Real gross domestic product (GDP) fails to account for the trading gains and losses that result from changes in the terms of trade and in the real exchange rate (the price of tradables relative to the price of nontradables). Canada has enjoyed vast improvements in its terms of trade over recent...

In this article, we present a brief history of the development of services industry data in the United States, review the substantial progress that has been made over the past decade and a half, and present recommendations for needed additional improvements. We conclude that the state of U.S....

This paper discusses the supply conditions for economic growth in terms of potential GDP estimated by the production function approach for France, Germany and Italy for the 1986:2003 period. The aim of this study is twofold: first, we keep a consistent framework as regards national account...

This article by Raynauld Letourneau and Martine Lajoie of Industry Canada provides a detailed regional analysis of levels of living standards, measured as output per capita, and productivity (output per worker) for the 1995-97 period, the most recent data currently available. They find that all...

This is a review article by Andrew Sharpe from the Centre for the Study of Living Standards of Angus Maddison's path-breaking new book, The World Economy: A Millennial Perspective. The article summarizes Maddison's key findings in a number of areas, with particular emphasis on his estimates of...

La Grèce est entrée dans la zone euro en janvier 2001 après avoir été, durant deux ans, soumise à une cure d’amaigrissement et d’assainissement. Par des politiques d’austérité salariale et budgétaire, elle a réussi à atteindre les objectifs d’intégration. Les indicateurs...