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BREAKING THE BOOM AND BUST: EXPLORING THIRTY YEARS OF DIVERSIFICATION IN WESTERN CANADA AgEcon
Chambers, Edward J.; Ryan, Chris.
The topic of diversification has been studied extensively by academics and policy makers. The theory of diversification, dating back to the 1930s and the Great Depression, suggests that increasing the variety of industries in a region spreads the risk and reduces the likelihood that all industries will suffer a downturn at the same time. This serves to mitigate the boom and bust pattern often experienced by a heavy reliance on a limited number of industries, which in three of the four western provinces, means natural resource-based industries. This study examines diversification progress in the four western provinces over the last 30 years. The time span covers the greatest progress in trade liberalization policy in the nation’s history, and the evidence...
Tipo: Report Palavras-chave: Alberta; Western Canada; Diversification; "boom and bust"; Shift-share; Portfolio choice; Employment; Sector shift; Development; Policy; Policies; Economic history; History; Retrospective; Location quotients; Industrial Organization; Labor and Human Capital; Political Economy; Public Economics; Resource /Energy Economics and Policy; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/60429
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WESTERN CANADA’S EXPORTS: CAUSES AND IMPLICATIONS OF CHANGING COMPETITIVENESS IN KEY MARKETS AgEcon
Mirus, Rolf; Ryan, Chris.
This report surveys the export performance of Western Canadian goods producers for the period 1995 to 2007. During that period Canada’s GDP growth outpaced export growth, but Western Canada’s exports grew at a faster rate than Canada’s exports overall, resulting in increased weight of Western exports in Canada’s total. As well, Western Canada’s exports have shifted significantly towards the NAFTA markets of US and Mexico. The composition of products exported from the West and the individual provinces is shown in detail. Each province is found to have unique export strengths. During the observation period, B.C.’s exports were the most volatile and Manitoba’s the least, but overall the provincial economies of Alberta and Saskatchewan were the most volatile....
Tipo: Report Palavras-chave: Western Canada; International trade; Trade; Competitiveness; Key markets; NAFTA; FTA; Free trade agreements; Imports; Exports; United States; Alberta; Western provinces; International Development; International Relations/Trade; Political Economy; Public Economics.
Ano: 2008 URL: http://purl.umn.edu/60430
Registros recuperados: 2
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