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A Comparison of Australian and Canadian Productivity Performance: Lessons for Canada

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  • Evan Capeluck

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Abstract

The objective of this report is to examine the impact of public policy on Australia’s productivity performance and to discuss possible lessons for Canada from this experience. To do this, the report conducts a comprehensive analysis of the productivity performance of both countries, with particular interest in determining which underlying factors can explain Australia’s superior productivity growth in recent years. In addition, the report discusses the literature on the effects of public policy on Australian productivity performance since the 1990s.

Suggested Citation

  • Evan Capeluck, 2016. "A Comparison of Australian and Canadian Productivity Performance: Lessons for Canada," CSLS Research Reports 2016-07, Centre for the Study of Living Standards.
  • Handle: RePEc:sls:resrep:1607
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    File URL: http://www.csls.ca/reports/csls2016-07.pdf
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    References listed on IDEAS

    as
    1. John Quiggin, 1997. "Estimating the Benefits of Hilmer and Related Reforms," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 30(3), pages 256-272, September.
    2. Andrew Sharpe & Bert Waslander, 2014. "The Impact of the Oil Boom on Canada's Labour Productivity Performance, 2000-2012," International Productivity Monitor, Centre for the Study of Living Standards, vol. 27, pages 40-63, Fall.
    3. Diewert, Erwin, 2008. "The Measurement of Nonmarket Sector Outputs and Inputs Using Cost Weights," Economics working papers diewert-08-01-18-09-21-07, Vancouver School of Economics, revised 13 Nov 2008.
    4. Andrew Sharpe & Bert Waslander, 2014. "The Impact of the Oil Boom on Canada's Labour Productivity Performance," CSLS Research Reports 2014-05, Centre for the Study of Living Standards.
    5. Michael-John Almon & Jianmin Tang, 2011. "Industrial Structural Change and the Post-2000 Output and Productivity Growth Slowdown: A Canada-U.S. Comparison," International Productivity Monitor, Centre for the Study of Living Standards, vol. 22, pages 44-81, Fall.
    6. Lawrence H Summers, 2014. "U.S. Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 49(2), pages 65-73, April.
    7. Ricardo de Avillez, 2014. "An Analysis of Productivity Trends in the Canadian Forest Products Sector, 2000-2012," International Productivity Monitor, Centre for the Study of Living Standards, vol. 27, pages 79-100, Fall.
    8. Andrew Sharpe & Eric Thomson, 2010. "Insights into Canada’s Abysmal Post-2000 Productivity Performance from Decompositions of Labour Productivity Growth by Industry and Province," International Productivity Monitor, Centre for the Study of Living Standards, vol. 20, pages 48-67, Fall.
    9. Mark Wooden, 2001. "Industrial Relations Reform in Australia: Causes, Consequences and Prospects," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 34(3), pages 243-262, September.
    10. Trueblood, Michael A. & Ruttan, Vernon W., 1992. "A Comparison Of Multifactor Productivity Calculations Of The U.S. Agricultural Sector," Staff Papers 14165, University of Minnesota, Department of Applied Economics.
    11. Mariana Mazzucato, 2015. "Building the Entrepreneurial State: A New Framework for Envisioning and Evaluating a Mission-oriented Public Sector," Economics Working Paper Archive wp_824, Levy Economics Institute.
    12. Vernon Topp & Tony Kulys, 2014. "On Productivity: The Influence of Natural Resource Inputs," International Productivity Monitor, Centre for the Study of Living Standards, vol. 27, pages 64-78, Fall.
    13. Ricardo de Avillez, 2014. "A Detailed Analysis of Productivity Trends in the Canadian Forest Products Sector," CSLS Research Reports 2014-01, Centre for the Study of Living Standards.
    14. Cumming, Douglas, 2007. "Government policy towards entrepreneurial finance: Innovation investment funds," Journal of Business Venturing, Elsevier, vol. 22(2), pages 193-235, March.
    15. Marshall Reinsdorf, 2015. "Measuring Industry Contributions to Labour Productivity Change: A New Formula in a Chained Fisher Index Framework," International Productivity Monitor, Centre for the Study of Living Standards, vol. 28, pages 3-26, Spring.
    16. Kyungchul Cho & Changseok Kim & Juneseuk Shin, 2015. "Differential effects of intellectual property rights on innovation and economic performance: A cross-industry investigation," Science and Public Policy, Oxford University Press, vol. 42(6), pages 827-840.
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    More about this item

    Keywords

    Productivity; Capital; Labour; Multifactor Productivity; Productivity Growth; Human Capital; Innovation; Investment; Australia; Canada; Regulation;

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania
    • N37 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Africa; Oceania
    • N47 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Africa; Oceania
    • N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-
    • N32 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - U.S.; Canada: 1913-
    • N42 - Economic History - - Government, War, Law, International Relations, and Regulation - - - U.S.; Canada: 1913-

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