Trend productivity growth is a crucial determinant of future living standards as well as fiscal balances. In this article, Benoit Robidoux and Bing-Sun Wong from Finance Canada examine the issue of whether trend productivity growth has increased in Canada and conclude that in fact it has. If...

Since 1995, productivity growth has accelerated significantly in the United States. Information technology has always been thought to be the driving force behind this development. In this article by Kevin Stiroh of the Federal Reserve Bank of New York provides strong empirical support for this...

The economic development in the 1990s with the most important long-term consequences was the acceleration of productivity growth in the United States after 1995. In this article, Dale W. Jorgenson of Harvard University, Mun S. Ho from Resources for the Future, and Kevin J. Stiroh of the Federal...

While much attention has focused on the factors that brought about the so-called new economy, much less attention has been paid to optimal policy responses following the establishment of the new economy. In the third article, Gilbert Cette and Christian Pfister from the Bank of France provide...

The fourth issue of the International Productivity Monitor produced by the Centre for the Study of Living Standards contains five articles. Topics covered are: recent productivity developments in the United States and Canada and implications for the Canada-U.S. productivity and income gaps; the...