Firm-specific shocks and aggregate fluctuations in the Canadian manufacturing sector, 2000 to 2012 / by Danny Leung, Leonid Karasik, Ben Tomlin.: CS11-0019/384E-PDF

"In order to understand what drives aggregate fluctuations, many macroeconomic models point to aggregate shocks and discount the contribution of firm-specific shocks. Recent research from other developed countries, however, has found that aggregate fluctuations are in part driven by shocks to large firms. Using data on Canadian firms from the T2-LEAP database, which links financial statements from firms’ Corporate Income Tax Returns with employment data from the Longitudinal Employment Analysis Program, this paper examines the contribution of large firms to industry-level fluctuations in gross output, investment and employment in the manufacturing sector. The data suggest that shocks to large firms can explain as much as 46% and 37% of the fluctuations in gross output and investment, respectively, but do not contribute to fluctuations in employment"--Abstract, p. 5.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.826599&sl=0

Publication information
Department/Agency Statistics Canada. Analytical Studies Branch.
Title Firm-specific shocks and aggregate fluctuations in the Canadian manufacturing sector, 2000 to 2012 / by Danny Leung, Leonid Karasik, Ben Tomlin.
Series title Analytical Studies Branch research paper series, 1205-9153 ; no. 384
Publication type Series - View Master Record
Language [English]
Other language editions [French]
Format Electronic
Electronic document
Note(s) Issued also in French under title: Chocs propres à l’entreprise et fluctuations agrégées dans le secteur de la fabrication au Canada, 2000 à 2012.
"November 2016."
Includes bibliographical references.
Publishing information [Ottawa] : Statistics Canada, c2016.
Author / Contributor Leung, Danny.
Karasik, Leonid.
Tomlin, Ben.
Description 19 p.
ISBN 978-0-660-06680-6
Catalogue number
  • CS11-0019/384E-PDF
Departmental catalogue number 11F0019M No. 384
Subject terms Manufacturing industry
Statistics
Request alternate formats
To request an alternate format of a publication, complete the Government of Canada Publications email form. Use the form’s “question or comment” field to specify the requested publication.
Date modified: