At a time when the Bank is expecting a rotation of demand toward exports and investment, and transformative global trends are placing increasing emphasis on innovation, technology and organizational learning, an understanding of the competitiveness strategies of Canadian firms and the factors...

This paper uses an Okun-type contract paradigm, where price adjustment is costly, due to lack of information. We apply Kennan's (1979) estimation technique to determine the relative price adjustment costs. The results for the Canadian textile industry demonstrate the partial adjustment of prices...