Bulletin n. 1/2013
June 2013
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Stephen Tapp
    The Use and Effectiveness of Fiscal Rules in Canadian Provinces
    in Canadian Public Policy , volume 39 n.1 ,  2013 ,  45-70
    This paper studies the fiscal rules used by Canadian provincial governments during 1981–2007, by employing various empirical approaches including panel regressions, instrumental variables, and difference-in-difference estimators. The results suggest that the type of fiscal rule matters, as budget balance and debt rules were effective whereas revenue and spending rules were ineffective on average over this period. Specifically, the preferred point estimates imply that budget balance rules were associated with improved budgetary balances of 0.8 percentage points of GDP, while debt rules were associated with net debt-to-GDP ratios that were 1.5 percentage points better on average.
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