This paper analyzes total factor productivity growth and trends in relative efficiency levels in the national Two-Digit Manufacturing industries of Japan, Canada, and the United States during the last quarter-century. The well-known slowdown in productivity growth rates in the 1973-80 period was...

This paper addresses estimation and decomposition of productivity change, which is mostly identified as technical change under constant (unitary) returns to scale (CRS). If the CRS assumption is not made, productivity change is decomposed into technical change and scale effects.Furthermore, if...

During the past twenty-five years, the Canadian federal government has introduced capital cost allowance measures eight times in order to change the direction or level of investment expenditures. Although the effectiveness of these measures has been the subject of a good deal of recent public...

<title/> This paper, by a leading UK venture capitalist, provides a review of the state of the UK Venture Capital Industry at the end of the twentieth century. A key issue is how to increase the supply of capital at the smaller end of the market. A number of potential solutions are considered.

This paper investigates the effect of automation on the occupational demand for labor using modern econometric demand theory. We are able to estimate labor demand functions derived from a production process characterized by variable elasticities of substitution, nonhomothetic output expansion...

Canadian banks have invested millions in computer systems in the last two decades. Yet the banks and outside observers have been uncertain that these investments have had net benefits. In this paper, unique data collected directly from a bank is used to investigate the impact of these...