The accumulation of public debt in Canada

Authors
Kneebone, R Leach, J
Citation
R. Kneebone et J. Leach, The accumulation of public debt in Canada, CAN PUBL P, 27(3), 2001, pp. 297-312
Citations number
9
Categorie Soggetti
Politucal Science & public Administration
Journal title
CANADIAN PUBLIC POLICY-ANALYSE DE POLITIQUES
ISSN journal
03170861 → ACNP
Volume
27
Issue
3
Year of publication
2001
Pages
297 - 312
Database
ISI
SICI code
0317-0861(200109)27:3<297:TAOPDI>2.0.ZU;2-V
Abstract
Pierre Fortin's analysis of the causes of the increase in Canada's debt-to- output ratio is reconsidered. We find that the analysis hinges upon a numbe r of supplementary decisions, and that reasonable choices give rise to resu lts strikingly different from those obtained by Fortin. We also extend Fort in's analysis to examine the causes of debt accumulation by level of govern ment. This exercise shows that the causes of debt accumulation are very dif ferent at the federal and subnational levels.