The authors thank Benjamin Dachis and the reviewers of the C. D. Howe Institute Commentary Innovation Policy in Canada: A Holistic Approach, who all provided useful comments on the idea and construction of this report card. [...] The key takeaway from this report card is that Canada’s innovation shortcomings, already recorded in many existing public and private reports,1 stem from a lack of superior performance in any of the broad family of policies that literature and experience suggest are conducive to innovation outcomes and activity. [...] Third, the weights we construct and assign to the indicators that make up the report card are chosen to produce an overall ranking that corresponds as much as possible with the ranking of outcomes and activities one associates with successful innovation policy: high productivity and standards of living, business research and development activity, and business growth and venture capital activity (T [...] With respect to Efficiency and Transparency in Public Sector and Regulated Infrastructure, Canada ranks relatively highly in terms of efficient provision of basic government services, although only middle of the pack in terms of efficient provision of infrastructure, perception of corruption, and openness of government. [...] Nevertheless, on regulations governing IT safety standards, or the price of medicines, which we use as examples of specific regulations for which there are internationally comparable data, and on the use of regulatory sandboxes, Canada ranks in the middle of the pack at best.
- Pages
- 11
- Published in
- Toronto, ON, CA
