Tales From Two Neighbors: Productivity Growth in Canada and the United States
October 1, 2000
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Summary
This paper assesses productivity trends in Canada vis-a-vis the United States from two perspectives. The first one is based on estimates of total factor productivity. The second one decomposes productivity growth into two sources: investment-specific technical change, associated with improvements in the quality of the capital stock, and neutral technical change, associated with the organization of productive activities. The results indicate that investment-specific technical change is the major underlying cause of the pickup in productivity in Canada and the narrowing of the productivity gap with the United States.
Subject: Consumption, Emerging technologies, Financial institutions, Labor, Production, Productivity, Stocks, Technology, Total factor productivity
Keywords: Canada, Emerging technologies, Equipment Investment, General Equilibrium Model, growth in Canada, levels vis-a-vis, Productivity, productivity boom, productivity change, productivity growth, productivity growth in Canada, productivity recovery, productivity slowdown, productivity trend, Stocks, TFP growth, Total factor productivity, United States, WP
Pages:
23
Volume:
2000
DOI:
Issue:
169
Series:
Working Paper No. 2000/169
Stock No:
WPIEA1692000
ISBN:
9781451858334
ISSN:
1018-5941
