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150128 ||| eng |
| 020 |
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|a 9781451962048
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| 100 |
1 |
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|a Estevão, Marcello
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| 245 |
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0 |
|a Canada's Potential Growth
|b Another Victim of the Crisis?
|c Marcello Estevão, Evridiki Tsounta
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2010
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| 300 |
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|a 29 pages
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| 651 |
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4 |
|a Canada
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| 653 |
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|a Economywide Country Studies: U.S.
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| 653 |
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|a Labour; income economics
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| 653 |
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|a Potential output
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| 653 |
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|a Saving and Capital Investment
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| 653 |
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|a Capital and Total Factor Productivity
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| 653 |
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|a Cost
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| 653 |
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|a Industrial productivity
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| 653 |
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|a Production
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| 653 |
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|a Skills
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| 653 |
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|a Economic Development: Financial Markets
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| 653 |
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|a Total factor productivity
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| 653 |
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|a Production; Economic theory
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| 653 |
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|a Labor
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| 653 |
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|a Labor Productivity
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| 653 |
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|a Macroeconomics: Production
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| 653 |
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|a Labor Economics: General
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| 653 |
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|a Labor force participation
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| 653 |
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|a Canada
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| 653 |
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|a Labor market
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Occupational Choice
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| 653 |
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|a Capacity
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| 653 |
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|a Labor productivity
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| 653 |
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|a Human Capital
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| 653 |
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|a Labor Standards: Labor Force Composition
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| 653 |
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|a Corporate Finance and Governance
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| 653 |
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|a Production and Operations Management
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| 653 |
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|a Financial Crises
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| 653 |
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|a Labor economics
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| 700 |
1 |
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|a Tsounta, Evridiki
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2010/013/001.2010.issue-013-en.xml?cid=23531-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple accounting framework to decompose trend GDP growth into changes in capital, labor services and total factor productivity, we find a sizeable drop in Canadian potential growth in the short term. The estimated decline of about 1 percentage point originates from a sharply decelerating capital stock accumulation (as investment has dropped steeply) and a rising long-term unemployment rate (which would raise equilibrium unemployment rates). However, over the medium term, we expect Canada's potential GDP growth to gradually rise to around 2 percent, below the pre-crisis growth rate, mostly reflecting the effects of population aging and a secular decline in average working hours
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