Loading...
Please wait, while we are loading the content...
Was Economic Growth Likely in Lower Canada?
| Content Provider | Scilit |
|---|---|
| Author | Bbdard, Mathieu Geloso, Vincent |
| Copyright Year | 2016 |
| Description | Journal: SSRN Electronic Journal Generally, the historical literature presents the period from 1817 to 1851 in Lower Canada (modern day Quebec) as one of negative economic growth. This period also coincides with the rise of free banking in the colony. We study the effects of free banking on economic growth using theoretical and empirical validations. Using the Equation of Exchange, we propose that given the increase in the stock of money and the reduction in the general price level, there must have been a positive rate of growth of income per capita during the period. Our theoretical discussion should conclusively end any debate over whether or not Lower Canada enjoyed a positive rate of economic growth. The only question remaining is why it was slower than that of the United States and the rest of Canada. |
| Related Links | http://journal.apee.org/index.php/ajax/GDMgetFile/2018_Journal_of_Private_Enterprise_Vol_33_No_3_Fall_parte1.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2828311 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.2828311 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2016-08-23 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal History and Philosophy of Science Lower Canada Economic Growth |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |
