobs; job flow; frictional unemployment; net job creation; employment record; low unemployment rate; labor market behavior; net employment gains; employment losses; unemployment protection; job openings; employment opportunities; low unemployment; labor shares; labor market rigidities; employment growth; unemployment duration;

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    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Dale T. Mortensen & Christopher A. Pissarides, 1993. "Job Creation and Job Destruction in the Theory of Unemployment," CEP Discussion Papers dp0110, Centre for Economic Performance, LSE.
    2. Ricardo J. Caballero & Mohamad L. Hammour, 1994. "On the Timing and Efficiency of Creative Destruction," NBER Working Papers 4768, National Bureau of Economic Research, Inc.
    3. Balakrishnan, R. & Michelacci, C., 1998. "Unemployment Dynamics Across OECD Countries," Papers 9806, Centro de Estudios Monetarios Y Financieros-.
    4. John Haltiwanger & Stefano Scarpetta & Helena Schweiger, 2008. "Assessing Job Flows Across Countries: The Role of Industry, Firm Size and Regulations," NBER Working Papers 13920, National Bureau of Economic Research, Inc.
    5. John Baldwin & Timothy Dunne & John Haltiwanger, 1994. "A Comparison of Job Creation and Job Destruction in Canada and the United States," NBER Working Papers 4726, National Bureau of Economic Research, Inc.
    6. Lucia Foster & John Haltiwanger & Namsuk Kim, 2006. "Gross Job Flows for the U.S. Manufacturing Sector: Measurement from the Longitudinal Research Database," Working Papers 06-30, Center for Economic Studies, U.S. Census Bureau.
    7. Vladimir Klyuev & Martin Mühleisen & Tamim Bayoumi, 2007. "Northern Star," IMF Occasional Papers 258, International Monetary Fund.
    8. Steven J. Davis & John C. Haltiwanger & Scott Schuh, 1998. "Job Creation and Destruction," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262540932, December.
    9. Gu, Wulong & Baldwin, John R., 2006. "Competition, Firm Turnover and Productivity Growth," Economic Analysis (EA) Research Paper Series 2006042e, Statistics Canada, Analytical Studies Branch.
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    Citations

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    Cited by:
    1. Jean-Francois Arsenault & Andrew Sharpe, 2008. "An Analysis of the Causes of Weak Labour Productivity Growth in Canada since 2000," International Productivity Monitor, Centre for the Study of Living Standards, vol. 16, pages 14-39, Spring.
    2. Shutao Cao & Danny Leung, 2010. "Labour Reallocation, Relative Prices and Productivity," Working Papers 10-2, Bank of Canada.
    3. Marcello M. Estevão & Evridiki Tsounta, 2010. "Canada's Potential Growth," IMF Working Papers 10/13, International Monetary Fund.

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