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Productivity: What Is It? How Is It Measured? What Has Canada's Performance Been?

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  • Baldwin, John R. Gu, Wulong

Abstract

This paper provides an overview of the productivity program at Statistics Canada and a brief description of Canada's productivity performance. The paper defines productivity and the various measures that are used to investigate different aspects of productivity growth. It describes the difference between partial productivity measures (such as labour productivity) and a more complete measure (multifactor productivity) and the advantages and disadvantages of each. The paper explains why productivity is important. It outlines how productivity growth fits into the growth accounting framework and how this framework is used to examine the various sources of economic growth. The paper briefly discusses the challenges that face statisticians in measuring productivity growth. It also provides an overview of Canada's long-term productivity performance and compares Canada to the United States - both in terms of productivity levels and productivity growth rates.

Suggested Citation

  • Baldwin, John R. Gu, Wulong, 2008. "Productivity: What Is It? How Is It Measured? What Has Canada's Performance Been?," The Canadian Productivity Review 2008017e, Statistics Canada, Economic Analysis Division.
    • Handle: RePEc:stc:stcp6e:2008017e
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    File URL: http://www.statcan.gc.ca/bsolc/olc-cel/olc-cel?catno=15-206-X2008017&lang=eng
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    File URL: http://www.statcan.gc.ca/bsolc/olc-cel/olc-cel?catno=15-206-X2008017&lang=eng
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    Cited by:

    1. Maral Kichian, 2012. "Financial Conditions and the Money-Output Relationship in Canada," Staff Working Papers 12-33, Bank of Canada.

    More about this item

    Keywords

    Business performance and ownership; Economic accounts; Productivity accounts;
    All these keywords.

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