Canadian Firm and Job Dynamics

Author/Editor: Balakrishnan, Ravi
Publication Date: February 01, 2008
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary: 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.
Series: Working Paper No. 08/31
Subject(s): Productivity | Canada | Labor markets | Employment | Commodity prices

Author's Keyword(s): Job creation | job destruction | firm births | firm deaths | labor and product market efficiency | productivity | creative destruction
Publication Date: February 01, 2008
Format: Paper
Stock No: WPIEA2008031 Pages: 25
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