IDEAS home Printed from https://ideas.repec.org/p/stc/stcp2e/2006015e.html
   My bibliography  Save this paper

National and Regional Trends in Business Bankruptcies, 1980 to 2005

Author

Listed:
  • Lecavalier, Cindy

Abstract

This paper provides an overview of the long-run trend in business bankruptcies in Canada, examines the reaction of bankruptcies by region to the stresses associated with fluctuations in the economy and analyses the relation between the incidence of bankruptcies and the economic health of the regions. Over the past 25 years, Canadian businesses have experienced a number of tumultuous periods. After 2 decades of high bankruptcy associated with 2 major recessions and the implementation of 2 free trade agreements in the 1980s and 1990s, bankruptcies have returned by 2005 to levels experienced in the early 1980s. At the same time, the differences between the bankruptcy rates of Ontario, Quebec and British Columbia fell as the intensity of bankruptcies in these 3 provinces converged. Throughout the period, bankruptcies in these 3 provinces moved in concert with unemployment rates in most provinces. The exceptions are Alberta and Nova Scotia, which experienced marked increases in bankruptcies in the early 1990s.

Suggested Citation

  • Lecavalier, Cindy, 2006. "National and Regional Trends in Business Bankruptcies, 1980 to 2005," Insights on the Canadian Economy 2006015e, Statistics Canada, Economic Analysis Division.
    • Handle: RePEc:stc:stcp2e:2006015e
    as

    Download full text from publisher

    File URL: http://www.statcan.gc.ca/bsolc/olc-cel/olc-cel?catno=11-624-M2006015&lang=eng
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Uluc Aysun & Ryan Brady & Adam Honig, 2011. "Financial Frictions and the Credit Channel of Monetary Transmission," Working Papers 2011-03, University of Central Florida, Department of Economics.

    More about this item

    Keywords

    Business performance and ownership; Financial statements and performance; Entry; exit; mergers and growth;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:stc:stcp2e:2006015e. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mark Brown (email available below). General contact details of provider: https://edirc.repec.org/data/stagvca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.