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Centre for the Study of Living Standards

Centre for the Study of Living Standards

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Published by: sanjeebmantu on Mar 11, 2010
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05/24/2012

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Centre for the Study of Living Standards
111 Sparks Street, Suite 500Ottawa, Ontario K1P 5B5613-233-8891 Fax 613-233-8250csls@csls.ca
Productivity: Key to Economic Success
March 1998Report prepared by the Centre for the Study of Living Standards forThe Atlantic Canada Opportunities Agency
 
Productivity: Key to Economic Success
Table of Contents
List of Tables........................................................iiiList of Figures and Charts..............................................ivList of Tables in Appendix...............................................vExecutive Summary....................................................11.Introduction......................................................5II.An Overview of the Productivity Trends and Definitions.....................7A. Productivity Definitions and Measurement.............................7i ) productivity definitions......................................7ii ) productivity measurement....................................8B. Basic Data on Productivity Levels and Growth Rates...................13i ) aggregate trends..........................................13ii ) productivity by sector......................................17iii) productivity by region......................................23III.Determinants of Productivity Growth in the Canadian Context...............24A. Natural Resources.............................................24B. Industrial Structure and Intersectoral Shifts.........................24C. Capital Accumulation..........................................26D. Rate of Technological Progress.................................. 27E. Labor Quality................................................27F. Macroeconomic Environment....................................29G. Microeconomic Environment....................................30IV.Key Issues in the Productivity Literature...............................31A. The Computer Paradox.........................................31B. The Relationship Between Employment and Productivity...............37C. The Link Between Productivity and International Competitiveness........38i
 
V.Actions and Policies to Improve Productivity...........................40A. Private Sector Actions.........................................40B. Government Policies...........................................41i.) framework policies.........................................41ii.) policies directly affecting productivity..........................42VI.Conclusion.....................................................45VII. Selected Bibliography.............................................46Appendix I - Frameworks for Analyzing Productivity Growth..................56A. Trend and Cyclical Behaviour of Productivity.........................56B. The Growth Accounting Methodology..............................57C. The New Knowledge-based Growth Theory..........................58Appendix II - Additional Issues in the Productivity Literature..................61A. The Post-1973 Productivity Slowdown..............................61B. Productivity Convergence........................................62C. The Measurement of Service Sector Productivity......................63D. Real Wages and Productivity.....................................64E. The Contribution of Productivity to the East Asia Miracle................67Appendix III - Statistical and Conceptual Issues in Productivity Measurement......69Appendix Tablesii

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