This paper offers an explanation as to why Canada’s real GDP per capita has been declining since mid 2022. The interpretation is summarized in the above chart and is motivated and explained below. Introduction Real gross domestic product (GDP) per capita (or real domestic income per capita), defined as GDP with inflation removed and divided by the total population, is an important indicator of changes in Canadians’ well-being through time.
I found your analysis very interesting. Your choice of focusing after mid-2022 is understandable.
However, I wonder if a longer term analysis of the effect of %NPR on productivity wouldn't be interesting. From looking at the graphs, the first major leg down from the US was in the late 80's when there was a coincident rise in NPR as a percentage. Understanding this could help longer term policy prescriptions.
I found your analysis very interesting. Your choice of focusing after mid-2022 is understandable.
However, I wonder if a longer term analysis of the effect of %NPR on productivity wouldn't be interesting. From looking at the graphs, the first major leg down from the US was in the late 80's when there was a coincident rise in NPR as a percentage. Understanding this could help longer term policy prescriptions.