Western Economic Diversification Canada
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Sub-program 1.3.2: Economic Analysis

Description

Economic Analysis increases understanding of western Canadian challenges, opportunities, and priorities through externally generated or in-house research. Economic analysis also supports internal as well as Government of Canada policy and program development. Transfer payments in support of this sub-program are made under the authority of the Western Diversification Program.

 

Budgetary Financial Resources (dollars)
2014-15
Planned Spending
2014-15
Actual Spending
2014-15
Difference
(actual minus planned)
3,378,050 2,888,883 (489,167)

Note: Actual spending is lower than planned as a result of reallocation of funding to other departmental priorities.

 

Human Resources (FTEs)
2014–15
Planned
2014–15
Actual
2014–15
Difference
(actual minus planned)
14 12 (2)

 

Performance Results
Expected Result Performance Indicators Targets Actual Results
Decisions impacting the western Canadian economy are informed by evidence-based economic analysis Number of evidence-based economic analyses conducted/ funded by WD 31 47

 

Performance Analysis and Lessons Learned

WD tracks one indicator to capture the impact of the Economic Analysis sub-program: number of evidence-based economic analyses conducted or funded by WD.

WD exceeded its targets on the performance indicator related to the Economic Analysis sub-program (see Performance Results table above).  The Department increased its internal economic analysis to inform departmental strategic directions, support project investment decisions and to inform departmental advocacy activities.

Economic analysis undertaken by WD in 2014–15 supported the department's advocacy and coordination work as well as its program delivery.  For example, a comprehensive analysis of socio-economic indicators for Western Canada (State of the West) helped inform senior management of the regional strengths, opportunities and challenges related to Western Canada's economy and WD's priorities. Furthermore, the development of regional sector profiles supported the development of strategies for sector support with WD's priorities. Evidence–based analysis also supported stakeholder engagement.  For instance, monthly reporting and analysis of issues relevant to economic development in Western Canada has been used to inform stakeholders of key issues, challenges and opportunities in Western Canada.