The New Economy and Trend Productivity Growth in Canada
This paper reviews the newest developments in our understanding of the New Economy. An emphasis is placed on the American economy, given its role as the leading advanced economy. The paper presents the different views of economists regarding this “unprecedented” performance. The evidence is that...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Centre for the Study of Living Standards
2000-09-01
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| Series: | International Productivity Monitor |
| Subjects: | |
| Online Access: | http://www.csls.ca/ipm/1/sharpe-1-e.pdf |
| _version_ | 1818777238648127488 |
|---|---|
| author | Andrew Sharpe Leila Gharani |
| author_facet | Andrew Sharpe Leila Gharani |
| author_sort | Andrew Sharpe |
| collection | DOAJ |
| description | This paper reviews the newest developments in our understanding of the New Economy. An
emphasis is placed on the American economy, given its role as the leading advanced economy.
The paper presents the different views of economists regarding this “unprecedented”
performance. The evidence is that the United States success story is due to technological
progress in the computer industry which has accelerated significantly in recent years. The point
of discrepancy lies in the extent by which these new technologies have permeated the economy.
The Canadian and European economies are also placed under examination, and their
performances are compared to that of the United States. The most recent evidence suggests that
the Canadian and European economies will see a significant pick-up in productivity growth over
the next decade. In Canada, the productivity numbers for the first half of 2000 point to a revival
in productivity growth. Labor productivity growth rate (business sector output per hour) is
expected to be in the 2.0-2.5 percent range in Canada over the next decade, a doubling of the rate
of growth experienced in the 1980s and the 1990s. |
| first_indexed | 2024-12-18T11:25:39Z |
| format | Article |
| id | doaj.art-a000813bbef94a5ca1fa6b908607aff5 |
| institution | Directory Open Access Journal |
| issn | 1492-9759 1492-9767 |
| language | English |
| last_indexed | 2024-12-18T11:25:39Z |
| publishDate | 2000-09-01 |
| publisher | Centre for the Study of Living Standards |
| record_format | Article |
| series | International Productivity Monitor |
| spelling | doaj.art-a000813bbef94a5ca1fa6b908607aff52022-12-21T21:09:42ZengCentre for the Study of Living StandardsInternational Productivity Monitor1492-97591492-97672000-09-01135The New Economy and Trend Productivity Growth in CanadaAndrew Sharpe0Leila Gharani1Centre for the Study of Living StandardsCentre for the Study of Living StandardsThis paper reviews the newest developments in our understanding of the New Economy. An emphasis is placed on the American economy, given its role as the leading advanced economy. The paper presents the different views of economists regarding this “unprecedented” performance. The evidence is that the United States success story is due to technological progress in the computer industry which has accelerated significantly in recent years. The point of discrepancy lies in the extent by which these new technologies have permeated the economy. The Canadian and European economies are also placed under examination, and their performances are compared to that of the United States. The most recent evidence suggests that the Canadian and European economies will see a significant pick-up in productivity growth over the next decade. In Canada, the productivity numbers for the first half of 2000 point to a revival in productivity growth. Labor productivity growth rate (business sector output per hour) is expected to be in the 2.0-2.5 percent range in Canada over the next decade, a doubling of the rate of growth experienced in the 1980s and the 1990s.http://www.csls.ca/ipm/1/sharpe-1-e.pdfproductivity |
| spellingShingle | Andrew Sharpe Leila Gharani The New Economy and Trend Productivity Growth in Canada International Productivity Monitor productivity |
| title | The New Economy and Trend Productivity Growth in Canada |
| title_full | The New Economy and Trend Productivity Growth in Canada |
| title_fullStr | The New Economy and Trend Productivity Growth in Canada |
| title_full_unstemmed | The New Economy and Trend Productivity Growth in Canada |
| title_short | The New Economy and Trend Productivity Growth in Canada |
| title_sort | new economy and trend productivity growth in canada |
| topic | productivity |
| url | http://www.csls.ca/ipm/1/sharpe-1-e.pdf |
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