Tales From Two Neighbors: Productivity Growth in Canada and the United States

Martin Cerisola and Jorge Chan-Lau

No 2000/169, IMF Working Papers from International Monetary Fund

Abstract: This paper assesses productivity trends in Canada vis-a-vis the United States from two perspectives. The first one is based on estimates of total factor productivity. The second one decomposes productivity growth into two sources: investment-specific technical change, associated with improvements in the quality of the capital stock, and neutral technical change, associated with the organization of productive activities. The results indicate that investment-specific technical change is the major underlying cause of the pickup in productivity in Canada and the narrowing of the productivity gap with the United States.

Keywords: WP; productivity growth; TFP growth; Productivity; Equipment Investment; General Equilibrium Model; Canada; United States; productivity slowdown; growth in Canada; productivity trend; productivity recovery; productivity boom; productivity change; levels vis-a-vis; productivity growth in Canada; Total factor productivity; Stocks; Emerging technologies (search for similar items in EconPapers)
Pages: 23
Date: 2000-10-01
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