Journal article
Canadian productivity growth: Stuck in the oil sands
Abstract
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 accounted for entirely 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 with that of …
Authors
Loertscher O; Pujolas PS
Journal
Canadian Journal of Economics/Revue canadienne d économique, Vol. 57, No. 2, pp. 478–501
Publisher
Wiley
Publication Date
May 2024
DOI
10.1111/caje.12707
ISSN
0008-4085