Peter Dungan, an economist at the University of Toronto, says the expense amounts to a "drop in a bucket" when set against the national economy.
It is, however, targeted, timely and spread locally.
"It's pretty clear that election expenses don't get spent on imports," said Dungan. "At least it is localized."
A look through individual candidates' 2008 receipts – available by appointment at Elections Canada – reveals the flurry of local largesse: pizza shops, printing houses, bus companies, computer stores, community newspapers, flower shops and a host of other suppliers all cashed in.
Elections Canada also hires thousands of temporary workers, Dungan notes, which could prove timely in this autumn of rising unemployment.
"You might say there are more creative ways of doing that, but it does stimulate the economy," said the professor.
"The idea that it's a complete waste is not true."
Wednesday, September 9, 2009
The Price of an Election
This is a good little article in the Toronto Star about the cost of an election.
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Those economists are all out to get Harper though, so they can't be trusted. I bet there's not one self-described economist* in the country who believes what Harper says on the economy.
ReplyDelete* http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0009624