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Measuring the Contribution of Modern Biotechnology to the Canadian Economy

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  • Ricardo de Avillez

Abstract

The role of modern biotechnology in agriculture, medicine, and industry has increased dramatically since the 1970s. Despite its growing importance, few efforts have been made so far to estimate the economic contribution of modern biotechnology to the Canadian economy. This report provides an overview of biotechnology activities in Canada, and, using an income-based approach, estimates that biotechnology activities accounted for approximately $15 billion in 2005, equivalent to 1.19 per cent of Canada’s GDP in that year. The report also forecasts that the role of biotechnology in the economy will increase substantially in the next twenty years, representing between 2.6 per cent and 6.0 per cent of Canada’s GDP in 2030.

Suggested Citation

  • Ricardo de Avillez, 2011. "Measuring the Contribution of Modern Biotechnology to the Canadian Economy," CSLS Research Reports 2011-18, Centre for the Study of Living Standards.
    • Handle: RePEc:sls:resrep:1118
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    File URL: http://www.csls.ca/reports/csls2011-18.pdf
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    References listed on IDEAS

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    1. John V. Duca & John Thompson & Mine K. Yücel, 2002. "The economic impact of biotechnology," Southwest Economy, Federal Reserve Bank of Dallas, issue Mar, pages 1,6-10,20.
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    Cited by:

    1. George B. Frisvold & Steven M. Moss & Andrea Hodgson & Mary E. Maxon, 2021. "Understanding the U.S. Bioeconomy: A New Definition and Landscape," Sustainability, MDPI, vol. 13(4), pages 1-24, February.
    2. Ricardo de Avillez, 2011. "A Half-Century of Productivity Growth and Structural Change in Canadian Agriculture: An Overview," International Productivity Monitor, Centre for the Study of Living Standards, vol. 22, pages 82-99, Fall.

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