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Resource Specialization and Economic Performance: A Canadian Case Study, 1970-2005

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  • Ian Keay

Abstract

The main objective of this paper is to identify the channels through which specialization in resource-intensive production had an impact on the performance of the aggregate Canadian economy over the 1970-2005 period. As a whole, the Canadian resource sector appears to have been making substantial direct and indirect contributions to aggregate economic performance since 1970, and we can find little evidence of strong or consistent crowding-out effects. There are, however, some important caveats. In particular, the significance of the resource sector's contributions was strongly influenced by the key role played by the energy extraction industries.

Suggested Citation

  • Ian Keay, 2009. "Resource Specialization and Economic Performance: A Canadian Case Study, 1970-2005," Canadian Public Policy, University of Toronto Press, vol. 35(3), pages 291-313, September.
    • Handle: RePEc:cpp:issued:v:35:y:2009:i:3:p:291-313
    DOI: 10.3138/cpp.35.3.291
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    Cited by:

    1. Ian Keay, 2010. "The Impact Of Commodity Price Volatility On Resource Intensive Economies," Working Paper 1274, Economics Department, Queen's University.
    2. Ian Keay & Cherie Metcalf, 2011. "Property Rights, Resource Access, and Long‐Run Growth," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 8(4), pages 792-829, December.
    3. Oliver Loertscher & Pau S. Pujolas, 2023. "Canadian Productivity Growth: Stuck in the Oil Sands," Department of Economics Working Papers 2023-01, McMaster University.

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