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Productivity Growth in Canadian and U.S. Regulated Industries

Author

Listed:
  • Wulong Gu
  • Amélie Lafrance

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.

Suggested Citation

  • Wulong Gu & Amélie Lafrance, 2010. "Productivity Growth in Canadian and U.S. Regulated Industries," International Productivity Monitor, Centre for the Study of Living Standards, vol. 19, pages 50-65, Spring.
    • Handle: RePEc:sls:ipmsls:v:19:y:2010:4
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    File URL: http://www.csls.ca/ipm/19/IPM-19-gu-lafrance.pdf
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    References listed on IDEAS

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    1. Baldwin, John R., 2007. "Productivity Performance in Canada, 1961 to 2005," The Canadian Productivity Review 2007011e, Statistics Canada, Economic Analysis Division.
    2. Maria Maher & Jay C. Shaffer, 2005. "Product Market Competition and Economic Performance in Canada," OECD Economics Department Working Papers 421, OECD Publishing.
    3. Marcel P. Timmer & Mary O’Mahony & Bart van Ark, 2007. "EU KLEMS Growth and Productivity Accounts: An Overview," International Productivity Monitor, Centre for the Study of Living Standards, vol. 14, pages 71-85, Spring.
    4. Baldwin, John R. Fisher, Anthony Gu, Wulong Lee, Frank C Robidoux, Benoît, 2008. "Capital Intensity in Canada and the United States, 1987 to 2003," The Canadian Productivity Review 2008018e, Statistics Canada, Economic Analysis Division.
    5. Baldwin, John R. Gu, Wulong, 2009. "Productivity Performance in Canada, 1961 to 2008: An Update on Long-term Trends," The Canadian Productivity Review 2009025e, Statistics Canada, Economic Analysis Division.
    6. Nicholas Crafts, 2006. "Regulation and Productivity Performance," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 22(2), pages 186-202, Summer.
    7. Baldwin, John R. Gu, Wulong, 2007. "Long-term Productivity Growth in Canada and the United States," The Canadian Productivity Review 2007013e, Statistics Canada, Economic Analysis Division.
    8. Paul Conway & Giuseppe Nicoletti, 2006. "Product Market Regulation in the Non-Manufacturing Sectors of OECD Countries: Measurement and Highlights," OECD Economics Department Working Papers 530, OECD Publishing.
    9. Shy,Oz, 2001. "The Economics of Network Industries," Cambridge Books, Cambridge University Press, number 9780521805001.
    10. Baldwin, John R. Gu, Wulong Yan, Beiling, 2007. "User Guide for Statistics Canada's Annual Multifactor Productivity Program," The Canadian Productivity Review 2007014e, Statistics Canada, Economic Analysis Division.
    11. Paul Conway & Donato de Rosa & Giuseppe Nicoletti & Faye Steiner, 2007. "Product market regulation and productivity convergence," OECD Economic Studies, OECD Publishing, vol. 2006(2), pages 39-76.
    12. Centre for the Study of Living Standards, 2003. "Productivity Trends in Natural Resources Industries in Canada," CSLS Research Reports 2003-01, Centre for the Study of Living Standards.
    13. Baldwin, John R. Gu, Wulong, 2007. "Investment and Long-term Productivity Growth in the Canadian Business Sector, 1961 to 2002," The Canadian Productivity Review 2007006e, Statistics Canada, Economic Analysis Division.
    14. Baldwin, John R. Maynard, Jean-Pierre Tanguay, Marc Wong, Fanny Yan, Beiling, 2005. "A Comparison of Canadian and U.S. Productivity Levels: An Exploration of Measurement Issues," Economic Analysis (EA) Research Paper Series 2005028e, Statistics Canada, Analytical Studies Branch.
    15. Paul Conway & Giuseppe Nicoletti, 2007. "Product Market Regulation and Productivity Convergence: OECD Evidence and Implications for Canada," International Productivity Monitor, Centre for the Study of Living Standards, vol. 15, pages 3-24, Fall.
    16. Jason Allen & Walter Engert, 2007. "Efficiency and Competition in Canadian Banking," Bank of Canada Review, Bank of Canada, vol. 2007(Summer), pages 33-45.
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    Cited by:

    1. Don Drummond & Evan Capeluck & Matthew Calver, 2015. "The Key Challenge for Canadian Public Policy: Generating Inclusive and Sustainable Economic Growth," CSLS Research Reports 2015-11, Centre for the Study of Living Standards.
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    More about this item

    Keywords

    productivity growth; deregulation; Canada; United States;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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