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Multifactor Productivity in Canada: An Evaluation of Alternative Methods of Estimating Capital Services

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  • Baldwin, John R. Gu, Wulong

Abstract

This paper examines the effects of alternative specifications of the user costs of capital on the estimated price and volume indices of capital services. It asks how sensitive the results are to the use of exogenous versus endogenous rates of return, to alternate ways of including capital gains, and to whether corrections are made for tax rates. The paper also examines the effect of the various user cost formulae on the measured multifactor productivity growth.

Suggested Citation

  • Baldwin, John R. Gu, Wulong, 2007. "Multifactor Productivity in Canada: An Evaluation of Alternative Methods of Estimating Capital Services," The Canadian Productivity Review 2007009e, Statistics Canada, Economic Analysis Division.
    • Handle: RePEc:stc:stcp6e:2007009e
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    File URL: http://www.statcan.gc.ca/bsolc/olc-cel/olc-cel?catno=15-206-X2007009&lang=eng
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    Citations

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    Cited by:

    1. Diewert, Erwin, 2008. "Changes in the Terms of Trade and Canada's Productivity Performance," Economics working papers diewert-08-03-11-11-03-49, Vancouver School of Economics, revised 18 Jul 2008.
    2. Yazid Dissou & Reza Ghazal, 2010. "Energy Substitutability in Canadian Manufacturing Econometric Estimation with Bootstrap Confidence Intervals," The Energy Journal, , vol. 31(1), pages 121-148, January.
    3. Andrew Sharpe & Eric Thomson, 2010. "New Estimates of Labour, Capital and Multifactor Productivity Growth and Levels for Canadian Provinces at the Three-digit NAICS Level, 1997-2007," CSLS Research Reports 2010-06, Centre for the Study of Living Standards.
    4. Michael J. Harper & Alice O. Nakamura & Lu Zhang, 2012. "Difficulties Assessing Multifactor Productivity for Canada," International Productivity Monitor, Centre for the Study of Living Standards, vol. 24, pages 76-84, Fall.
    5. W. Erwin Diewert & Emily Yu, 2012. "New Estimates of Real Income and Multifactor Productivity Growth for the Canadian Business Sector, 1961-2011," International Productivity Monitor, Centre for the Study of Living Standards, vol. 24, pages 27-48, Fall.
    6. Ester Gomes da Silva, 2010. "Capital services estimates in Portuguese industries, 1977–2003," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 9(1), pages 35-74, April.
    7. Macdonald, Ryan, 2007. "Estimating TFP in the Presence of Outliers and Leverage Points: An Examination of the KLEMS Dataset," Economic Analysis (EA) Research Paper Series 2007047e, Statistics Canada, Analytical Studies Branch.
    8. Serena Fatica, 2017. "Measurement and Allocation of Capital Inputs With Taxes: A Sensitivity Analysis for OECD Countries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63(1), pages 1-29, March.
    9. Macdonald, Ryan, 2008. "An Examination of Public Capital's Role in Production," Economic Analysis (EA) Research Paper Series 2008050e, Statistics Canada, Analytical Studies Branch.
    10. Andrew Sharpe & Jean-Francois Arsenault, 2009. "New Estimates of Multifactor Productivity Growth for the Canadian Provinces," International Productivity Monitor, Centre for the Study of Living Standards, vol. 18, pages 25-37, Spring.
    11. Wulong Gu, 2012. "Estimating Capital Input for Measuring Business Sector Multifactor Productivity Growth in Canada: Response to Diewert and Yu," International Productivity Monitor, Centre for the Study of Living Standards, vol. 24, pages 49-62, Fall.

    More about this item

    Keywords

    Economic accounts; Productivity accounts;

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