Canada has a productivity problem. Productivity, the amount we produce for each hour worked, is the main source of rising incomes and living standards over time. Canada’s GDP per capita tracked that of the United States from 1994 to 2014, but has fallen behind both the US and other advanced economies since. Tariff threats and a more unpredictable world have made tackling this problem more urgent than ever.
The Productivity Blueprint is the C.D. Howe Institute’s answer. It brings decades of Institute research together into one agenda governments can act on. It:
The Productivity Blueprint will be updated as new work is published, giving policymakers a clear plan to tackle the barriers that keep Canada from reaching its massive potential.
IntroductionTax policy, which can encourage work and production instead of consumption, and encourage, or discourage, company growth and innovation.
Read the BlueprintRegulation, which when well-designed can raise standards of living and firm performance, but when badly designed can put unnecessary obstacles in the way of the adoption of new technologies and techniques, discourage risk-taking, or result in fragmented markets.
Read the BlueprintCompetition policy, which can help the economy find a critical balance between encouraging the benefits of scale and the point at which too few competitors discourage innovation.
Read the BlueprintHuman capital policies which can help build and better match Canadians’ skills and competencies with available technologies and emerging growth opportunities.
Read the BlueprintInnovation and commercialization policies that encourage R&D subsidies and support for research partnerships, early adoption of innovation through government procurement processes, better IP management, marketing support, and trade diplomacy.
Read the BlueprintPolicies designed to help businesses grow from formation to scale and sustainability, through better access to capital, business advice, or support for technology adoption.
Read the BlueprintImproving Canada’s trade and transportation infrastructure, and removing obstacles to supply chain efficiency to ensure Canadian businesses have the best opportunities to grow.
Read the BlueprintFiscal discipline that improves value-for-money in the design and delivery of government programs, and boosts government productivity more generally. Rapid public sector expansion financed by deficit spending, when it does not deliver commensurate improvements in service quality or efficiency, reduces growth opportunities by leaving behind debt which crowds out private investment and signals higher future taxes.
Read the Blueprint