Revised Real Canadian GNP Estimates and Canadian Economic Growth, 1870-1926
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, ar e presented. The construction of this revised real GNP series allows for the creation of real output estimates for the major secto rs of the Canadian economy as well as for a new implicit price index series. These revised estimates cast new light on the present understanding of Canadian economic growth and reinforce the view tha t the Canadian wheat boom probably played an important and positive ro le in the process of Canadian economic development. Copyright 1992 by The International Association for Research in Income and Wealth.
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Volume (Year): 38 (1992)
Issue (Month): 4 (December)
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