The Implications of Knowledge-Based Growth for Micro-Economic Policies

Originally published in 1996, Implications of Knowledge-Based Growth for Micro-Economic Policies is the sixth title in the Investment in Canada Research Series, reissued in 2019. The book looks at how developing effective policies to increase jobs and standards of living, requires the knowledge and understanding of the determinants of economic growth. The book addresses the dissension among economists and policy makers on aspects of the process generating growth, it agrees that there is a consensus that innovation resulting from the accumulation of knowledge plays a fundamental role. Looking at the significant structural changes of Canadian industries at the time of publication, the book examines how industries changed to meet new competitive challenges in the global marketplace, ensuring that the new economy is an innovative, knowledge-based one is key to Canada's future success. This volume discusses key issues linked with knowledge-based growth and looks at the sources of knowledge (concepts and measures used to track knowledge-based growth); policy issues (empirical evidence of knowledge-based growth, interprovincial barriers, intellectual property, international best practices, and industrial clusters); telecommunications issues (international comparisons on information infrastructure, Canadian communications equipment, the information highway). It will be of interest to academics working in the field of micro-economics as well as more broadly business studies, finance and economics.