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- 1. Export Market Dynamics and Plant-level Productivity: Impact of Tariff Reductions and Exchange Rate Cycles ArchivedArticles and reports: 11F0027M2010063Geography: CanadaDescription:
This paper examines how trade liberalization and fluctuations in real exchange rates affect export-market entry/exit and plant-level productivity. It uses the experience of Canadian manufacturing plants over three separate periods that featuring different rates of bilateral tariff reduction and differing movements in bilateral real exchange rates. The patterns of entry and exit responses as well as the productivity outcomes differ markedly in the three periods. Consistent with much of the recent literature, the paper finds that plants self-select into export markets-that is, more efficient plants are more likely to enter and less likely to exit export markets. The reverse also occurs: entrants to export markets improve their productivity performance relative to the population from which they originated and plants that stay in export markets do better than comparable plants that exited, lending support to the thesis that exporting boosts productivity. Finally, we find that overall market access conditions, including real exchange rate trends, significantly affect the extent of productivity gains to be derived from participating in export markets. In particular, the increase in the value of the Canadian dollar during the post-2002 period almost completely offset the productivity growth advantages that new export-market participants would otherwise have enjoyed.
Release date: 2010-06-25 - Articles and reports: 11F0027M2010061Geography: CanadaDescription:
We examine the simultaneous effects of real-exchange-rate movements and of tariff reductions on plant death in Canadian manufacturing industries between 1979 and 1996. We find that both currency appreciation and tariff cuts increase the probability of plant death, but that tariff reductions have a much greater effect. Consistent with the implications of recent international-trade models involving heterogeneous firms, we further find that the effect of exchange-rate movements and tariff cuts on exit are heterogeneous across plants - particularly pronounced among least efficient plants. Our results reveal multi-dimensional heterogeneity that current models featuring one-dimensional heterogeneity (efficiency differences among plants) cannot fully explain. There are significant and substantial differences between exporters and non-exporters, and between domestic- and foreign- controlled plants. Exporters and foreign-owned plants have much lower failure rates; however, their survival is more sensitive to changes in tariffs and real exchange rates, whether differences in their efficiency levels are controlled or not.
Release date: 2010-04-14 - 3. Plant Size, Nationality, and Ownership Change ArchivedArticles and reports: 11F0027M2010060Geography: CanadaDescription:
This paper asks whether synergies or managerial discipline operates in different ways across small versus large plants to affect the likelihood of mergers. Our findings indicate that those characteristics which provide the type of synergies upon which ownership changes rely are important factors leading to plant-ownership changes across most size classes. The magnitudes, however, are different across plant-size classes, with synergies generally being more important in larger plants.
Foreign plants in all size classes are more likely to be taken over. The effective rates of control change differ much more in the small than in the larger size classes. Compared to domestic plants, multinational plants in the smaller size classes contain relatively more of the type of intangible capital that makes them attractive vehicles for the transmission of new knowledge via takeover.
Release date: 2010-02-25 - 4. Differences in the characteristics of innovative and non-innovative manufacturing plants ArchivedArticles and reports: 88-003-X200900110849Geography: CanadaDescription:
This article explores differences in characteristics of innovative and non-innovative manufacturing plants in Canada using results from the Survey of Innovation (SOI) 2005. It finds that innovative plants are more likely than non-innovators to be large, to have employees with higher education credentials, to engage in research and development (R&D) and marketing activities and to have full-time R&D employees. Innovative plants are also more likely to receive external funding, to export and import, to use both formal and informal methods of intellectual property protection, and to have differences in how they rate the importance of success factors.
Release date: 2009-06-05 - Articles and reports: 11F0027M2009056Geography: CanadaDescription:
This paper examines the characteristics of plants in the manufacturing sector undergoing changes in ownership to further our understanding of the underlying causes of mergers and acquisitions. Previous Canadian studies (Baldwin 1995; Baldwin and Caves 1991) compare the performance of merged plants at the beginning and the end of the 1970s. This paper examines annual changes that occurred over the 1970s, 1980s, and 1990s to provide a longer-run perspective. In doing so, it outlines the amount of change taking place (both the number of plants affected and the share of employment) and the characteristics of plants that led to their takeover. Differences between foreign and domestic takeovers are also examined.
Release date: 2009-06-04 - 6. Productivity Spillovers from Competitive Reallocation: Evidence from Canadian Manufacturing Plants ArchivedArticles and reports: 15-206-X2009024Description:
This paper uses plant-level data on productivity growth and changes in market share over different periods during the 1970s, 1980s, and 1990s to investigate whether plants with declining market shares obtain productivity spillovers from more successful producers and whether the impact of spillovers is affected by the distance between plants. We are primarily interested in the extent to which productivity externalities moderate the centrifugal forces that separate growing plants from declining rivals because of the productivity advantages enjoyed by the former.
