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Productivity and income growth rates and differentials vary widely among OECD countries. In this chapter, Bart van Ark … total population. Labour productivity is determined by within-industry productivity growth rates and inter-sectoral shifts …
Persistent link: https://www.econbiz.de/10005650205
significant margin of error associated with productivity growth rates, even at the aggregate level. Sharpe identifies two … productivity trends that the general public should be aware of are: the post-1973 productivity slowdown; the postwar convergence in … OECD productivity levels toward the US level; the post-1995 acceleration in labour productivity growth in the United States …
Persistent link: https://www.econbiz.de/10005650208
growth, suggesting a productivity convergence to the U.S. level. A faster pace of human capital accumulation relative to the …The Canadian service sector has performed well in recent years in terms of labour and multifactor productivity growth … sector. Service sector labour productivity growth has also shown a marked acceleration in both Canada and the United States …
Persistent link: https://www.econbiz.de/10005518937
In this chapter, Don Drummond makes the case that with large deficits there was little room for the Bank of Canada to reduce interest rates to stimulate the economy and generate revenues. It was imperative that the deficit be eliminated. Tax rates were already high so the government had no...
Persistent link: https://www.econbiz.de/10005157589
that he developed throughout the decade. While not denying that the US economic slowdown in the early 1990s reduced growth …
Persistent link: https://www.econbiz.de/10005157590
monetary policy in the early 1990s hurt growth in the short-term, but they argue that such action was necessary to ratchet down …
Persistent link: https://www.econbiz.de/10005481816
. One approach sees economic growth leading to environmental degradation by imposing stresses on limited natural resources …. Economic growth, once a certain level is achieved, leads to a cleaner environment as the higher income shifts societal …. In addition, it is argued that economic growth is increasingly service-based, decoupling pollution from economic activity …
Persistent link: https://www.econbiz.de/10005518910
in which program spending was frozen in nominal terms, but not cut, would have produced more growth and employment and …
Persistent link: https://www.econbiz.de/10005518912
In recent years, interest in aggregate or composite indicators of economic and social well-being at the community, national and international levels has grown greatly. For example, the release each year of the United Nations?Human Development Index (HDI) generates considerable media interest,...
Persistent link: https://www.econbiz.de/10005292733
In this chapter, Andrew Heisz, Andrew Jackson and Garnet Picot provide an incisive and comprehensive analysis of the distributional changes that have occurred in Canada in the 1990s as well as useful comparative perspectives both in terms of trends over time and the particular patterns that can...
Persistent link: https://www.econbiz.de/10005481815