Firm dynamics and multifactor productivity : an empirical exploration / by Pierre St-Amant and David Tessier.: FB3-5/2018-15E-PDF
“There are indications that business dynamism has declined in advanced economies. In particular, firm entry and exit rates have fallen, suggesting that the creative destruction process has lost some of its vitality. Meanwhile, productivity growth has slowed. Some believe that lower entry and exit rates partly explain the weaker productivity growth. However, the evidence supporting, or invalidating, this view is scarce. In the present paper, we use multi-horizon causality tests and dynamic simulations with Canadian and US data to examine the following question: Do changes to entry and exit rates provide information about, or Granger-cause, future productivity?"--Abstract, p. ii.
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Firm dynamics and multifactor productivity : an empirical exploration / by Pierre St-Amant and David Tessier. |
| Series title | Bank of Canada staff working paper, 1701-9397 ; 2018-15 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "March 2018." Includes bibliographical references. Includes abstract in French. |
| Publishing information | [Ottawa] : Bank of Canada, 2018. |
| Author / Contributor | St-Amant, Pierre. Tessier, David,1964- |
| Description | iii, 26 p. : col. charts. |
| Catalogue number |
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| Subject terms | Businesses Productivity |
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