Canada's Potential Growth
Canada's Potential Growth

Author: Mr.Marcello M. Estevão

Publisher: International Monetary Fund

Published: 2010-01-01

Total Pages: 30

ISBN-13: 1451962045

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This study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple accounting framework to decompose trend GDP growth into changes in capital, labor services and total factor productivity, we find a sizeable drop in Canadian potential growth in the short term. The estimated decline of about 1 percentage point originates from a sharply decelerating capital stock accumulation (as investment has dropped steeply) and a rising long-term unemployment rate (which would raise equilibrium unemployment rates). However, over the medium term, we expect Canada's potential GDP growth to gradually rise to around 2 percent, below the pre-crisis growth rate, mostly reflecting the effects of population aging and a secular decline in average working hours.

Reassessing Canada's Potential Economic Growth
Reassessing Canada's Potential Economic Growth

Author: Edward A. Carmichael

Publisher:

Published: 1979

Total Pages: 100

ISBN-13:

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From the Executive Summary: This study has two purposes. First, it provides up-to-date estimates and projections to 1983 of potential GNP, the level of gross national product which could be produced if labour and capital resources were utilized at high employment rates, based on a reassessment of the methods of estimating the GNP. Second, the study provides an assessment of the economy's recent growth performance and of its medium-term prospects for growth. The implications of this assessment for current and medium-term macroeconomic policy are discussed.

Economic Growth in Canada
Economic Growth in Canada

Author: N. Harvey Lithwick

Publisher: University of Toronto Press

Published: 1967-12-15

Total Pages: 191

ISBN-13: 1487586485

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This timely study fills some serious gaps in the historical record of economic development in Canada and compares it with that in the United States pointing out the parallels in development that have resulted from similarities in tastes and technologies and the high degree of monility between two economies. In addition, it clarifies certain mistaken notions about the Canadian economy by evaluating the sources of past growth and anticipating the potential open to the country. This edition includes a chapter which examines Canadian experience over the past decade and compares it with that of the United States. This work will be valuable to economists, policy makers and the informed layman. There is a minimal amount of complex mathematics and the bulk of the statistical material is relegated to the apendices.

Growth and the Canadian Economy
Growth and the Canadian Economy

Author: T.N. Brewis

Publisher: McGill-Queen's Press - MQUP

Published: 2014-09-18

Total Pages: 189

ISBN-13: 077359518X

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Reviewing several theories of economic growth, the contributors discuss a wide range of policy suggestions. The liveliness of their thought disproves the old maxim that economics is the "dismal science."