The Paradox of Market-Oriented Public Policy and Poor Productivity Growth in Canada
نویسندگان
چکیده
In recent decades, governments in Canada have pursued market-oriented policies at both the macro and micro levels. Economists believe that such policies should foster productivity growth. Since 2000, however, productivity growth in Canada has been dismal, much below that in the United States and below Canada’s historical trend. The objective of this paper is to attempt to explain the paradox of productivity-enhancing public policies and the continuation of poor productivity performance. In other words, why has there been no apparent productivity payoff from market-oriented policy?
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