The paper focuses on the productivity performance of plants with declining market shares as potential receivers of productivity spillovers. Two possible sources for these spillovers are examined rival plants operating at the technological frontier and rivals that are actively gaining market share. The analysis advances a model of the externality process in which the productivity of declining plants is influenced by (1) the economic distance of the declining plant from its technological frontier at the beginning of any period, (2) contemporaneous productivity gains in rival plants that are actively wresting market share away from decliners, and (3) the distance between rival plants.
We evaluate the existence and magnitude of these sources of spillovers frontier plants and market-share gainers because of what they reveal about the types of productive information that struggling plants may be able to assimilate from rivals. Spillovers from the plants at the existing frontier are likely to reflect the established best practices of industry leaders; spillovers coming from market-share gainers involve new sources of productive knowledge that emerge as the frontier is actively being re-established. Our model also incorporates geographic information on the proximity of declining plants to both frontier plants and market-share gainers to test whether productivity spillovers are spatially circumscribed. The results provide evidence that productivity improvements in more successful plants benefit their struggling rivals and that these benefits are inversely related to distance; however, the magnitude of spillovers from growing plants to decliners is relatively small. Spillovers do not offer much of a safety net for producers that are losing the productivity race. The paper also shows that declining plants that start out behind the technological frontier are likely to fall further behind, after the impact of mean reversion is taken into account.
Release date: 2009-05-19 - 7. Outsourcing and Offshoring in Canada ArchivedArticles and reports: 11F0027M2008055Geography: CanadaDescription:
This paper has three main objectives. First, it presents the long-term trends in outsourcing and offshoring across Canadian industries. Second, it examines the relationship between offshoring and changes in trade patterns at the industry level. It focuses on two major drivers that some have suggested are behind the recent trends toward offshoring: globalization and technological changes associated with information and communications technologies. Third, the paper examines the economic impact of offshoring by investigating the relationship between the extent of offshoring and productivity growth, shifts to high value-added activities and changes in labour markets.
Release date: 2008-05-23 - 8. The use of patents and the protection of intellectual property in the Canadian manufacturing industry ArchivedArticles and reports: 88-003-X200800110584Geography: CanadaDescription:
Using data from the Survey of Innovation 2005, this article will examine the use of patents by Canadian manufacturing plants. Survey findings establish that plants use strategic methods more than patents for intellectual property protection. Patent use varies both by how big the plant is and whether it is innovative or non-innovative. In addition, the use of patents by Canadian manufacturing plants varies by the subsector in which they are classified.
Release date: 2008-05-22 - Articles and reports: 88-003-X200800110595Geography: CanadaDescription:
The 2005 Survey of Innovation asked non-innovative manufacturing plants why they did not innovate; that is, why they did not introduce a new or significantly improved product or process to the market during the three-year reference period 2002 to 2004. Lack of market demand was the main response. An examination of repondents' other specified reasons shows that some non-innovators may actually be innovative although they do not perceive themselves to be. Innovative and non-innovative plants perceive success factors, such as developing and seeking new markets, in significantly different ways. Non-innovative plants are not expected to be innovative in the near future.
Release date: 2008-05-22 - 10. Adapting to Import Competition: Effects of Low-wage Trade on Commodity Mix in Canadian Manufacturing Plants ArchivedArticles and reports: 11F0027M2008054Geography: CanadaDescription:
The paper investigates how Canadian manufacturing plants adjust to an increase in low-wage import competition by changing their commodity portfolios. At the commodity level, we distinguish between 'core' versus 'peripheral' and differentiated versus homogeneous commodities. We also account for cost and technological complementarities using input-output linkages between commodities produced by a plant. We document large commodity turnover within plants over the period from 1988 to 1996. The largest changes happened in multi-commodity plants and involved peripheral commodities. The commodities that were affected the most were those commodities that are potentially used as inputs in production of the 'core' commodity; homogeneous (rather than differentiated) commodities; and, commodities with relatively weak input complementarities with the core product. Plants experiencing large import competition shifted their output toward production of their core commodity and away from production of unrelated peripheral commodities.
Release date: 2008-05-16
Data (1)
Data (1) ((1 result))
- 1. Building Permits, Annual Summary ArchivedTable: 64-203-XDescription:
This annual publication includes detailed analysis and charts depicting construction activity over the last decade. The tables are comparable to those in the monthly publication 64-001-XPB Building permits. In addition, the annual publication includes revised monthly data, on a seasonally adjusted basis, for the previous three years.
