A Detailed Analysis of Newfoundland and Labrador's Productivity Performance, 1997-2010: The Impact of the Oil Boom
Propelled by the mining and oil and gas sector, Newfoundland and Labrador’s economy experienced impressive growth in the past decade. During the 1997-2010 period, real GDP in the province's business sector increased at nearly twice the rate of Canada's, while the province's labour pro...
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ftrepec:oai:RePEc:sls:resrep:1301 2023-05-15T17:16:43+02:00 A Detailed Analysis of Newfoundland and Labrador's Productivity Performance, 1997-2010: The Impact of the Oil Boom Andrew Sharpe Etienne Grand'Maison http://www.csls.ca/reports/csls2013-05.pdf unknown http://www.csls.ca/reports/csls2013-05.pdf preprint ftrepec 2020-12-04T13:31:02Z Propelled by the mining and oil and gas sector, Newfoundland and Labrador’s economy experienced impressive growth in the past decade. During the 1997-2010 period, real GDP in the province's business sector increased at nearly twice the rate of Canada's, while the province's labour productivity growth was more than three times greater than Canada's. This report provides a detailed analysis of Newfoundland and Labrador's labour, capital and multifactor productivity performance and the factors behind this performance. It identifies the province’s shift to high-productivity oil extraction activities as the main factor responsible for this remarkable productivity growth while also discussing the positive spill-over effects that this shift has had on Newfoundland and Labrador's economy as a whole. Report Newfoundland RePEc (Research Papers in Economics) |
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Propelled by the mining and oil and gas sector, Newfoundland and Labrador’s economy experienced impressive growth in the past decade. During the 1997-2010 period, real GDP in the province's business sector increased at nearly twice the rate of Canada's, while the province's labour productivity growth was more than three times greater than Canada's. This report provides a detailed analysis of Newfoundland and Labrador's labour, capital and multifactor productivity performance and the factors behind this performance. It identifies the province’s shift to high-productivity oil extraction activities as the main factor responsible for this remarkable productivity growth while also discussing the positive spill-over effects that this shift has had on Newfoundland and Labrador's economy as a whole. |
format |
Report |
author |
Andrew Sharpe Etienne Grand'Maison |
spellingShingle |
Andrew Sharpe Etienne Grand'Maison A Detailed Analysis of Newfoundland and Labrador's Productivity Performance, 1997-2010: The Impact of the Oil Boom |
author_facet |
Andrew Sharpe Etienne Grand'Maison |
author_sort |
Andrew Sharpe |
title |
A Detailed Analysis of Newfoundland and Labrador's Productivity Performance, 1997-2010: The Impact of the Oil Boom |
title_short |
A Detailed Analysis of Newfoundland and Labrador's Productivity Performance, 1997-2010: The Impact of the Oil Boom |
title_full |
A Detailed Analysis of Newfoundland and Labrador's Productivity Performance, 1997-2010: The Impact of the Oil Boom |
title_fullStr |
A Detailed Analysis of Newfoundland and Labrador's Productivity Performance, 1997-2010: The Impact of the Oil Boom |
title_full_unstemmed |
A Detailed Analysis of Newfoundland and Labrador's Productivity Performance, 1997-2010: The Impact of the Oil Boom |
title_sort |
detailed analysis of newfoundland and labrador's productivity performance, 1997-2010: the impact of the oil boom |
url |
http://www.csls.ca/reports/csls2013-05.pdf |
genre |
Newfoundland |
genre_facet |
Newfoundland |
op_relation |
http://www.csls.ca/reports/csls2013-05.pdf |
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1766081877989392384 |