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REVISED REAL CANADIAN GNP ESTIMATES AND CANADIAN ECONOMIC GROWTH, 1870–1926
Author(s) -
Altman Morris
Publication year - 1992
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1992.tb00455.x
Subject(s) - economics , boom , price index , index (typography) , variety (cybernetics) , econometrics , macroeconomics , real gross domestic product , economy , mathematics , statistics , environmental science , environmental engineering , world wide web , computer science
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.