Aggregate Measures of Income and Output in Canada and the United States: Implications for Productivity and Living Standards
The objectives of this article are to clarify definitions and to produce estimates of the eight aggregate measures of income and product (gross domestic product, gross domestic income, gross national product, gross national income, net domestic product, net domestic income, net national product and...
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| Format: | Article |
| Language: | English |
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Centre for the Study of Living Standards
2010-04-01
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| Series: | International Productivity Monitor |
| Subjects: | |
| Online Access: | http://www.csls.ca/ipm/19/IPM-19-ross-murray.pdf |
| _version_ | 1819103497765781504 |
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| author | Chris Ross Alexander Murray |
| author_facet | Chris Ross Alexander Murray |
| author_sort | Chris Ross |
| collection | DOAJ |
| description | The objectives of this article are to clarify definitions and to produce estimates of the eight aggregate measures of income and product (gross domestic product, gross domestic income, gross national product, gross national income, net domestic product, net domestic income, net national product and net national income) for Canada and the United States over the 1980-2008 period. The article also discusses the implications of the eight measures for productivity and living standards analysis. It concludes that GDP and NDP are the most appropriate measures of output for productivity analysis, while NNI is the most appropriate measure of income for the analysis of living standards because it captures the impact on real income of terms of trade changes, net income received from abroad, and the sustainability of the capital stock. |
| first_indexed | 2024-12-22T01:51:24Z |
| format | Article |
| id | doaj.art-b25f18316155478d942a4e2f96a04131 |
| institution | Directory Open Access Journal |
| issn | 1492-9759 1492-9767 |
| language | English |
| last_indexed | 2024-12-22T01:51:24Z |
| publishDate | 2010-04-01 |
| publisher | Centre for the Study of Living Standards |
| record_format | Article |
| series | International Productivity Monitor |
| spelling | doaj.art-b25f18316155478d942a4e2f96a041312022-12-21T18:42:54ZengCentre for the Study of Living StandardsInternational Productivity Monitor1492-97591492-97672010-04-01192039Aggregate Measures of Income and Output in Canada and the United States: Implications for Productivity and Living StandardsChris Ross0Alexander Murray1University of TorontoCentre for the Study of Living StandardsThe objectives of this article are to clarify definitions and to produce estimates of the eight aggregate measures of income and product (gross domestic product, gross domestic income, gross national product, gross national income, net domestic product, net domestic income, net national product and net national income) for Canada and the United States over the 1980-2008 period. The article also discusses the implications of the eight measures for productivity and living standards analysis. It concludes that GDP and NDP are the most appropriate measures of output for productivity analysis, while NNI is the most appropriate measure of income for the analysis of living standards because it captures the impact on real income of terms of trade changes, net income received from abroad, and the sustainability of the capital stock.http://www.csls.ca/ipm/19/IPM-19-ross-murray.pdfgdpgdignpgninet domestic productincomeproductivityliving standards |
| spellingShingle | Chris Ross Alexander Murray Aggregate Measures of Income and Output in Canada and the United States: Implications for Productivity and Living Standards International Productivity Monitor gdp gdi gnp gni net domestic product income productivity living standards |
| title | Aggregate Measures of Income and Output in Canada and the United States: Implications for Productivity and Living Standards |
| title_full | Aggregate Measures of Income and Output in Canada and the United States: Implications for Productivity and Living Standards |
| title_fullStr | Aggregate Measures of Income and Output in Canada and the United States: Implications for Productivity and Living Standards |
| title_full_unstemmed | Aggregate Measures of Income and Output in Canada and the United States: Implications for Productivity and Living Standards |
| title_short | Aggregate Measures of Income and Output in Canada and the United States: Implications for Productivity and Living Standards |
| title_sort | aggregate measures of income and output in canada and the united states implications for productivity and living standards |
| topic | gdp gdi gnp gni net domestic product income productivity living standards |
| url | http://www.csls.ca/ipm/19/IPM-19-ross-murray.pdf |
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