This paper explores how the saving behavior of state governments is affected by adopting the budget stabilization fund (BSF) and by the state's balanced budget requirements (BBR). As a fiscal/budgetary institution, BSFs with unique design features and varying combinations of the BBR articles...

This paper explores patterns of governance and public finance in development through dissecting the substantiation of transportation infrastructure. We propose three propositions: modern society has increasing demands for government in promoting socio-economic progress; infrastructure is the...