Philip’s economic commentary

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The use of multiplicative decompositions in economic analysis
Multiplicative decompositions are often used in economics, although they may not always be thought of as such.
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Philip Smith
Real GDP per capita vs real HDI per capita since 2019
Why have they evolved so differently? What are the implications?
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Philip Smith
5
An interesting and not widely understood aspect of the Labour Force Survey
1.
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Philip Smith
Accounting for the decline of Canada's real GDP per capita since mid 2022
This paper offers an explanation as to why Canada’s real GDP per capita has been declining since mid 2022.
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Philip Smith
1
Assessing Canada's potential output growth
The recent surge in population growth and prolonged weakness in labour productivity make it difficult to discern Canada's potential economic growth at…
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Philip Smith
2
What can be done to reverse the decline of Canada's real GDP per capita?
There has been much concern among economists and policymakers in Canada recently about the decline in real GDP per capita since mid 2022.
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Philip Smith
5
What drives changes in real GDP per capita?
Economists often use the trend in real GDP per capita as a rough proxy for the trend in overall welfare.
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Philip Smith
4
Interpreting recent productivity performance in Canada
Exploring why productivity has been decreasing recently
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Philip Smith
2
The state of the Canadian household sector
Coping with higher interest rates and real wage losses due to unanticipated inflation, are households approaching a crisis or are they still in…
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Philip Smith
1
Productivity performance in Canada compared to other developed countries
How has Canada fared when juxtaposed with similar economies?
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Philip Smith
Canada's recent strong population growth in perspective
An exploration of the relative roles of births, deaths, immigration, emigration and non-permanent residents in ten charts
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Philip Smith
1
Canada's economic outcome in 2022
Canadian GDP growth was quite strong in 2022. Here is a quick review of what happened to production across provinces and territories and industries
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Philip Smith
Philip’s economic commentary
Philip’s economic commentary
Providing insights about latest developments in the Canadian economy, well illustrated with colourful charts and tables
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