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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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    5. Shy,Oz, 2001. "The Economics of Network Industries," Cambridge Books, Cambridge University Press, number 9780521805001, September.
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    7. Baldwin, John R., 2007. "Productivity Performance in Canada, 1961 to 2005," The Canadian Productivity Review 2007011e, Statistics Canada, Economic Analysis Division.
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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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