The Accumulation of Public Debt in Canada

18 Pages Posted: 18 Jan 2002

See all articles by Ronald D. Kneebone

Ronald D. Kneebone

University of Calgary - The School of Public Policy; University of Calgary - Department of Economics

John Leach

McMaster University - Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: March 2001

Abstract

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 number of supplementary decisions, and that reasonable choices give rise to results strikingly different from those obtained by Fortin. We also extend Fortin's analysis to examine the causes of debt accumulation by level of government. This exercise shows that the causes of debt accumulation are very different at the federal and sub-national levels.

Keywords: Public debt accumulation, Canada, federal, sub-national

JEL Classification: E6, H6, H7

Suggested Citation

Kneebone, Ron and Leach, John, The Accumulation of Public Debt in Canada (March 2001). Available at SSRN: https://ssrn.com/abstract=297242 or http://dx.doi.org/10.2139/ssrn.297242

Ron Kneebone (Contact Author)

University of Calgary - The School of Public Policy

Calgary, Alberta
Canada

University of Calgary - Department of Economics ( email )

2500 University Drive, NW
Calgary, Alberta T2N 1N4
Canada

John Leach

McMaster University - Department of Economics ( email )

Hamilton, Ontario L8S 4M4
Canada

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