The Productivity Slowdown in Canada: an ICT Phenomenon?
We ask whether a weaker contribution of information and communication technologies (ICT) to productivity growth could account for the productivity slowdown observed in Canada since the early 2000s. To answer this question, we consider several models which capture channels by which ICT could affect p...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Centre for the Study of Living Standards
2018-09-01
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| Series: | International Productivity Monitor |
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| Online Access: | http://www.csls.ca/ipm/35/Mollins-St-Amant.pdf |
| _version_ | 1819029612389203968 |
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| author | Jeff Mollins Pierre St-Amant |
| author_facet | Jeff Mollins Pierre St-Amant |
| author_sort | Jeff Mollins |
| collection | DOAJ |
| description | We ask whether a weaker contribution of information and communication technologies (ICT) to productivity growth could account for the productivity slowdown observed in Canada since the early 2000s. To answer this question, we consider several models which capture channels by which ICT could affect productivity growth. Our results indicate that ICT continues to contribute to productivity growth, but that this contribution has declined and consequently accounts for part of the productivity growth slowdown. However, the productivity slowdown and the change in the contribution of ICT do not seem to have the same timing. While productivity growth slowed in the early 2000s, the ICT contribution does not appear to have fallen until around the Great Recession. This prompts the conclusion that while ICT had little to no role in the initial productivity slowdown, it has been a major determinant of the subdued productivity growth since 2007-2009. |
| first_indexed | 2024-12-21T06:17:02Z |
| format | Article |
| id | doaj.art-a1896a83192348d58fc54d5e39ad7788 |
| institution | Directory Open Access Journal |
| issn | 1492-9759 1492-9767 |
| language | English |
| last_indexed | 2024-12-21T06:17:02Z |
| publishDate | 2018-09-01 |
| publisher | Centre for the Study of Living Standards |
| record_format | Article |
| series | International Productivity Monitor |
| spelling | doaj.art-a1896a83192348d58fc54d5e39ad77882022-12-21T19:13:23ZengCentre for the Study of Living StandardsInternational Productivity Monitor1492-97591492-97672018-09-013595112The Productivity Slowdown in Canada: an ICT Phenomenon?Jeff Mollins0Pierre St-Amant1Bank of CanadaBank of CanadaWe ask whether a weaker contribution of information and communication technologies (ICT) to productivity growth could account for the productivity slowdown observed in Canada since the early 2000s. To answer this question, we consider several models which capture channels by which ICT could affect productivity growth. Our results indicate that ICT continues to contribute to productivity growth, but that this contribution has declined and consequently accounts for part of the productivity growth slowdown. However, the productivity slowdown and the change in the contribution of ICT do not seem to have the same timing. While productivity growth slowed in the early 2000s, the ICT contribution does not appear to have fallen until around the Great Recession. This prompts the conclusion that while ICT had little to no role in the initial productivity slowdown, it has been a major determinant of the subdued productivity growth since 2007-2009.http://www.csls.ca/ipm/35/Mollins-St-Amant.pdficteconomic productivity |
| spellingShingle | Jeff Mollins Pierre St-Amant The Productivity Slowdown in Canada: an ICT Phenomenon? International Productivity Monitor ict economic productivity |
| title | The Productivity Slowdown in Canada: an ICT Phenomenon? |
| title_full | The Productivity Slowdown in Canada: an ICT Phenomenon? |
| title_fullStr | The Productivity Slowdown in Canada: an ICT Phenomenon? |
| title_full_unstemmed | The Productivity Slowdown in Canada: an ICT Phenomenon? |
| title_short | The Productivity Slowdown in Canada: an ICT Phenomenon? |
| title_sort | productivity slowdown in canada an ict phenomenon |
| topic | ict economic productivity |
| url | http://www.csls.ca/ipm/35/Mollins-St-Amant.pdf |
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