Release date: 1998-03-30
Analysis (32)
Analysis (32) (0 to 10 of 32 results)
- 1. Export Market Dynamics and Plant-level Productivity: Impact of Tariff Reductions and Exchange Rate Cycles ArchivedArticles and reports: 11F0027M2010063Geography: CanadaDescription:
This paper examines how trade liberalization and fluctuations in real exchange rates affect export-market entry/exit and plant-level productivity. It uses the experience of Canadian manufacturing plants over three separate periods that featuring different rates of bilateral tariff reduction and differing movements in bilateral real exchange rates. The patterns of entry and exit responses as well as the productivity outcomes differ markedly in the three periods. Consistent with much of the recent literature, the paper finds that plants self-select into export markets-that is, more efficient plants are more likely to enter and less likely to exit export markets. The reverse also occurs: entrants to export markets improve their productivity performance relative to the population from which they originated and plants that stay in export markets do better than comparable plants that exited, lending support to the thesis that exporting boosts productivity. Finally, we find that overall market access conditions, including real exchange rate trends, significantly affect the extent of productivity gains to be derived from participating in export markets. In particular, the increase in the value of the Canadian dollar during the post-2002 period almost completely offset the productivity growth advantages that new export-market participants would otherwise have enjoyed.
Release date: 2010-06-25 - Articles and reports: 11F0027M2010061Geography: CanadaDescription:
We examine the simultaneous effects of real-exchange-rate movements and of tariff reductions on plant death in Canadian manufacturing industries between 1979 and 1996. We find that both currency appreciation and tariff cuts increase the probability of plant death, but that tariff reductions have a much greater effect. Consistent with the implications of recent international-trade models involving heterogeneous firms, we further find that the effect of exchange-rate movements and tariff cuts on exit are heterogeneous across plants - particularly pronounced among least efficient plants. Our results reveal multi-dimensional heterogeneity that current models featuring one-dimensional heterogeneity (efficiency differences among plants) cannot fully explain. There are significant and substantial differences between exporters and non-exporters, and between domestic- and foreign- controlled plants. Exporters and foreign-owned plants have much lower failure rates; however, their survival is more sensitive to changes in tariffs and real exchange rates, whether differences in their efficiency levels are controlled or not.
Release date: 2010-04-14 - 3. Plant Size, Nationality, and Ownership Change ArchivedArticles and reports: 11F0027M2010060Geography: CanadaDescription:
This paper asks whether synergies or managerial discipline operates in different ways across small versus large plants to affect the likelihood of mergers. Our findings indicate that those characteristics which provide the type of synergies upon which ownership changes rely are important factors leading to plant-ownership changes across most size classes. The magnitudes, however, are different across plant-size classes, with synergies generally being more important in larger plants.
Foreign plants in all size classes are more likely to be taken over. The effective rates of control change differ much more in the small than in the larger size classes. Compared to domestic plants, multinational plants in the smaller size classes contain relatively more of the type of intangible capital that makes them attractive vehicles for the transmission of new knowledge via takeover.
Release date: 2010-02-25 - 4. Differences in the characteristics of innovative and non-innovative manufacturing plants ArchivedArticles and reports: 88-003-X200900110849Geography: CanadaDescription:
This article explores differences in characteristics of innovative and non-innovative manufacturing plants in Canada using results from the Survey of Innovation (SOI) 2005. It finds that innovative plants are more likely than non-innovators to be large, to have employees with higher education credentials, to engage in research and development (R&D) and marketing activities and to have full-time R&D employees. Innovative plants are also more likely to receive external funding, to export and import, to use both formal and informal methods of intellectual property protection, and to have differences in how they rate the importance of success factors.
Release date: 2009-06-05 - Articles and reports: 11F0027M2009056Geography: CanadaDescription:
This paper examines the characteristics of plants in the manufacturing sector undergoing changes in ownership to further our understanding of the underlying causes of mergers and acquisitions. Previous Canadian studies (Baldwin 1995; Baldwin and Caves 1991) compare the performance of merged plants at the beginning and the end of the 1970s. This paper examines annual changes that occurred over the 1970s, 1980s, and 1990s to provide a longer-run perspective. In doing so, it outlines the amount of change taking place (both the number of plants affected and the share of employment) and the characteristics of plants that led to their takeover. Differences between foreign and domestic takeovers are also examined.
