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The Fiscal Condition of American and Canadian Cities

Author

Listed:
  • John Mercer

    (Department of Geography, Maxwell School of Citizenship and Public Affairs, Syracuse University, Syracuse, New York, USA)

  • Michael A. Goldberg

    (University of British Columbia, Vancouver, BC, Canada)

Abstract

The fiscal condition of American and Canadian cities is examined in this paper using municipal bond ratings from Moody's Investors Service for the period 1970-1980. Two hypotheses are posited: that Canadian central cities will exhibit greater fiscal health than will American central cities; over time Canadian and US cities will exhibit differences in changes in bond ratings with changes being more positive for the Canadian case. Neither hypothesis is refuted by the bond rating evidence presented in the paper. While the limited size of the Canadian sample of cities with Moody's bond rating precludes rigorous statistical tests, the findings are consistent with previous work which suggests that there are significant differences between Canadian and US cities and that the North American City concept must be used with care.

Suggested Citation

  • John Mercer & Michael A. Goldberg, 1984. "The Fiscal Condition of American and Canadian Cities," Urban Studies, Urban Studies Journal Limited, vol. 21(3), pages 233-243, August.
    • Handle: RePEc:sae:urbstu:v:21:y:1984:i:3:p:233-243
    DOI: 10.1080/00420988420080511
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    References listed on IDEAS

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    1. Michael A. Goldberg & John Mercer, 1980. "Canadian And U.S. Cities: Basic Differences, Possible Explanations, And Their Meaning For Public Policy," Papers in Regional Science, Wiley Blackwell, vol. 45(1), pages 159-183, January.
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    Cited by:

    1. Michael Broadway, 1989. "A comparison of patterns of urban deprivation between Canadian and U.S. cities," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 21(5), pages 531-551, October.

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