Productivity Growth in Canadian and U.S. Regulated Industries
AbstractThis paper compares the productivity growth of a set of Canadian and U.S. regulated industries. Using data from Statistics Canada's KLEMS database and the U.S. Bureau of Economic Analysis, the paper examines productivity growth in transportation services (which includes air and rail), broadcasting and telecommunications, and financial services (which includes financial intermediation and insurance), over the period from 1977 to 2003. The majority of these provide the foundational networks on which other industries rely. These sectors were quite heavily regulated in Canada at the beginning of the period of study (1977), experienced partial deregulation during the period and still faced various types of regulation at the end (2003). Deregulation also occurred in the United States, but regulation has generally been less restrictive there over most of the period. The evidence shows that many of the Canadian industries that underwent deregulation experienced faster labour productivity growth and multifactor productivity growth than did the aggregate Canadian business sector and had similar or higher productivity growth than did their counterparts in the United States over the 1977-to-2003 period. Those industries include rail transportation, broadcasting and telecommunications, financial intermediation and insurance carriers. The airline industry had slower productivity growth in Canada than in the United States over the 1977-to-2003 period.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Statistics Canada, Economic Analysis in its series The Canadian Productivity Review with number 2008020e.
Date of creation: 26 Nov 2008
Date of revision:
Economic accounts; Productivity accounts;
Other versions of this item:
- Wulong Gu & Amélie Lafrance, 2010. "Productivity Growth in Canadian and U.S. Regulated Industries," International Productivity Monitor, Centre for the Study of Living Standards, Centre for the Study of Living Standards, vol. 19, pages 50-65, Spring.
- L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-01-03 (All new papers)
- NEP-EFF-2009-01-03 (Efficiency & Productivity)
- NEP-REG-2009-01-03 (Regulation)
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.:
- Jason Allen & Walter Engert, 2007. "Efficiency and Competition in Canadian Banking," Bank of Canada Review, Bank of Canada, Bank of Canada, vol. 2007(Summer), pages 33-45.
- Gu, Wulong & Baldwin, John R. & Yan, Beiling, 2007. "User Guide for Statistics Canada's Annual Multifactor Productivity Program," The Canadian Productivity Review, Statistics Canada, Economic Analysis 2007014e, Statistics Canada, Economic Analysis.
- Tanguay, Marc & Baldwin, John R. & Wong, Fanny & Maynard, Jean-Pierre & Yan, Beiling, 2005. "A Comparison of Canadian and U.S. Productivity Levels: An Exploration of Measurement Issues," Economic Analysis (EA) Research Paper Series 2005028e, Statistics Canada, Analytical Studies Branch.
- Gu, Wulong & Baldwin, John R., 2007. "Long-term Productivity Growth in Canada and the United States," The Canadian Productivity Review, Statistics Canada, Economic Analysis 2007013e, Statistics Canada, Economic Analysis.
- Baldwin, John R., 2007. "Productivity Performance in Canada, 1961 to 2005," The Canadian Productivity Review, Statistics Canada, Economic Analysis 2007011e, Statistics Canada, Economic Analysis.
- Gu, Wulong & Baldwin, John R., 2007. "Investment and Long-term Productivity Growth in the Canadian Business Sector, 1961 to 2002," The Canadian Productivity Review, Statistics Canada, Economic Analysis 2007006e, Statistics Canada, Economic Analysis.
- Fisher, Anthony & Gu, Wulong & Baldwin, John R. & Lee, Frank C & Robidoux, Benoit, 2008. "Capital Intensity in Canada and the United States, 1987 to 2003," The Canadian Productivity Review, Statistics Canada, Economic Analysis 2008018e, Statistics Canada, Economic Analysis.
- Paul Conway & Donato de Rosa & Giuseppe Nicoletti & Faye Steiner, 2006. "Product market regulation and productivity convergence," OECD Economic Studies, OECD Publishing, OECD Publishing, vol. 2006(2), pages 39-76.
- Nicholas Crafts, 2006. "Regulation and Productivity Performance," Oxford Review of Economic Policy, Oxford University Press, Oxford University Press, vol. 22(2), pages 186-202, Summer.
- Gu, Wulong & Baldwin, John R., 2009. "Productivity Performance in Canada, 1961 to 2008: An Update on Long-term Trends," The Canadian Productivity Review, Statistics Canada, Economic Analysis 2009025e, Statistics Canada, Economic Analysis.
- Paul Conway & Giuseppe Nicoletti, 2006. "Product Market Regulation in the Non-Manufacturing Sectors of OECD Countries: Measurement and Highlights," OECD Economics Department Working Papers 530, OECD Publishing.
- Centre for the Study of Living Standards, 2012. "The Impact of Information and Communication Technology on the Productivity of the Canadian Transportation System: A Macroeconomic Approach for the Air and Rail Sectors," CSLS Research Reports, Centre for the Study of Living Standards 2012-07, Centre for the Study of Living Standards.
- A. V. Malakhovskii & S. L. Gnatchenko & I. S. Kachur & V. G. Piryatinskaya & A. L. Sukhachev & V. L. Temerov, 2011. "Influence of magnetic ordering on electronic structure of Tb 3+ ion in TbFe 3(BO 3) 4 crystal," The European Physical Journal B - Condensed Matter and Complex Systems, Springer, Springer, vol. 80(1), pages 1-10, March.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Brown).
If references are entirely missing, you can add them using this form.