NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Total Factor Productivity Growth in the Canadian Life Insurance Industry: 1979-1989

Jeffrey I. Bernstein

NBER Working Paper No. 6475
Issued in March 1998
NBER Program(s):   PR

This is the first paper to directly measure and decompose total factor productivity growth (TFPG) for the Canadian life insurance industry. TFPG averaged 1.0 percent per year over the period from 1979 to 1989, thereby outperforming many manufacturing industries. The rate of TFPG was 0.2 percent in the first half of the 1980's due to the depressed economy and 1.9 percent in the last half of the decade. Technological change was the major element contributing to TFPG. There was a large residual element in the decomposition of TFPG, reflecting possible adjustment costs associated with new information processing technologies.

download in pdf format
   (1064 K)

email paper

This paper is available as PDF (1064 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w6475

Published: Canadian Journal of Economics, Vol. 32 (1999): 500-517. citation courtesy of

Users who downloaded this paper also downloaded these:
Nadiri and Schankerman w0358 The Structure of Production, Technological Change, and the Rate of Growth of Total Factor Productivity in the Bell System
Gottlieb and Smetters w18601 Narrow Framing and Life Insurance
Hulten Total Factor Productivity: A Short Biography
Hulten w7471 Total Factor Productivity: A Short Biography
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us