The economic literature has been investigating the positive relation between public infrastructure spending and the productivity of the private sector since Munnell (1992). We have introduced this relationship into a recursive dynamic computable general equilibrium model of the Quebec economy to...

Recent decentralization reforms in developing countries have often lead to the coexistence of multiple tiers of government in given policy areas, triggering new accountability issues. This paper provides a novel theoretical treatment of the efficiency consequences of such ‘partial expenditure...

This paper compares the public indebtedness of the Canadian provinces and the US states (including a share of the federal debt) over the 2000-2007 period. It presents rankings of the most indebted subnational jurisdictions based on five public debt concepts. Among the provinces, Quebec (with the...