This paper studies the repayment of regional debt in a multi-region economy with a central authority: who pays the obligation issued by a region? With commitment, a central government will use its taxation power to smooth distortionary taxes across regions. Absent commitment, the central government may be induced to bailout the regional government in order to smooth consumption and distortionar...

This article deals only with social security for workers in China’s urban sector. Social security for the state work force, primarily income-security programs for state enterprises, faces unprecedented challenges caused by a decade of policy changes and experiments in social security and in enterprise and labor-force reforms. Serious problems in funding and administering these programs have sur...

geographical location and climatic condition in the northern coast of persian gulf provided a suitable condition for the spread of epidemic diseases and their continuity. in qajar period, increased relations with india, mesopotamia and lack of health facilities caused the death of many residents in these areas. at the beginning of reza shah’s reign and the government’s attitude towards moderniz...

This paper examines the impact of government expenditure on the Nigerian economy for the period 1983 - 2012. The government expenditure components used as the explanatory variables in the model are: expenditures on Health, Education, Defense, Agriculture and Transportation and Communication. The Gross Domestic Product (GDP) was used as a parameter for measuring economic growth. In order to esta...

The purpose of this paper is to survey methodology of test for fiscal sustainability. The econometrical tests for fiscal sustainability have been improved since the 1980s. We introduce the methods and backgrounds of these tests. Also we apply the tests to the Indonesian and Japanese data. It is important to analyze the sustainability of government bonds consisting with the fiscal system, partic...