This paper compares output per person across Canadian provinces — using nominal or current dollar GDP per capita as the metric over the period 1990 to 2003. Differences in GDP per capita can be attributed to differences in the underlying efficiency of provincial economies. This is measured by...

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,...

Successful innovative activity is a major contribution to the intangible capital of firms. Although its importance is generally acknowledged, the contribution to companies? profits is a priori unclear. We present the results of an empirical study on the effects of the patent stock on...