Economic Growth and Development in Early Canada

Morris Altman ()

Chapter Chapter 3 in Lessons from a Successfully Export-Oriented, Resource-Rich Economy, 2022, pp 59-95 from Springer

Abstract: Abstract For the first time, estimates of real gross domestic product, per capita GDP, and growth rates for early Canada or New France are constructed for the 1695–1739. This is made possible by the fairly comprehensive and accurate censuses, particularly from 1680 to 1739 period. These estimates challenge the view that early Canada’s economy was stagnant and relatively impoverished and present this colony relatively well off compared to the British American colonies. Exports played an important role here. But fundamentally important was the ability of Early to positively respond to the challenge of an increasing population and expanding export markets. Ultimately, it is this flexibility that indicates the relatively robust nature of early Canada’s economy.

Date: 2022
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DOI: 10.1007/978-3-031-03887-7_3

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