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Potential output growth: Some long-term projections

John Kuszczak and Richard Dion
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Richard Dion: Bank of Canada, https://www.bankofcanada.ca/

Bank of Canada Review, 1998, vol. 1997-1998, issue Winter, 43-59

Abstract: This article examines factors that have affected the growth of potential output since the 1950s and presents three possible scenarios for its growth in the future. The authors conclude that there will be a marked slowing in the future growth of potential output as a result of slow population growth and a reduction in labour force participation as the population ages.

Date: 1998
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