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- W2555336323 abstract "The traditional view of the Canadian economy from the late-nineteenth century onward has been one of failure relative to the United States. A great deal of recent literature has attempted to restore the reputation of Canadian manufacturers and entrepreneurs, by challenging the claims of manufacturing productivity gaps and efficient input responses. However, Canadian failure relative to the United States is clearly visible in comparisons of real output per capita and labour productivity. In a contextual shift, this paper examines the Canadian experience of the late-nineteenth/early-twentieth century in relation to another ‘settler economy’, Australia. Despite the logical potential for comparative analysis, until now there has been no detailed quantitative comparison between Canada and other resource abundant, low population density countries of European settlement. Creation of a long-run, sectorally disaggregated, PPP adjusted Canadian/Australian productivity series reveals that the Canadian economy was characterised by comparatively strong and sustained growth in real output per capita and labour productivity. Particular focus in this research is given to the question of why Canada was so successful relative to Australia. Results indicate that staple exports, technology transfer from abroad and proximity to the United States were significant factors. This paper takes a first step in estimating the importance of these relevant factors." @default.
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- W2555336323 date "2012-01-01" @default.
- W2555336323 modified "2023-09-27" @default.
- W2555336323 title "Expectations Reconsidered: A Sectoral Comparison Of Canadian-Australian Productivity, 1871-2008" @default.
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