Canada: estimates of future energy/GNP relationships

Technical Report · Sat Dec 01 04:00:00 EST 1979

DOI:https://doi.org/10.2172/5620993· OSTI ID:5620993

Allen, E L; Edmonds, J A; Williamson, R B

The Canadian economy has been expanding at an annual rate of 4.6% in the 1970s (GNP growth), second only to the remarkable record of Japan. Economic development has been bolstered by supportive government policies, a high rate of domestic savings, and a continuing inflow of investment capital. The average annual increase in nonresidential fixed investment has been 6.5%, which is higher than in any other major industrialized nation. As a consequence, productivity, or output per worker, has not experienced the decline in growth which has been so striking in the US. In the future, Canadian economic development is expected to fall below past rates of achievement, primarily because of declining numbers of new entrants in the labor force. This trend will be only partially offset by higher female-participation rates. However, other factors affecting growth remain favorable. Canada, in particular, is virtually self-sufficient in energy. Government policy is to carry out a vigorous program of conservation, and to parallel this effort with domestic energy price increases which will move up to world levels over the next few years. As to economic growth, GNP expansion is expected to remain well above 3 percent a year for the balance of this century. Energy consumption is expected to grow from 7.51 Btu x 10/sup 15/ (quads) in 1976 to 13.3 quads by 2000. This means that energy growth, as a consequence of determined conservation, is expected to be about half as rapid as economic growth to 1990.

• Research Organization: Oak Ridge Associated Universities, Inc., TN (USA). Inst. for Energy Analysis
• DOE Contract Number: EY-76-C-05-0033
• OSTI ID: 5620993
• Report Number(s): ORAU/IEA-79-24(M)
• Country of Publication: United States
• Language: English

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32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
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ANIMALS
BUILDINGS
CANADA
CAPITAL
DATA
DATA COMPILATION
DATA FORMS
ECONOMIC DEVELOPMENT
EFFICIENCY
EMPLOYMENT
ENERGY CONSERVATION
ENERGY CONSUMPTION
ENERGY EFFICIENCY
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GROSS NATIONAL PRODUCT
HOUSES
INFORMATION
INVESTMENT
MAMMALS
MAN
NORTH AMERICA
NUMERICAL DATA
PRIMATES
RESIDENTIAL BUILDINGS
TABLES
VERTEBRATES
WOMEN