Accounting For Canada¡¯S Economic Growth
A dynamic stochastic general equilibrium model is constructed and calibrated to the Canadian economy. Technology disturbances from the Canadian economy are filtered through the model and used to generate artificial time series. Output growth in the model is then decomposed into the share weighted growth rates of the factor inputs and productivity. The model is then used to identify the endogenous responses of the factor inputs to the technology disturbances. The results suggest that much of the slowdown observed in Canadian output growth since 1974 can be explained by fluctuations in the rates of investment-specific and residual-neutral technological change.
Volume (Year): 28 (2003)
Issue (Month): 2 (December)
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- Carlaw, K. & Kosempel, S., 2000. "The Sources of Productivity Growth in Canada," Working Papers 2000-9, University of Guelph, Department of Economics and Finance, revised 2003.