Canadas Productivity Performance PDF Download

This study discuses issues and problems associated with international productivity and real income comparisons. It reviews the trends in Canada's productivity and the trends in Canada's labour productivity and real income performance, relative to other G-7 countries with special reference to the United States. It also outlines the theoretical underpinnings of an econometric model to explain productivity growth and gives a brief summary of regression results for Canada, the United States, Japan, and West Germany. It analyzes the causes of the slowdown in Canadian productivity since 1973 using the estimated equations. In addition, it examines the reasons for Canada's poor manufacturing productivity performance relative to that of the major economies and summarizes the findings of the study.