00000nam 2200000za 4500 9.854441 CaOODSP 20221107155049 cr ||||||||||| 180319s2018 oncd ob f000 0 eng d CaOODSP eng eng fre n-cn--- n-us--- FB3-5/2018-15E-PDF St-Amant, Pierre. Firm dynamics and multifactor productivity [electronic resource] : an empirical exploration / by Pierre St-Amant and David Tessier. [Ottawa] : Bank of Canada, 2018. iii, 26 p. : col. charts. Bank of Canada staff working paper, 1701-9397 ; 2018-15 "March 2018." Includes bibliographical references. “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. Includes abstract in French. gccst Businesses gccst Productivity Tessier, David, 1964- Bank of Canada. Staff working paper (Bank of Canada) 1701-9397 ; 2018-15. (CaOODSP)9.806221 PDF 663 KB https://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-5-2018-15-eng.pdf