The COVID-19 Era—Influencers of Uneven Sector Performance: A Canadian Perspective
The study estimates the impact of COVID-19 on the labour market outcomes of major industrial sectors in Toronto, the largest urban centre in Canada. Using various economic data, we classify the sectors as distressed, stable, and those requiring ongoing monitoring. Furthermore, we estimate the expect...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-02-01
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| Series: | Economies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7099/10/2/40 |
| _version_ | 1797481009536565248 |
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| author | Vikkram Singh Homayoun Shirazi Jessica Turetken |
| author_facet | Vikkram Singh Homayoun Shirazi Jessica Turetken |
| author_sort | Vikkram Singh |
| collection | DOAJ |
| description | The study estimates the impact of COVID-19 on the labour market outcomes of major industrial sectors in Toronto, the largest urban centre in Canada. Using various economic data, we classify the sectors as distressed, stable, and those requiring ongoing monitoring. Furthermore, we estimate the expected impact of the pandemic shock using the Impulse Response Function (IRF) method. The results show an uneven impact of the pandemic with adverse outcomes for low-paying front-facing sectors, such as accommodation & food services and manufacturing. The post-pandemic projections show lingering negative implications for various sectors. The insights are helpful for policy recommendations, such as targeted responses to address the declines and structural changes in these sectors because of increasing technology adoption and the resulting labour market challenges. |
| first_indexed | 2024-03-09T22:08:20Z |
| format | Article |
| id | doaj.art-441898897a5f40ea83de5fab60b4ac1b |
| institution | Directory Open Access Journal |
| issn | 2227-7099 |
| language | English |
| last_indexed | 2024-03-09T22:08:20Z |
| publishDate | 2022-02-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Economies |
| spelling | doaj.art-441898897a5f40ea83de5fab60b4ac1b2023-11-23T19:36:22ZengMDPI AGEconomies2227-70992022-02-011024010.3390/economies10020040The COVID-19 Era—Influencers of Uneven Sector Performance: A Canadian PerspectiveVikkram Singh0Homayoun Shirazi1Jessica Turetken2Department of Global Management, Ted Rogers School of Management, Ryerson University, Toronto, ON M58 2K3, CanadaDepartment of Economics, Ryerson University, Toronto, ON M58 2K3, CanadaTed Rogers School of Management, Ryerson University, Toronto, ON M58 2K3, CanadaThe study estimates the impact of COVID-19 on the labour market outcomes of major industrial sectors in Toronto, the largest urban centre in Canada. Using various economic data, we classify the sectors as distressed, stable, and those requiring ongoing monitoring. Furthermore, we estimate the expected impact of the pandemic shock using the Impulse Response Function (IRF) method. The results show an uneven impact of the pandemic with adverse outcomes for low-paying front-facing sectors, such as accommodation & food services and manufacturing. The post-pandemic projections show lingering negative implications for various sectors. The insights are helpful for policy recommendations, such as targeted responses to address the declines and structural changes in these sectors because of increasing technology adoption and the resulting labour market challenges.https://www.mdpi.com/2227-7099/10/2/40COVID-19Canadalabour marketindustrial sectors |
| spellingShingle | Vikkram Singh Homayoun Shirazi Jessica Turetken The COVID-19 Era—Influencers of Uneven Sector Performance: A Canadian Perspective Economies COVID-19 Canada labour market industrial sectors |
| title | The COVID-19 Era—Influencers of Uneven Sector Performance: A Canadian Perspective |
| title_full | The COVID-19 Era—Influencers of Uneven Sector Performance: A Canadian Perspective |
| title_fullStr | The COVID-19 Era—Influencers of Uneven Sector Performance: A Canadian Perspective |
| title_full_unstemmed | The COVID-19 Era—Influencers of Uneven Sector Performance: A Canadian Perspective |
| title_short | The COVID-19 Era—Influencers of Uneven Sector Performance: A Canadian Perspective |
| title_sort | covid 19 era influencers of uneven sector performance a canadian perspective |
| topic | COVID-19 Canada labour market industrial sectors |
| url | https://www.mdpi.com/2227-7099/10/2/40 |
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