Digitalization: Productivity Staff discussion paper 2023-17 Jeffrey Mollins, Temel Taskin We examine the relationship between digitalization and productivity, the factors that influence this relationship, and how digitalization’s effect on productivity could change firm behaviour. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E2, L, L1, L11, O, O4, O47, O5, O51 Research Theme(s): Structural challenges, Digitalization and productivity
Digitalization: Labour Markets Staff discussion paper 2023-16 Alex Chernoff, Gabriela Galassi In this paper, the authors assess the relationship between digitalization and labour demand and supply, and how this relationship affects wages and income inequality. We also explore implications of recent digitalization trends for the future of work. Content Type(s): Staff research, Staff discussion papers JEL Code(s): I, I2, I23, J, J2, J23, J24, O, O3, O33 Research Theme(s): Structural challenges, Demographics and labour supply, Digitalization and productivity
Flagship Entry in Online Marketplaces Staff working paper 2023-41 Ginger Zhe Jin, Zhentong Lu, Xiaolu Zhou, Lu Fang In this paper, we empirically study how flagship entry in an online marketplace affects consumers, the platform, and various sellers on the platform. We find flagship entry may benefit consumers by expanding the choice set, by intensifying price competition within the entry brand, and by improving consumer perception for parts of the platform. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D4, L, L1, L8 Research Theme(s): Financial markets and funds management, Market structure, Structural challenges, Digitalization and productivity
Trade and Diffusion of Embodied Technology: An Empirical Analysis Staff working paper 2023-21 Stephen Ayerst, Faisal Ibrahim, Gaelan MacKenzie, Swapnika Rachapalli Using data from patents, citations, inter-sectoral sales and customs, we examine the international diffusion of technology through imports of sectoral knowledge and production inputs. We develop an instrumental variable strategy to identify the causal effects of technology embodied in imports on innovation and diffusion outcomes. Content Type(s): Staff research, Staff working papers JEL Code(s): F, F1, F14, F6, F61, O, O1, O19, O3, O31, O33 Research Theme(s): Structural challenges, Digitalization and productivity, International trade, finance and competitiveness
Has wage setting changed in Canada? Evidence from the pre-pandemic 2020 Wage-Setting Survey Staff analytical note 2022-10 David Amirault, Sarah Miller, Matthieu Verstraete Just before the pandemic began, the Bank of Canada conducted the 2020 Wage-Setting Survey. The goal was to explore the unusual trend of subdued wage growth in 2018 and 2019 despite a tightening in the labour market. Although this wage puzzle was beginning to resolve at the time of the survey, results highlight changes in several factors that may have important impacts on wage dynamics. Content Type(s): Staff research, Staff analytical notes JEL Code(s): J, J3, J31, J32, J33, J6, J63 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Structural challenges, Demographics and labour supply, Digitalization and productivity
What COVID-19 May Leave Behind: Technology-Related Job Postings in Canada Staff working paper 2022-17 Alejandra Bellatin, Gabriela Galassi COVID-19 affects technology adoption: online job postings for technology-related occupations fall less during pandemic lockdowns and pick up faster during reopenings than postings for more traditional occupations. Content Type(s): Staff research, Staff working papers JEL Code(s): J, J2, J23, J24, O, O1, O14 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply, Digitalization and productivity
Addictive Platforms Staff working paper 2022-16 Shota Ichihashi, Byung-Cheol Kim We study competition for consumer attention, in which platforms can sacrifice service quality for attention. A platform can choose the “addictiveness” of its service. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D4, D40, L, L5, L51 Research Theme(s): Financial markets and funds management, Market functioning, Market structure, Structural challenges, Digitalization and productivity
Contribution of Human Capital Accumulation to Canadian Economic Growth Staff discussion paper 2022-7 Audra Bowlus, Youngmin Park, Chris Robinson This paper quantifies the contribution of human capital accumulation to the growth of real gross domestic product (GDP) in Canada. Content Type(s): Staff research, Staff discussion papers JEL Code(s): D, D2, D24, E, E2, E24, J, J2, J24, J3, J31, O, O4, O47 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply, Digitalization and productivity
The Impact of Globalization and Digitalization on the Phillips Curve Staff working paper 2022-7 Christian Friedrich, Peter Selcuk Globalization is in retreat, yet digitalization is on the rise. How will these trends impact inflation? Content Type(s): Staff research, Staff working papers JEL Code(s): E, E3, E31, E32, F, F6 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting, Structural challenges, Digitalization and productivity, International trade, finance and competitiveness
Canadian job postings in digital sectors during COVID-19 Staff analytical note 2021-18 Alejandra Bellatin, Gabriela Galassi Digital technologies have helped maintain economic activity while allowing people to remain physically distant throughout the COVID-19 crisis. This note shows that the number of online postings for jobs related to the production of digital technologies in Canada decreased less than the number for other jobs and recovered more quickly after lockdowns were lifted. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E2, E24, J, J2, J23, J6, J63, J64, O, O3, O33 Research Theme(s): Structural challenges, Demographics and labour supply, Digitalization and productivity