This article compares the productivity growth of a set of Canadian
and U.S. regulated industries. Using data from Statistics Canada's
KLEMS database and the U.S. Bureau of Economic Analysis, the article
examines productivity growth in transportation services (which includes
air, rail, and other transportation services), broadcasting and
telecommunications, cultural industries (which include publishing and
information services, and motion pictures and sound recording), and
financial services (which includes financial intermediation and
insurance) over the period from 1977 to 2006. These industries provide
the foundational networks on which other industries rely. In 1977, they
were quite heavily regulated in Canada. They experienced deregulation
after 1977, but still faced various types of regulation in 2006.
Deregulation also occurred in the United States, but regulation has
generally been less restrictive in that country over the period.