A competitive general equilibrium models is constructed and used to identify sources of productivity growth in Canada and to quantify their importance. The model also provides procefures for consturcting various economic time series. We find that periods of low productivity growth correspond to periods of high investment-specific technological change or high rates of technology embodiment.
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Paper provided by University of Guelph, Department of Economics in its series Working Papers with number
2000-9.
Find related papers by JEL classification: D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity O33 - Economic Development, Technological Change, and Growth - - Technological Change - - - Technological Change: Choices and Consequences; Diffusion Processes O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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