Research & Projects
Research & Projects
Publications
Publications
Canadian Productivity Growth: Stuck in the Oil SandsÂ
Canadian Productivity Growth: Stuck in the Oil SandsÂ
(Accepted for publication at the Canadian Journal of Economics)
(Accepted for publication at the Canadian Journal of Economics)
with Pau Pujolas
Abstract:
We study the behaviour of Canadian Total Factor Productivity (TFP) growth over the past 60 years. We find that the observed stagnation during the last 20 years is entirely accounted for by the Oil sector. Higher oil prices made capital-intensive sources of oil like the oil sands viable to extract on a commercial scale. However, the greater input required per barrel of oil slowed TFP growth. Comparing Canadian TFP growth to those of the United States and Norway reinforces these results. However, our result should not be interpreted to carry any welfare implications.
Access the paper here
Work in Progress
Work in Progress
Developed SORE Losers: Small Oil-Rich Exporters and the Green Transition
Developed SORE Losers: Small Oil-Rich Exporters and the Green Transition
Green Firms and Environmental Policies
Green Firms and Environmental Policies