REVISED REAL CANADIAN GNP ESTIMATES AND CANADIAN ECONOMIC GROWTH, 1870–1926

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Abstract

Revised Canadian real GNP estimates for the 1870–1926 period, based on the nominal GNP estimates constructed by M. C. Urquhart and on a variety of sector‐specific price indexes, are presented below. The construction of this revised real GNP series allows for the creation of real output estimates for the major sectors of the Canadian economy as well as for a new implicit price index series. These revised estimates cast new light on our present understanding of Canadian economic growth and reinforce the view that the Canadian wheat boom probably played an important and positive role in the process of Canadian economic development.

Original languageEnglish
Pages (from-to)455-474
Number of pages20
JournalReview of Income and Wealth
Volume38
Issue number4
DOIs
Publication statusPublished - Dec 1992

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