The Accumulation of Public Debt in Canada
18 Pages Posted: 18 Jan 2002
Date Written: March 2001
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: Suggested Citation