Productivity in Manufacturing Industries, Canada, Japan and the United States, 1953-1986: Was the 'Productivity Slowdown' Reversed?
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This paper analyzes total factor productivity growth and trends in
relative efficiency levels in the national Two-Digit Manufacturing
industries of Japan, Canada, and the United States during the last
quarter-century. The well-known slowdown in productivity growth rates
in the 1973-80 period was a common phenomenon across the three
countries but was felt most strongly in Japan and least in Canada.
While the 1980s saw a pick-up in productivity growth over the slowdown
period, growth in productivity has not returned to the pre-1973 level.
The productivity slowdown and any subsequent increase in productivity
growth rates have been correlated across industries in the three
countries to a very high degree.
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