The Role of Crown Corporations in the Canadian Economy: An Analytical Framework

42 Pages Posted: 27 Mar 2012

See all articles by Edward Iacobucci

Edward Iacobucci

University of Toronto - Faculty of Law

Michael J. Trebilcock

University of Toronto - Faculty of Law

Date Written: March 26, 2012

Abstract

Government interference in markets arouses heated emotions on both sides of the political spectrum. But the fact remains that governments of all stripes routinely play a direct role in the economy. Motivations run the gamut from the economic (correcting perceived market failures) to the ethical (addressing social injustice) to the nakedly political (ideology or the status quo demands it). This paper offers a highly readable theoretical and practical framework for understanding federal and provincial governments’ market interventions in sectors including power generation, alcohol and mail delivery. Public ownership can advance a range of normative objectives, so the choices, reasons and outcomes for the government, the Canadian economy, Crown corporation employees and the general public can vary as widely as the enterprises involved. But in asking why and how and assessing ways and means, the authors bring together a substantial body of knowledge and expertise, providing an essential guide to a phenomenon that, like it or not, will remain a major part of Canada’s economic landscape for a long time to come.

Keywords: business, Canada Post, enterprise, government, intervention, market, private, privatization, public, state owned, Canada

JEL Classification: L33, L32

Suggested Citation

Iacobucci, Edward M. and Trebilcock, Michael J., The Role of Crown Corporations in the Canadian Economy: An Analytical Framework (March 26, 2012). SPP Research Paper No. 12-9, Available at SSRN: https://ssrn.com/abstract=2029931 or http://dx.doi.org/10.2139/ssrn.2029931

Edward M. Iacobucci

University of Toronto - Faculty of Law ( email )

78 and 84 Queen's Park
Toronto, Ontario M5S 2C5
Canada
416-978-2694 (Phone)
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Michael J. Trebilcock (Contact Author)

University of Toronto - Faculty of Law ( email )

78 and 84 Queen's Park
Toronto, Ontario M5S 2C5
Canada
416-978-5843 (Phone)
416-978-1279 (Fax)

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