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.
List of tables; Acknowledgements; Part I. Introduction: 1. Theoretical framework; 2. An evaluation of the traditional and new measures of multifactor productivity; 3. Some critical evaluations of the new measures; 4. Canadian input-output accounts and data base for MFP; 5. Estimation of the rates of growth of MFP by industry; 6. Multifactor productivity, measures of structural change, and the productivity of labour; 7. Measures of multifactor productivity for the aggregate economy; 8. Summary and conclusion; Appendices; Bibliography; Indexes.