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

Desmond Beckstead, Richard Caves and John Baldwin

Analytical Studies Branch Research Paper Series from Statistics Canada, Analytical Studies Branch

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 increased 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: Business adaptation and adjustment; Business performance and ownership; International trade; Labour; Manufacturing; Merchandise exports; Workplace organization; innovation; performance (search for similar items in EconPapers)
Date: 2002-02-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:stc:stcp3e:2002179e

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