Tag Archive: stimulus

In defense of the stimulus

Mar 25, 2010
Earlier this week, the Fraser Institute published a controversial report which argued that the government stimulus did not do much for economic growth in the last two quarters of 2009, suggesting that government spending on infrastructure was useless. While their analysis suffers from serious shortcomings, which I outlined in a previous blog post here, their… View Article

The role of stimulus spending in the recovery

Mar 24, 2010
Yesterday, the Fraser Institute published a new report, which argues that the government stimulus did not drive Canadian economic growth in the last two quarters of 2009, suggesting that government spending on infrastructure was useless for the economy. The report earned the scorn of Federal Finance Minister Jim Flaherty, who called it “poorly done and it’s… View Article

Is the stimulus killing the P3 model?

Mar 27, 2009
While BC has not formally abandoned the P3 model, there is a notable absence of new P3 projects at a time when billions of dollars are being channeled to infrastructure spending. If P3s really provided value for money and brought the benefits of private sector efficiency and innovation to the delivery of public-sector infrastructure, then… View Article

The wrong kind of stimulus

Mar 13, 2009
I am a big fan of stimulus packages for our ailing economy. But my pitch has been that we need to use the occasion to retrofit our economy to be on a more sustainable footing. So it matters a great deal on what we spend those stimulus dollars. If we launch projects that take us… View Article

BC Budget 2009: Vanilla, No Sprinkles (revised)

Feb 17, 2009
Faced with a nasty recession at its doorstep, the BC budget is uninspiring and underwhelming in its ambition. Overall there is little that actively plans for a recession, preferring instead a steady-as-she-goes budget, perhaps aimed at cultivating the image of responsible economic managers in a time of crisis. There are no tax cuts or drastic… View Article