Natural Resource Shocks and the Federal System: Boon and Curse?
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Authors
Boadway, Robin
Date
2006-09
Type
working paper
Language
en
Keyword
Fiscal Federalism 2007
Alternative Title
Abstract
The most stunning development affecting Canadian fiscal federalism in recent years has been the unprecedented oil and gas boom in Alberta and to a lesser extent its neighboring provinces. This has led to an ongoing shift of economic activity and of people to Alberta, and a level of horizontal imbalance between Alberta and the rest of Canada that is beyond the capability of the equalization system to address. Moreover, there is the prospect for a great deal of possibly painful restructuring of industry elsewhere, including the manufacturing sector in central Canada. The purpose of this paper is to speculate on the implications of a major regional oil and gas boom—or any resource boom for that matter—for fiscal federalism and the operation of the decentralized Canadian federation.
Description
Paper from the IIGR "Fiscal Federalism and the Future of Canada – Conference Proceedings" held Sept 28-29, 2006 – Folio 4
Citation
Publisher
Queen's University Institute of Intergovernmental Relations