Over the last 40 years, Canada and the United States have had quite similar performance in terms of productivity growth. These more or less similar rates of productivity growth have taken place despite differences in industry structure, trade orientation, and major social programs. However, in the 1990s, while productivity growth continued to be similar, the Canadian economy did significantly worse than the United States in terms of growth of GDP per capita. Much stronger employment growth in the United States is the most important reason for the deterioration in Canadian performance with regard to our standard of living.
Cross-country comparisons of productivity are invariably difficult because of differences in methodology. Output and inputs are not always measured in the same way. Comparisons based on labor productivity are the most straightforward. Both statistics Canada and the US Bureau of Labor Statistics report a labor productivity measure for the business sector. In Canada, this calculation excludes a large portion of both health and education sectors; in the United States, it is primarily the public education sector that is excluded. Both countries use hours-worked as a measure of labor input. .
Comparison of the growth in labor productivity in Canada and the United States from 1961 to 1997 shows the two countries with very similar performance. Canada increases slightly faster than the United States in the early years and slightly less in later years, but is still marginally ahead of the United States by 1997 when growth is cumulated over the entire period.
The rate of growth in Canadian GDP per capita in the 1990s was less than a third of its growth rate in the 1980s. Yet the productivity performance of the Canion with the U.S. as a result of the close cross-border relationship, the economic downturn in the United States in 2001 had a negative impact on the Canadian economy.
The study of macroeconomics examines interactions of individuals on a very large scale. ... This paper discusses a few scenarios that we see every day including purchasing groceries, massive layoffs, and decreasing taxes that show the importance of macroeconomics. ... Conclusion Macroeconomics gives us a basic understanding of societal behavior on an overall larger scale. ...
The macroeconomic variables are the independent variables and the stock prices are the dependent variables. The regression will analyse if the stock prices are "dependant- on the macroeconomic variables i.e. is there a statistically significant relationship between stock prices and certain macroeconomic factors. This statistical relationship can be used to deduce if and how macroeconomic factors affect stock market volatility. ... The following are the suggested relationships between stock price and each macroeconomic factor: CPI: The CPI is also a measure of inflation in macroeconomic ...
The region's tradition of macroeconomic stability In a globalised world where market anxieties can spread quickly from one country to another, thus exposing underlying weaknesses and policy inconsistencies, sound prudent macroeconomic management receives even more importance than in the past. ...
The IMF "standard form is a set of quantitative conditions on macroeconomic variables attached to a stand-by agreement."" ... However, in continuing the application of the same conditions designed to regain macroeconomic stability after macroeconomic stability has been restored seems unreasonable. ... This usually requires the same strong macroeconomic medicine for different countries just as doctors prescribe antibiotics for individual cases of pneumonia. ... At that point, macroeconomic concerns should become only one factor along with growth, poverty reduction and public education. This...
International Trade, Exchange Rates and Macroeconomic Policy A Report Contents: • Foreign Trade and the Balance of Payments • Exchange Rates • Babur • Exchange Rate Systems • Net Exports • FOREIGN TRADE & BALANCE OF PAYMENTS FOREIGN TRADE Foreign trade is the exchange of goods and services between different countries. ...
Microeconomic policies are also complementary to the government's macroeconomic strategy. ... For this reason both microeconomic and macroeconomic policies have been the focus of government policy since the 1980s. Realisation that the traditional macroeconomic policies were limited in addressing issues related to current account deficits, low levels of national saving and structural unemployment. ... The objectives of microeconomic reform are also linked to macroeconomic objectives. If microeconomic reforms are successful, they will contribute to a better Australian macroeconomic performa...
In this essay I will be comparing the UK economy with that of the US, based on macroeconomic performance. To begin with I will set out what the most important dimensions in macroeconomic performance are. ... Macroeconomics is the study of the economy as a system . ... A country's macroeconomic performance is based on a variety of factors such as unemployment, exchange rate, inflation, GDP (Gross Domestic produce) etc. ... So there are three dimensions of macroeconomic performance that I feel would be important in assessing a countries macroeconomic performance. ...
Another important macroeconomic factor that should be taken into consideration would be that Tip-Top is one of a number of similar businesses in the local area. This means that they must consider their competitors, making competition another important macroeconomic consideration. ... Distribution channels include direct marketing through stores which are also a macroeconomic factor. ...
Economy 201 - MACROECONOMICS September 24, 2002. 1- Define supply and demand. Define surplus and shortage. In your opinion, is our market system in an equilibrium condition?. Why or why not?. Are you a consumer being satisfied in the market?. Why or why not?. Give examples to support your conc...
As politicians debate how to "spend the surpluses," renewed calls that monetary policy will need to be adjusted to fiscal policy changes represent a replay of monetary/fiscal policy mix framework that has led to macroeconomics policy mistakes in the pas and, if pursued, could again unhinge the foundations for sustained healthy economic expansion. ... Nothing in macroeconomics could be further from the truth, confirmed repeatedly through history. Moreover, the resurfacing of the fiscal/monetary policy mix framework draws the macroeconomics policy debate back into short-run stabilization consid...
