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The Integration of the Canadian Productivity Accounts within the System of National Accounts: Current Status and Challenges Ahead

In: A New Architecture for the U.S. National Accounts

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  • John R. Baldwin
  • Tarek M. Harchaoui

Abstract

A statistical agency faces several challenges in building Productivity Accounts. Measures of productivity require that outputs be compared to inputs. During the last forty years, data users in the economics profession have requested an increasingly sophisticated set of productivity measures. What started out as a request for simple ratios of output to employment has moved to a demand for multifactor (total factor) productivity measures that take into account both labour and capital inputs, the compositional changes in both, and price corrections for the changing quality of outputs. The challenge that faces users of productivity measures is that many series often exist within statistical agencies that can be used on an ad hoc basis by outsiders to generate productivity estimates; however, these series often generate conflicting estimates. Only by pulling together data into one coherent consistent framework can the statistical agency solve the problem of 'multiple' stories. This can be done by developing a set of Productivity Accounts that are part of an integrated system of National Accounts. Creating a set of integrated productivity accounts provides a challenge to a statistical agency. Data on outputs and inputs have to be created that are comprehensive in terms of industry coverage, but also that have adequate quality. Labour estimates have to be created that are consistent with the definitions of the SNA but that are also consistent at the industry level with key estimates contained in the National Accounts (e.g., labour income). Investment and capital stock data need to be collected that can be allocated to industries and are consistent with the commodity structure of input/output tables. This paper discusses the challenges that a statistical agency faces in this area -as illustrated by the Canadian experience. First, it examines the progress that has been made in developing a system that integrates the Productivity Accounts into the overall System of National A

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This chapter was published in:

  • Dale Jorgenson & J. Steven Landefeld & William D. Nordhaus, 2006. "A New Architecture for the U.S. National Accounts," NBER Books, National Bureau of Economic Research, Inc, number jorg06-1.
    This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number 0144.

    Handle: RePEc:nbr:nberch:0144

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    1. Dale W. Jorgenson & Kevin J. Stiroh, 2000. "Raising the Speed Limit: U.S. Economic Growth in the Information Age," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 31(1), pages 125-236.
    2. Dale Jorgenson & Mun Ho & Kevin Stiroh, 2003. "Growth of US Industries and Investments in Information Technology and Higher Education," Economic Systems Research, Taylor & Francis Journals, vol. 15(3), pages 279-325.
    3. Frank Gollop & Gregory P. Swinand, 2001. "Total Resource Productivity. Accounting for Changing Environmental Quality," NBER Chapters, in: New Developments in Productivity Analysis, pages 587-608 National Bureau of Economic Research, Inc.
    4. Peter Sutherland, 2003. "The Outlook for World Trade," World Economics, World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 4(3), pages 27-34, July.
    5. Dale W. Jorgenson, 2007. "Information Technology and the G7 Economies," NBER Chapters, in: Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches, pages 325-350 National Bureau of Economic Research, Inc.
    6. Tarkhani, Faouzi & Harchaoui, Tarek, 2004. "Whatever Happened to Canada-United States Economic Growth and Productivity Performance in the Information Age?," Economic Analysis (EA) Research Paper Series 2004025e, Statistics Canada, Analytical Studies Branch.
    7. Baldwin, John R. & Harchaoui, Tarek, 2002. "Productivity Growth in Canada," Productivity Growth in Canada, Statistics Canada, Economic Analysis, number stcb6e, December.
    8. Tarkhani, Faouzi & Jean, Jimmy & Harchaoui, Tarek, 2003. "Prosperity and Productivity: A Canada-Australia Comparison," Economic Analysis (EA) Research Paper Series 2003018e, Statistics Canada, Analytical Studies Branch.
    9. Dale W. Jorgenson, 2001. "Information Technology and the U. S. Economy," Harvard Institute of Economic Research Working Papers 1911, Harvard - Institute of Economic Research.
    10. Dale W. Jorgenson, 2001. "Information Technology and the U.S. Economy," American Economic Review, American Economic Association, vol. 91(1), pages 1-32, March.
    11. Paul Schreyer, 2001. "The OECD Productivity Manual: A Guide to the Measurement of Industry-Level and Aggregate Productivity," International Productivity Monitor, Centre for the Study of Living Standards, vol. 2, pages 37-51, Spring.
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    Cited by:
    1. Maynard, Jean-Pierre, 2007. "Une comparaison du PIB par habitant au Canada et aux Etats-Unis de 1994 a 2005," Apercus sur l'economie canadienne 2007016f, Statistics Canada, Analyse economique.
    2. Burrows, Sean & Beckstead, Desmond & Gellatly, Guy, 2007. "Nouvelle economie: utilisation de l'architecture de la comptabilite nationale pour estimer l'importance de l'economie de haute technologie," L'economie canadienne en transition 2007015f, Statistics Canada, Analyse economique.
    3. Burrows, Sean & Beckstead, Desmond & Gellatly, Guy, 2007. "New Economy: Using National Accounting Architecture to Estimate the Size of the High-technology Economy," The Canadian Economy in Transition 2007015e, Statistics Canada, Economic Analysis.
    4. Maynard, Jean-Pierre, 2007. "A Comparison of GDP Per Capita in Canada and the United States from 1994 to 2005," Insights on the Canadian Economy 2007016e, Statistics Canada, Economic Analysis.
    5. Maynard, Jean-Pierre, 2005. "La mesure annuelle du volume de travail selon l'experience canadienne," Analyse economique : documents sur la methodologie - Comptes nationaux 2005005f, Statistics Canada, Analyse economique.
    6. Maynard, Jean-Pierre, 2005. "Annual Measure of the Volume of Work Consistent with the SNA: The Canadian Experience," Economic Analysis Methodology Paper Series: National Accounts 2005005e, Statistics Canada, Economic Analysis.

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