When provincial and state populations exceed 9.5 million, government spending and taxes tend to increase; implications for Ontario, California and New
The Determinants of Subnational Economic Freedom, Fraser Institute’s Economic Freedom of North America report
By Fraser Institute —— Bio and Archives--July 7, 2021
Canadian News, Opinion | Comments | Back To Full Article
VANCOUVER—Provinces and states such as Ontario, California and New York whose populations have grown beyond 9.5 million people tend to have higher levels of government spending, higher taxes and less flexible labour markets, finds a new study released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.
“Government spending and taxes, and labour market flexibility, or what has been referred to as economic freedom is linked high levels of prosperity, economic growth and overall well-being,” said Professor Russell Sobel, senior fellow at the Fraser Institute and author of The Determinants of Subnational Economic Freedom.Welcome to CFP’s Comment Section!
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