Changes in the Diversification of Canadian Manufacturing Firms (1973-1997): A Move to Specialization

Statistics Canada, Analytical Studies - Micro-Economic Analysis Div. Series 11F0019MIE No. 179

45 Pages Posted: 8 Aug 2002

See all articles by John R. Baldwin

John R. Baldwin

Statistics Canada - Microeconomic Analysis Division

Desmond Beckstead

Statistics Canada

Richard E. Caves

Harvard University & Statistics Canada; Government of Canada - Analytical Studies Branch

Date Written: December 2001

Abstract

This paper studies changes in diversification of firms and plants since the early 1970s in the Canadian manufacturing sector. It finds that there has been a general increase in specialization of both firms and plants. Firms have been continuously reducing the span of industries in which they operate, particularly when the industries are unrelated. Commodity specialization has also occurred at the plant level; however, in contrast to industry specialization, the pace of commodity specialization emerged late in the period, around the time of implementation of the Free Trade Agreement between Canada and the United States. Plant specialization increased most in those plants that moved most strongly into export markets.

Keywords: Keywords: diversification, trade

Suggested Citation

Baldwin, John R. and Beckstead, Desmond and Caves, Richard E., Changes in the Diversification of Canadian Manufacturing Firms (1973-1997): A Move to Specialization (December 2001). Statistics Canada, Analytical Studies - Micro-Economic Analysis Div. Series 11F0019MIE No. 179, Available at SSRN: https://ssrn.com/abstract=316841 or http://dx.doi.org/10.2139/ssrn.316841

John R. Baldwin (Contact Author)

Statistics Canada - Microeconomic Analysis Division ( email )

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Desmond Beckstead

Statistics Canada ( email )

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Richard E. Caves

Harvard University & Statistics Canada ( email )

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