A Revision of Canadian Economic Growth, 1870-1910: A Critique of the Gradualist Approach
Canadian Journal of Economics/Revue canadienne d'économique, Vol. 20, pp. 86-113, 1987
Posted: 14 Jan 2010
Date Written: 1987
The author presents revised estimates of real gross manufacturing output and growth. Also, for the first time, estimates are presented for real value added: (1) in manufacturing; (2) per capita; and (3) per employee in manufacturing, and their corresponding growth rates. These estimates involve the use of existing price indices and new ones constructed for this study. Details on the construction of these indices and output estimates are also presented. The results of this paper refute the received view that Canada's manufacturing sector sustained steady and relatively vigorous growth over the period 1870- 1910. Findings suggest that the growth performance of Canada's manufacturing sector became substantive only at the turn of the twentieth century with the arrival of the wheat boom.
Keywords: Output, Growth, Manufacturing, Price indices, Wheat boom
JEL Classification: O40, N11
Suggested Citation: Suggested Citation