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Record W2738836801

Financial Services Reform: Why Productivity Matters

2006· article· en· W2738836801 on OpenAlexaboutno aff
Finn Poschmann

Bibliographic record

Venuenot available
Typearticle
Languageen
FieldSocial Sciences
TopicCanadian Policy and Governance
Canadian institutionsnot available
Fundersnot available
KeywordsProductivityEconomicsFinancial servicesLabour economicsRecessionFinanceGoods and servicesPaceEconomic policyBusinessEconomic growthEconomyMacroeconomics
DOInot available

Abstract

fetched live from OpenAlex

plans for financial services legislative renewal, the rest of us ought to spare a thought for the government’s languishing “productivity agenda. “ Could the white paper set the stage for action on productivity in Finance Minister Jim Flaherty’s own bailiwick? It should, because smartly delivered financial intermediation is extraordinarily important to our economy and a vital policy goal. Growing productivity, or the value of output per hour of work, is key to rising wages and living standards; hence the past decade’s languid productivity performance partly explains slow growth in Canadians ’ incomes and household spending.1 While Canada’s persistently strong labour market is good news, growth in real output per hour has been slow compared to other developed countries, with our performance over the years 2000 to 2004 putting us at 24th of 29 OECD countries. Both total output and Canadian incomes have increased at a resolutely middling pace (Table 1).2 Against that lackluster backdrop, the 2005 figures provide a few surprises, including an unpleasant one from the financial services sector. Some sectors are looking strong on the productivity front — manufacturing recorded its sixth consecutive quarter of labour productivity growth running above 4 percent. However, the broad financial services sector showed a surprisingly weak result, with its fifth consecutive quarter of declining labour productivity (Figure 1).3 If financial sector productivity had kept pace with the rest of the economy in 2005, the headline growth rate would have been about 0.2 percentage points higher on e-briefC.D. Howe InstituteInstitut C.D. Howe

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.020
metaresearch head score (Gemma)0.071
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: Not applicable
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.950
Threshold uncertainty score0.166

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0200.071
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0040.005
Science and technology studies0.0060.012
Scholarly communication0.0160.018
Open science0.0020.005
Research integrity0.0100.011
Insufficient payload (model declined to judge)0.0500.007

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.007
GPT teacher head0.239
Teacher spread0.232 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2006
Admission routes1
Has abstractyes

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