Intertemporal Choice, the Public Sector and Canada's Balance of Payments

Gordon Sparks

Working Paper from Economics Department, Queen's University

Abstract: This paper analyzes the relationship between the current account deficit in Canada and the public sector deficit. The hypothesis that the public sector deficit is a major determinant of the current account deficit in the U.K. has become known as the New Cambridge approach to the balance of payments. A Fisherian model of intertemporal choice with a detailed public sector is used. We consider the extent public spending is viewed as a direct substitute for private consumption or capital accumulation.

Pages: 16
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:429

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