Lessons for Canada from the U.S. Growth Resurgence

Dale Jorgenson, Mun Ho and Kevin J. Stiroh

International Productivity Monitor, 2003, vol. 6, 3-18

Abstract: The economic development in the 1990s with the most important long-term consequences was the acceleration of productivity growth in the United States after 1995. In this article, Dale W. Jorgenson of Harvard University, Mun S. Ho from Resources for the Future, and Kevin J. Stiroh of the Federal Reserve Bank of New York provide a detailed account of this growth resurgence in the United States, reflecting both an productivity acceleration and greater hours worked and project U.S. output growth, and comment on lessons for Canada. They conclude that the U.S. productivity revival is likely to remain intact for the intermediate future. They point out that information technology investment reflects the overall momentum of the economy and there is no implication from the U.S. experience that Canadian firms have invested too little in this area.

Keywords: Productivity; Canada; Growth; ICT; Information; Communication; Technology; Resurgence; Post-1995; Acceleration; Projection (search for similar items in EconPapers)
JEL-codes: D24 J24 L86 O30 O51 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (12)

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