The first section of the article reviews general measurement problems associated with measuring sectoral total factor productivity. Secondly, the article argues that the production accounts in the present System of National Accounts (SNA) need to be extended somewhat in order to be suitable as a...

Using the author’s recently constructed data set, this article measures the productivity performance of China’s 19 manufacturing industries, four mining industries, plus utilities, over the reform period 1980-2005. The approach is based on neoclassical assumptions on institutional settings...

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, Someshwar Rao, Jiamin Tang and Weimin Wang of Industry Canada examine the impact of capital accumulation on Canada's recent productivity record. A key finding is that the widening of the Canada-U.S. labour productivity gap in both the business sector and in manufacturing in the...

Depuis la guerre russe en Ukraine, de nombreux pays européens se sont efforcés de trouver des sources d'énergie alternatives. L'une des réponses consistait à augmenter les importations de gaz naturel liquéfié (GNL). En contournant l'utilisation de gazoducs venant de l'Est en construisant...

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....

In the third article, Roland Spant, a Swedish trade union economist, argues that Net Domestic Product (NDP) should replace GDP as a measure of economic growth for a number of purposes. The key difference between GDP and NDP is depreciation. With the shift in investment toward information...