Evaluating provincial budgetary policy
Abstract: This paper reviews the period 1965‐84, providing an analysis of the contribution of provincial budgets to regional stabilization and the impact of budgets on the financial position of provincial governments. The perversity hypothesis, which proposes that provincial budgetary behaviour may...
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1988
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crwiley:10.1111/j.1754-7121.1988.tb02145.x 2023-12-03T10:26:12+01:00 Evaluating provincial budgetary policy Jamieson, Barbara Amirkhalkhali, Saleh 1988 http://dx.doi.org/10.1111/j.1754-7121.1988.tb02145.x https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fj.1754-7121.1988.tb02145.x https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1754-7121.1988.tb02145.x en eng Wiley http://onlinelibrary.wiley.com/termsAndConditions#vor Canadian Public Administration volume 31, issue 1, page 81-94 ISSN 0008-4840 1754-7121 Public Administration Sociology and Political Science journal-article 1988 crwiley https://doi.org/10.1111/j.1754-7121.1988.tb02145.x 2023-11-09T14:13:28Z Abstract: This paper reviews the period 1965‐84, providing an analysis of the contribution of provincial budgets to regional stabilization and the impact of budgets on the financial position of provincial governments. The perversity hypothesis, which proposes that provincial budgetary behaviour may serve to exacerbate rather than reduce cyclical swings in local economies, is examined. An effort is made to differentiate between the automatic and discretionary components of provincial budgets, by calculating cyclically and inflation‐adjusted revenues, expenditures and budget balances. A budget balance analysis arrives at the following conclusions: the behaviour of provincial budgets, including both automatic and discretionary components, was stabilizing, for the most part, during the study period; however, in most cases, discretionary budgetary policy was perverse. A regression analysis arrives at the following conclusions: in Newfoundland, New Brunswick, Manitoba and Saskatchewan, both revenue and expenditure policy demonstrated neutral cyclical behaviour during the study period; in Nova Scotia and British Columbia, destabilizing expenditure‐side behaviour offset stabilizing revenue‐side behaviour, while in Quebec, Ontario and Alberta, stabilizing expenditure changes may have dominated destabilizing revenue changes; in Nova Scotia and Manitoba, the long‐run rate of expenditure growth exceeded the rate of revenue growth, suggesting a possible structural deficit problem, while the other provinces appear to have exercised greater financial control; and provincial expenditure policy was affected by the electoral cycle, while revenue policy appears to have been unaffected. It is expected that provincial involvement in cyclical regulation will be limited in the immediate future and that the provinces will take further steps to shore up their finances, following the stresses that were imposed on their budgets by the last recession. Sommaire: Cet article passe en revue la période 1965–1984 et analyse le rôle des budgets ... Article in Journal/Newspaper Newfoundland Wiley Online Library (via Crossref) Canadian Public Administration 31 1 81 94 |
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Open Polar |
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Wiley Online Library (via Crossref) |
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crwiley |
language |
English |
topic |
Public Administration Sociology and Political Science |
spellingShingle |
Public Administration Sociology and Political Science Jamieson, Barbara Amirkhalkhali, Saleh Evaluating provincial budgetary policy |
topic_facet |
Public Administration Sociology and Political Science |
description |
Abstract: This paper reviews the period 1965‐84, providing an analysis of the contribution of provincial budgets to regional stabilization and the impact of budgets on the financial position of provincial governments. The perversity hypothesis, which proposes that provincial budgetary behaviour may serve to exacerbate rather than reduce cyclical swings in local economies, is examined. An effort is made to differentiate between the automatic and discretionary components of provincial budgets, by calculating cyclically and inflation‐adjusted revenues, expenditures and budget balances. A budget balance analysis arrives at the following conclusions: the behaviour of provincial budgets, including both automatic and discretionary components, was stabilizing, for the most part, during the study period; however, in most cases, discretionary budgetary policy was perverse. A regression analysis arrives at the following conclusions: in Newfoundland, New Brunswick, Manitoba and Saskatchewan, both revenue and expenditure policy demonstrated neutral cyclical behaviour during the study period; in Nova Scotia and British Columbia, destabilizing expenditure‐side behaviour offset stabilizing revenue‐side behaviour, while in Quebec, Ontario and Alberta, stabilizing expenditure changes may have dominated destabilizing revenue changes; in Nova Scotia and Manitoba, the long‐run rate of expenditure growth exceeded the rate of revenue growth, suggesting a possible structural deficit problem, while the other provinces appear to have exercised greater financial control; and provincial expenditure policy was affected by the electoral cycle, while revenue policy appears to have been unaffected. It is expected that provincial involvement in cyclical regulation will be limited in the immediate future and that the provinces will take further steps to shore up their finances, following the stresses that were imposed on their budgets by the last recession. Sommaire: Cet article passe en revue la période 1965–1984 et analyse le rôle des budgets ... |
format |
Article in Journal/Newspaper |
author |
Jamieson, Barbara Amirkhalkhali, Saleh |
author_facet |
Jamieson, Barbara Amirkhalkhali, Saleh |
author_sort |
Jamieson, Barbara |
title |
Evaluating provincial budgetary policy |
title_short |
Evaluating provincial budgetary policy |
title_full |
Evaluating provincial budgetary policy |
title_fullStr |
Evaluating provincial budgetary policy |
title_full_unstemmed |
Evaluating provincial budgetary policy |
title_sort |
evaluating provincial budgetary policy |
publisher |
Wiley |
publishDate |
1988 |
url |
http://dx.doi.org/10.1111/j.1754-7121.1988.tb02145.x https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fj.1754-7121.1988.tb02145.x https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1754-7121.1988.tb02145.x |
genre |
Newfoundland |
genre_facet |
Newfoundland |
op_source |
Canadian Public Administration volume 31, issue 1, page 81-94 ISSN 0008-4840 1754-7121 |
op_rights |
http://onlinelibrary.wiley.com/termsAndConditions#vor |
op_doi |
https://doi.org/10.1111/j.1754-7121.1988.tb02145.x |
container_title |
Canadian Public Administration |
container_volume |
31 |
container_issue |
1 |
container_start_page |
81 |
op_container_end_page |
94 |
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1784275406995587072 |