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|z 9781451962048
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|a 1018-5941
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|a Estevao, Marcello.
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|a Canada's Potential Growth :
|b Another Victim of the Crisis? /
|c Marcello Estevao, Evridiki Tsounta.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2010.
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|a 1 online resource (29 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple accounting framework to decompose trend GDP growth into changes in capital, labor services and total factor productivity, we find a sizeable drop in Canadian potential growth in the short term. The estimated decline of about 1 percentage point originates from a sharply decelerating capital stock accumulation (as investment has dropped steeply) and a rising long-term unemployment rate (which would raise equilibrium unemployment rates). However, over the medium term, we expect Canada's potential GDP growth to gradually rise to around 2 percent, below the pre-crisis growth rate, mostly reflecting the effects of population aging and a secular decline in average working hours.
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|a Mode of access: Internet
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|a Tsounta, Evridiki.
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|a IMF Working Papers; Working Paper ;
|v No. 2010/013
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2010/013/001.2010.issue-013-en.xml
|z IMF e-Library
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