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Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
Bank of Canada Staff Working Paper No. 2015-45
Verlag: 
Bank of Canada, Ottawa
Zusammenfassung: 
We estimate the link between exchange rate fluctuations and the labour input of Canadian manufacturing industries. The analysis is based on a dynamic model of labour demand, and the econometric strategy employs a panel two-step approach for cointegrating regressions. Our data are drawn from a panel of 20 manufacturing industries from the KLEMS database and cover a long sample period that includes two full cycles of appreciation and depreciation of the Canadian dollar. Our results indicate that exchange rate fluctuations have significant long-term effects on the labour input of Canada's manufacturing industries, that these effects are stronger for trade-oriented industries, and that these long-term impacts materialize only gradually following shocks.
Schlagwörter: 
Exchange rates
Exchange rate regimes
Econometric and statistical methods
Labour markets
Recent economic and financial developments
JEL: 
E24
F14
F16
F31
F41
J23
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Dokumentart: 
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