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Revised Real Canadian Gnp Estimates And Canadian Economic Growth, 1870–1926

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  • Morris Altman

Abstract

Revised Canadian real GNP estimates for the 1870–1926 period, based on the nominal GNP estimates constructed by M. C. Urquhart and on a variety of sector‐specific price indexes, are presented below. The construction of this revised real GNP series allows for the creation of real output estimates for the major sectors of the Canadian economy as well as for a new implicit price index series. These revised estimates cast new light on our present understanding of Canadian economic growth and reinforce the view that the Canadian wheat boom probably played an important and positive role in the process of Canadian economic development.

Suggested Citation

  • Morris Altman, 1992. "Revised Real Canadian Gnp Estimates And Canadian Economic Growth, 1870–1926," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 38(4), pages 455-474, December.
    • Handle: RePEc:bla:revinw:v:38:y:1992:i:4:p:455-474
    DOI: 10.1111/j.1475-4991.1992.tb00455.x
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    Cited by:

    1. Wallace, Myles S & Choudhry, Taufiq, 1995. "The gold standard: Perfectly integrated world markets or slow adjustment of prices and interest rates?," Journal of International Money and Finance, Elsevier, vol. 14(3), pages 349-371, June.
    2. Livio Di Matteo, 2008. "Wealth accumulation motives: evidence from the probate records of Ontario, 1892 and 1902," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 2(2), pages 143-171, July.

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