Understanding the effects of marginal tax rate on debt policy is crucial not only for　considering various capital structure theories of firms but also for evaluating corporate tax reform proposals. In this empirical study, we have found a positive relation in most cases between the...

This paper analyzes the possibility of improving the efficiency of child benefit programs in an overlapping generations economy that has endogenous fertility and large government debt levels. We derive the conditions for this improvement using Representative-Consumer and...

Population growth rate matters for determining the optimal amount of capital in the context of dynamic inefficiency. From the aspect of social security, if there are pension schemes, individuals have no motive for having a child as income source for retirement periods. Thus, it is important to...

This paper attempts to assess the effect of General Budget Support (GBS) in developing countries by using panel data on government revenue, expenditure, and social indicators for the 10-year period from 1997 to 2006. We focus on the health sector as a representative social sector. The results...

The actual flow of General Budget Support (GBS) is not well known in developing countries. There have been few empirical studies on the effect of late disbursement from donors to a recipient government and from the central government to local governments. This paper attempts to analyze this flow...