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Some economic dimensions of the sovereignty debate in Quebec: debt, GDP, and migration

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  • Kim Somers
  • François Vaillancourt

Abstract

This paper shows that the quest for sovereignty in Quebec is explained by its role as the abode for a French-speaking minority in North America. It notes that there was no commonly agreed legal framework for the 1980 or 1995 referendums and that the attempt to impose one in 2000 has been rejected by Quebec. Using results from existing papers and original research, the paper shows that the quest for sovereignty can have an impact on the cost of financing the public debt of the entity doing this. It also shows that labour flows can be affected by the existence of a sovereignty movement. This GDP would be higher if the secessionist threat had not had an impact on the size of the labour force since the early 1970s.

Suggested Citation

  • Kim Somers & François Vaillancourt, 2014. "Some economic dimensions of the sovereignty debate in Quebec: debt, GDP, and migration," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 30(2), pages 237-256.
    • Handle: RePEc:oup:oxford:v:30:y:2014:i:2:p:237-256.
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    File URL: http://hdl.handle.net/10.1093/oxrep/gru023
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    Cited by:

    1. Mario Fortin & Marcelin Joanis & Philippe Kabore & Luc Savard, 2022. "Determination of Quebec's Quarterly Real GDP and Analysis of the Business Cycle, 1948–1980," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 18(3), pages 261-288, November.
    2. Geloso, Vincent J. & Grier, Kevin B., 2022. "Love on the rocks: The causal effects of separatist governments in Quebec," European Journal of Political Economy, Elsevier, vol. 71(C).
    3. Jo Reynaerts & Jakob Vanschoonbeek, 2022. "The economics of state fragmentation: Assessing the economic impact of secession," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(1), pages 82-115, January.

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