In modern economies, technical change is rapid and competitive edges of companies are closely related to 'intangible' capital. While some intangibles are covered by established capital measures in the national accounts, many are outside the measurement boundary. The NBER volume at hand brings...

According to Statistics Canada productivity estimates, the rate of growth of real output per hour in the construction industry in Canada over the 1981-2006 period was 0.53 per cent per year, one-third of the business sector average. This article examines evidence for and against the hypothesis...

We investigate in this paper local development at the level of the french local entities called EPCI (Etablissement Public de Coopération Intercommunale), which gather different city councils of the French region Basse-Normandie. Sets of socio-economic and fiscal variables allow us to...

Presentation of the PLS regression

This 14th issue of the International Productivity Monitor published by the Centre for the Study of Living Standards contains five articles. Topics covered are recent productivity developments in the United States; lessons for Canada from international productivity experience; India’s...

La politique de ciblage d'inflation est un régime monétaire qui vise l'inflation. Sa pratique a été marquée par une grande stabilité observée aux débuts des années 90 et 2000. Un débat émerge sur l'efficacité et la performance économique de ce régime. De nombreuses recherches se...