Lin Shao - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T16:03:50+00:00Allocative Efficiency and the Productivity Slowdown
https://www.bankofcanada.ca/2021/01/staff-working-paper-2021-1/
In our analysis of the US productivity slowdown in the 1970s and 2000s, we find that a significant portion of this deceleration can be attributed to a lack of improvement in allocative efficiency across sectors. Our analysis further identifies increased sector-level volatility as a major contributor to this lack of improvement in allocative efficiency.2021-01-07T12:55:03+00:00enAllocative Efficiency and the Productivity Slowdown2021-01-07Economic modelsProductivityStaff Working Paper 2021-1https://www.bankofcanada.ca/wp-content/uploads/2021/01/swp2021-1.pdfAllocative Efficiency and Aggregate Productivity Growth in Canada and the United StatesLin ShaoRongsheng TangJanuary 2021EE2E23OO4O47