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An Overview of Indigenous Economies Within Canada

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Listed:
  • Alex Chernoff
  • Calista Cheung

Abstract

Attempts to measure aspects of Indigenous economies within Canada are limited by data availability and quality. Drawing on the most recent data sources and research, we provide an overview of such economies and their relationship to the economy of Canada. This includes a discussion of labour markets and the characteristics of Indigenous-owned businesses. While several measures suggest economic outcomes have improved for Indigenous Peoples in recent decades, some institutional settings and gaps in infrastructure and financing continue to hinder economic progress. The creation of new institutions is helping Indigenous communities to overcome these historic barriers. However, continued progress is needed to improve data on Indigenous economies to enable Indigenous and Canadian policy-makers to make informed decisions.

Suggested Citation

  • Alex Chernoff & Calista Cheung, 2023. "An Overview of Indigenous Economies Within Canada," Discussion Papers 2023-25, Bank of Canada.
    • Handle: RePEc:bca:bocadp:23-25
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    References listed on IDEAS

    as
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    4. Danielle Lamb, 2014. "Aboriginal Early School Leavers On- and Off-Reserve: An Empirical Analysis," Canadian Public Policy, University of Toronto Press, vol. 40(2), pages 156-165, June.
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    More about this item

    Keywords

    Central bank research; Development economics; Financial services; Labour markets; Monetary Policy Transmission; Regional economic developments;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • N41 - Economic History - - Government, War, Law, International Relations, and Regulation - - - U.S.; Canada: Pre-1913
    • N42 - Economic History - - Government, War, Law, International Relations, and Regulation - - - U.S.; Canada: 1913-
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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