CALGARY—If Canada followed Australia’s lead in several key policy areas, it could increase productivity growth and raise living standards, finds a new essay released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“The similarities between Australia and Canada, economically and culturally, make it an important comparator country for Canadian policymakers,” said Stephen Kirchner, senior economist at the Business Council of Australia, senior fellow of the Fraser Institute and author of The Canadian-Australian Productivity Gap: Comparative Institutions and Policy Settings.