Template-Type: ReDIF-Article 1.0 Author-Name: Andrew Sharpe Author-Email: andrew.sharpe@csls.ca Title: Editor’s Overview Abstract: THIS ISSUE OF THE International Productivity Monitor contains five articles on: recent productivity developments in the world economy; aggregate measures of income and their implications for productivity and living standards; the role of sectoral employment shifts in aggregate productivity growth in Canada; productivity trends in regulated industries in Canada and the United States; and international productivity comparisons in the financial and business services sectors. Classification-JEL: Y2 Keywords: Productivity, Living Standards, Aggregate Measures of Income, Sectoral Employment, Productivity Growth, Journal: International Productivity Monitor Pages: 1-2 Volume: 19 Year: 2010 Month: Spring File-URL: http://www.csls.ca/ipm/19/IPM-19-editoroverview.pdf File-Format: Application/pdf Handle: RePEc:sls:ipmsls:v:19:y:2010:0 Template-type: ReDIF-Article 1.0 Author-Name: Vivian Chen Author-Email: vivian.chen@conference-board.org Author-Name: Abhay Gupta Author-Email: abhay.gupta@conference-board.org Author-Name: Andre Therrien Author-Email: andre.therrien@conference-board.org Author-Name: Gad Levanon Author-Email: gad.levanon@conference-board.org Author-Name: Bart van Ark Author-Email: bart.vanark@conference-board.org. Title: Recent Productivity Developments in the World Economy: An Overview from The Conference Board Total Economy Database Abstract:The recession left its mark on global productivity, which fell in 2009. The productivity growth differential between the United States and Europe increased dramatically in 2009. Average long-term growth of labour productivity in advanced economies has stalled since 2000. The gradual improvement in world productivity is due to emerging and developing economies. In particular the long-term increase in TFP growth reflects a strengthening of the efficiency with which emerging and developing economies use labour and capital in productive economic activity. Classification-JEL: O11, F00, O47, D24, J24 Keywords: Productivity, Total-Factor Productivity, Cross-Country Comparison, Labour Productivity, EfficiencyLabour, Capital Journal: International Productivity Monitor Pages: 3-19 Volume: 19 Year: 2010 Month: Spring File-URL: http://www.csls.ca/ipm/19/IPM-19-vanark.pdf File-Format: Application/pdf Handle: RePEc:sls:ipmsls:v:19:y:2010:1 Template-type: ReDIF-Article 1.0 Author-Name: Chris Ross Author-Email: info@csls.ca Author-Name: Alexander Murray Author-Email: info@csls.ca Title: Aggregate Measures of Income and Output in Canada and the United States: Implications for Productivity and Living Standards Abstract: The objectives of this article are to clarify definitions and to produce estimates of the eight aggregate measures of income and product (gross domestic product, gross domestic income, gross national product, gross national income, net domestic product, net domestic income, net national product and net national income) for Canada and the United States over the 1980-2008 period. The article also discusses the implications of the eight measures for productivity and living standards analysis. It concludes that GDP and NDP are the most appropriate measures of output for productivity analysis, while NNI is the most appropriate measure of income for the analysis of living standards because it captures the impact on real income of terms of trade changes, net income received from abroad, and the sustainability of the capital stock. Classification-JEL: O47, 051 Keywords: gross domestic product, gross domestic income, gross national product, gross national income, net domestic product, net domestic income,net national product, net national income, productivity, living standards Journal: International Productivity Monitor Pages: 20-39 Volume: 19 Year: 2010 Month: Spring File-URL: http://www.csls.ca/ipm/19/IPM-19-ross-murray.pdf File-Format: Application/pdf Handle: RePEc:sls:ipmsls:v:19:y:2010:2 Template-type: ReDIF-Article 1.0 Author-Name: Andrew Sharpe Author-Email: andrew.sharpe@csls.ca Title: Can Sectoral Reallocations of Labour Explain Canada’s Absymal Productivity Performance? Abstract: This report presents a framework for decomposing aggregate productivity growth into within-sector effects and sectoral reallocation effects. This framework is used to analyze productivity growth in 12 Canadian industries for the 1961-2007 period and for several subperiods. The results do not support the common view that Canada’s weak post-2000 productivity performance is attributable to a reallocation of labour toward mining, oil and gas, a sector with low productivity growth. Rather, it was the fall in labour productivity growth in manufacturing that accounted for all of the slowdown in business sector productivity growth after 2000. Classification-JEL: O47, J24 Keywords: productivity growth, sectoral reallocation, labour productivity growth, industry, Canada Journal: International Productivity Monitor Pages: 40-49 Volume: 19 Year: 2010 Month: Spring File-URL: http://www.csls.ca/ipm/19/IPM-19-sharpe.pdf File-Format: Application/pdf Handle: RePEc:sls:ipmsls:v:19:y:2010:3 Template-type: ReDIF-Article 1.0 Author-Name: Wulong Gu Author-Email: wulong.gu@statcan.gc.ca Author-Name: Amélie Lafrance Author-Email: amelie.lafrance@statcan.gc.ca Title: Productivity Growth in Canadian and U.S. Regulated Industries Abstract: This article compares the productivity growth of a set of Canadian and U.S. regulated industries. Using data from Statistics Canada’s KLEMS database and the U.S. Bureau of Economic Analysis, the article examines productivity growth in transportation services (which includes air, rail, and other transportation services), broadcasting and telecommunications, cultural industries (which include publishing and information services, and motion pictures and sound recording), and financial services (which includes financial intermediation and insurance) over the period from 1977 to 2006. These industries provide the foundational networks on which other industries rely. In 1977, they were quite heavily regulated in Canada. They experienced deregulation after 1977, but still faced various types of regulation in 2006. Deregulation also occurred in the United States, but regulation has generally been less restrictive in that country over the period. Classification-JEL: O47, L52, G28 Keywords: productivity growth, deregulation, Canada, United States Journal: International Productivity Monitor Pages: 50-65 Volume: 19 Year: 2010 Month: Spring File-URL: http://www.csls.ca/ipm/19/IPM-19-gu-lafrance.pdf File-Format: Application/pdf Handle: RePEc:sls:ipmsls:v:19:y:2010:4 Template-type: ReDIF-Article 1.0 Author-Name: Pamfili Antipa Author-Email: pamfili.antipa@banque-france.fr Author-Name: Marie-Elisabeth de la Serve Author-Email: marie-elisabeth.guerin@banque-france.fr Title: International Comparisons of Industry-based Productivity Levels in the Financial and Business Service Sectors Abstract: This article attempts to explain the relatively poor productivity growth in four major EU countries (Germany, France, United Kingdom, and Netherlands) relative to the United States. Our study is carried out from a sectoral perspective, focussing on the financial and business services sectors. Instead of examining only sectoral productivity growth rates, we also examine sectoral productivity level gaps. Our results imply that the productivity differential in the business services sector is a major factor behind the US lead in productivity. Classification-JEL: D24, L84 Keywords: sectoral productivity, growth rates, level gaps, productivity growth, financial and business services Journal: International Productivity Monitor Pages: 66-81 Volume: 19 Year: 2010 Month: Spring File-URL: http://www.csls.ca/ipm/19/IPM-19-antipa-delaserve.pdf File-Format: Application/pdf Handle: RePEc:sls:ipmsls:v:19:y:2010:5