Investment and Long-term Productivity Growth in the Canadian Business Sector, 1961 to 2002

The Canadian Productivity Review, Catalogue No. 15-206-XIE, No. 006, June 2007

72 Pages Posted: 18 Nov 2009

See all articles by John R. Baldwin

John R. Baldwin

Statistics Canada - Microeconomic Analysis Division

Wulong Gu

Government of Canada - Micro-Economic Analysis Division

Date Written: January 12, 2007

Abstract

This paper employs the databases that are used to construct Statistics Canada’s Productivity Accounts to examine the sources of growth in the Canadian economy and the history of productivity growth in Canada over the period 1961 to 2002. It makes use of a new time series using the North American Industry Classification System. The growth accounting system provides the framework for the analysis. This framework provides estimates of the relative importance of labour inputs, investments in capital, and productivity growth. The data that are required to address this issue also allow changes in the composition of capital and labour inputs to be investigated. In addition, the underlying factors that determine labour productivity (multifactor productivity, capital deepening, and increases in skill level) are outlined. Since the database is constructed at the industry level, all these relationships can be pursued both at the level of the total economy and for individual industries.

Keywords: productivity, investment, technological progress

JEL Classification: D24, J24, O47, E22

Suggested Citation

Baldwin, John R. and Gu, Wulong, Investment and Long-term Productivity Growth in the Canadian Business Sector, 1961 to 2002 (January 12, 2007). The Canadian Productivity Review, Catalogue No. 15-206-XIE, No. 006, June 2007, Available at SSRN: https://ssrn.com/abstract=1507751 or http://dx.doi.org/10.2139/ssrn.1507751

John R. Baldwin

Statistics Canada - Microeconomic Analysis Division ( email )

24 Floor - R.H.Coats Building
Tunney's Pasture
Ottawa, Ontaria K1A 0T6
Canada
613-951-8588 (Phone)
613-951-5403 (Fax)

Wulong Gu (Contact Author)

Government of Canada - Micro-Economic Analysis Division ( email )

24 Floor - R.H.Coats Building
Tunney's Pasture
Ottawa, Ontaria K1A 0T6
Canada

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