Global imbalance refers to the significant gap in current account surpluses and deficits amongst major countries. Between mid-1990s and mid-2000s, global imbalance moved from moderate to historically unprecedented levels. Particularly, the U.S. ran up its current account deficit from under $200...

The purpose of this study is to identify and analyze the impact of the Intergovernmental transfer (Balance Fund) and Local Own Revenue to the local government expenditure as well as to know the occurrence of flypaper effect phenomenon in the relationship between those variables. This study is...