On Concepts and Measures of Multifactor Productivity in Canada, 1961-1980

This book presents new estimates of the sources of economic growth in Canada. The experimental measures account for the reproducibility of capital inputs in an input-output framework and show that advances in technology are more important for economic growth than previously estimated. Traditional measures of multifactor productivity advance are also presented. Extensive comparisons relate the two approaches to each change and labour productivity. The book will be of interest to macroeconomists studying economic growth, capital accumulation, technical advance, growth accounting, and input-output analysis. This book presents new estimates of the sources of economic growth in Canada. The experimental measures account for the reproductibility of capital inputs in an input-output framework and show that advances in technology are more important for economic growth than previously estimated. Traditional measures of multifactor productivity advance are also presented. Extensive comparisons relate the two approaches to each other and to a range of measures of structural change and labor productivity.

The book will be of interest to macroeconomists studying economic growth, capital accumulation, technical advance, growth accounting, and input-output analysis.

The study of economic growth focusses primarily on capital accumulation and advances in productivity. Alexandra Cas, Thomas K. Rymes. Includes Bibliographical References (p. 243-249) And Indexes.