Towards the end of 2009, the world economy was recovering from its deepest recession since the end of World War II. Most countries around the world took resort to fiscal policy in order to foster this recovery. In this paper, we first discuss the pros and cons of discretionary fiscal policy from...

This paper uses a set of international input-output tables constructed for selected Asian countries (and the USA) for the years of 1975 and 1985 to compare sectoral and intercountry changes over this decade. The analysis makes use of a framework developed by Guilhoto, Hewings, and Sonis (1996)...