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What is Restraining Non-Energy Export Growth?

Author: Dany Brouillette; José Dorich; Chris D'Souza
Publisher: Ottawa, ON, CA : Bank of Canada, 2018.
Series: Staff Analytical Note/Note analytique du personnel, 2018-25.
Edition/Format:   eBook : Document : National government publication : EnglishView all editions and formats
Summary:
"This note summarizes the key findings from Bank of Canada staff analytical work examining the reasons for the recent weakness in Canadian non-energy exports. Canada steadily lost market share in US non-energy imports between 2002 and 2017, mostly reflecting continued and broad-based competitiveness losses. In addition to this evidence from the demand side, industry analysis points to supply constraints that are  Read more...
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Genre/Form: Electronic books
Material Type: Document, Government publication, National government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Dany Brouillette; José Dorich; Chris D'Souza
OCLC Number: 1057852610
Language Note: Includes abstracts in English and French.
Description: 1 online resource (20 pages).
Series Title: Staff Analytical Note/Note analytique du personnel, 2018-25.
Responsibility: Dany Brouillette.
More information:

Abstract:

"This note summarizes the key findings from Bank of Canada staff analytical work examining the reasons for the recent weakness in Canadian non-energy exports. Canada steadily lost market share in US non-energy imports between 2002 and 2017, mostly reflecting continued and broad-based competitiveness losses. In addition to this evidence from the demand side, industry analysis points to supply constraints that are limiting export growth, such as physical capacity and shortages of skilled labour. Transportation bottlenecks, environmental and regulatory changes, and the inability to source raw materials also appear to be limiting export growth in some industries. Evidence suggests supply-side capacity constraints at the industry level as well. These constraints mainly reflect a decline in the factors of production, such as labour input and capital stock, which are likely related to the ongoing competitiveness losses."

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