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Wilfrid Laurier University Lazaridis School of Business & Economics
October 28, 2016
Canadian Excellence



2002-04 EC: Canada's National Debts and Canada's International Debts: Ricardian Non-equivalence in an Open Economy (working paper)

Johnson. D.

published: 2002 | Research publication | Working Paper - Economics

ABSTRACT:  A major cost of Canada government deficit leads to an increase in Canada controversial, favours this interpretation as the primary effect of government deficits in Canada. Large government debts crowded out the accumulation of foreign assets by Canadians. If Canada had operated with smaller government deficits through the latter part of the 20 debts would be substantially smaller today. If Canada continues to reduce its national debt, such a policy will further reduce Canada production in Canada is used to service and repay those international debts and Canadians and their governments will have more resources available for other uses.=s large government deficits from 1975 to 1996 was a substantial increase in=s foreign indebtedness. If the Ricardian equivalence proposition is not valid, an increase in the=s international debts. The evidence, althoughth century, Canada=s foreign=s international debts. If international debts are smaller, then less

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revised Mar 7/05

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