The Fraser Institute

The Fraser Institute

March 22, 2010 09:30 ET

Fraser Institute to Release New Study Measuring Impact of Government Stimulus Efforts on Canadian Economy

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 22, 2010) - A new study measuring whether or not government stimulus packages contributed to Canada's economic turnaround in 2009 will be released Tuesday, March 23 by the Fraser Institute, one of Canada's leading public policy think-tanks.

The study, Did Government Stimulus Fuel Economic Growth In Canada? An Analysis of Statistics Canada Data, gauges the effect of government stimulus programs by examining Statistics Canada data on the contributions of government spending, government investment, and private-sector activity to the improvement in economic growth between the second and third quarters and third and fourth quarters of 2009.

With the onslaught of the global recession in 2008, Canadian governments at both the federal and provincial levels implemented a variety of fiscal stimulus packages in the hopes of kick-starting economic activity. The federal government introduced its $47.2 billion Economic Action Plan, a stimulus package heavily weighted to new spending initiatives, although it did include some tax breaks.

"With the Canadian economy now recovering, it is critical to measure government attempts to stimulate the economy and determine what impact, if any, the stimulus packages had," said Niels Veldhuis, Fraser Institute senior economist.

A news release with additional information about the study will be issued via Marketwire on Tuesday, March 23 at 6:30 a.m. Eastern.

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The Fraser Institute is an independent research and educational organization with locations across North America and partnerships in more than 70 countries. Its mission is to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org.

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