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We compare the size, structure and evolution of the public sectors in Canada and the United States primarily using national income accounting data. In the course of this investigation, which is accompanied by a substantial spreadsheet covering the period from 1929 to 2003/2004, questions are...
Persistent link: https://www.econbiz.de/10012731350
We address the problem of how to investigate whether economics, or politics, or both, matter in the explanation of public policy. The problem is first posed in a particular context by uncovering a political business cycle (using Canadian data for 130 years) and by taking up the challenge to make...
Persistent link: https://www.econbiz.de/10012781541
Keynes' idea (1936) that governments can stabilize aggregate activity is one of the most important innovations in public policy thinking in the twentieth century. However, the extent to which Keynesian theory has actually influenced policy actions remains an open question. We reconsider the...
Persistent link: https://www.econbiz.de/10013319796
In this paper we show that the abundance of a natural resource such as oil need not present a curse for the domestic economy, dooming the non-oil sector to secondary status and a long period of stagnation and decline. Rather oil revenues can themselves be source of economy wide growth. What is...
Persistent link: https://www.econbiz.de/10010928927
This paper re-examines the relation between private economic performance and federal government size in Canada over the long 1870-2011 time period. The particular focus is on whether the effect of government size on private output has an inverted U shape with a tipping point. Its innovation is...
Persistent link: https://www.econbiz.de/10010928932
This paper asks why the governing party in a Westminster parliamentary system would ever surrender the right to choose the timing of the next election in favour of a fixed electoral cycle that precisely dates future elections. The analysis is directed at explaining Canada’s recent (2007)...
Persistent link: https://www.econbiz.de/10010928933
Persistent link: https://www.econbiz.de/10010931937
This paper asks whether comprehensive, non-interest government size has an inverted Ushaped effect on private economic output in Canada and whether its current size is too large relative to the estimated tipping point. Using data from 1929 through 2011 and controlling for both correlations...
Persistent link: https://www.econbiz.de/10011251851