Release date: 2009-06-04 - 6. Productivity Spillovers from Competitive Reallocation: Evidence from Canadian Manufacturing Plants ArchivedArticles and reports: 15-206-X2009024Description:
This paper uses plant-level data on productivity growth and changes in market share over different periods during the 1970s, 1980s, and 1990s to investigate whether plants with declining market shares obtain productivity spillovers from more successful producers and whether the impact of spillovers is affected by the distance between plants. We are primarily interested in the extent to which productivity externalities moderate the centrifugal forces that separate growing plants from declining rivals because of the productivity advantages enjoyed by the former.
The paper focuses on the productivity performance of plants with declining market shares as potential receivers of productivity spillovers. Two possible sources for these spillovers are examined rival plants operating at the technological frontier and rivals that are actively gaining market share. The analysis advances a model of the externality process in which the productivity of declining plants is influenced by (1) the economic distance of the declining plant from its technological frontier at the beginning of any period, (2) contemporaneous productivity gains in rival plants that are actively wresting market share away from decliners, and (3) the distance between rival plants.
We evaluate the existence and magnitude of these sources of spillovers frontier plants and market-share gainers because of what they reveal about the types of productive information that struggling plants may be able to assimilate from rivals. Spillovers from the plants at the existing frontier are likely to reflect the established best practices of industry leaders; spillovers coming from market-share gainers involve new sources of productive knowledge that emerge as the frontier is actively being re-established. Our model also incorporates geographic information on the proximity of declining plants to both frontier plants and market-share gainers to test whether productivity spillovers are spatially circumscribed. The results provide evidence that productivity improvements in more successful plants benefit their struggling rivals and that these benefits are inversely related to distance; however, the magnitude of spillovers from growing plants to decliners is relatively small. Spillovers do not offer much of a safety net for producers that are losing the productivity race. The paper also shows that declining plants that start out behind the technological frontier are likely to fall further behind, after the impact of mean reversion is taken into account.
Release date: 2009-05-19 - 7. Outsourcing and Offshoring in Canada ArchivedArticles and reports: 11F0027M2008055Geography: CanadaDescription:
This paper has three main objectives. First, it presents the long-term trends in outsourcing and offshoring across Canadian industries. Second, it examines the relationship between offshoring and changes in trade patterns at the industry level. It focuses on two major drivers that some have suggested are behind the recent trends toward offshoring: globalization and technological changes associated with information and communications technologies. Third, the paper examines the economic impact of offshoring by investigating the relationship between the extent of offshoring and productivity growth, shifts to high value-added activities and changes in labour markets.
Release date: 2008-05-23 - 8. The use of patents and the protection of intellectual property in the Canadian manufacturing industry ArchivedArticles and reports: 88-003-X200800110584Geography: CanadaDescription:
Using data from the Survey of Innovation 2005, this article will examine the use of patents by Canadian manufacturing plants. Survey findings establish that plants use strategic methods more than patents for intellectual property protection. Patent use varies both by how big the plant is and whether it is innovative or non-innovative. In addition, the use of patents by Canadian manufacturing plants varies by the subsector in which they are classified.
Release date: 2008-05-22 - Articles and reports: 88-003-X200800110595Geography: CanadaDescription:
The 2005 Survey of Innovation asked non-innovative manufacturing plants why they did not innovate; that is, why they did not introduce a new or significantly improved product or process to the market during the three-year reference period 2002 to 2004. Lack of market demand was the main response. An examination of repondents' other specified reasons shows that some non-innovators may actually be innovative although they do not perceive themselves to be. Innovative and non-innovative plants perceive success factors, such as developing and seeking new markets, in significantly different ways. Non-innovative plants are not expected to be innovative in the near future.
Release date: 2008-05-22 - 10. Adapting to Import Competition: Effects of Low-wage Trade on Commodity Mix in Canadian Manufacturing Plants ArchivedArticles and reports: 11F0027M2008054Geography: CanadaDescription:
The paper investigates how Canadian manufacturing plants adjust to an increase in low-wage import competition by changing their commodity portfolios. At the commodity level, we distinguish between 'core' versus 'peripheral' and differentiated versus homogeneous commodities. We also account for cost and technological complementarities using input-output linkages between commodities produced by a plant. We document large commodity turnover within plants over the period from 1988 to 1996. The largest changes happened in multi-commodity plants and involved peripheral commodities. The commodities that were affected the most were those commodities that are potentially used as inputs in production of the 'core' commodity; homogeneous (rather than differentiated) commodities; and, commodities with relatively weak input complementarities with the core product. Plants experiencing large import competition shifted their output toward production of their core commodity and away from production of unrelated peripheral commodities.
Release date: 2008-05-16
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