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Tales From Two Neighbors: Productivity Growth in Canada and the United States
Author:
Mr. Martin D. Cerisola
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Mr. Jorge A Chan-Lau
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Series:
IMF Working Papers
Volume/Issue:
Volume 2000: Issue 169
Language:
English
Publication Date:
01 Oct 2000
DOI:
https://doi.org/10.5089/9781451858334.001
ISBN:
9781451858334
ISSN:
1018-5941
Pages:
23
Keywords:
WP; productivity growth; TFP growth; Productivity; Equipment Investment; General Equilibrium Model; Canada; United States; productivity slowdown; growth in Canada; productivity trend; productivity recovery; productivity boom; productivity change; levels vis-a-vis; productivity growth in Canada; Total factor productivity; Stocks; Emerging technologies
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2000: Issue 169