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Total factor productivity growth in the Canadian life insurance industry: 1979-1989

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  • Jeffrey I. Bernstein

Abstract

This is the first paper to directly measure and decompose total factor productivity growth (TFPG) for the Canadian life insurance industry. TFPG averaged 1.0 percent per year over the period from 1979 to 1989, thereby outperforming many manufacturing industries. The rate of TFPG was 0.2 percent in the first half of the 1980's due to the depressed economy and 1.9 percent in the last half of the decade. Technological change was the major element contributing to TFPG. There was a large residual element in the decomposition of TFPG, reflecting possible adjustment costs associated with new information processing technologies.
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Suggested Citation

  • Jeffrey I. Bernstein, 1999. "Total factor productivity growth in the Canadian life insurance industry: 1979-1989," Canadian Journal of Economics, Canadian Economics Association, vol. 32(2), pages 500-517, April.
    • Handle: RePEc:cje:issued:v:32:y:1999:i:2:p:500-517
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    Cited by:

    1. Paul Schreyer, 2001. "Information And Communication Technology And The Measurement Of Volume Output And Final Demand - A Five-Country Study," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 10(5), pages 339-376.
    2. Adnan Kasman & Evrim Turgutlu, 2009. "Total Factor Productivity in the Turkish Insurance Industry," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 16(2), pages 239-247.
    3. W. Diewert & Alice Nakamura, 2003. "Index Number Concepts, Measures and Decompositions of Productivity Growth," Journal of Productivity Analysis, Springer, vol. 19(2), pages 127-159, April.
    4. Ana María Reyna & Hugo J. Fuentes, 2018. "A cost efficiency analysis of the insurance industry in Mexico," Journal of Productivity Analysis, Springer, vol. 49(1), pages 49-64, February.
    5. Arpita Ghose & Chandrima Chakraborti, 2013. "The Relative Role of Imports and Exports in Explaining Productivity of Indian Bio-Pharmaceutical Firms: Evidence from Non Parametric Data Envelopment Analysis," Foreign Trade Review, , vol. 48(2), pages 165-201, May.

    More about this item

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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