Unleashing Business Innovation in Canada:
This paper discusses how to improve Canada's business innovation in order to boost labour productivity and output growth. Many general framework conditions are highly favourable to business risk-taking and innovation, including macro stability, openness, strong human capital, low corporate tax...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2012
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper discusses how to improve Canada's business innovation in order to boost labour productivity and output growth. Many general framework conditions are highly favourable to business risk-taking and innovation, including macro stability, openness, strong human capital, low corporate tax rates, low barriers to firm entry and flexible labour markets. However, they can be improved further by reduced external and interprovincial barriers in network and professional service sectors, more efficient capital markets, fewer capital tax distortions and improved patent protection. A second focus should be on ensuring that incentives arising from government subsidies are targeted on actual market failures. The very high level of support to business R&D via the federal Scientific Research and Experimental Development (SR&ED) tax credit and provincial top-ups may affect the incentives of small firms to grow and should be redesigned. A plethora of small, fragmented granting programmes, mainly geared to SMEs, should be streamlined for better government-business collaboration. The large public share in venture capital should be wound down, as it may crowd out more productive private finance. A final focus should be on boosting manager and worker skills that are intrinsic to all forms of innovation, by filling gaps in training, mentoring and education. This Working Paper relates to the 2012 OECD Economic Review of Canada (www.oecd.org/eco/surveys/Canada) |
| Beschreibung: | 1 Online-Ressource (51 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5k912j63dn25-en |
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| index_date | 2024-07-03T19:34:59Z |
| indexdate | 2024-12-18T19:03:15Z |
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| language | English |
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| spelling | Bibbee, Alexandra Verfasser aut Unleashing Business Innovation in Canada Alexandra Bibbee = Libérer l'innovation des entreprises au Canada / Alexandra Bibbee Libérer l'innovation des entreprises au Canada Paris OECD Publishing 2012 1 Online-Ressource (51 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper discusses how to improve Canada's business innovation in order to boost labour productivity and output growth. Many general framework conditions are highly favourable to business risk-taking and innovation, including macro stability, openness, strong human capital, low corporate tax rates, low barriers to firm entry and flexible labour markets. However, they can be improved further by reduced external and interprovincial barriers in network and professional service sectors, more efficient capital markets, fewer capital tax distortions and improved patent protection. A second focus should be on ensuring that incentives arising from government subsidies are targeted on actual market failures. The very high level of support to business R&D via the federal Scientific Research and Experimental Development (SR&ED) tax credit and provincial top-ups may affect the incentives of small firms to grow and should be redesigned. A plethora of small, fragmented granting programmes, mainly geared to SMEs, should be streamlined for better government-business collaboration. The large public share in venture capital should be wound down, as it may crowd out more productive private finance. A final focus should be on boosting manager and worker skills that are intrinsic to all forms of innovation, by filling gaps in training, mentoring and education. This Working Paper relates to the 2012 OECD Economic Review of Canada (www.oecd.org/eco/surveys/Canada) Economics Canada https://doi.org/10.1787/5k912j63dn25-en Verlag kostenfrei Volltext |
| spellingShingle | Bibbee, Alexandra Unleashing Business Innovation in Canada Economics Canada |
| title | Unleashing Business Innovation in Canada |
| title_alt | Libérer l'innovation des entreprises au Canada |
| title_auth | Unleashing Business Innovation in Canada |
| title_exact_search | Unleashing Business Innovation in Canada |
| title_exact_search_txtP | Unleashing Business Innovation in Canada |
| title_full | Unleashing Business Innovation in Canada Alexandra Bibbee = Libérer l'innovation des entreprises au Canada / Alexandra Bibbee |
| title_fullStr | Unleashing Business Innovation in Canada Alexandra Bibbee = Libérer l'innovation des entreprises au Canada / Alexandra Bibbee |
| title_full_unstemmed | Unleashing Business Innovation in Canada Alexandra Bibbee = Libérer l'innovation des entreprises au Canada / Alexandra Bibbee |
| title_short | Unleashing Business Innovation in Canada |
| title_sort | unleashing business innovation in canada |
| topic | Economics Canada |
| topic_facet | Economics Canada |
| url | https://doi.org/10.1787/5k912j63dn25-en |
| work_keys_str_mv | AT bibbeealexandra unleashingbusinessinnovationincanada AT bibbeealexandra libererlinnovationdesentreprisesaucanada |