Fiscal policy and management in East Asia (University of Chicago Press, 2007)
"National Bureau of Economic Research"--Cover. - "This volume contains a selection of papers presented at the sixteenth annual East Asia Seminar on Economics ... held in Manila, the Philippines on June 23-25, 2005"--Introduction
Includes bibliographical references and indexes
Introduction / Takatoshi Ito and Andrew K. Rose -- Part I. Fiscal Systems in Developing and Developed Countries -- 1. Puzzling Tax Structures in Developing Countries : A Comparison of Two Alternative Explanations / Roger Gordon and Wei Li -- Part II. The Impact of Government Policy on Private Behavior -- 2. The Direct Substitution between Government and Private Consumption in East Asia / Yum K. Kwan -- 3. Measuring the Effectiveness of Fiscal Policy in Korea / Seok-Kyun Hur -- 4. Income Risk and the Benefits of Social Insurance : Evidence from Indonesia and the United States / Raj Chetty and Adam Looney -- Part III. International Long-Run Sustainability Issues -- 5. Will China Eat Our Lunch or Take Us to Dinner? : Simulating the Transition Paths of the United States, the European Union, Japan, and China / Hans Fehr, Sabine Jokisch, and Laurence J. Kotlikoff -- 6. External Debt, Adjustment, and Growth / Delano P. Villanueva and Roberto S. Mariano -- Part IV. Sustainability : Country Issues -- 7. Australian Government Balance Sheet Management / Wilson Au-Yeung, Jason McDonald, and Amanda Sayegh -- 8. Dealing with Contingent Liabilities : The Philippines / Gilberto M. Llanto -- 9. Reforming the Fiscal Management System in Korea / Youngsun Koh -- 10. Population Aging, Fiscal Policies, and National Saving : Predictions for the Korean Economy / Young Jun Chun -- 11. Sustainability, Debt Management, and Public Debt Policy in Japan / Takero Doi, Toshihiro Ihori, and Kiyoshi Mitsui -- 12. Policy Options for Financing Future Health and Long-Term Care Costs in Japan / Tadashi Fukui and Yasushi Iwamoto
Managing fiscal policy--the revenues and spending of an individual nation--is among the most challenging tasks facing governments. Wealthy countries are constrained by complex regulation and taxation policies, while developing nations often face high inflation and trade taxes. In this volume, esteemed economists Takatoshi Ito and Andrew K. Rose, along with other leading experts, examine the problems and challenges facing public finance in East Asian developing countries as well as the United States and Japan. Fiscal Policy and Management in East Asia explores the inefficient tax systems of many d