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| EST. READ TIME 1 MIN.Productivity and Economic Performance: An Overview of the Issues
This study provides a non-technical overview of the issues surrounding the debate about productivity and discusses why productivity growth is essential if Canadians want a high and rising standard of living. Productivity refers to the efficiency with which an economy transforms inputs (capital and labour) into outputs (goods and services).
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Marc Law
Professor of Economics, University of Vermont
Marc Law, Senior Fellow at the Fraser Institute, is a Professor of Economics at the University of Vermont. An applied micro-economistwith interests in regulation, political economy, and economic history, Professor Law's research focuses on the regulation of food, drugs, and advertising as well as occupational licensing laws.He has published papers in The Journal of Economic History; The Journal of Law, Economics, and Organization; and The Journal of Law and Economics. He hold a PhD from Washington University at St. Louis and MAs from Washington University and Queen's University.… Read more Read Less…
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