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Government debt spillovers and creditworthiness in a federation

Landon, Stuart; Smith, Constance E. - In: The Canadian journal of economics 33 (2000) 3, pp. 634-661

Persistent link: https://www.econbiz.de/10001526792

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The public sector in an age of austerity : perspectives from Canada’s provinces and territories

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Government Debt Spillovers and Creditworthiness in a Federation

Landon, Stuart; Smith, Constance E. - 2001

Estimates are presented for the impact of debt accumulation by the central and subcentral governments of a federation on the creditworthiness of other federation member governments. The estimates, calculated using an ordered probit model and Canadian provincial data, indicate that debt...

Persistent link: https://www.econbiz.de/10014143569