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The Contribution of Small and Medium-sized Businesses to Gross Domestic Product: A Canada-United States Comparison

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Author Info

  • Rispoli, Luke
  • Leung, Danny

Abstract

Adopting the methodology used to produce estimates of gross domestic product (GDP) by size for the United States, this paper estimates GDP for small and medium-sized businesses versus large businesses for the Canadian non-agricultural business sector in 2005. In the entire non-agricultural business sector, small and medium-sized businesses with less than 500 employees account for 54.2% of GDP in Canada and for 50.7% of GDP in the United States. When two industries with heavy government ownership in Canada (health and education) are excluded, the results are 52.9% and 50.3%, respectively.

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Bibliographic Info

Paper provided by Statistics Canada, Analytical Studies Branch in its series Economic Analysis (EA) Research Paper Series with number 2011070e.

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Date of creation: 13 Jun 2011
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Handle: RePEc:stc:stcp5e:2011070e

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Related research

Keywords: Business performance and ownership; Economic accounts; Gross domestic product; Small and medium-sized businesses;

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Cited by:
  1. Elena Simonova & Rock Lefebvre & Kevin Girdharry, 2011. "Does Canada Have a Problem with Occupational Fraud?," Working Papers, Certified General Accountants Association of Canada 111206, Certified General Accountants Association of Canada.

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