A Perspective on Future Productivity Growth in Canada
In the first contribution to the Symposium included in this volume on Future Productivity Growth in Canada, Thomas Wilson of the University of Toronto presents forecasts based on the FOCUS macroeconometric model of the Canadian economy. This model projects labour productivity growth to grow at an average annual rate of 1.7 per cent over the 2002-2025 period. Wilson is somewhat more optimistic, seeing labour productivity growth of around 2 per cent per year. Reasons behind his more rosy scenario include a greater pace of capital deepening due to much slower labour force growth, the realization of productivity gains from past investments in information and communications technologies, a mitigation of future business cycles due to greater use of automatic stabilizers, and continued benefits from trade liberalization.
Volume (Year): 7 (2003)
Issue (Month): (Fall)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Gu, Wulong & Baldwin, John R., 2003. "Participation in Export Markets and Productivity Performance in Canadian Manufacturing," Economic Analysis (EA) Research Paper Series 2003011e, Statistics Canada, Analytical Studies Branch.
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- Tiff Macklem, 2003. "Future Productivity Growth in Canada: Comparing to the United States," International Productivity Monitor, Centre for the Study of Living Standards, vol. 7, pages 50-57, Fall.
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