Productivity, competitiveness, trade performance and real income : the nexus among four concepts / by James R. Markusen. : EC22-190/1992E
By James R. Markusen. This study analyzes the determinants of, and the linkages and interactions among four key concepts: productivity, trade performance, real income, and competitiveness,using the competitive and industrial organization models. The study indicates that there is nothing bad about Canada losing competitiveness in low-wage, low-skill, labour-intensive manufacturing, though this does mean that the issue of adjustment costs must be addressed through public policies. Professor Markusen emphasizes the need for caution with respect to industrial, trade and macro-economic policies, because certain changes to the economy are irreversible. By pushing the economy on to new, possibly diverging development paths, today's policy decisions can have cumulative and long-lasting consequences for future productivity and real income. Graphs, references, tables.
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| Department/Agency | Economic Council of Canada. |
|---|---|
| Title | Productivity, competitiveness, trade performance and real income : the nexus among four concepts / by James R. Markusen. |
| Publication type | Monograph |
| Language | [English] |
| Other language editions | [French] |
| Format | Paper |
| Other formats | Electronic-[English] |
| Publishing information | Ottawa - Ontario : Economic Council of Canada 1992. |
| Binding | Softcover |
| Description | 155p. : graphs, references, tables ; 23 cm. |
| ISBN | 0-660-14683-5 |
| Catalogue number |
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| Subject terms | Industrial productivity Competitiveness Trade |
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