2. New Estimates of Gross National Product, Canada, 1870-1926: Some Implications for Canadian Development
M. C. Urquhart, J. H. Dales
Abstract
M. C. Urquhart, J. H. Dales
Abstract
This paper presents new estimates of annual national income for Canada from 1870 to 1926. The new data include: gross domestic product by industry and gross national product; gross fixed capital formation in six categories; government expenditure on goods and services; international payments; items and balance; deflated G.N.P;. growth rates of output per capita and per worker; farm receipts and expenses; and gross domestic product in manufacturing by seventeen industry groups. The paper make use of the new data for light they throw on the role of staple in Canadian economic history in the period covered.
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This paper presents new estimates of annual national income for Canada from 1870 to 1926. The new data include: gross domestic product by industry and gross national product; gross fixed capital formation in six categories; government expenditure on goods and services; international payments; items and balance; deflated G.N.P;. growth rates of output per capita and per worker; farm receipts and expenses; and gross domestic product in manufacturing by seventeen industry groups. The paper make use of the new data for light they throw on the role of staple in Canadian economic history in the period covered.
Key concepts: Gross fixed capital formation, Gross domestic product, Gross national income, National Income and Product Accounts, Measures of national income and output, Per capita, Gross domestic income, Gross output