Some of the recent “hype” about how advances in technology are forging a “new economy” has evaporated. Interest in “dot.com” start-up companies in the US has waned with the decline in stock market valuations. Some of the more extravagant claims – in particular, that the “new...

A statistical agency faces several challenges in building Productivity Accounts. What started out as a request for simple ratios of output to employment has moved to a demand for multifactor (total factor) productivity measures that take into account both labor and capital inputs, the...

Work by Aschauer (1989) triggered a debate in the United States on the role played by public capital in determining productivity and growth; more recently, infrastructure has become an issue in the Canadian public policy debate. This paper sheds some light on this debate by addressing three...