Le secteur financier et le développement économique du Québec
AbstractThis paper which reflects the methodology and the findings of a larger study present a regional analysis of the Canadian financial sector. It denotes an historical tendency towards overconcentration of financial institutions and activities in Toronto which emerges more and more as the only financial center in Canada. Financial intermediation is weakening in other parts of the country (British Columbia excepted), particularly in Quebec to which this article devotes most of its attention. The study of the interrelation between the financial sector and industrial activity strongly suggests that the absence of an active financial sector in a region, which has reached a stage of development comparable to that of Quebec, constitutes an impediment to a balanced economic development of that region. This result is strengthened when the output of a financial sector is enlarged to two jointly produced goods, capital and information, and when the information and transaction costs involved in the production of those two goods are taken into account. The main conclusion of this paper is that there may be conflicts between the pursuit of the greatest efficiency per se of a financial sector and the pursuit of the greatest efficiency in regard to economic development.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Société Canadienne de Science Economique in its journal L'Actualité économique.
Volume (Year): 50 (1974)
Issue (Month): 3 (juillet)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bruce Shearer).
If references are entirely missing, you can add them using this form.