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Abstract
The Relevance of the Wheat Boom in Canadian Economic Growth. The wheat boom was regarded as the most convincing demonstration of the usefulness of the staple theory in Canadian economic history but Chambers and Gordon (1966) demonstrated that in 1901-11 it contributed at most only 8.4 per cent of the growth in per capita income. On their own grounds, because of empirical errors, the contribution was actually 20 per cent. Other factors, ignored in their model, raised the contribution of the wheat boom both in the shorter period, 1901-11, and in the longer period, 1901-20/2.1, to between 24 and 30 per cent.
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