Annotation 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
Bibliography
Includes bibliographical references (pages 14-15)
Notes
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