Improving Canada’s productivity has become more crucial than ever. Our economic research will help you look beyond innovation to crucial factors, including helping firms grow, becoming export-ready, and investing in intangible capital.
Canada’s ability to improve productivity is crucial for its competitiveness, economic prosperity and long-term growth. Over the past decade, policy-makers have tried to find ways to revive Canada’s productivity growth, but have had little success.
Primarily, they have looked to improve the country’s innovation performance as a way to boost productivity. There are many factors outside innovation that impact a firm’s productivity.
THESE FACTORS INCLUDE:
- size of firm
- firm export orientation and participation in global value chains
- investment in intangible capital
- sector and regional affiliations
- forms of ownership
Our economic research details the impact of these factors on firms’ and countries’ productivity. It also highlights options policy-makers may wish to consider when developing a response to economic challenges caused by slow productivity growth.