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Canadian Firm and Job Dynamics

Canadian Firm and Job Dynamics by Ravi Balakrishnan
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To understand better Canada's smooth reallocation of labor in response to the recent commodity price boom, but seemingly poor productivity performance, this paper examines job and firm dynamics in Canada relative to the United States. Overall, it finds that while Canada's labor market efficiency seems comparable to that of the United States, product market rigidities appear to be reducing Canada's capacity for creative destruction, hence undermining productivity growth.
International Monetary Fund; February 2008
25 pages; ISBN 9781452772301
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Title: Canadian Firm and Job Dynamics
Author: Ravi Balakrishnan