Recent Productivity Developments in Canada and the United States: Productivity Growth Deceleration versus Acceleration
Since 2000, productivity growth in Canada and the United States have followed markedly different paths. In the second article, Andrew Sharpe of the Centre for the Study of Living Standards finds that the remarkable productivity growth experienced in the United States in the past two years is most likely evidence of a post- 2000 productivity growth acceleration, similar to the post-1995 acceleration. The source of this second acceleration appears to be the rapid pace of technological change, fostered by pressures on firms to cut costs, organizational changes that allow the productivity-enhancing potential of ICTs to be realized, and the cheapening of the price of capital goods relative to labour. In contrast, productivity growth in Canada decelerated after 2000. The source of the difference with the U.S. performance has been the labour market, with employment declining in the United States but showing strong increases in Canada. Sharpe states that Canada’s poor productivity growth since 2000 has largely been a cyclical phenomenon, and that Canadian productivity growth should rebound as the economy recovers.
Volume (Year): 8 (2004)
Issue (Month): (Spring)
|Contact details of provider:|| Postal: |
Web page: http://www.csls.ca/Email:
More information through EDIRC
|Order Information:|| Web: http://www.csls.ca Email: |
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.:
- Jeremy Smith, 2004. "Assessing Aggregate Labour Productivity Trends in Canada and the United States: Total Economy versus Business Sector Perspectives," International Productivity Monitor, Centre for the Study of Living Standards, vol. 8, pages 47-58, Spring.
When requesting a correction, please mention this item's handle: RePEc:sls:ipmsls:v:8:y:2004:2. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Whitney Hamilton)The email address of this maintainer does not seem to be valid anymore. Please ask Whitney Hamilton to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.