Purpose: The purpose of this paper is to analyze late disbursements for service delivery by focusing on donors’ General Budget Support disbursement to Tanzania and on the intergovernmental money flows in Tanzania. Design/methodology/approach: The authors examined empirical analysis using...

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...

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...